<p><meta name="uuid" content="uuidwyC1Nc6MgWeA" /><meta charset="utf-8" />Barbados Prime Minister Mia Mottley has claimed that the country is owed $4.9 trillion in reparations by slave-owning nations. Mottley made the statement during her lecture at the London School of Economics on Wednesday (Dec 6) while using King Charles III's comment that the "time has come" to acknowledge the enduring impact of slavery.&nbsp;</p>

<p>Mottley said conversations regarding how this debt should be repaid would be "difficult and will take time" but they needed to happen.&nbsp; &nbsp;</p>

<p>“We’re not expecting that the reparatory damages will be paid in a year, or two, or five because the extraction of wealth and the damages took place over centuries. But we are demanding that we be seen and that we are heard,” she said on Wednesday.</p>

<p>A day earlier, she met newly-appointed British foreign secretary David Cameron and discussed the bilateral relations. Pressed if the reparation talk featured during the discussion, Mottley refused to divulge anything to the media.</p>

<p>“I’m not going to get into the details of our conversation but suffice to say I think the foreign secretary will take his lead from his majesty,” she said.</p>

<p><a href="https://www.wionews.com/videos/germany-to-pay-reparations-to-jewish-survivors-in-2024-world-news-wion-605123"><strong>Watch |&nbsp;Germany to pay reparations to Jewish survivors in 2024</strong></a></p>

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<h2>Mottley's crusade against the Empire</h2>

<p>Ever since becoming the head of the island nation, Mottley has become one of the prominent voices, challenging the legacy of colonialism and demanding reparations for the damage done by the empire.&nbsp;</p>

<p>Her earlier preparation estimate was around $24tn&nbsp;which she said the UK owes to 14 countries affected by transatlantic slavery. She added that Spain owes $17.1tn, France owes $2.9tn and the Netherlands owes $4.86tn.&nbsp;</p>

<p>“These numbers, if taken out of context, can appear to be staggering. But in relation to the total wealth accumulated over a period of time, the numbers are actually minuscule,” said Mottley.</p>

<p><a href="https://www.wionews.com/world/cop27-barbados-pm-calls-to-reform-imf-and-world-bank-finds-support-from-us-france-533033" target="_blank"><strong>Also read | COP27: Barbados PM calls to reform IMF and World Bank, finds support from US, France</strong></a></p>

<p>Notably, last year, during his trip to Rwanda, King Charles III shared his "sorrow" for the suffering caused by slavery but stopped short of apology for the royal family's historic involvement in the practice.&nbsp;</p>

<p>At the peak of their powers, successive British monarchs as well as royals from other nations participated in the trade, either facilitating it or making money from it.&nbsp;</p>

<p>Although Mottley's estimates may seem outrageous but when factored the GDP amassed by the countries that enslaved the African people, it suddenly makes sense.</p>

<p><em>(With inputs from agencies)</em></p>


Barbados Prime Minister Mia Mottley has claimed that the country is owed $4.9 trillion in reparations by slave-owning nations. Mottley made the statement during her lecture at the London School of Economics on Wednesday (Dec 6) while using King Charles III's comment that the "time has come" to acknowledge the enduring impact of slavery.

Barbados Prime Minister Mia Mottley has claimed that the country is owed $4.9 trillion in reparations by slave-owning nations. Mottley made the statement during her lecture at the London School of Economics on Wednesday (Dec 6) while using King Charles III's comment that the "time has come" to acknowledge the enduring impact of slavery. Mottley said conversations regarding how this debt should be repaid would be "difficult and will take time" but they needed to happen. “We’re not expecting that the reparatory damages will be paid in a year, or two, or five because the extraction of wealth and the damages took place over centuries. But we are demanding that we be seen and that we are heard,” she said on Wednesday. A day earlier, she met newly-appointed British foreign secretary David Cameron and discussed the bilateral relations. Pressed if the reparation talk featured during the discussion, Mottley refused to divulge anything to the media. “I’m not going to get into the details of our conversation but suffice to say I think the foreign secretary will take his lead from his majesty,” she said. Watch | Germany to pay reparations to Jewish survivors in 2024 × Mottley's crusade against the Empire Ever since becoming the head of the island nation, Mottley has become one of the prominent voices, challenging the legacy of colonialism and demanding reparations for the damage done by the empire. Her earlier preparation estimate was around $24tn which she said the UK owes to 14 countries affected by transatlantic slavery. She added that Spain owes $17.1tn, France owes $2.9tn and the Netherlands owes $4.86tn. “These numbers, if taken out of context, can appear to be staggering. But in relation to the total wealth accumulated over a period of time, the numbers are actually minuscule,” said Mottley. Also read | COP27: Barbados PM calls to reform IMF and World Bank, finds support from US, France Notably, last year, during his trip to Rwanda, King Charles III shared his "sorrow" for the suffering caused by slavery but stopped short of apology for the royal family's historic involvement in the practice. At the peak of their powers, successive British monarchs as well as royals from other nations participated in the trade, either facilitating it or making money from it. Although Mottley's estimates may seem outrageous but when factored the GDP amassed by the countries that enslaved the African people, it suddenly makes sense. (With inputs from agencies)

