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Caribbean Development Bank to co-host investor roundtable
BRIDGETOWN, Barbados: Against the backdrop of one the most turbulent
periods in financial markets in years, the Caribbean Development Bank
(CDB) will host an investor roundtable in collaboration with the
business publication Institutional Investor on the theme “Global
Imbalances and Caribbean Development”.
Over the past few
months, world oil prices have reached record highs. Prices for other
commodities such as wheat, soybean and corn are also rising, with
implications for such issues as food security in the Caribbean. Coupled
with the decline in the value of the US dollar and the likelihood of a
severe contraction in the US economy, the outlook for the global
economy is not good. By extension, Caribbean economies are likely to
suffer downturns at a time when they are trying to adjust to the
challenges posed by the dynamic trading environment.
These developments will inform the roundtable discussion, which will take place on March 26, 2008, in Port of Spain, Trinidad.
Senior
officials from CDB, the public and private sector, and the investment
community are expected to attend. Some of the questions likely to
engage their attention are: the likely effects on Caribbean economies
(particularly the critical sectors of tourism, financial services and
energy/mining) should the US economy continue its contraction or go
into recession; the implications of the high commodity prices on
economic growth and food security in Caribbean economies; the impact of
a continuing fall in the value of the US dollar; and the elements of a
regional economic policy that are most likely to be successful in
addressing the challenges posed by the changing economic environment.
Participants
will also look at how CDB can assist its borrowing member countries in
meeting the challenges and exploiting the opportunities generated by
the dynamic global environment.
Source CaribbeanNetNews
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