Caught in a perfect economic storm

CARICOM Heads meeting in Belize could not have been clearer about the ‘perfect storm’ that is about to strike the Caribbean.

Speaking at a post summit press conference, John Briceño and Mia Mottley, the Prime Ministers of Belize and Barbados, both stressed the importance of a unified response to the multiplicity of global economic challenges facing the region. The emphasis now, they suggested, must be on actions that result in self-reliance and resilience.

In San Pedro, CARICOM Heads agreed that the region urgently needed to implement measures intended to create self-sufficiency in food production and energy, deliver an effective and viable CSME, and more aggressively seek out the funding required to drive regional economic recovery.