David Jessop

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Articles by David Jessop

Correspondent banking is in danger of collapse

A few days ago the London Financial Times carried an interesting commentary on the growing problem that financial institutions in smaller nations such as those in the Caribbean are having in establishing or maintaining a relationship with correspondent banks in North America, Europe or other parts of the developed world.

World Bank rivals raise new issues for the Caribbean

It is probably true to say that the average person has little idea what international financial institutions like the World Bank or International Monetary Fund (IMF) do, beyond knowing that they are in some way responsible for having governments impose tough austerity measures and conditions in return for their support.

The cost of flying to the Caribbean will remain high

Despite the price of oil falling from a high of US$107 per barrel in the middle of 2014 to just over US$50 in late January 2015, this has so far failed to reduce the cost of air travel with the airlines that operate the North American and European routes that bring millions of visitors to the region each year.

The China-CELAC forum

Part 2   A few days ago, Dong Xiaojun, the Chinese Ambassador in Jamaica, wrote a commentary on the recent meetings held in Beijing between China and the Foreign Ministers of the Community of Latin American and Caribbean States (CELAC); the political grouping that includes all of the nations in the Americas other than the US and Canada, and the dependent territories The Ambassador made clear that for China the meeting on January 8 and 9 was “of milestone significance and profound influence.”

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