The Minister of Finance, Investment and Trade assumed the position of Chairman during the closing ceremony of the 46thAnnual Board of Governors Meeting of the Caribbean Development Bank on Thursday, 20th May, 2016. The Meeting which spanned over a five-day period from 16th to 20th May, 2016 was held at the Montego Bay Convention Centre in Jamaica.
This prestigious occasion presented the opportunity for finance leaders from all over the region to meet and engage in dialogue centered on this year’s theme: “Economic Growth for Transformation and Poverty Reduction” and included related seminars on topical issues specific to current matters throughout the region including concerns of Maritime Transport and Small and Medium-Sized Enterprises.
Hon. Misick, takes over the Chairmanship from Jamaica’s Minister of Finance and Public Service, Hon. Audley Shaw, CD, MP and puts the Turks and Caicos Islands in the position of hosting next year’s meeting in May 2017.
The Turks and Caicos Islands Government in its Country Strategy Paper of 2015 reported that it was considering accessing funding of US$100 million to finance a number of investment projects throughout various sectors amongst the islands.
The Minister of Finance commented that he is humbled by his appointment to the Chairmanship Board of Governors of the Caribbean Development Bank. He stated; “To continue to build on the strong foundation of working relations among government authorities as we seek practical solutions to critical issues confronting Borrowing Member Countries (BMCs).”
He went on to say that; “The ongoing proactive engagement among leaders is invaluable; bringing new possibilities and benefits that go beyond national and even regional boundaries.”
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Established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970, the Caribbean Development Bank (CDB) is a financial institution which assists its member countries in financing social and economic programs.
CDB's membership of 27 countries consists of 19 regional borrowing members including, Anguilla, Antigua and Barbuda, Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands; three regional non-borrowing members including, Brazil, Colombia, Mexico, and Venezuela; and five members from outside of the Region that includes Canada, China, Germany, Italy and United Kingdom.