President Ali urges Caribbean financial sector to be more involved in regional development

“We know that this cannot be done from the savings within the region, and therefore the challenge will have to involve partnership with others.” – President Irfaan Ali

(Department of Public Information Press Release) Financial players in the Caribbean region were on Thursday morning encouraged to be part of transformational development as capital is needed for continued growth.

This was the position of His Excellency, Dr. Mohamed Irfaan Ali, who delivered a virtual keynote address at the Jamaica Stock Exchange (JSE) Regional Capital Market Conference 2023.

President Ali said this transformation, though the opportunities are present, can only come to fruition if access to finance is easily mobilised.

“The Caribbean financial sector needs to play a more instrumental role in mobilising capital to fill the region’s financial gap,” he posited.

Pointing out that the Caribbean’s financial need as far back as 2020 was more than US $10 billion, the president underscored the key role of partnership in fostering growth and development for Guyana and other Caribbean countries.

Read more at: Department of Public Information

Source: CARICOM TODAY