Graduation and differentiation – a recipe for reversing the gains made by the Caribbean: Guyana

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Donald Ramotar

"We, in the Caribbean, have experienced major setbacks due to the international economic and financial crises which started in North America and Europe", Guyana's President Donald Ramotar told the 68th session of the UN General Assembly on Thursday.

But he said while it appears that both North America and Europe are emerging from the crises, the effects are still devastating in the Caribbean.

“Even as we continue to grapple with the effect of the financial crises, we are now faced with the “graduation and differentiation” imposed by some of our international partners. We are told that as middle income countries – measured by GDP per capita – we are no longer entitled to concessionary financing. This is a recipe for reversing the gains made over the years of hard work and sacrifice. We call for a rethink of this position and urge that greater consideration be given to the special vulnerabilities of our region, where a country can see one hurricane wiping out its entire GDP. “

Guyana's President Donald Ramotar says clearly, what is needed is increased cooperation with the international community and development partners. Not less.

He pointed to another serious challenge to the region's sustainable development – the impact of climate change.

Donn Bobb, United Nations.

Duration: 1’27″

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