Small States Not Accessing Markets On Fair Terms – PM Mottley

(Barbados Government Information Service (BGIS) Prime Minister Mia Amor Mottley has expressed concerns about small island states failing to access markets on fair terms.

Ms. Mottley highlighted correspondent banking services as an example, as she delivered the prestigious 16th Prebisch Lecture on Tuesday, at the Palais des Nations, in Geneva, on the topic: Invisible Yet Indispensable.

The Prime Minister told her global audience: “It matters not that the absence of that correspondent banking will cause our countries, our regions and our people to be cut off and be quarantined, just as lepers were in centuries past, from a global community, as we seek to buy goods and services from outside our borders.

“How will our people trade if they don’t have access to a banking system that allows them to transmit and to pay for services and goods across the borders? It is pure, unadulterated hypocrisy and at worst, contempt and insensitivity as to what happens to human beings, who happen not to live within the borders of the developed world.”

Read more at: Barbados Government Information Service

Source: CARICOM TODAY