new video loaded: Mia Mottley Calls for Financial Solutions to Transition to Clean Energy
Mia Mottley Calls for Financial Solutions to Transition to Clean Energy
The prime minister of Barbados discussed her country’s eagerness and limitations to develop renewable energy infrastructures with the World Bank’s president, Ajay Banga.
“That if we continue to ask countries to continue to undertake austerity in order to fit metrics that may no longer be appropriate or useful, then you’re not going to see sustainable growth. The developed world are doing things that they tell us not to do. And even when we’re talking to children, you really don’t have credibility when you tell them, do as I say and not as I do. So the hypocrisy of the post-imperial order is really hitting us in a way that does not make it easy for us to go on. When you compound that with the reality that people will look for opportunities and jobs by moving out of the country if they can’t find a livable wage, then you are beginning to see the disparity even more because the world accommodates the movement of capital, but it doesn’t accommodate the movement of people.” “There has to be a way for institutions, not just like mine, but the I.M.F., us and others to provide some cushion there. There are intelligent ways to find our way through this. We’ve created processes to work on this. I would tell you, don’t think the door will open and the trillions will flood in. But don’t give up hope.”
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