International
CARICOM Welcomes $5B Africa Investment Push
THE CARIBBEAN – A major economic boost could be on the way for the Caribbean as the African Export-Import bank moves to deepen trade and investment ties with CARICOM.
THE CARIBBEAN – A major economic boost could be on the way for the Caribbean as the African Export-Import bank moves to deepen trade and investment ties with CARICOM.
The bank has increased its financial commitment to the region to $5 billion USD up from $3 billion in a move aimed at expanding business opportunities between the Caribbean and Africa.
The announcement came during the recent CARICOM Heads of Government meeting in St. Kitts and Nevis.
Among the projects under discussion, a new Afreximbank Caribbean Trade Centre in Barbados along with plans for a regional export-import bank and a CARICOM payment system to make cross-border trade easier.
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