October 24, 2021

Caricom SG holds discussions with US Secretary of State

(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana)     Secretary-General of the Caribbean Community (CARICOM) Ambassador Irwin LaRocque had fruitful discussions with United States Secretary of State Mr Michael Pompeo at the CARICOM Secretariat Headquarters, Turkeyen, Guyana on Friday 18 September.

The discussions included exchanges on the Covid-19 Pandemic and the severe economic fall-out being experienced by CARICOM Member States, the renewal of the Caribbean Basin Trade and Partnership Act (CBPTA), the de-risking of regional banks by US financial institutions and co-operation under the Caribbean Basin Security Initiative (CBSI).

The Secretary-General took the opportunity to thank Mr Pompeo for the response by him and US Treasury Secretary Mr Steve Mnuchin to the issues raised in a letter to them by the then Chair of the Community, the Honourable Mia Mottley, Prime Minister of Barbados earlier this year. The Community sought US support for initiatives to assist in combatting among other things, the economic fall-out from the pandemic.

Ambassador LaRocque emphasised the need for CARICOM Member States to have access to concessional development financing which is denied to them due to the criteria applied of GDP per capita and the classification of Member States as middle income in that context. This access, he noted, was critical as the Region sought to emerge from the grave economic crisis brought on by Covid-19 as well as to build resilience to natural disasters.

The preceding is a press release from the Caricom Secretariat.

caribbeantradelaw

The Caribbean Trade Law and Development Blog is owned and was founded by Alicia Nicholls, B.Sc. (Hons), M.Sc. (Dist.), LL.B. (Hons), a Caribbean-based trade and development consultant. She writes and presents regularly on trade and development matters affecting the Caribbean and other small states. You can follow her on Twitter @LicyLaw. All views expressed on this Blog are Alicia's personal views and do NOT necessarily reflect the views of any institution or entity with which she may from time to time be affiliated.

View all posts by caribbeantradelaw →
%d bloggers like this: