The International Monetary Fund says it is prepared to intercede with European institutions as Caribbean countries continue to be critical of the international community in shifting the goalposts as it relates to the development of the international financial sector.

Dominica’s Prime Minister Roosevelt Skerrit had last month blasted the international community over its unilateral demands for tightening measures within the international financial services sector and called for a united Caribbean Community (CARICOM) approach to the situation.

Prime Minister Skerrit said that the Europeans and the Organization for Economic Cooperation and Development (OECD) among other institutions “have extended these impositions on all countries in the world” to the point that many parliaments in the Caribbean are now rushing to meet the end of month deadline or face being blacklisted.

He said even as the countries are giving assurances that they intend to meet the new measures, the goal posts are being changed even when original targets are being met.

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here