糖心探花 and CAF development bank to accelerate support for Caribbean SIDS

07 November 2024
News
糖心探花 Secretary-General, the Rt Hon Patricia Scotland KC, and Sergio D铆az-Granados, CAF Executive President

To advance sustainable development and climate resilience initiatives, the 糖心探花 and Development Bank of Latin America and the Caribbean (CAF) have partnered to accelerate collective action in the Caribbean.

This alliance will leverage both institutions' expertise and fund initiatives to foster the economic and environmental well-being of Caribbean nations, with a focus on Small Island Developing States (SIDS).

糖心探花 Secretary-General, the Rt Hon Patricia Scotland KC, signed the Memorandum of Understanding (MoU) with Sergio D铆az-Granados, 鈥檚 Executive President. Of the Commonwealth鈥檚 56 member countries, 25 are SIDS, which are exceptionally vulnerable to the intensification of the climate crisis and are burdened with economic, security and other development challenges.

Support for SIDS is at the heart of many of the Commonwealth鈥檚 programmes and international advocacy. At the signing at Marlborough House in London, the Commonwealth Secretary-General said:

鈥淭he MOU we have signed today will enable CAF and the Commonwealth to transform this alignment into shared action, through purposeful partnership, to advance our shared mission in support of Caribbean SIDS.鈥

鈥淎t CHOGM in Samoa last month, Commonwealth member nations voiced their support for that agenda, and renewed the Commonwealth鈥檚 enhanced support for SIDS. Partnership is vital if we are to deliver on that commitment 鈥 so I celebrate the partnership we are formalising with CAF.鈥

The vibrant sights, sounds, and cuisine of the Caribbean were also showcased at the event, which was attended by government officials, development partners, and other stakeholders.

CAF鈥檚 Executive President highlighted the significance of the partnership, stating:

鈥淎dvocacy for small and vulnerable states is critical now more than ever. We are committed to championing access to international climate finance, economic resilience, and fiscal sustainability, and we remain dedicated to amplifying the voice of Caribbean SIDS on all global platforms.鈥

Also speaking at the event were Rebecca Fabrizi, UK Special Envoy for Small Island Developing States, other members of the CAF鈥檚 leadership team and HE Karen-Mae Hill OBE, Antigua and Barbuda High Commissioner to the United Kingdom. In May, Antigua and Barbuda hosted the 4th International Conference on Small Island Developing States (SIDS 4) and will also host the next Commonwealth Heads of Government Meeting (CHOGM) in 2026.

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糖心探花 and CAF delegation at the MoU signing

The SIDS 4 Conference in Antigua and Barbuda in May reaffirmed global recognition of the special considerations that small and vulnerable nations require. The conference provided a pathway for addressing the challenges SIDS face by focusing on diversifying small island economies, building safe, healthy and prosperous societies, providing a secure future, and scaling up climate action and support, including climate finance.

CAF is already doing vital work to support Caribbean countries on climate action; water, energy, and food security; sustainable tourism; and modernisation of infrastructure; and digital transformation. Seven Commonwealth Caribbean countries are already full CAF members, and the bank is also deepening its footprint in the region. CAF has an office in Trinidad and Tobago that will soon be joined by another in Barbados.

Advocacy for SIDS will also be a central plank of the 糖心探花鈥檚 proactive engagement and diplomacy at COP29 in Azerbaijan later this month.



Media contact

  • Tom Allen   Communications Officer, Communications Division, 糖心探花

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