The biggest concern is that as a Caribbean people we are able to unshackle our minds to appreciate for change to occur, we must look in the mirror.
In recent weeks two African development banks took root in the Caribbean with a goal to nurture economic links and fuel growth opportunities. It will be interesting to observe the extent the Development Bank of Latin America and the Caribbean (CAF) and the African Export-Import Bank (Afreximbank) are able to build a model for success that addresses ” the financial needs of stakeholders and improve the quality of life for Caribbean citizens“.
Already CAF has committed USD50 million to support the the Blue Green Bank initiative that focuses on the blue economy AND Afreximbank USD1.5 billion to finance trade and investment ties between Africa and the Caribbean by stimulating the “economic sectors, enhance trade infrastructure, and empower small to medium enterprises across the Caribbean“.
See Relevant Link: New banks open in the Caribbean
On the surface the blogmaster is happy to observe initiatives with the Motherland recognizing our cultural moorings and common challenges. Both the Caribbean and Africa currently have similar issues, we are countries struggling to unleash our potential on the world. We continue to allow our physical and mental spaces to be exploited by Western interests. The only way to break the shackles of dependency on the West – a legacy of our colonial past – is to transform how we think in order to discover new opportunities.Continue reading