The Prime Minister of Jamaica Andrew Holness has declared optimism in the financing of the recovery of developing nations from the economic impact of the coronavirus (COVID-19) pandemic.

“I am optimistic, based on what I am seeing [and] hearing in the international community,” Mr. Holness told leaders gathered recently at a virtual High-Level Meeting of Heads of State and Government on the International Debt Architecture and Liquidity.

“Our voices are being heard, and I am expecting that we will see, in the near future, ambitious actions towards ensuring that the financing of the recovery and the emerging debt as a result, will be managed in a far more sustainable way,” he said.

The Prime Minister’s comments followed his call for critical debt relief, liquidity support, and a new international debt architecture that ensures sustainability.

Mr. Holness expressed confidence that the world will quickly return to the pathway of achieving the Sustainable Development Goals, primarily because of the impact of the pandemic on the health and education sectors.

“Almost all developing countries will recognize that the recovery will depend on increasing their social spending on health and education and to a significant degree, as well, on the development of broadband and digitization in their societies,” the Prime Minister said.

Readers Bureau, Contributor

Edited by Jesus Chan

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