“Many of us are forced to resort to debt financing to deal with our adaptation requirements and the cost of recovering from the damage and destruction left by extreme events,” said Saint Lucia’s sustainable development minister speaking on behalf of CARICOM at the UN Climate conference held in Peru last week.
“Furthermore, the increasing frequency of extreme weather events retards our developmental progress as we find ourselves in a constant cycle of rebuilding, rehabilitating, restoring and recovering as opposed to developing and building resilience,” he added.
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