{"id":41042,"date":"2019-06-28T17:28:20","date_gmt":"2019-06-28T21:28:20","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=41042"},"modified":"2019-06-28T17:28:20","modified_gmt":"2019-06-28T21:28:20","slug":"oas-in-need-of-reform-says-antigua-and-barbuda-foreign-affairs-minister","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/oas-in-need-of-reform-says-antigua-and-barbuda-foreign-affairs-minister\/","title":{"rendered":"OAS in need of reform \u2013 says Antigua and Barbuda Foreign Affairs Minister"},"content":{"rendered":"
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Foreign Affairs Minister Paul Chet Greene says the Organisation of American States (OAS), is in need of urgent reform in order to be more relevant and \u201cmore capable of dealing with the current challenges\u201d.<\/p>

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Greene, in an address at the plenary session of the 49th General Assembly of the OAS here on Thursday listed Climate Change as one of the urgent issues.\u00a0<\/span><\/p>\n

\u201cIt affects us all in this hemisphere, but none more so than the small island-states whose very existence it threatens. The OAS fails in its responsibility when it neglects to deal with this deadly danger. It is not sufficient to suggest that the UN Committee on Climate Change handles the issue. Matters of this magnitude merit the attention of the OAS because they are material to the welfare of all of us. We should no longer hide from it. \u00a0\u00a0<\/span>It is here and it is now,\u201d he said.<\/p>

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\"\"<\/a>Greene listed another threat\u00a0\u00a0<\/span>\u2013 the phenomena of de-risking and withdrawal of correspondent banking relations from many of our countries.<\/p>

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According to Greene \u2013 the rights of people to pursue their economic development has been recognised and codified since 1966 as a fundamental human right by the United Nations.<\/p>\n

\u201cIn this connection, deprivation of CBRs (Correspondent\u00a0 Banking Relationships) is deprivation of a fundamental human right. Without CBRs, the global financial and trading system would come to a halt, and affected countries will drop into poverty from which recovery will be costly both in time and money, but more importantly in human life.\u201d<\/p>

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Green said this is a grave threat (that) \u201c has been hanging over the Caribbean now for almost half a decade; and it shows no sign of abating,\u201d adding that, in many parts of the Caribbean, the majority of banks are reduced to only one correspondent bank, and at an extremely high cost.<\/p>\n

\u201cConsequently, the cost of doing business is escalating, even as we try to cope with high debt, incurred largely to recover our countries from disasters.\u201d<\/p>

\"\"<\/a><\/div>\n

He noted that the problem is not only financial, but it is also about the rights\u00a0of states not to collapse into poverty; not to fall into unemployment; not to descend into overwhelming crime.<\/p>

\"\"<\/a><\/div>\n

\u201c Whenever this issue of de-risking and CBRs has been raised in the OAS, some countries have shunted it aside, claiming that it should be handled in financial institutions,\u201d he said.\u00a0<\/span><\/p>\n

The Foreign Affairs Minister said his country is deeply concerned that the long-established process of building consensus in the decision-making of the OAS is now being severely eroded.<\/p>\n

\u201cThis Organisation of the American States must tackle these challenges in our hemisphere because it represents our hemisphere. The OAS would be far more relevant to the times in which we live and to the peoples it serves if we give these pressing needs our urgent attention.\u201d<\/p>\n

\u201cWe want this Organisation to succeed not for the few, not even for the many, but for all without exception. Therefore, Mr. Chairman, we urge that this downward spiral be arrested and that we all commit to arresting it now,\u201d Greene said.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Foreign Affairs Minister Paul Chet Greene says the Organisation of American States (OAS), is in need of urgent reform in order to be more relevant and \u201cmore capable of dealing with the current challenges\u201d. Greene, in an address at the plenary session of the 49th General Assembly of the OAS here on Thursday listed Climate […]<\/p>\n","protected":false},"author":3,"featured_media":16180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-41042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nOAS in need of reform \u2013 says Antigua and Barbuda Foreign Affairs Minister - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/oas-in-need-of-reform-says-antigua-and-barbuda-foreign-affairs-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OAS in need of reform \u2013 says Antigua and Barbuda Foreign Affairs Minister\" \/>\n<meta property=\"og:description\" content=\"Foreign Affairs Minister Paul Chet Greene says the Organisation of American States (OAS), is in need of urgent reform in order to be more relevant and \u201cmore capable of dealing with the current challenges\u201d. 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