Afreximbank’s Presence In The Region Vital

Barbados Prime Minister, the Hon. Mia Mottley at the Opening of the AfriCaribbean Trade and Investment Forum in Barbados, 1 September 2022 (Photo via BGIS)

(Barbados Government Information Service Press Release) Prime Minister Mia Amor Mottley has suggested that the proposed establishment of an Africa Caribbean Export Import Bank in the region is critical to unlocking further economic and social benefits for the region at a time when such support is badly needed.

The Prime Minister made the assertion (Thursday) as she delivered the keynote address during the opening ceremony of the Africa Caribbean Trade and Investment Forum (ACTIF) 2022, at the Lloyd Erskine Sandiford Centre, today.

Ms. Mottley and other Caribbean leaders signed the partnership agreement with President and Chairman of the Board of Directors of the Afrieximbank, Professor Benedict Oramah.

She told the in-person and virtual audience that the bank would be accorded the same privileges and immunities here like the Caribbean Development Bank when the decision is made to set up operations.

Ms. Mottley noted that Trinidad and Tobago had led the way with the Republic Bank operations in Ghana and disclosed there were other dominant banks on the continent willing to set up in the region at a time when the decades’ dominance of Canadian banks in the Caribbean was shrinking.      

Read more at: Barbados Government Information Service

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