Washington, May 10, 2020 (SKNVIBES)
The Federation’s multilateral ambassador’s in Washington and Paris joined forces this week to urge the G20 countries to rethink their financial assistance strategy towards mid-income small island developing states in a letter published in the influential Financial Times. Responding to an article in the international edition of the Financial Times highlighting the economic dependency of small islands to tourism, and the assistance needed to offset the costs of the Covid-19 pandemic resulting from lost tourism receipts.
The Federations’ Ambassadors noted that “Caribbean small island developing states (SIDS), Saint Kitts and Nevis included, constitute one of the most tourism-dependent regions worldwide, with the tourism sector recognised by the UN World Tourism Organization as a key economic driver and foreign-exchange earner”.
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