GEORGETOWN, Guyana – Caribbean Community (CARICOM) leaders have ended their two-day retreat here indicating that the process towards a single economy within the 15-member grouping that would have gone into effect by 2015, will now “take longer than anticipated’.
The leaders from 10 of the Caribbean countries - Trinidad and Tobago, Haiti, Suriname, St. Lucia and the Bahamas prime ministers were absent – said in a statement afterwards that they would now await a restructuring of the Guyana-based CARICOM Secretariat before establishing an over-arching decision-implementation arm to ensure regional policies are adhered to.
“As regards the Single Economy, they recognised that the process towards full implementation would take longer than anticipated and agreed it may be best to pause and consolidate the gains of the Single Market before taking any further action on certain specific elements of the Single Economy, such as the creation of a single currency,” the statement said.
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May 22, 2011
Posted by Annalee Davis