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Experts Make Recommendations on Framework to Help Caribbean Access and Use Needed Climate Financing

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November 29, 2022 – If Caribbean countries are to survive the impacts of climate change, then finding ways to make the money match their needs will be of paramount importance.

“It won’t be a rainbow that gets you to the pot of gold, it will be a framework that enables us to unlock the type of financing that we need for the actions that we committed to under the Paris Agreement in terms of  mitigation, adaptation and loss and damage,” was how Ambassador Jeanine Felson, Senior Advisor on Climate Matters to the Alliance of Small Island States (AOSIS) and the Caribbean Community (CARICOM), put it on Monday.

Ambassador Felson was among the regional experts speaking on Monday, November 14 at ‘Aligning Climate Finance Flows with Caribbean Countries’ Climate Resilience Needs’, a panel discussion coordinated by Caribbean institutions at COP27 to highlight the challenges of and propose solutions around climate change in the region.

The panel was coordinated by the Caribbean Development Bank (CDB), the Caribbean Community Climate Change Centre (CCCCC) and the Organisation for Eastern Caribbean States (OECS) Commission and was an official side event at the United Nations’ climate change conference, currently being held in Sharm el-Sheikh, Egypt.

Speakers highlighted aspects that needed to be considered, incorporated or strengthened in the effort to build an overall framework that would allow Caribbean countries to be able to access more climate financing and use it effectively.

CDB Director of Projects, Daniel Best, spoke of the new framework which CDB is proposing for determining access to finance by small island developing states, many of which are bedevilled by the twin dilemmas of being very climate vulnerable but also being considered middle income and hence ineligible for concessional financing.

CDB’s framework includes three tools: the IRC of a country, which estimates the ability to recover from an exogenous shock, the Recovery Duration Adjuster, to anticipate the length of the recovery period after a shock, which is much longer for developing countries when compared with developed countries, and the Vulnerability and Resilience Assessment Tool.  These calculations will then provide a more judicious means of determining access to finance for small developing states,” stated Best.

However, he stressed that financing frameworks must be improved and strengthened across the world’s development financing system, adding:

While international financial institutions may have pledged trillions of dollars to finance building resilience against the effects of climate change, those pledges may end up meaning very little if we do not strengthen the ‘architecture of the international financial system’ to ensure that these financial resources efficiently flow to developing countries and assist in meeting their development needs and boosting growth prospects.”

Head of the Climate Policy Unit at the European Investment Bank, Edward Calthrop shared how their institution was working to do just that, noting that as the largest provider of climate finance globally, the European Investment Bank is seeking to “work with public authorities to be able to quickly develop high quality studies to make sure infrastructure is designed for the future.

An important element for accelerating finance is having the capacity to deal with the resilience of projects…. Not just in the Caribbean, but globally, we need to get better and quicker at developing high design standards for infrastructure,” stated Calthorp.

Ways to accommodate for the issues of size and scale were also discussed with speakers noting it was a perennial issue for the region made up as it is of small states. Trinidad and Tobago’s Minister of Planning and Development, Hon. Pennelope Beckles, suggested ways this could be addressed in building out a framework that allows countries to be able to properly implement climate resilience projects, saying:

I think it is fair to say that attracting climate finance flows to the Caribbean is a multi-faceted issue. For flows of finance to be effective, recipients must be capable of receiving and utilising such financing. Given the unique nature of the Caribbean, it may also be necessary to create economies of scale that attract feasible investments and climate financing in order to maximise impacts. This, of course, will require coordination and collaboration by all countries of the region to create a uniformed enabling environment across the region.”

 

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U.S. Supports the RBPF With Additional Crime Fighting Vehicles on The Bahamas’ “Road to 50”

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#TheBahamas, January 31, 2023 – Since 1973, the United States and The Bahamas have enjoyed a long-lasting security partnership.  To mark this valued friendship, the United States Government, on January 31, 2023, renewed its support for the Royal Bahamas Police Force (RBPF) with 20 new Ford Police Inceptor Hybrid SUVs valuing nearly $1.4 million.  The United States’ Chargé d’Affaires Usha Pitts; Prime Minister, the Hon. Philip Davis; Minister of National Security, the Hon. Wayne Munroe and RBPF Commissioner Clayton Fernander were on hand for the donation at RBPF East Hill Street Headquarters.

The 20 hybrid vehicles will be added to the 32 vehicles previously donated to the RBPF by the US government to help replace crucial infrastructure lost during Hurricane Dorian.  Recovering from a hurricane is an arduous process that requires support at many levels, from roads and housing to mental health services.  The U.S. government hopes these vehicles will contribute to one key step in the process: citizen security.  These vehicles will not only assist the RBPF’s efforts to combat crime but will also reduce greenhouse gas emissions on the islands.

In her remarks Chargé Pitts noted, “these vehicles are just one example of the United States’ continued efforts to help for The Bahamas’ keep its citizens and visitors safe.”

Prime Minister Philip Davis showed his appreciation for this timely vehicle donation as it will assist with added capacity and increased saturation patrols on the streets.  The Prime Minister added that residents will notice an increased police presence and the police will have new capacity to respond quickly to any criminal activity.

RBPF Commissioner Clayton Fernander highlighted that “we have noticeably taken more illegal firearms and ammunition off our streets in 2022.  We have also seized more illegal drugs including marijuana and marijuana plants than in [previous] years.  Suffice to say, we have efficiently utilized all 32 vehicles previously donated by the U.S. government in our crime fighting efforts.”

