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Thursday, May 15, 2025

CDB head calls for implementation of CSME, improved regional travel

by

Peter Christopher
846 days ago
20230120
President of the Caribbean Development Bank Dr Hyginus 'Gene' Leon

President of the Caribbean Development Bank Dr Hyginus 'Gene' Leon

The Caribbean is in need of in­creased con­nec­tiv­i­ty as it seeks to re­cov­er fol­low­ing the COVID-19 pan­dem­ic.

This was stressed by the Pres­i­dent of the Caribbean De­vel­op­ment Bank Dr Hy­gi­nus “Gene” Leon in their An­nu­al Press Con­fer­ence held in Bar­ba­dos on Wednes­day.

The CDB pres­i­dent made the call for re­gion­al gov­ern­ments to step up with re­gard to the im­ple­men­ta­tion of the Caribbean Sin­gle Mar­ket and Econ­o­my.

“Giv­en the re­gion’s ex­pe­ri­ence over the 2020 to 2022 pe­ri­od, now is the time for us to re-imag­ine re­gion­al co-op­er­a­tion and in­te­gra­tion. And what this could mean for us as Caribbean cit­i­zens. I, there­fore, call for a re­newed com­mit­ment to ad­vance the im­ple­men­ta­tion of the Cari­com and Sin­gle Mar­ket Econ­o­my CSME, there­by im­prov­ing the lives of the re­gion’s cit­i­zens through one, in­creas­ing mar­ket ac­cess for goods, ser­vices and peo­ple pro­vid­ing economies of scale, of­fer­ing greater em­ploy­ment and busi­ness op­por­tu­ni­ties and pro­vid­ing a plat­form for in­creased in­no­va­tion and dig­i­tal­i­sa­tion,” said Leon, who al­so urged the gov­ern­ment to step in to fill the void left fol­low­ing the liq­ui­da­tion of Li­at in 2020, as he ex­plained the ab­sence of the air­line has left trans­porta­tion with­in the East Caribbean at cri­sis lev­el.

“The demise of Li­at in 2020 meant the loss of air­lift from an av­er­age of 500 week­ly flights in 2019 to 50 flights in 2022. CDB, there­fore, views de­pend­able and cost-ef­fec­tive air trans­porta­tion ser­vices as es­sen­tial for the trans­for­ma­tion of sev­er­al of the re­gion’s economies. Con­se­quent­ly, to safe­guard the re­gion’s fu­ture, gov­ern­ments need to take de­ci­sive and in­te­grat­ed ac­tion to re­form the air trans­porta­tion op­er­at­ing en­vi­ron­ment,” Leon said.

Food se­cu­ri­ty was al­so a con­cern raised by Leon, who echoed con­cerns raised by Cari­com lead­ers about the need to re­duce our food im­port bill.

“Re­cent glob­al da­ta from the Unit­ed Na­tions in­di­cates that the cost of a healthy di­et is high­est in Latin Amer­i­ca and the Caribbean, with the Caribbean, cur­rent­ly im­port­ing more than 80 per cent of the food we con­sume. Food sov­er­eign­ty must be a key col­lec­tive ob­jec­tive,” said the CDB pres­i­dent.


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