Jamaica among the most vulnerable small island sovereigns – report

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Aerial view of Montego Bay, Jamaica on May 24, 2017. / AFP PHOTO / Daniel SLIM (Photo credit should read DANIEL SLIM/AFP/Getty Images)
Moody’s Investors Service has listed Jamaica among the most vulnerable small island sovereigns in a report on the credit implications of climate change.
The report also noted that The Bahamas, Fiji and the Maldives, The Solomon Islands as well as St. Vincent and the Grenadines are equally at risk.
The assessment is based on a number of factors.
Moody’s says Jamaica has very low resilience due to low income levels and the government’s limited fiscal flexibility.
The report released on Tuesday said the slow, unfolding nature of climate trends and uncertainty over the specific effects and mitigating actions imply that climate change could have credit implications in the longer term.