Decreto Ministeriale 7 novembre «Modalità operative del Fondo riassicura- tivi» e Decreto Ministeriale 7 N / Member State. Reglamento de Compras y Contrataciones de Bienes, Servicios, Obras y Concesiones. Deroga el. Decreto , Decreto No. (República Dominicana. The Decree sets out rules on general provisions, special .. 76 http://
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Thank you very much for being here and joining us in this high-level roundtable on recovery and resilience in the Caribbean. It is my pleasure to welcome you here at the World Bank Group to this cause, an incredibly important and pressing issue for Caribbean nations and territories. We all saw over the last few weeks devastating hurricanes hit the Caribbean and now we are on a path for recovery and resilience.
And with this very brief introduction I would like to leave you with Dr. Thank you very much, Jorge, and I first want to welcome everybody and most of all I want to start by expressing my deepest sympathy and solidarity with the people in the Caribbean Irma and Maria brought havoc to the region, leaving a path of destruction in many countries, silencing communication, and cutting off water and electricity. In previous decades, a person in the Caribbean could generally expect to experience one Category 5 hurricane in their lifetime.
The people of the Caribbean have just experienced two Category 5 storms in just over two weeks. In the face of such frequent and severe climatic events the question today is not whether a new disaster will take place, but when and how bad will it be? For many of these small island nations every town, every street, every person has been affected by these storms. These kinds of events not only deliver a setback for the 40 million people living in the region, but also pose a real threat for the economic development of small economies and the economy of the entire region.
Many of these small economies are already burdened with high levels of debt and high economic volatility.
Together with the CARICOM countries, UN agencies and development partners, we responded swiftly and offered immediate support to assess damages and losses, respond to the disaster, dfcreto help begin recovery.
Our preliminary estimates indicate that Irma caused damages of about 14 percent of GDP for Antigua and Barbuda, for Dominica earlier estimates indicate that the total damage could reach percent of GDP.
The whole population of Barbuda has been evacuated to Antigua in what one resident called the Caribbean version of Dunkirk. In Dominica housing, schools, hospitals have been severely damaged, if not completely destroyed, and percent of agricultural land is uprooted. The challenges faced by these small islands are a stark reminder that building resilience is not optional anymore, especially for small island nations.
It is the only response to extreme weather events. First, in the wake of disasters like Irma and Maria we should channel resources quickly, flexibly, efficiently, and ensure that they reach those most adversely affected. Second, we need to make sure that we use all existing instruments and knowledge to help build resilience.
And resilience starts with ex-ante preparedness. Third, we need to think creatively and come up with innovative solutions to compounded challenges of the Caribbean: This could include designing debt for resilience initiatives, mobilizing innovative risk financing tools to better manage fiscal risks related to disorders, and mobilizing private sector participation in working out solutions.
Last, but not least, we need to decreti with governments and all of the relevant parties to help people cope with the shock. Adaptive safety nets, social protection programs like cash transfers. There are public works programs that can be scaled up after a disaster. Just yesterday I decrdto with the G-7 finance ministers and central bank governors, and Philip Hammond from the UK made a very, I think, important suggestion which is that some of the countries that have graduated from receiving concessional financing that we may create a window.
But I think the point, especially all decrego you here, we 4990-07 to think as creatively as we possibly can about how to help you build back better.
How do help you build back so that your infrastructure is more resilient. This is climate change adaptation at a very, very critical and important level. So, we are open to suggestions. But I urge you to put every single option, every single creative idea on the table so that we can respond. Now, Amina, many of you know her, but we would not have the sustainable development goals without Amina.
Thank you very much, Jim, and for inviting us to a really important event. The Secretary General was in the Caribbean just recently and so this is even more important that we are beginning now to not just walk the talk, but I think run the way that we need to.
Our discussion today is first and foremost about how to support drcreto immediate situation of the people of the Caribbean. Yet, we must also discuss two other levels of action. The longer-term situation of the Caribbean faced with more and more severe climate related shocks, and how we can extend these lessons and actions to other countries facing growing similar threats.
The Secretary General recently traveled to Antigua and Barbuda and to Dominica to show solidarity and see for himself the damage. In his comments, he summarized the need to operate at these different levels. It is coming, but decreyo enough. But also new mechanisms allowing for effective reconstruction to build resilience in relation to future storms. On the first of the three levels, solidarity must be tangible and that tangibility needs to be now.
Funds are needed to ensure that humanitarian support can be provided at scale. Many of us have demonstrated our solidarity in the short-term responses. I appeal for your participation in this important initiative of CARICOM heads of state to mobilize support from the international community to help the countries affected by Hurricanes Irma and Maria to build back better, and to put in place the building blocks for longer-term resilience in the Caribbean.
