(Caribbean Community Secretariat,
Turkeyen, Greater Georgetown, Guyana) The Caribbean
Community (CARICOM) was assured of the support of
Mexico with respect to advocating for small
vulnerable economies in the upcoming meeting of the
G20 which is being hosted by Mexico in June.
The assurance came at a meeting
between CARICOM Heads of Government and the
President of Mexico His Excellency Felipe Calderon
in Cartagena de Indias, Colombia, held on Friday
prior to the Sixth Summit of the Americas being held
in that city.
The CARICOM leaders used the
opportunity to impress on their Mexican counterpart
the importance of the G20 revisiting the basic
premise upon which countries are classified in the
International Financial Institution framework. Such
classification affects the type and level of
assistance which a country can receive from the IFIs.
A number of CARICOM countries have been graduated
out of the concessional financing arrangements
because they have been classified as middle income
The Heads of Government made the
point at the meeting that consideration must be
given to special arrangements for the vulnerability
of Small Highly Indebted Middle Income Countries (SHIMICS),
a category into which many of the countries reside.
Friday’s meeting, both sides
agreed, was a prelude to the scheduled
CARICOM-Mexico Summit which will be held in Barbados
in May. President Calderon signalled that the issue
of the reform of the IFIs and the concerns of the
CARICOM countries would be placed on the G20 Agenda
and further discussions on the issue would take
place at the Barbados Summit.
Both sides also placed great
importance on stabilising global food and commodity
prices. The instability of those prices, they
agreed, increased the level of poverty and could
become a major source of social unrest.
The Leaders indicated their
disappointment in the failure of the international
community to honour pledges made to rebuild and
reconstruct Haiti following the 2010 earthquake.
They agreed that the issue would be raised during
the Sixth Summit of the Americas to remind those
countries which had made pledges to act on