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Jamaica: PM urges more debt relief for SIDS, warns of long recovery without it

Prime Minister Andrew Holness has stepped up his call for developing countries, in particular Small Island Developing States (SIDS) like Jamaica, to be given more latitude in the area of debt servicing in order to prevent greater indebtedness and to help them recover from the effects of the COVID-19 pandemic.

At the same time, Holness, who was giving opening remarks at a virtual high-level meeting on the International Debt Architecture and Liquidity on Monday, warned that with the COVID-19 pandemic still raging around the globe, developing nations were concerned about the fact that many of them still lack access to regular and sufficient quantities of vaccines to inoculate their populations.

“An uneven and unequitable global vaccination programme will lead to an uneven global recovery and reinforcement of poverty,” Holness also warned.

The Jamaican prime minister added that “given the interconnected and recurrent impact of the pandemic on all societies and economies globally, unless we are all prepared to enter deeper cooperation with, fairer, smarter, and broader views of our world and common interests, we should temper our expectations that the crisis is nearing its end”. 

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