GEORGETOWN, Guyana, Wednesday December 27, 2017 – The more than US$2B pledged at the Caribbean Community (CARICOM)-United Nations (UN) Conference for long-term recovery for hurricane-affected countries and the establishment of the regional renewable energy center are among the successes CARICOM recorded for 2017 in spite of the year’s challenges.
CARICOM Secretary-General Ambassador Irwin LaRocque said in his end of year message that the Community was ending 2017 with several other noteworthy achievements, including a change in posture by International Financial Institutions and some development partners with respect to access to concessionary development financing.
“It is encouraging to note that our relentless advocacy with respect to the lack of access to concessional development financing appears to be bearing fruit. There is some re-thinking on this issue taking place at the level of the International Financial Institutions (IFIs) and some of our international development partners (IDPs),” he said.
Adding that CARICOM will continue to advocate for this change, he said the region’s vulnerability to external shocks, which the hurricanes laid bare, emphasized the urgent need for the international community to dispense with GDP per capita as a primary criterion for access to concessional development financing.
Ambassador LaRocque noted significant advances in human resource development highlighting the July 2017 endorsement of Heads of Government of the Human Resource Development (HRD) 2030 Strategy. The HRD Strategy is intended to prepare the Community to address the requirements of its 21st century economy and society through actions for basic education, from early childhood through secondary, the tertiary sector and life-long learning.
With regard to energy, in July 2017, CARICOM Member States signed the Agreement establishing the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE). The centre is based in Barbados and is the implementation hub for sustainable energy activities and projects within the region. It will play a major role in CARICOM’s thrust to increase the renewable energy share in power generation to 47 per cent by 2027, with the resulting lowering of costs to the consumers and benefits to the environment, the Secretary-General said.
He highlighted the range of opportunities now opened to the Private Sector with the signing of the Second Protocol to the CARICOM-Cuba Trade and Economic Cooperation Agreement. This Protocol allows for duty free access to Cuba for CARICOM producers of approximately three hundred items including meat, fish, dairy produce, fruits and vegetables, beer, rum, cement, soaps, articles of apparel and clothing.
Ambassador LaRocque said that CARIFESTA XIII in Barbados under the theme ‘Asserting our Culture: Celebrating Ourselves’ was another highlight of 2017.
“The enthusiasm for the cultural extravaganza was not dampened by the threat of Hurricane Harvey as the people of the Caribbean showcased their creativity at various venues across the island. The business aspect of the creative industries took center stage in keeping with the Heads of Government endorsement for exploring the potential of the cultural and creative industries to contribute to the economic development of the region,” he said.
As he looked ahead to 2018, LaRocque said it was with expectation of closer regional unity, reminiscent of the kindred spirit that fueled the outpouring of support post hurricanes Irma and Maria.
He commended the Caribbean Disaster Emergency Management Agency (CDEMA) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) for performing their respect roles “magnificently” and promptly.
“The Caribbean Disaster Emergency Management Agency (CDEMA), the Community’s specialized institution, performed magnificently as it coordinated the relief efforts and helped to set the stage for recovery. I must extend the Region’s gratitude to the Agency for a job well done. The Caribbean Catastrophe Risk Insurance Facility (CCRIF) was also prompt in meeting its commitments to the affected countries with the appropriate policies,” he said.
While the hurricanes will have a lasting impact on the Community, he lauded the “yeoman support” rendered to the hurricane-stricken countries by highly CARICOM governments, people, institutions and the international community.