March 22, 2016
One of the challenges that we in the Caribbean face, is that we are insufficiently diversified in relation to our trading partners. You don’t want to put all of your eggs in one basket. Trade diversification makes a lot of good economic sense.
Brazil has now joined the Caribbean Development Bank (CDB). That happened in December 2015. It is now a regional non-borrowing member of the CDB; and takes its place alongside other Latin American countries like Mexico, Venezuela, Colombia. With membership, Brazil will have a seat on our Boards of Governors and Directors; will contribute to the Bank’s capital; and will have an opportunity to influence policy-making in the region. Hopefully, what it w
Low oil prices and trade with Brazil are among the places where highly indebted Caribbean countries are looking to improve their fortunes, according to William Warren Smith