Prime Minister, Hon. Manasseh Sogavare has told a meeting of the head of states and governments of Alliance of Small Island States (AOSIS) that Solomon Islands fully supports the organization’s objective to push for the Adoption of Multidimensional Vulnerability Index (MVI) at the United Nations General Assembly (UNGA).
The MVI is a new data-driven index from the United Nations which seeks to increase eligibility for small island developing states (SIDS) to receive greater financing to address their unique vulnerabilities—namely, their proximity and reliance to the ocean and climate change.
Proponents of the MVI says if gross national income (GNI) alone continues to determine official development assistance (ODA) amounts and graduation levels, then many in the AOSIS are likely to lose out on critical development financing.
Addressing AOSIS leaders in New York last week, Prime Minister Sogavare said Solomon Islands fully supports the position taken by AOSIS.
He urges the body representing small Island states to call on the UN High Level Panel on the MVI to provide a timeline on delivery of the final report.
The Prime Minister further expressed support for the interim report adding, the high level report must not unnecessarily delay the process.
Solomon Islands also endorsed the call to establish Funding Arrangements to address Loss and Damage at COP27.
“We support AOSIS’s call for smooth opening and adoption of the agenda with sub-item ‘Funding Arrangement for Addressing Loss and Damage at COP 27.”
The Prime Minister adds, Solomon Islands supports the agreement to establish a new, fit-for-purpose multilateral fund for Loss and Damage, and commitment for further design and operationalization by 2023.
Prime Minister Sogavare told the Alliance of Small Island States, Solomon Islands has thrown its support behind the Vanuatu-led campaign endorsed by Forum Leaders to seek an advisory opinion on Climate Change from the International Court of Justice.
Prime Minister Sogavare also thanked the AOSIS Chair, Hon Gaston Brown for his leadership in guiding the successes achieved by AOSIS to date.
Source: PMO Media Release