In recent years, the U.S. Government, through U.S. Embassy Nassau, has delivered more than $25 million to assist The Bahamas with efforts to fight crime.  On behalf of the Bahamian people, Minister of National Security Wayne Munroe extended his gratitude for the U.S. government’s assistance noting “It seems that when we’re together there [is] always an occasion where they [U.S. government] have helped us and assisted us substantially.”

Captions: Credited to U.S. Embassy Nassau

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Minister of Health & Wellness thanks Cuban nurses for their service during the COVID-19 Pandemic

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#TheBahamas, January 31, 2023 – An appreciation ceremony was held at SuperClubs Breezes resort, January 30, 2023, to thank the remaining cohort of nurses from the Republic of Cuba who joined the cadre of healthcare workers at the Princess Margaret Hospital (PMH) to assist in the delivery of hospital services and patient care in face of the impact of COVID-19.
The cohort originally comprised 42 nurses who started their duties on Monday, January 24, 2022. The ceremony was attended by some 25 remaining nurses.
 
Minister of Health and Wellness the Hon. Dr. Michael Darville thanked the Cuban Ambassador, His Excellency Julio Cesar Gonzalez Marchante, on behalf of the Prime Minister and his Cabinet colleagues, for Cuba’s response to the call for help from the Bahamas Government.
 
“You came to us in one of our most dangerous moments. You came to us in the heat of the Delta Variant when many of our brothers and sisters lost their lives as a result of COVID,” Minister Darville said.
“At the time that I went to Cuba, we had about 100 nurses in our healthcare system who were out as a result of COVID, while the developed world was recruiting our nurses left, right and centre.”
 
He also noted that at that time The Bahamas could not even get vaccines.
 
“We are a Small Island Developing State. The world was hoarding the vaccines to developed countries and our population was very vulnerable because we did not have access to what the developed world had.”
 
Minister Darville said, “But we had a friend 100 miles to the south of us who came to our rescue. You came to us at our most vulnerable moment. For that as a country, Your Excellency, we will forever be grateful to the Republic of Cuba.”
 
The Minister noted that the nurses’ services were so exemplary and needed, the contract, which was originally for three months, was extended to one-year. Despite this, he said it was time for the nurses to return home to their loved ones.
However, he explained that the relationship between the two countries has not ended as he is in negotiations with the Republic of Cuba for bringing in some additional biomedical engineers, physicians, respiratory therapists and HVAC specialists.
 
 
PHOTO CAPTION – Minister of Health and Wellness the Hon. Dr. Michael Darville thanked the nurses from the Republic of Cuba for bolstering the country’s healthcare system during the COVID-19 Pandemic, during an appreciation ceremony at SuperClubs Breezes, Monday, January 30, 2023.
 
(BIS Photos/Patrick Hanna)

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The Ministry of Tourism, Investments & Aviation on Visitor Arrivals

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#TheBahamas, January 30, 2023 – The Ministry of Tourism is extremely excited to announce that visitor arrivals to The Bahamas eclipsed seven million in 2022, signaling a return to pre-pandemic tourism numbers.
In total 7,000,706 visitors came to The Bahamas in 2022.

Deputy Prime Minister and Minister of Tourism, Investments, and Aviation Chester Cooper praised The Bahamas’ performance and the work put in by industry professionals across the board.

“The fact that we have exceeded expectations and attracted more than 7 million visitors to our country in 2022, something only done once before in a single year was no accident,” he said.

“Countless stakeholders in the Bahamian tourism industry, including our international partners, worked tirelessly to achieve this. We sought to strengthen relationships to open new air routes. We sought to make travel to The Bahamas easier, more accessible, and affordable and took the message that we were open for business during our Missions and provided insight on our wonderful offerings to the world.”

DPM Cooper forecasted that 2023 promises to shatter even pre-pandemic numbers as interest in the Bahamas and our brand reputation have never been stronger.

“According to statistics the second half of 2022 outperformed the second half of 2019,” he said. In 2022, 1,470,244 visitors came to our shores by air; another 5,530,462 visitors arrived by sea.

Nassau and Grand Bahama remained our most popular destinations by air, while Nassau and The Berry Islands remained our most popular destinations by sea.  Foreign air and sea arrivals for 2022 were up by 233 percent over the same period in 2021 and just 3.4 percent shy of record arrivals in 2019.  December 2022 saw total arrivals eclipse 900,000 visitors, more than any month in our history.  Cruise arrivals in 2022 increased by nearly 400 percent over 2021 and were less than 1 percent below 2019 cruise arrivals.

Air and cruise arrivals monthly from July to December 2022 surpassed the corresponding month in 2019.
Occupancy rates for 2022 eclipsed occupancy rates for every corresponding month in 2021.

The average daily room rate in 2022 outperformed that category for every corresponding month in 2021. The Bahamas carved out new ground with more than 55 percent of first-time arrivals to The Bahamas, with increases in the United States, Canada, Europe, Africa, Asia, and the Middle East.

DPM Cooper confirmed that the last six months are the strongest The Bahamas has ever seen.  He firmly concluded by saying; “What the Ministry of Tourism, Investments, and Aviation are forecasting so far and what forward bookings indicate, is that we are on track to break records in 2023. We don’t see this slowing down anytime soon.”

Mrs. Latia Duncombe, Director General of Tourism added that everyone should understand that tourism is critical to our economy and all Bahamians, even those who do not directly work in the tourism industry, should always seek to lift the industry up.

“We are all in the tourism business in The Bahamas. And it’s a great business to be in. We want to keep our brand fresh and evergreen. And that’s everyone’s job, especially mine. I have a great, hardworking team at our ministry and we have some incredible things in store this year.”

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