“In such a volatile and unpredictable climate, what future lies ahead for our islands without the recognition of its vulnerabilities? It is imperative, therefore, that we usher in a new assessment architecture. One which can truly address the needs of SIDS and LDCS in a comprehensive manner. To go beyond GDP per capita as a measurement of development and access to concessionary financing for development needs. We need an index that takes into consideration the intrinsic complexities that data on income, on its own, cannot fully reveal. This demands that we identify a fairer way to measure a country’s susceptibility to external shocks. It demands a more pragmatic methodology of assessment” said the President.
“The argument we are pushing forward is that the MVI should be universally applicable within the United Nations system and beyond, including international financial institutions. What we are saying is: no country should be penalised for making progress in its development journey. The opportunities extended, or considerations given, to some developing countries should be available to all developing countries, irrespective of income status.”
The Head of State thanked the OIF and the Commonwealth for their continued support and commitment, one that he described as important in the advocacy and implementation of the MVI.
“We are here to make a case for due and appropriate consideration to be given to SIDS. Both the Organisation Internationale de la Francophonie and the Commonwealth are sensitive to and supportive of our arguments. Their support and commitment are vital to own efforts towards securing the universal adoption of a MVI. Thank you to the OIF and Commonwealth for organising this event, and a special thanks to Madame Mushikiwabo and The Rt Honourable Baroness Scotland for your continued support and advocacy!”
“Let us all continue to advocate for enduring solutions towards greater resilience for SIDS, and other developing countries,” he concluded.