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James Lee Stancampiano Head Business Dev. South America - Enel Green Power
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Conceived in 2014 as part of the Central Bank of Barbados Distinguished Visiting Fellowship programme, the Caribbean Economic Forum tackles the many issues confronting the region, and offers its peoples the opportunity to hear from and pose their questions to leading thinkers in the field of economics, finance, and more.
In 2020, in response to the ongoing pandemic, the forum s format was revamped, transforming it from a once-a-year event into a six-part series, Caribbean Economic Forum: Beyond COVID , that featured policymakers, technical experts, and people in the trenches.
Now the series returns with a new season and new guests as the region continues to tackle the issues and attempt to find solutions that will help it adjust to and thrive in the post-COVID era.
First Citizens Bank, Independence Square. Photo: Jeff K Mayers
The Bank of Guyana claims First Citizens did not inform the financial sector regulator about its decision to buy Scotiabank s assets in that country.
In a statement on Thursday, Guyana s Central Bank said despite a notice from First Citizens published in the TT press, where the TT bank announced its intention to acquire Scotia s assets in Guyana, the regulator was not informed. First Citizens does not have a licence to operate in Guyana. First Citizens has not submitted an application in keeping with the requirements of the Financial Institutions Act to the Bank of Guyana to acquire control of a bank operating in Guyana, the statement said.
Guyana Finance Minister slams Scotia for announcing asset sale to FCB
Guyana Finance Minister Dr Ashni Singh -
Guyana’s Finance Minister Dr Ashni Singh has chastised Scotiabank’s “premature and inappropriate” announcement on Wednesday that it will sell its Guyanese assets to Trinidad and Tobago-based First Citizens bank.
In a statement from the Department of Public Information, hours after Scotiabank’s announcement, Singh said the government found the announcement unfortunate, “since section 12 of the Financial Institutions Act stipulates no financial institution may transfer the entire or a substantial part of its operations without prior approval from the Bank of Guyana.