Debt Crisis in Small States: Browne Calls for Financial Justice at UNGA

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Debt Crisis in Small States: Browne Calls for Financial Justice at UNGA

Prime Minister Gaston Browne of Antigua and Barbuda has urged the United Nations to address what he called the “injustice” of the international financial system, which he said punishes small states like his own with crippling debt.

“We are shackled by debt we did not cause,” Browne told the UN General Assembly, referring to the burden placed on Small Island Developing States (SIDS) due to climate-related disasters.

Browne advocated for the reform of the international financial architecture, proposing mechanisms like the SIDS Debt Sustainability Support Service to provide relief for states recovering from recurring disasters. He stressed that this is not charity but financial inclusion and justice.

“The time has come to lift the burdens that keep us bound to the past and unable to invest in our future,” Browne said, calling on international financial institutions to integrate mechanisms like debt-for-climate swaps and carbon pricing.

Browne’s call for reform is part of a broader push by SIDS to reshape global financial policies in favor of more vulnerable nations.

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3 COMMENTS

  1. What does he mean by justice when small states are riddled by debt due to corrupt practices. Antigua as a small state is a test case which shows how small states remain indebted due to corruption and he who spouting about debt relief knows that very much.

    You want relief so you all can continue thief…that is the real cause of the debt trap.

  2. It make no sense you go to UN and put on super hero cape and back in antigua your financially terrorize the black Antiguan and barbudans, syrians getting government contracts in solid waste and other areas displacing born Antiguans, I want financial justice from Gaston brown.

  3. GASTON BROWNE,THE SMARTEST PERSON ON THE ENTIRE PLANET. WHO TOLD YOU TO GO AND BORROW AND CANNOT REPAY YOUR NATION’S DAMN DEBTS.YOU DID SAY,YOU WERE GOING TO BORROW ANTIGUA AND BARBUDA OUT OF DEBT.THOSE WERE YOUR WORDS.HOW HAS THAT FORMULA WORKED OUT FOR YOU SO FAR.NOT EVEN THE LATE GREAT ALBERT EINSTEIN COULD FIGURED OUT YOUR CORRUPTED MATHEMATICAL FORMULA.THERE IS NO WONDER THE NATION’S MONETARY SITUATION IS SO SCREWED UP.NOW YOU ARE GOING TO THE UNITED NATIONS CRYING LIKE A BALLS-LESS PERSON,LOOKING FOR HANDOUTS.STOP YOUR CRYING,STOP YOUR CRYING NOW.FISCAL RESPONSIBILITY IS THE ORDER OF THE DAY.

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