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Feb 17, 2016

Correspondent Banking: Priority Number 1 on CARICOM Agenda

Dean Barrow

The day and a half long Intersessional Meeting of CARICOM Regional Heads of Government concluded in the Placencia peninsula today. It was a short, but comprehensive meeting of the region’s leaders with a focus on coming up with a concrete structure and timeline to dealing with the most critical issues facing the Caribbean Community. Certainly the most pressing issue has got to be the crippling repercussions of the loss of correspondent banking relationships. Today Prime Minister and Chair of CARICOM Dean Barrow, accompanied by Secretary-General Irwin LaRocque, took a half hour break from the final session of the meeting to brief the media on decisions taken by regional heads. PM Barrow says that the issue requires a regional approach.

 

Dean Barrow, Chair, CARICOM

“We agreed to the appointment of a high level advocacy group to be led by the Prime Minister of Antigua and Barbuda, the Chair of the Finance Ministers Committee we had earlier set up. This group will be charged with the responsibility to represent the interests of the region in addressing this issue including an approach to the UN and the WTO. We’re also talking about engaging directly with the regulators particularly in the US and with Congress, certainly with as many congressional leaders as the team will be able to interface with.”

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2 Responses for “Correspondent Banking: Priority Number 1 on CARICOM Agenda”

  1. Ricky Malthus says:

    What is it that Barrow and stupid Caricom don’t understand about lost of correspondence banking
    facilities??
    All the countries must comply with the anti- illegal drug and money laundering laws. If you don’t comply, you can’t play in the economic/banking system. So quit this stupid hold out, talk to US Treasury to be in compliance and welcome back to the community of nations. Or get the hell out the system and you don’t need to comply. we will be on our own. And this idiot barrow is supposed to be a leader. He will the nation to ruination and damnation!!!!

  2. Joe says:

    That guy “Ricky Malthus”. Is a complete idiot, he hasn’t any understanding of de -risking. Simple, it’s not a problem that Caribbean community created, but the US Congress did after 9/11

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