May 29, 2013
GEORGETOWN, Guyana - The 43rd annual meeting of the Caribbean Development Bank (CDB) Board of Governors in St Lucia last week, had the aura of a stocktaking of the state the region’s economies, in a context of persistent difficulty being experienced by many of the member countries. Speeches by both Prime Minister Kenny Anthony, as host Chairman of the meeting and Dr Warren Smith, the President of the Bank, gave voice to what is a general concern in the region. There is the feeling that too many CARICOM member states are bogged down in deep financial difficulty, with a seeming inability, over the last many years, to stabilize financial systems and resume economic growth.
The Bank’s meeting follows a year in which the economy of Jamaica, in particular, has been subjected to long negotiation with the International Monetary Fund (IMF), eventually arriving at an agreement which is probably the harshest experienced by any country in the region. And not only that. For in addition, there seems much doubt, both in Jamaica and beyond, that the measures intended to ensure stabilization of the financial system, are likely to induce in the forseeable future, significant possibilities of upward movement to economic growth.
Related News
In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4...
In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4-7 July, the 18th meeting of the Bureau of the Conference of Heads of Government of the…
NATURAL DISASTER IMPACT MITIGATION: STRENGTHENING NATURAL DISASTER WARNING SYSTEMS ACROSS VULNERABLE...
The tremendous loss of life and destruction caused by the earthquake and tsunami in the Indian Ocean region on 26 December 2004 have shocked the world at large and shattered the lives of many…
CARICOM Secretariat, IMPACS webinar focuses on ‘Youth as Agents for Change in Crime Prevention’
‘Youth as Agents for Change in Crime Prevention’ will be the focus of a webinar that the Caribbean Community (CARICOM) Secretariat and the CARICOM Implementation Agency for Cr
mnurse

