ST. JOHN’S, Antigua, Nov 2, CMC – Harold Lovell, the finance minister of Antigua and Barbuda has a task on his hands as it relates to the financial services sector in the Caribbean.
He is not pushing for the position of spokesman for the advocacy group that intends lobbing Caribbean Community (CARICOM) governments on the need, not only to place the sector among the agenda items for their annual summits, but to address the issue with a united voice.
“We speak with so many voices and because the level of development in the region is so uneven we cannot dispel some of the misconceptions that people have of the sector and that can only come with a strong united voice.
“In terms of how we work it out, as regards who the principal voice would be and how the mechanics would be worked out that is something we expect will emerge from the paper that is to be presented by Professor Avinash Persaud,” the chairman of the London Business School,” Lovell told the Caribbean Media Corporation (CMC).
Professor Persaud has already said that Caribbean countries cannot afford to abandon the sector because it contributes significantly to their gross domestic product (GDP).
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