Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Travel


Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

Financiers meet with OAS in Grenada on Caribbean debt
Published on November 13, 2013 Email To Friend    Print Version

ramdin_mitchell.jpg
OAS Assistant Secretary General Albert Ramdin (L) and Grenada Prime Minister Dr Keith Mitchell

ST GEORGE’S, Grenada -- Heads of some of the largest public and private financial institutions in the Caribbean gathered in Grenada recently, to meet with the prime minister of Grenada, Dr Keith Mitchell; the assistant secretary general of the Organization of American States (OAS), Albert Ramdin; and international financial experts retained by the Bertelsmann Foundation to critically examine the debt situation facing several Caribbean nations.

The discussions focused on key areas including debt restructuring and sustainable growth strategies, public-private partnerships, international debt negotiation and other related issues.

According to Mitchell, the meeting was convened at a crucial time for Grenada, since the nation “is at a crossroads in terms of development.” Extending his appreciation to Ramdin for bringing together top regional and international stakeholders, Mitchell welcomed the initiative in Grenada, saying “practical solutions are needed for the fundamental problems confronting the country.”

Describing the private meeting as “solution oriented,” Ramdin pointed out that Caribbean countries make up a significant percentage of the OAS membership, and issues affecting the subregion should be considered a priority.

“Managing smaller economies in a globalized world presents unique challenges, and I believe we must collaborate to find solutions. There can be no real progress, if our people don’t have jobs or opportunities for growth, or if our countries are almost crippled by debt,” Ramdin said.

Ramdin, who worked with the executive director of the Bertelsmann Institute, Annette Heuser, to bring in international experts added, “By sharing technical expertise, lessons learned, best practices, and facilitating healthy and transparent public-private partnerships, we can see a return to growth.”

Among the stakeholders attending the meeting were the chairman of Guardian Holdings and Neal and Massey Ltd, Arthur Lok Jack; the chairman of Republic Bank Ltd, Barbados National Bank and the National Bank of Industry and Commerce, Ronald Harford; representatives of Sagicor; the Trinidad and Tobago Manufacturers Association; RBC Caribbean; Ansa Merchant Bank; the governor of the Central Bank of Trinidad and Tobago, Jwala Rambarran; KPMG; the International Institute of Finance; the IADB; the Kiel Institute for the World Economy; Investor S.A Casa de Bolsa and several others.
 
Reads: 49209





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

Android:

IS he planning to save Grenada this time by making more debt again or his so called debt restructuring? I say we need to restructure his salary along with his counterparts. Why do we pay these jokers so much for failure anyway? He needs to be placed on a serious performance plan instead.


Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code



Please note that, if you are using an AT&T domain email address, e.g. att.net, bellsouth.net, sbcglobal.net, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: