Finance Minister Dr. Peter Phillips - file photo
Dr. Peter Phillips, Jamaica's Finance and Planning Minister, is urging the G20 nations to carry out their promise to assist the Caribbean to mitigate the effects of the financial recession of 2008.
Dr. Phillips, speaking at a Caribbean breakfast and caucus meeting in Washington D.C on Thursday, expressed concern that the group of major economies has not kept its promise to provide financial support to the region.
He cited the region’s high debt burden, climatic vulnerabilities, along with energy insecurity..
Dr Phillips said the Caribbean was most severely affected by the recession and is the region where the effects have been the most prolonged.
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