MINISTER OF FINANCE Chris Sinckler wants the global community to do more to assist Caribbean countries with debt relief.
“For us small states, it is not enough to just speak almost despairingly about our negative debt matrices, as if pouring scorn on us for daring to pursue the development of our people and societies,” Sinckler said.
He was addressing delegates at the 11th Annual Meeting of the Group of Latin American and Caribbean Debt Management Specialists at the Hilton Barbados today.
Sinckler said actions by the managers of the global economic system had placed many Caribbean and Latin American countries in the “invidious position” of having to incur heavy outlays of fiscal expenditure while access to export markets was shrinking and the cost of interaction with private capital markets was increasing. (GC)
