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President Jagdeo, British PM meet this week

Jun 09, 2008 News

– to discuss financial institutions, governance, and coherence within the UN

President Bharrat Jagdeo and other Commonwealth leaders are to meet this week with British Prime Minister Gordon Brown to craft a Commonwealth position on three global issues.
Prior to his departure, in an invited comment to the Government Information News Agency (GINA) yesterday on what is expected from the meeting, President Jagdeo said issues to be discussed are the reform of international financial institutions, governance in relation to the environment, and system-wide coherence in the United Nations.
“I hope that through the interaction with some, a selected group of Heads, we’ll be able to have a position that the Commonwealth can unite around, so that in our lobbying efforts and our efforts to make changes in these areas, that we can have a more comprehensive, cohesive position.”
He said this is necessary if a space is to be carved for small developing countries, which make up the bulk of the Commonwealth within the financial institutions. President Jagdeo said these countries need to be treated fairly, and there should be adequate financial and other instruments to address their concerns.
Jagdeo said the meeting will also see the discussion of Guyana’s offer to make the country’s rainforest available to the rest of the world.
“Through the trading of eco-system services, if there is adequate compensation, if there is adequate financial flow to ensure that our people’s development aspirations are not affected, and provided it doesn’t affect our sovereignty over the rainforest, we’re prepared to work out an arrangement with the rest of the world.”
The President’s discussion on the nation’s rainforest comes after ‘positive word’ was received last month to the offer of using Guyana’s rainforest in the fight against climate change in exchange for monetary compensation.
Such an agreement could mean significant funding for countries like Guyana, which still have their rainforests intact.
Guyana is one of four countries with an intact rainforest.

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