Fletcher Calls for Es­tab­lish­ment of New Global Funds

The Star (St. Lucia) - - LOCAL -

Saint Lu­cia’s Min­is­ter for Public Ser­vice, Sus­tain­able De­vel­op­ment, Energy, Science and Tech­nol­ogy, Hon. James Fletcher, ad­dressed the Third In­ter­na­tional Fi­nanc­ing for De­vel­op­ment Con­fer­ence (FFD3) on Wed­nes­day, 15th July, 2015 in Ad­dis Ababa, Ethiopia and called for the es­tab­lish­ment of new Global Funds for Health, Ed­u­ca­tion, Wa­ter and San­i­ta­tion, and Sus­tain­able Energy to help peo­ple in de­vel­op­ing coun­tries es­cape the vi­cious cy­cles of poverty, hunger, dis­ease and de­ple­tion of nat­u­ral re­sources. He also called for a ded­i­cated fund­ing mech­a­nism for the SAMOA Path­way, the am­bi­tious de­vel­op­ment agenda for Small Is­land De­vel­op­ing States (SIDS) that was en­dorsed at the Third In­ter­na­tional SIDS Con­fer­ence in Samoa last year.

In ad­dress­ing is­sues that were spe­cific to the mem­ber coun­tries of the Caribbean Com­mu­nity, CARICOM, Min­is­ter Fletcher drew the Con­fer­ence’s at­ten­tion to the re­cent list­ing of some CARICOM coun­tries as un­co­op­er­a­tive on tax mat­ters as be­ing ‘sin­gu­larly un­help­ful’ and called for “a more ge­o­graph­i­cally bal­anced fo­rum within the United Na­tions to ad­dress in­ter­na­tional tax co­op­er­a­tion mat­ters”.

As he has done in pre­vi­ous meet­ings, Hon. James Fletcher spoke of the dan­gers in the clas­si­fi­ca­tion of Caribbean coun­tries as Mid­dle In­come and sug­gested the need for the de­vel­op­ment of dif­fer­ent eco­nomic in­di­ca­tors that ad­dressed the vul­ner­a­bil­ity of Caribbean SIDS. He also rec­om­mended that the Fi­nanc­ing for De­vel­op­ment Con­fer­ence should es­tab­lish the fact that cli­mate fi­nanc­ing must be ad­di­tional to tra­di­tional de­vel­op­ment fi­nanc­ing, to pre­vent the temp­ta­tion, by some coun­tries, to con­ve­niently dou­ble count and thereby limit the fund­ing avail­able for cli­mate change.

In clos­ing, Min­is­ter Fletcher stated that the Third FFD Con­fer­ence held the keys to fi­nanc­ing an in­ter­na­tional de­vel­op­ment agenda be­yond 2015 and set­ting a new com­pre­hen­sive de­vel­op­ment agenda that fo­cuses on poverty re­duc­tion, eco­nomic em­pow­er­ment, so­cial de­vel­op­ment and en­vi­ron­men­tal pro­tec­tion for all.

Hon­or­able James Fletcher.

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