Andrew Holness|Nov 22, 2025 17:46
South Africa’s G20 presidency comes at an important time for developing and climate-vulnerable states. Jamaica supports the global effort to make growth sustainable, inclusive, and resilient.
Our experience shows the value of disciplined macro-fiscal reforms, responsible debt management, institutional strengthening, and focused pro-growth measures. These actions stabilized our economy and created space for investment in our people.
That progress is now threatened. Hurricane Melissa, a Category 5 storm, has devastated seven parishes and will place pressure on our fiscal outlook. This reflects the ongoing reality facing small island developing states.
Recovery will require strong global partnership. The IMF’s Resilience and Sustainability Trust, made possible through G20 action, remains an essential source of long-term, affordable financing. Jamaica supports its continuation and strengthening.
We also encourage the expansion of climate-focused financing tools, including thematic bonds, blended-finance options, and funding for resilient infrastructure. A rules-based global trading framework should provide predictability and flexible support for small economies, including access to risk-insurance instruments and opportunities for technological upgrading.
Integrating multidimensional vulnerability indices across international financial institutions will help countries invest in resilience without jeopardizing fiscal stability. Jamaica also supports a clear loss-and-damage financing window and a global skills and trade compact.
These steps will help ensure global systems promote resilience, stability, and shared prosperity for all nations.(Andrew Holness)
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