is entitled, drumblair : memories of jamaican childhood, which tells the story about the house that nurtured the brilliant and artistic manleys. but to me drumblair is not only a stunning biography about a house in which rachel manley grew up with her grandparents. to me drumblair represents a deeper narrative about a larger house, the west indies federation. when edna manley ’ s own cousin, alexander bustamante – jamaica ’ s first prime minister after independence – pulled out of the just two - year old federation in 1962 and caused the collapse of self - government for the entire west indies, dr. eric williams resorted to a new political arithmetic captured in his now famous utterance “ one from ten leaves nought ” and went on to take trinidad and tobago on the road to independence. today, caribbean leaders must consider a new drumblair, a new house. the caricom integration model birthed in august 1973 by the leaders of the then four independent countries – dr. eric williams, michael manley, errol barrow and forbes burnham – as a consolation prize to the federation has survived for more than 40 years. this is a significant achievement. in my respectful view, however, the caricom model which seeks to connect our small island states through trade and markets, has reached its limits. we need to build a new house – a new west indian national economy – that moves beyond trade and markets to one that powerfully unites all nations touched by the caribbean sea so that we can better respond to cross - cutting challenges that threaten the region ’ s future. regional central banks with their powerful development mandate must orchestrate regional solutions to what are undoubtedly regional problems, especially devising a strategy to permanently exit from the caribbean ’ s massive public debt overhang while redefining our love - hate relationship with the international financial institutions, particularly the imf. in her second book entitled “ slipstream : a daughter remembers ”, rachel manley offers a deeply moving personal account of her relationship with her father both as a child and as a woman, a father who is considered the most loved and feared, cherished and reviled, cursed and worshipped, and forgiven and unforgiven figure in jamaica ’ s history. bis central bankers ’ speeches in a most discerning passage about michael manley, that i find strikingly reminiscent of the charismatic influence of dr. eric williams on trinidad and tobago, rachel manley writes “ the island was living

while the impact on tourism and coastal systems will significantly affect household income and the economy as a whole. of particular importance are water reserves, on which both agriculture and water supply depend. the work so far undertaken by ccisc has highlighted the importance of a concrete adaptation policy as a necessary damage control measure. for this reason, under a memorandum of understanding signed with the ministry of environment and energy and the academy of athens, we have drafted the national climate change adaptation strategy ( nccas ) and we are currently elaborating on its implementation. this strategy sets out the general objectives, guiding principles and implementation tools for an effective and growth - oriented adaptation strategy, in line with european directives and international experience. moreover, it is the first step in a continuous and flexible process for planning and implementing the necessary adaptation measures at national, regional and local levels and aspires to leverage the capabilities of greece ’ s public authorities, economy and society at large, in an aim to address the impacts of climate change in coming years. more recently, last june, the bank of greece released a book entitled “ the economics of climate change ”, which provides a comprehensive, state - of - the - art review of the economics of climate change and a literature review in the emerging area of environmental macroeconomics and focuses on the design of economic policy aimed at controlling the climate externality. with this publication, the bank of greece aims, among other things, to lay the foundations for addressing the role of monetary policy under conditions of global warming and exploring the link between 3 / 4 bis central bankers'speeches monetary policy and climate change, a topic that remains high on our research agenda. it acknowledges, of course, that monetary policy is not the primary tool for tackling climate change but rather plays a supplementary role alongside fiscal, environmental and structural policies. scientific research and current developments confirm the need for a dynamic strategy and an action plan to address sustainability challenges. i am sure that the presentations during this first day of the conference, and even more so tomorrow, will shed light on crucial aspects of the path towards achieving the sustainable development goals by 2030 and beyond. i would like to congratulate the organisers for taking this initiative and wish them the best of success in this conference. 1 see www. overshootday. org / newsroom / press - release - july - 2018 - english 2 according to the united nations conference on trade and development ( unctad ), the achievement of sustainable development goals will