Barbados PM Offers Solution to COVID-19 Economic Fallout
(Barbados Today) Prime Minister Mia Amor Mottley is calling for the formation of a Caribbean Liquidity and Resilience Facility for small to medium size countries in the wake of the COVID-19 economic fallout.
Declaring that the “international financial system is broken”, Mottley said there needs to be systematic global solutions to a systematic global problem.
The Prime Minister was the keynote speaker at the 6th Meeting of the Caribbean Development Roundtable of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), hosted by chairman, St Vincent and the Grenadines’ Minister of Finance Camillo Gonsalves, along with executive secretary Alicia Barcena.
“One crucial stepping stone I would like to share with you is the idea of a Liquidity and Resilience Facility developed by Vera Songwe Economic Commission for Africa. Vera’s solution – and she has been working with us and we with her – addresses the illiquidity of the Government bond markets for small and med-size countries,” the PM told the forum.
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