The Summit will be co-chaired by the Prime Minister of Dominica, Roosevelt Skerrit, and the Prime Minister of Canada, Justin Trudeau.

Skerrit, who also chairs CARICOM, said that the discussions will focus on climate change, the need to modify the international financial architecture, and the situation in Haiti. It will also promote shared priorities, including building inclusive and sustainable economies, increasing exchange, investment and multilateral collaboration.

He noted that industrialized nations are talking about establishing a $100 billion fund to help developing countries deal with the impact of climate change, but according to a new estimate, $2.3 trillion would actually be needed to address the issues associated with that problem.

Another issue of discussion at the summit has to do with the international financial architecture, noting that CARICOM has already adopted the Barbados-led Bridgetown Initiative, which aims to reform the way rich countries give funds to poor ones in the midst of a climate crisis.

“We fully support what has been put forward in the Bridgetown Initiative, which calls for a change in the way financing is made available to developing countries. Canada is part of the G7 and the G7 must really be part of this for there to be changes in international financial institutions,” he stated.

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