4 min in · 15% of the speech · 334 words
These are the strengths which our multilateral system needs now more than ever. Mr. president, for Jamaica, the consequences of global challenges are not theoretical. On the 28th of October last year, Hurricane Melissa struck our island. In a matter of hours, the most catastrophic hurricane in our modern history inflicted damage and loss estimated at 56.7% of our GDP. Think about that. In a matter of hours, more than half the value of an entire year of national economic output was damaged or lost. A single event. Jamaica had prepared. Years of fiscal discipline had allowed us to build buffers. We had put in place disaster risk financing, including catastrophe insurance and an independently sponsored catastrophe bond. Those measures gave us immediate liquidity, but no level of prudent national planning can fully insulate a small, developing state from a climate event of that magnitude. And therein lies the fundamental inequity faced by small island developing states. We can do everything right. In fact, Jamaica's reforms balanced economic orthodoxy with innovation and expanded support for the most vulnerable. And yet, one hurricane could erase decades of progress. We are deeply grateful to our international partners, our CARICOM family, our Jamaican diaspora, and the thousands of individuals and organizations which stood with us during our hour of need. Jamaica has not simply resolved to recover. We have resolved to rebuild better and differently. Our resilience must not be measured by how much suffering we can withstand. It must be measured by how well we prepare, how quickly we recover, how intelligently we adapt, and whether we emerge stronger. That is why the government of Prime Minister Andrew Holness established the National Reconstruction and Resilience Authority, NaRRA. Its mandate is to drive reconstruction at speed and scale to coordinate major infrastructure projects, crowd in investment and, critically, to embed resilience in the Jamaica we are rebuilding. We are not simply replacing what Melissa has destroyed. We are building the Jamaica that must withstand the storms of tomorrow.
Read around it: ·