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Resilience Vital For The Region: A-G

Enhancing macroeconomic resilience to natural disasters was the focus of the High Level dialogue held at the Sheraton Fiji Resort and Spa on Denarau yesterday. Attorney-General Aiyaz Sayed-Kaiyum while opening
26 Jun 2015 10:08
Resilience Vital For The Region: A-G
Attorney General and Minister for Finance Aiyaz Sayed-Khaiyum, IMF Director Changyong Rhee, PNG Minister for Treasury and Ronald Cafrine Special advisor to Minister for Finance, Seychelles during the High Level Dialogue - Enhacing Macroeconomics Resilence to Natural Disasters at the Sheraton Fiji Resort and Spa in Denarau yesterday. Photo: WAISEA NASOKIA

Enhancing macroeconomic resilience to natural disasters was the focus of the High Level dialogue held at the Sheraton Fiji Resort and Spa on Denarau yesterday.
Attorney-General Aiyaz Sayed-Kaiyum while opening the meet said: “Resilience is about the ability of Governance to serve the people when they need help the most.
“It is about the ability of the Government to cushion the economic social impact of the natural disaster.
“It is about the ability of the Government to establish mechanism that can be set to motion quickly to help people to recover and resume their lives and businesses.”
He pointed out that natural disasters are contributed greatly by climate change.
“Our economies and our communities will increasingly become affected and Fiji has suffered its own share of natural disasters.
“In the last few decades, there were no fewer than 19 cyclones that had assaulted us with an average cost of the disasters were around US$33 million per disaster.”
Mr Sayed-Khaiyum pointed out that Fiji’s agriculture and the tourism sectors are the most vulnerable sectors.
“Agriculture and tourism are critical source of income and foreign exchange in most of our economies.”
Tourism for instance contributes 35 per cent towards GDP.
“Governments to cooperate disaster rehabilitation fund into their budget as loss and damage to infrastructure cause serious financial constraints on the Government.
“Budget resources are also allocated to disaster risk and climate change initiatives which include construction of sea-walls and relocation of coastal villages to higher grounds.
He said Fiji is doing its part in terms of policy direction.
This includes the Fijian Government’s green growth framework which is specifically designed to support environmentally sustainable development.
The daylong event hosted three sessions out of which the first session was chaired by the Fijian Minister for National Disaster Management Inia Seruiratu.




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