Barbados PM Mottley demands $4.9tn in fresh calls for slavery reparations

<p>Over 77 years after the end of World War II, the world leaders gathered at the UN's climate change Conference of Parties (COP27) in Egypt, are considering reforms in two of the world's most significant financial institutions: the World Bank and International Monetary Fund. Both World Bank and the IMF were created in 1942 to help the rebuilding efforts in the countries devastated by the second World War. But in 2022, a big number of world leaders say that an overhaul of the two crucial global institutions is necessary to address the challenges posed by the growing effects of climate change worldwide.&nbsp;</p>

<p>The climate change-oriented reforms in the World Bank and IMF currently bear the face of the 'Bridgetown Initiative', named after the capital of the Caribbean nation Barbados. Prime Minister Mia Mottley put forward the initiative earlier this year by gathering economists and senior officials of the United Nations in Barbados' capital Bridgetown. The initiative called for the need to develop long-term financial instruments that can mobilise $3-4 trillion in finance for carbon-cutting projects and a mechanism for raising reconstruction grants to help nations rebuild after climate disasters.&nbsp;</p>

<p><strong>WATCH |&nbsp;<a href="https://www.wionews.com/videos/wion-climate-tracker-cop27-summit-egypt-looks-at-developed-nations-to-fulfil-financial-purpose-531945">WION Climate Tracker | COP27 Summit: Egypt looks at developed nations to fulfil financial purpose</a></strong></p>

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<p><strong>This can be done: US envoy John Kerry&nbsp;</strong></p>

<p>John Kerry, President Joe Biden’s special climate envoy, said at a Bloomberg News event on the sidelines of COP27 on Wednesday that reforming the World Bank could ensure the release of previously unavailable capital that could save lives.&nbsp;</p>

<p>"That can be done," he said, adding that if everything goes as planned, it could result in more than $1 trillion in new funding. "That’s real stuff."&nbsp;</p>

<p>President Emmanuel Macron of France said on Monday that he supported Barbados Prime Minister Mia Mottley’s plans and supported her calls for the formation of a task force that would make recommendations for new climate financing programs before the annual meetings of the World Bank and I.M.F. in Washington.&nbsp;</p>

<p>"Those institutions need to come up with concrete proposals to activate these innovative financing mechanisms, to develop access to new liquidity, new concessional financing ideas for emerging economies, to propose solutions taking into account vulnerability," Emmanuel Macron said on Monday.&nbsp;</p>

<p>The World Bank and the IMF are the products of a 1944 Bretton Woods Conference in which delegates from 44 countries gathered to design a more interconnected global financial system.&nbsp;</p>

<p>Barbados Prime Minister Mia Mottley, in her address to the world leaders on Monday, said, "Yes, it is time for us to revisit Bretton Woods."&nbsp;</p>

<p>"Yes, it is time for us to remember that those countries who sit in this room today did not exist at the time that the Bretton Woods institutions were formed for the most part. And therefore, we have not seen, we have not been heard sufficiently."&nbsp;</p>

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Over 77 years after the end of World War II, the world leaders gathered at the UN's climate change Conference of Parties (COP27) in Egypt, are considering reforms in two of the world's most significant financial institutions: the World Bank and International Monetary Fund.

