BRIDGETOWN, Barbados - THE recent announcement by European Union officials of an investment package for the Caribbean is good news all around.
Not only is the proposal a welcome piece of information by recipient countries, which are witnessing a slowdown in capital inflows, but the announcement of the Caribbean Investment Facility (CIF) also conveys the position that there remains support within the European Union for the Caribbean contrary to views in some quarters that Europe is showing a lack of interest in its former colonies in the region.
In launching the CIF, the EU officials said the facility will mobilise additional financing from European and Caribbean development institutions to support investment projects in this region.