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OECS needs injection of cash

Friday, August 8, 2014

KINGSTOWN—The Organisation of Eastern Caribbean States (OECS) must mobilise large sums of money if it is to address the challenges confronting its nine member countries. “And that is where we call on our development partners to appreciate the challenges with which we are confronted,” chairman of the OECS, Prime Minister of Dominica Roosevelt Skerrit, told the opening ceremony of the 59th meeting of the OECS Authority.

“The challenge which we have, with the issue of debt, the issues of our banking system, our financial system, strengthening those institutions, we are going to need an injection of serious hard financial resources to address these challenges,” he said. Skerrit said OECS leaders came to that conclusion during a meeting of the Eastern Caribbean Central Bank Monetary Council.