Banking exodus from Caribbean on agenda of US energy security summit

With CARICOM alarmed at moves by international banks to cull their correspondent banking relationships in the Caribbean, the issue will be discussed at an energy security summit in Washington DC next week and the US administration has indicated Washington’s willingness to assist in tackling some of the issues faced.

US Vice President Joe Biden will host the U.S.-Caribbean-Central American Energy Summit on May 3 and 4 in Washington, DC and a number of high-level officials from across the region are expected to attend. President David Granger and Trinidad’s Prime Minister Dr Keith Rowley are among the Heads of State who will be in attendance.

Next week’s summit builds on the work of the Caribbean Energy Security Summit that the Vice President hosted in January 2015.