President of Suriname His Excellency Desi Bouterse has encouraged the Region to further diversify its offerings on the economic market. He was speaking at the Opening Ceremony of the Thirty-Seventh Meeting of the Conference of the CARICOM Heads of Government on Monday July 4, 2016 in Georgetown Guyana.
President Bouterse highlighted that the Region faced a number of economic challenges especially now that other world economies were declining. According to him CARICOM Member States could no longer be dependent on extractor sectors such as oil, gold and other mining products which were now confronted with decreasing prices.
He said that although there had been recent improvements in the prices of oil and gold, the old prices for these commodities would not return in the foreseeable future. (more…)