His Excellency Mr. Colin Murdoch, Permanent Secretary of the Ministry of Foreign Affairs and International Trade and His Excellency Mr. Brian Stuart-Young, Non-Resident Ambassador of Antigua and Barbuda to the People’s Republic of China represented the Government of Antigua and Barbuda at the Sixth China-Caribbean Forum in Barbados this week.
Among the various matters discussed, the continued advancement of relations through active dialogue and cooperation remained the overall theme of the Forum.
The delegation of Antigua and Barbuda took the opportunity to address the serious matter of financial ‘De-Risking’ and its subsequent erosion of correspondent banking relationships between the financial sectors of the Caribbean and those financial sectors within more developed countries. The Prime Minister of Antigua and Barbuda, the Honourable Gaston Browne, identified this development as a new threat to the financial stability of the region, and the delegation was mandated to raise the issue during the Forum with Chinese counterpart, Vice Minister Wang Chao.
“It is hoped that the People’s Republic of China will understand the nature of this issue and advocate within meetings with international financial institutions against indiscriminate acts such as ‘De-Risking’ which ultimately destabilize the economic viability of the Caribbean Region,” according to Antigua’s Chinese Ambassador Mr. Brian Stuart-Young.