Daraine Luton, Senior Staff Reporter
The Caribbean Community (CARICOM) has announced that it intends to approach multilateral lending agencies with proposals for debt relief and loan refinancing.
At the same time, the regional body has signalled its intent to press Venezuela to at least delay proposed changes to the PetroCaribe arrangement.
Guyana's President, Bharrat Jagdeo, head of the CARICOM prime ministerial task force charged with devising a recovery plan for the region in light of the turbulent world economic recession, has said Caribbean development may stagnate if the proposals are not taken on-board.
August 5th,2009
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