In a powerful address at the 80th United Nations (UN) General Assembly debate, Jamaican Prime Minister Dr. Andrew Holness condemned the failure of developed nations to fulfill their climate finance commitments and criticized the global financial system for marginalizing vulnerable states. Holness emphasized the urgent need for reforms to make the UN more inclusive and responsive to the needs of smaller nations, particularly those grappling with the escalating impacts of climate change.
Holness highlighted Jamaica’s significant strides in fiscal discipline, reducing its debt-to-GDP ratio from 144% to 62%, yet underscored the persistent challenges in accessing affordable financing. Despite limited resources, Jamaica has committed to achieving net-zero emissions by 2050 and is on track to meet its renewable energy target of 50% by 2030. However, the Prime Minister lamented that these efforts are hampered by a flawed global financing system that imposes high borrowing costs on reforming economies while ignoring their vulnerabilities.
He called out wealthy nations for repeatedly failing to deliver on their $100 billion annual climate finance pledge, describing the $800 million initial capitalisation of the COP28 loss and damage fund as grossly inadequate. Holness advocated for a new approach to measuring countries’ needs through the multidimensional vulnerability index, which would ensure fairer access to affordable loans. He also endorsed innovative financing mechanisms, such as debt-for-climate swaps and mixed funding, to attract private investment and alleviate debt burdens.
Beyond climate finance, Holness addressed the humanitarian crisis in Gaza, condemning the October 7, 2023 Hamas attack on Israel while expressing deep concern over Israel’s counteroffensive. He called for a diplomatic resolution, urging adherence to UN Security Council Resolution 242 and a ceasefire agreement that includes the release of hostages.
Turning to Haiti, Holness, who chairs the Caribbean Community (Caricom), urged UN member states to act on the Secretary-General’s recommendations by establishing a stronger hybrid mechanism to address the crisis. He stressed that security operations alone are insufficient and called for rebuilding democratic institutions, ensuring free elections, and expanding humanitarian relief once stability is restored.
Holness also highlighted the global threat posed by transnational criminal gangs, describing them as global syndicates with resources rivaling nation-states. He called for a coordinated international campaign to combat organized crime, urging full implementation of the UN’s program on small arms and light weapons.
Concluding his speech, Holness challenged the global community to address pressing issues such as climate change, debt, poverty, conflicts, and crime through collective action. “Jamaica stands ready to work with all member states in partnership and solidarity to create a future defined by peace, prosperity, and dignity for all,” he declared.