Over 77 years after the end of World War II, the world leaders gathered at the UN's climate change Conference of Parties (COP27) in Egypt, are considering reforms in two of the world's most significant financial institutions: the World Bank and International Monetary Fund. Both World Bank and the IMF were created in 1942 to help the rebuilding efforts in the countries devastated by the second World War. But in 2022, a big number of world leaders say that an overhaul of the two crucial global institutions is necessary to address the challenges posed by the growing effects of climate change worldwide. The climate change-oriented reforms in the World Bank and IMF currently bear the face of the 'Bridgetown Initiative', named after the capital of the Caribbean nation Barbados. Prime Minister Mia Mottley put forward the initiative earlier this year by gathering economists and senior officials of the United Nations in Barbados' capital Bridgetown. The initiative called for the need to develop long-term financial instruments that can mobilise $3-4 trillion in finance for carbon-cutting projects and a mechanism for raising reconstruction grants to help nations rebuild after climate disasters. WATCH | WION Climate Tracker | COP27 Summit: Egypt looks at developed nations to fulfil financial purpose × This can be done: US envoy John Kerry John Kerry, President Joe Biden’s special climate envoy, said at a Bloomberg News event on the sidelines of COP27 on Wednesday that reforming the World Bank could ensure the release of previously unavailable capital that could save lives. "That can be done," he said, adding that if everything goes as planned, it could result in more than $1 trillion in new funding. "That’s real stuff." President Emmanuel Macron of France said on Monday that he supported Barbados Prime Minister Mia Mottley’s plans and supported her calls for the formation of a task force that would make recommendations for new climate financing programs before the annual meetings of the World Bank and I.M.F. in Washington. "Those institutions need to come up with concrete proposals to activate these innovative financing mechanisms, to develop access to new liquidity, new concessional financing ideas for emerging economies, to propose solutions taking into account vulnerability," Emmanuel Macron said on Monday. The World Bank and the IMF are the products of a 1944 Bretton Woods Conference in which delegates from 44 countries gathered to design a more interconnected global financial system. Barbados Prime Minister Mia Mottley, in her address to the world leaders on Monday, said, "Yes, it is time for us to revisit Bretton Woods." "Yes, it is time for us to remember that those countries who sit in this room today did not exist at the time that the Bretton Woods institutions were formed for the most part. And therefore, we have not seen, we have not been heard sufficiently." WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

COP27: Barbados PM calls to reform IMF and World Bank, finds support from US, France

At the celebration for becoming a Republic, Barbados's prime minister, Mia Mottley, declared music sensation Rihanna a national hero and wished that she may always 'shine like a diamond': referring to the global star's 2021 smash hit, 'Diamonds'.

At the celebration for becoming a Republic, Barbados's prime minister, Mia Mottley, declared music sensation Rihanna a national hero and wished that she may always 'shine like a diamond': referring to the global star's 2021 smash hit, 'Diamonds'. "On behalf of a grateful nation, but an even prouder people, we therefore present to you, the designee, for national hero of Barbados, ambassador Robyn Rihanna Fenty may you continue to shine like a diamond," said Mia Mottley as Barbados became the world’s newest republic. Also read: A new republic is born: Barbados ditches Britain's Queen Elizabeth Rihanna, looked stunning in a string-orange gown, accepted the honour while the crowd gathered for the republican ceremony cheered her on. Interestingly, Barbados' grand celebrations took place in Rihanna's hometown of Bridgetown. Prime Minister Mia Mottley also announced that the Grammy-winning artiste would be conferred with the National Hero of Barbados honour amid thunderous clapping and hooting. Also read: Barbados: Journey from being a British colony to a Republic Rihanna was called on stage to be personally congratulated by PM Mottley. "May you continue to shine like a diamond and bring honour to your nation by your works, by your actions," Mottley told Rihanna. Also read: UK fashion awards honour Virgil Abloh and other big-hitters Check out all of Rihanna's pictures and videos from the event here: View this post on Instagram A post shared by RIHANNA FRANCE 🇫🇷 (@rihannaextasy) × View this post on Instagram A post shared by 𝕽𝖎𝖍𝖆𝖓𝖓𝖆 🇧🇷 (@rihannaxbrasil) × View this post on Instagram A post shared by @BarrieHype (@barriehype) × View this post on Instagram A post shared by Rihanna (@ririfabfenty) ×

Barbados declares Rihanna 'national hero' at republic ceremony: Watch

'The pandemic has taught us that national solutions to the global problems do not work, we come to Glasgow with global ambition to save our people and planet, but we now find gaps,' says prime minister Mia Amor Mottley of Barbados.

COP26 summit: 'We do not want dreaded death sentence,' says Barbados PM Mia Amor Mottley

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Barbados PM Mottley demands $4.9tn in fresh calls for slavery reparations

COP27: Barbados PM calls to reform IMF and World Bank, finds support from US, France

Barbados declares Rihanna 'national hero' at republic ceremony: Watch

COP26 summit: 'We do not want dreaded death sentence,' says Barbados PM Mia Amor Mottley