Minister for Economy, Aiyaz Sayed-Khaiyum has told a meeting of Pacific Economic Ministers about the need to consider the measure of their country’s vulnerability to natural disasters.
He says Fiji believes the development of the vulnerability index is very critical.
While making his opening remarks at the 20th Pacific Islands Forum Economic Ministers meeting, Sayed-Khaiyum says the world saw this in Fiji last year when Cyclone Winston wiped out one third of Fiji’s total dollar value of all goods and services produced.
Pacific Islands Forum Secretary General Meg Taylor has also acknowledged Fiji’s continuos display of global leadership in the area of sustainable development.
She says the development of a regional fund would be one way to help address the Pacific’s climate financing needs.
The meeting will end tomorrow.
