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Governments and International Organizations Come Together to Address Economic Challenges and Sustainability

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NEW YORK, 28 May 2020 — United Nations Secretary-General António Guterres, the Prime Minister of Canada, Justin Trudeau and the Prime Minister of Jamaica, Andrew Holness, will convene world leaders and international organizations today in a joint initiative to sharpen and accelerate our global response to the significant economic and human impacts of COVID-19, and advance concrete solutions to the development emergency.

This pandemic requires a large-scale, coordinated, comprehensive multilateral response to support countries in need, enabling them to recover better for more prosperous and resilient and inclusive economies and societies.

With more than 50 Heads of State and Government participating, the High-Level Event on Financing for Development in the Era of COVID-19 and Beyond is the most inclusive gathering of countries to focus on the socio-economic recovery and financing needs from the pandemic. We must continue to coordinate these efforts to avoid a devastating impact on people’s lives and livelihoods.

We all face economic strain in responding to this pandemic, particularly low- and middle-income countries, many of which are seeing their efforts to achieve the Sustainable Development Goals (SDGs) set back.

The High-Level Event looks at six urgent areas of action to mobilize the financing needed for the response and recovery. These include expanding liquidity across the global economy; addressing debt vulnerabilities; stemming illicit financial flows; increasing external finance for inclusive growth and job creation; and strategies for countries to recover better, achieve the SDGs, address climate change and restore the balance between the economy and nature.

“The pandemic has demonstrated our fragility,” said UN Secretary-General Antonio Guterres. “We are in an unprecedented human crisis, because of a microscopic virus. We need to respond with unity and solidarity, and a key aspect of solidarity is financial support.”

Jamaica’s Prime Minister Andrew Holness said “the COVID-19 pandemic demands that we take immediate action to address its impacts on the economies of all countries, in every region of the world and at every stage of development.” He added that he welcomes the six thematic areas of focus, including the “necessity to address the urgent need for increased liquidity, particularly for low- and middle-income countries.”

Canada’s Prime Minister Justin Trudeau said that “all countries are being tested by the COVID-19 pandemic, and it threatens to undermine our hard-won development gains. We know the best way to help all our people and economies rebound is to work together as a global community. We want to support collective and individual actions to enable a recovery that leads to more inclusive, sustainable and resilient economies, where no one is left behind.” 

The cost of the pandemic
World Health Organization (WHO) figures show that the COVID-19 pandemic has already claimed more than 340,000 lives, with more than 5.4 million cases globally. Unless we act now, UN projections indicate that the pandemic could slash nearly $US8.5 trillion from the global economy over the next two years, forcing 34.3 million people into extreme poverty this year, and potentially, an additional 130 million people during this decade. 

Failing businesses are already causing a surge in unemployment. The International Labour Organization (ILO) expects that global working hours in the second quarter of 2020 will be 10.5 per cent lower than before the crisis, equivalent to 305 million full-time jobs. Women are particularly affected, as they are overrepresented in sectors that have been the most affected with initial job losses. They are also the majority of those employed in the informal sector globally and on the whole tend to hold less secure jobs with fewer protections, less savings, and are more likely to live in, or close to, poverty.

The pandemic is causing economic distress even in countries that have not yet experienced the health impact in large numbers. Falling exports and growth are rapidly undermining the debt sustainability of many developing countries, particularly those that are heavily dependent on commodities, tourism revenues or remittances. Growing debt distress poses an enormous challenge to these countries, further constraining their ability to implement stimulus measures.

Even prior to the outbreak of the pandemic, almost half of all least developed and other low-income countries were in, or close to, debt distress. Debt servicing costs for these countries more than doubled between 2000 and 2019, to 13 per cent of government revenue, and reached more than 40 per cent in a quarter of all Small Island Developing States (SIDS).

Effective domestic resource mobilization will be crucial for rebuilding economies. Yet trillions of dollars are thought to be held in undeclared offshore financial holdings. The cost of money laundering has been estimated at around $US1.6 trillion a year.

Meeting the challenges
In the face of this unprecedented health, social and economic crisis, many governments across the world have rolled out large fiscal stimulus measures equivalent to an estimated 10 per cent of national gross domestic product (GDP). But most developing economies are finding it difficult or impossible to implement sufficiently large fiscal packages, which have so far averaged less than 1 per cent of their GDP.

In April 2020, the G-20 agreed to suspend debt service on bilateral official debt to 76 low-income developing countries to help increase liquidity to deal with the impacts of the crisis. The International Monetary Fund (IMF) offered further debt service relief to 25 of the poorest countries, and the World Bank has been coordinating with regional banks to discuss COVID-19 support, joint initiatives, co-financing, and ways to maximize net flows to the poorest and most vulnerable countries. But far more is needed, and quickly.

The High-Level Event will discuss a wide range of inclusive solutions, seeking input from the countries feeling the most impacted.

Rebuilding sustainably
In the initial containment and crisis phase of the pandemic, nations have prioritized the health of people before turning to the economic and labour market consequences.  As each nation charts its own course to recovery, countries are seeking to limit the economic fallout by taking steps to protect enterprises, jobs and incomes, and to stimulate the economy, and to do so in a way that protects women and families, young people, and the most vulnerable in our societies. 

