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Wed, 08 February 2012

Caribbean seeks help with financial crisis Print E-mail
harper_golding_obama_pic.jpgCaricom heads discussed with American President Barack Obama  the impact of the financial crisis on the small democracies of the region and sought special considerations for small countries seeking international help.

That's  the word from Jamaican Prime Minister Bruce Golding on Sunday April 19, 2009  following the mid-April Summit of the Americas in Port of Spain, Trinidad.

The Caribbean heads of government and President Obama  discussed the security issues affecting the Caribbean, particularly relating to drug trafficking. Golding says  President Obama has given a commitment to strengthen  the level of regional support in this endeavour.

According to Prime Minister Golding, the American President has initially indicated an allocation of U.S. $30 million to help in strengthening security surveillance in the Caribbean region.

The Jamaican Prime Minister said Caricom heads discussed with President Obama the need for special arrangements to be implemented for Caribbean countries to enable them to compete globally.

Such arrangements include strengthening the capacity as well as the competitiveness of the small Caribbean countries without the need for them to sacrifice their social security programs such as poverty reduction strategies.

On the political front, Prime Minister Golding said he was encouraged by President Obama's frankness and transparency regarding the resolution of the over five decade-old impasse between the U.S. and Cuba.

Prime Minister Golding who said he was mandated by CARICOM to do so, discussed the need for the free trade arrangement with Canada to be asymmetrical. By  that he meant, giving the small Caribbean countries a longer period to adjust to trade liberalization, similar to what was negotiated within the European Union.

Golding said Canadian Prime Minister Stephen Harper indicated that  this was something the Canadians were willing to discuss with the Caribbean.

Prime Minister Harper also indicated the provision of an additional sixteen hundred scholarships for the Caribbean and Latin America - ten percent of which will go toward Caribbean nationals.

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