On Friday 21 October 2022, the kick-off meeting was held about climate finance options. In addition to participants from Suriname, there were also representatives of the UN and the IDB who also present at this meeting.
President Santokhi pointed out in his speech that the consequences of climate change can be seen all over the world. Suriname has also experienced flooding and scarce resources have been deployed to absorb the consequences. It is a well-known phenomenon in the Caribbean where loans are taken to cope with the consequences of climate change. This results in an increase in debt, and causes stagnation in the development of the countries.
These countries do not have access to climate finance, due to their ranking as middle-income countries. The United Nations Framework Convention on Climate Change (UNFCCC) does not provide an opportunity for recovery from the losses and damage caused by climate change. That is why the Caribbean countries have decided to insist on this at the next COP27. President Santokhi wishes the participants every success. What was agreed at this meeting brings our country closer to implementing the climate investment plan.