We must raise our ambitions in order to recover better, by building more prosperous, inclusive, resilient and sustainable economies and societies. Countries cannot afford to leave unattended the underlying fragilities at the core of our current economic and social systems. We cannot wish away systemic risks, from the climate crisis to high and persistent inequality. Everyone will benefit if we address these risks by investing up front. 

The Event will include a High-Level Segment in which Heads of State and Government will express their commitment to finding multilateral solutions to the global economic crisis and its effects on the most vulnerable. In addition, a High-Level Panel of leaders from international institutions will discuss the challenges and opportunities for urgent, decisive action. Following the Panel, the High-Level Segment among Heads of State and Government, and partners will continue.

Six critical areas of focus
The Event will also launch a collaborative effort to enable discussions on concrete proposals to overcome challenges in six areas, and progress will be reported back at the margins of the High Level Political Forum in July, the General Assembly in September, and at the end of the year that include:

  1. The need to expand liquidity in the global economy and maintain financial stability to safeguard development gains. 
  2. The need to address debt vulnerabilities for all developing countries to save lives and livelihoods for billions of people around the world. 
  3. The need to create a space in which private sector creditors can proactively engage in effective and timely solutions.
  4. Prerequisites for enhancing external finance and remittances for inclusive growth and creating jobs.
  5. Measures to expand fiscal space and foster domestic resource mobilization by preventing illicit financial flows.
  6. Ensuring a sustainable and inclusive recovery by aligning recovery policies with the Sustainable Development Goals.

The outcomes of the High-Level Event include the formation of six discussions groups, a collaborative effort that aims at providing concrete proposals by mid-July.
There is no time to lose. Solutions cannot wait, and decisive action is required.

Courtesy of Office of the Prime Minister, Jamaica

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Caribbean News

Fighting the fungus foe of the beloved banana

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How Venezuelan farmers are learning to grow and live with a devastating plant disease

 

In the fields of Venezuela, where the banana has been for generations a symbol of sustenance and tradition, a shadow fell across the land. In 2023, Venezuela’s National Institute of Integral Agricultural Health (INSAI) declared a phytosanitary emergency: the fungus Fusarium Tropical Race 4 (TR4) (Fusarium oxysporum f. sp. cubense tropical race 4; syn. Fusarium odoratissimum) had arrived in producing areas in the states of Aragua, Carabobo and Cojedes.

This fungus, considered a devastating disease of banana and plantain (Musaceae) trees, can remain in the soil for more than two decades, threatening production and the lives of those who depend on it.

In the state of Aragua in the north of the country, the Renacer community had been growing bananas and plantains on 20 hectares since 2018. Then Fusarium arrived.

“When the disease hit, the entire plantation began to deteriorate. We refused to ‘die’ with the trees because that was our livelihood. The visits of INSAI confirmed that we had to chop down the banana trees. I cried a lot because I had worked with my banana trees for years,” recalls woman farmer, Lesbia Margarita García, with a broken voice.

In response, INSAI implemented measures to eliminate the affected plantations and improve the soil health by changing to other crops that allow agricultural production to recover. The Food and Agriculture Organization of the United Nations (FAO) offered assistance by providing corn seeds, tools, biosecurity inputs and training, with teams of experts helping farmers to start again.

“Planting corn, thanks to the INSAI-FAO programme, gave us a harvest that benefited everyone. We have been improving the soil,” says Lesbia Margarita with a smile. “Now we rotate crops, observe soil health and have learned how to use natural fertilizers. Expert assistance has been key.”

The pilot project works directly with affected producers in high-risk areas, promoting alternative crops such as cereals and vegetables, delivering inputs and tools to mitigate damage and applying biosecurity measures for safe and effective containment.

“Beyond the corn received, we have already planted cassava, chili peppers, beans and pumpkin. We hope that by the end of the year [2025] we will be diversified and that each season we will have something to sell. These lands do not give up,” says Lesbia Margarita with conviction.

The Renacer community is beginning to see fruits. Their products are reaching local markets, generating income and rebuilding their livelihoods.

Key actions to manage Fusarium TR4 are ongoing, including regular monitoring, continuous training, inter‑institutional coordination, updates to the national plan, information campaigns and producer impact assessments. INSAI is sustaining regulatory, surveillance measures and training —with FAO support—as part of a comprehensive long‑term strategy.

At the global level, FAO supports awareness raising, capacity building and international collaboration in the fight against Fusarium TR4 by facilitating the World Banana Forum and its Global Network on TR4.

“The objective is for countries to strengthen their operational and technical capacity, articulating actions between the public sector, the private sector and family farmers,” says Raixa Llauger, FAO Agriculture Officer in Mesoamerica. “FAO and local partners have promoted this approach in Venezuela.”

As an essential part of the activities, a comprehensive training programme was developed with activities that taught farmers how to identify the disease contain it and protect crops. In addition, FAO has distributed laboratory equipment, biosecurity tools and a multispectral drone to INSAI. Drones are an efficient and cost‑effective tool for phytosanitary surveillance, offering rapid, high‑resolution monitoring and early detection of plant pests and diseases.

