Factor climate change issues into policy decisions: A-G

Delegates at the opening of the Pacific Financial Technical Assistance Centre of the IMF Steering Committee Meeting 2018 today. Picture: SUPPLIED

Delegates at the opening of the Pacific Financial Technical Assistance Centre of the IMF Steering Committee Meeting 2018 today. Picture: SUPPLIED

Update: 6:40PM IT was best for Pacific Island States to learn from agencies like Pacific Financial Technical Assistance Centre (PFTAC) and make the decisions in the best interest of their countries.

Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum made this comment while officiating today at the PFTAC Steering Committee Meeting at the Pacific Islands Forum in Suva.

Mr Sayed-Khaiyum said Pacific Island states must have an inbuilt robustness in their economy to be able to respond to a single climatic event such as intense tropical cyclones.

He said climatic events like Tropical Cyclone Gita brought home the fact that years of development were overturned in a couple of hours.

“As politicians and technocrats, we need to factor issues such as climate change into our policy decisions and how it affects our economy and its ability to overturn years of development within a few years,” Mr Sayed-Khaiyum said.

The two-day meeting is being attended by technical experts from the financial sector, including multilateral agencies in the Pacific and heads of central banks and taxation authorities in the Pacific.

Watch related