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WiredJa Online News

Barbados welcomes debate on de-risking

BRIDGETOWN, Barbados, Nov 21, CMC – Barbados has welcomed the decision of the London-based Financial Stability Board (FSB) to involve small open economies in the decision making process on de-risking of banks.

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  • Countries Barbados

De-risking, a worrying threat to Sustainable Growth in the Caribbean

WASHINGTON, DC., OCTOBER 7, 2016 - “A recent World Bank study has revealed that the Caribbean appeared to be the region most severely affected by the de-risking strategy.” This is the word from Jamaica's Finance Minister Audley Shaw as he addressed the IMF/World Bank Annual meeting held in Washington this week.

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  • Countries Jamaica

Caribbean leaders, at UN Assembly, decry new financial rules; stress UN role in development

26 September 2016 – Declaring that Caribbean countries are being treated “as if they are hell on earth” due to new financial rules against tax havens, Bahamian Foreign Minister Frederick Mitchell mounted the podium of the United Nations General Assembly today to denounce the “immoral” withdrawal of normal banking services that inflict hardship on ordinary citizens.

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  • Countries Bahamas
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