Antigua and Barbuda: Prime Minister Gaston Browne officially accepted a proposal of the United Nations General Assembly to get appointed one of two co-chairs for the high-level panel of experts on the work of the Multidimensional Vulnerability Index (VMI) on Friday, March 18, 2022.
Prime Minister Browne also serves as the Chair of the Alliance of Small Island (AOSIS) and also expressed his pleasure to get such a huge opportunity and responsibility.
He said, “For decades, small island Stated have been struggling for the adoption and the implementation of a universal VMI across all global financial institutions. Now, we are going to achieve this as we are heading towards the post-pandemic future, this is an essential step on a long road back to economic solvency for many islands, and I will serve my duty efficiently”, PM Browne added.
President of the UN General Assembly, Abdullah Shahid of Maldives, also noted that VMI is an important exercise with significant implications and also requested that the panel shuls complete its mandate before the end of his Presidency this year.
Prime Minister Browne would share his responsibilities with the former Prime Minister of Norway Erna Solberg, who noted that the panel is made up of experts from all over the world, and it is important that it would prioritise the needs of SIDS.
“I am eternal Optimist, and this world is essential, and we should work righteously, and we will succeed,” underscored PM Browne.
The VMI is known as essential to show the true vulnerability of any particular country in various aspects such as economic and social. It also depends upon the external shocks beyond its control and its supply chain issues or climate-related natural disasters.
So, for all the Caribbean nations, it is a great indicator of why they should qualify for concessional relief in times of economic distress.
Anglina Byron, developed a deep-seated passion for journalism. Anglina is recognized for her tenacity, strength, and unwavering commitment to delivering honest and reliable news across the Caribbean. She covers general affairs of the region.