rime Minister Gaston Browne recently Chaired a meeting of a United Nations multi-nation group to begin discussions to establish the Multi-Dimensional Vulnerability Index (MVI).
This new device is intended to replace the GNP per capita device now utilized to determine eligibility of states for concessional financing.
Since many small states, including Antigua and Barbuda, have high GNP per capita measurements, they are excluded from concessional financing, even after devastating hurricanes.
The Prime Minister has pressed to have the United Nations adopt this new MVI device, in order to place many of the CARICOM island-states and other island-states in the Pacific Ocean in a position to access concessional financing.
The Prime Minister reported that the meeting was very well attended and that the arguments put forward appeared to persuade many.