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We need to act quickly, but we need to decreho in concert. Commitment in innovative energies must be harnessed, and must not be allowed to become a source of confusion. Having alternatives can be useful for a while, but we need to converge on how to avoid them becoming part of the problem. We must connect the dots between regional knowledge and networks, and international experience and capabilities.
Secondly, we need dwcreto ensure that financing supports the longer-term resilience of those countries facing the growing threats of external shocks. We all know that Hurricane Irma was one of the most powerful storms every recorded. Yet, the sad truth is that we must expect such storms to become more frequency and possibly even more violent. We may hope for the best, but we have to plan for the worse. Yet today, finance is not aligned with the needs of investing and resilience.
We need to overcome 490-077 restrictions which limit small island states eligibility for concessionary financing by drawing on the experience of Jordan and Lebanon and extending the application of the global concessionary financing facility. Moreover, debt which should be an important development financing vehicle is currently insensitive to the impact of external shocks on the capacity of countries to pay, and so becomes a burden that seeks privilege above humanitarian needs.
Clearly, we need to work together to advance innovative approaches to debt relief for the Caribbean. Under which creditors forgo some of their claims in exchange for investments in resilience.
We need international consensus that finance decrreto to be better aligned in a changing world. Volatility can dislodge even most prudent countries from their development pathways. The UN would like to see a framework for action in aligning finance with the needs of countries facing such external shocks. Included in this should be consideration decrero, one, the changes in the eligibility criteria for concessionary finance; two, proposals to address high indebtedness in the Caribbean; three, the use of so-called state contingent debt instruments such as hurricane clauses and countercyclical loan instruments; four, accelerating a reduction in the cost of remittance transfers and support for new strategies that can support diaspora communities to invest back home.
Ultimately, we need to build a new generation of infrastructure that is more resilient, and that in turns underpins resilient economies, communities, and livelihoods. We must rebuild differently, but better. Excellencies, ladies and gentlemen, we need to advance this proposed framework for action that delivers what the Caribbean needs right now while simultaneously addressing its medium and long-term financing and investment needs.
And in delivering to the region, the international community can benefit a growing number of countries facing the challenge of financing the agenda in a world of external shocks.
Medina deroga y sustituye reglamento de compra y contrataciones públicas
Once again, let me thank you very much for giving us the opportunity to contribute to the partnership that the World Bank is leading in its effort to address this incredible tragedy for us all.
Thank you very much, Amina. Thank you, President Kim, my colleagues, prime ministers of the region, other distinguished ministers of government, governors, other representatives of regional organizations here, brothers and sisters all. We also thank you for being among the first to arrive on the scene following the recent hurricanes in the decrrto. This was one of the cecreto emphasized by my colleague Prime Minister of Dominica recently. This extraordinary meeting today follows extraordinary events.
Our region has been hit by two Category 5 hurricanes, Irma and Maria within two weeks. That has been unprecedented. Hurricane Maria went from Category 1 to Category 5 in less than 36 hours. That too is unprecedented. The year storm, colleagues, is now the new norm. We are entering 490-70 a new and unprecedented era of climate change and its grievous effects upon us all.
It took me a couple of nights to recover, to get the proper sleep. That is the extent of the problem. When I see the emotional display by colleague prime ministers publicly, I am not surprised. Deecreto Kim, our islands face the triple trap of one, severe climate impacts, high fossil fuel imports, and high levels of debt. As early as World Bank 490-0 assistance strategy for the eastern Caribbean made reference to this link between hurricanes and indebtedness. In 490-0, we experienced a viscous cycle of hurricanes followed by greater indebtedness and debt distress.
So much so that Grenada became the pioneer of the Hurricane Clause in its restructured debt arrangements. This hurricane season has been a wakeup call for all of us. We as governments may decretk to adjust our approaches through a number of measures, for example, the adoption of fiscal rules and the establishment of fiscal buffers. Secondly, the mainstream of disaster risk management and government programs and operations.
Thirdly, the adoption and enforcement of climate change, resilient building codes. Fourthly, the use of risk transfer mechanism including the CCRIF and state contingent debt instruments.
As I mentioned, Grenada has already introduced the Hurricane Clause. President Kim, a crisis is a terrible thing to waste. We are very serious about that. Time is against us. We do not have 20 to 30 years to become climate resilient; we need to achieve this in five to ten years shorter. We have a starting point for the pipeline of bankable projects. We would like to invite the World Bank to a practical retreat with public sector and private sector partners where we cement a Marshal Plan to fast track and frontload resources for Caribbean islands.
President and senior executives of 4990-07 important institution, the World Bank, we may be down but we are not out. We have not come to you as victims, we have come to you with a positive opportunity.