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The Prime Min­is­ter of St. Kitts and Nevis, Dr. Ter­rance M. Drew, has called for re­form of the ar­chi­tec­ture of in­ter­na­tion­al fi­nance, stat­ing it was large­ly built in a dif­fer­ent cen­tu­ry for a dif­fer­ent world.

Drew told the 80th Ses­sion of the UN Gen­er­al As­sem­bly De­bate on Sat­ur­day that this must be done “so that it re­flects the re­al­i­ties of to­day: cli­mate risk, transna­tion­al in­equal­i­ty, and the asym­met­ric im­pacts that fall up­on the small­est and most ex­posed.

“Saint Kitts and Nevis af­firms its staunch sup­port for the Bridgetown Ini­tia­tive and with our re­gion’s clar­i­on call for fi­nan­cial and cli­mate jus­tice,” he said, stat­ing that the Bridgetown Ini­tia­tive of­fers “a prac­ti­cal, prin­ci­pled plat­form to al­ter debt dy­nam­ics, to repo­si­tion cred­it flows to­ward green in­vest­ments, and to op­er­a­tionalise liq­uid­i­ty in­stru­ments that pro­tect the vul­ner­a­ble.