Faced with a multitude of challenges, including the COVID-19 pandemic, Barbados and other Caribbean governments are being urged to urgently adopt an integrated risk management system.
Caribbean Development Bank (CDB) president Dr Gene Leon thinks such an approach would help improve regional credit ratings and result in countries being able to access more affordable financing.
He was speaking yesterday at the opening of the Caribbean Regional Risk Conference 2022, which is being held virtually by the CDB and CCRIF SPC, formerly the Caribbean Catastrophe Risk Insurance Facility.
Leon said the two institutions “are currently developing an integrated sovereign risk management blueprint that can be implemented into the national platform of the respective countries”. (SC)
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