More work required for ambitious reform

Former Barbados Finance Minister Chris Sinckler is warning the multilateral development system is under serious stress.

He believes small island developing states like Barbados stand to lose much more compared to developed countries.

Mr. Sinckler, Alternate Executive Director for Canada, Ireland and the Caribbean at the World Bank, was delivering the 8th Leo Leacock Memorial Lecture.

In acknowledging efforts by Barbados through its Bridgetown Initiative, he says more work will be required to push sensible, inclusive and ambitious reform.

The lecture, which formed part of activities for Small Business Week, was held under the theme “The Role of Small Firms in the Development Agenda for Small Island Developing States”.

Touching on the issue of climate change, Mr. Sinckler says small and vulnerable states lack a clearly defined and integrated climate resilience plan.

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