United We Lend
Local Caribbean banks from the windward side of the basin are banding together to compete in a rapidly changing regional marketplace.
Despite being the first ports of call for many hurricanes,
and subject to frequent volcanic activity, the economies of the
Eastern Caribbean States have shown a remarkable degree of
resilience and stability since banding together 25 years ago.
Recently, however, they have wobbled as globalization revealed,
for example, the inefficiencies of both the sugar and banana
Lacking scale to effectively access global markets, the
Eastern Caribbean States (ECS) which lie at the windward
side of the basin and consist of Anguilla, Antigua and Barbuda,
the Commonwealth of Dominica, Grenada, Montserrat, St. Kitts
and Nevis, St. Lucia, and St. Vincent and the Grenadines
are proposing a closer economic union alongside their broader
integration into the Caribbean Single Market and Economy.
For similar reasons, a group of local Caribbean banks...
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