Executives of the International Monetary Fund (IMF) were recently in Dominica to discuss climate change with PM Roosevelt Skerrit. Led by the deputy managing director, Bo Li, the IMF team discussed the growing threats of climate change with Skerrit, supporting Dominica’s objective to become the first climate-resilient country in the world by 2030, and mobilizing global financing for the country’s Disaster Resilience programme.
Li said his team’s visit to Dominica was a follow-up to the IMF managing director’s visit earlier this year. He said this is to analyze and strategize on strengthening climate resilience projects across the Caribbean, with particular attention on Dominica. The team inspected the damage caused by various hurricanes and storms in Dominica, and reviewed the government’s policies for sustainable development and funding.
As we know, Dominica is susceptible to natural disasters; and there have been several of them during the last 10 years. We are here to hear the challenges to this country in dealing with natural disasters, in dealing with climate change and also the challenges of climate financing, how to finance the building of resilience, and also how the IMF can help.
Bo Li, IMF’s Deputy Managing Director
Describing the meeting with Skerrit and his cabinet productive, Li and the IMF team visited the Kalinago Territory, inspected the geothermal plant being constructed in Laudat, and saw various housing projects being executed across the Island. Skerrit thanked the Washington DC-based international monetary organization for their visit and expressed hopes over their support to make Dominica the first cllimate-resilience country in the world by 2030.
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