The United Nations Conference on Trade and Development, UNCTAD has announced the organisation will be launching a dedicated framework and platform to deliver technical assistance and capacity-building to small island developing states, including Barbados.
At the opening of a recent Trade and Development Board meeting, Secretary General Rebeca Grynspan introduced the SIDS framework as a trailblazer in the way UNCTAD will interface with its small states members.
The framework and the accompanying SIDS Trust Fund are direct outcomes of the UNCTAD 15 conference hosted by Barbados in 2021, where the outcome document, the Bridgetown Covenant, recognised the need for UNCTAD to ramp up support for small islands.
Barbados’ Ambassador to the United Nations, World Trade Organisation and other International Organisations in Geneva, Matthew Wilson welcomed the initiative.
He underscored SIDS have been at the frontlines of the poly-crisis and noting their specific vulnerabilities and needs require a dedicated focus and predictable financial and technical support.
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