Overall, the project strengthened biosecurity measures against the Fusarium fungus through the adoption of the National Action Plan and the establishment of partnerships with national and international institutions. In addition, the pilot initiative supporting smallholder farmers in key production areas and a nationwide awareness campaign with broad outreach improved surveillance, diagnosis and phytosanitary response capacities across the country.

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UN Warns 20-Day Middle East Escalation No Longer Contained as Death Toll Rises  

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March 18, 2026 – Twenty days after the latest Middle East conflict erupted, the United Nations is warning the war may no longer be contained, as fighting involving the United States, Israel, Iran and armed groups across Iraq, Lebanon and the Gulf continues to spread.

In a statement issued March 17, the spokesperson for the UN Secretary-General said the war must stop and urged all parties to respect Security Council Resolution 2817, which condemned attacks on Gulf countries and warned the escalation poses a serious threat to international peace and security.

The current round of fighting began on February 28 with joint U.S. and Israeli strikes on Iranian targets, followed by missile, drone and proxy attacks across the region, including strikes on Gulf states, shipping routes and military bases.

Death toll climbing across multiple fronts

Casualty figures remain incomplete, but international monitoring groups say the conflict has already killed more than 1,300 people in Iran alone, with some estimates placing the total regional death toll much higher.

U.S. officials confirm at least 13 American service members have been killed since the fighting began, while Israeli casualties have also been reported following missile and drone attacks, though no final number has been released.

Hundreds have also been killed in Lebanon during Israeli strikes linked to the widening conflict, and casualties have been reported in Gulf states after Iranian retaliation targeted military facilities and energy infrastructure.

In the latest escalation, Israeli strikes reportedly killed additional senior Iranian military leaders, signalling the conflict is moving deeper into direct confrontation rather than proxy fighting alone.

NATO allies staying out of the fight

While the United States continues military operations, several NATO countries including the United Kingdom, France, Germany, Canada and Italy have warned against further escalation and are not joining offensive action, instead calling for negotiations and de-escalation.

The lack of a unified Western coalition has raised concerns the war could become more unpredictable, with multiple actors involved but no clear diplomatic path to stop the fighting.

UN warns conflict spreading beyond original battlefield

The United Nations says the continued targeting of Gulf countries shows the crisis is no longer limited to one conflict zone and risks becoming a wider regional war if diplomacy fails.

The Secretary-General’s office again called for an immediate halt to hostilities, saying the situation is becoming increasingly dangerous as attacks continue across several countries at once.

For now, the warning from the UN is clear — the war has entered its third week, the death toll is rising, and the conflict may no longer be under control.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Commonwealth Day: King calls for “Restored Harmony” as World Marks 80 Years Since WWII

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The world must work to restore harmony in a time of growing division, according to His Majesty King Charles III, who used his Commonwealth Day message to reflect on global conflict, shared sacrifice, and the enduring role of the Commonwealth in bringing nations together.

In his address as Head of the Commonwealth, the King said the association of nations remains one of the few places where countries of different sizes, cultures and histories can meet as equals.

“In these uncertain times, where it is all too easy to believe that our differences are problems instead of a source of strength… the Commonwealth’s remarkable collection of nations and peoples come together in the spirit of support and, crucially, friendship,” the King said.

This year’s observance carries special significance, marking the 80th anniversary of the end of World War II, a conflict in which more than one-and-a-half million men and women from across the Commonwealth served alongside the United Kingdom and its allies.

“On this special anniversary, we remember with particular pride and everlasting gratitude the untold sacrifice and selflessness of so many from around our Family of Nations who gave their lives in that dreadful conflict,” the King said.

Among those who served were thousands from the Caribbean, including volunteers from The Bahamas, Jamaica, Trinidad and Tobago, Barbados and other British West Indian territories. Historians estimate that around 20,000 Caribbean men and women joined the war effort, serving in the Royal Air Force, the Caribbean Regiment, the Merchant Navy and support units across Europe, Africa and the Middle East.

Their contribution, often overlooked in the wider history of the war, formed part of the Commonwealth effort that helped secure victory in 1945.

The King said the shared history of sacrifice remains a reminder of what can be achieved when nations work together, and warned that the same spirit is needed today as the world faces new pressures.

Leaders of Commonwealth countries, he noted, recently reaffirmed their commitment to cooperation on peace, human rights and the protection of the natural world, issues he said are critical to the future of younger generations.

“As we mark this Commonwealth Day together, there is no more important task than to restore the disrupted harmony of our entire planet,” the King said.

He added that the Commonwealth’s continued work toward cooperation and understanding will be essential in protecting the future of its people, particularly at a time when global tensions, environmental threats and economic uncertainty are again testing international unity.

For many across the Caribbean, the message also serves as a reminder that the region’s history is closely tied to that wider Commonwealth story — from the battlefields of World War II to the modern challenges of building peace, stability and opportunity in an uncertain world.

 

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