MOSCOW, October 25 (RIA Novosti) - The Caribbean forum is a valid platform for energy, tax and financial collaboration in the Caribbean, Deputy Managing Director for the International Monetary Fund (IMF) said.
"The Caribbean forum has been an important platform for collaboration and for advancing solutions to the difficult challenges the region faces. This year we focused squarely on three key issues that pose challenges to greater competitiveness and growth: inefficient and costly energy provision, ineffective tax regimes for investments, and fragilities in the financial sector," Mr. Min Zhu, Deputy Managing Director for the IMF, said, according to the press release published on the IMF's official website Friday.
"The IMF looks forward to continuing its collaboration with the Caribbean on tax and financial issues, including helping the authorities operationalize these into a clear policy agenda," Mr. Zhu added, stating that the energy sector "is a top priority for the region".
Different proposals on energy provision, taxation, and financial sector were discussed at the forum.
The Unlocking Economic Growth forum was held in Montego Bay, Jamaica, on October 23-24. And was the third in the series hosted by the IMF and the Government of Jamaica. It brought together finance ministers and central bank governors from across the Caribbean to tackle the key problems of the region.