Twenty-Seventh Inter-sessional Meeting of the Conference of Heads of Government

CARICOM Heads of Government are in Placencia for the Twenty-Seventh Inter-sessional Meeting of the Conference of Heads of Government. The meeting is being held in Belize since Belize’s Prime Minister Hon. Dean Barrow takes over the Chairmanship of CARICOM from The Prime Minister of Barbados, Freundel Stuart. Prime Minister Barrow, in his opening address Thursday night, welcomed the 15 CARICOM heads of government and their delegates saying that the conference’s deliberations are always important  but the issues and challenges facing the Caribbean Community at this time are particularly pronounced One of the major issues being discussed at this year’s conference is that of de-risking by US Banks; an issue affecting the wider Caribbean Community. Prime Minister Barrow, in his address said that Caricom must be relentless in its campaign against derisking, admitting that his trip to Washington some weeks ago afforded him much  “tea and sympathy” but did not do much otherwise. PM Barrow says  the U.S.Authorities have been as good as their word and have now spoken to at least one potential correspondent bank that Belize has approached. However, the outcome of that is still pending. The prime minister suggested that the  Caricom states’ respective country banks get together across jurisdictions and as a bloc approach target banks in the U.S. for pooled correspondent services. vlcsnap-2016-02-17-11h31m14s875vlcsnap-2016-02-17-11h31m18s036

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