PM Browne Warns of Risks In Absence of CSME

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Prime Minister Gaston Browne

Tuesday 4th September, 2018 –Prime Minister Gaston Browne has stressed the importance of the Caribbean Single Market and Economy, cautioning that the region’s survivability depends on it.

Addressing the Sixth Special Meeting of the Council for Finance and Planning (COFAP) this morning in the Barbadian Capital Bridgetown, Mr. Browne who served as chairman said there are risks of marginalization to small island states from the global trade, economic and financial systems in the absence of a Single Market and Economy.

Acknowledging that strides have been made in the single market, the Antiguan head of government believes more needs to be done in the area of the single economy.

The prime minister added that weak sovereign credit ratings have also severely reduced countries’ access to the international private capital markets, noting that “financial co-operation initiatives are therefore aimed at mobilizing financial resources within the Community and on attracting capital from new sources by enhancing the fiscal and investment regimes.”

Prime Minister Gaston Browne.