President, Irfaan Ali today has called on the regional private sector to unite, and form a business consortium to create a proposal that can address and advance the Caribbean region’s transportation system. This initiative is set to be funded by the African Export-Import Bank (Afreximbank).
Speaking at the second AfriCaribbean Trade and Investment Forum being held at the Marriott Hotel under the theme ‘Creating a Shared and Prosperous Future,’ President Ali emphasized the need for meaningful partnerships within the private sector.
He specifically addressed the maritime transport sector, highlighting the importance of efficiently moving goods through the region to support various industries, including agriculture, manufacturing, and industrial development. He noted that Caribbean leaders have shown their commitment by providing incentives for potential developers and urged the private sector to form a consortium with Afreximbank.
“I speak specifically about our maritime transport sector. We can plant and grow as much as we want. We can do agro-processing, manufacturing, and industrial development, and we can reengineer the supply chain, but we have to move things throughout the region. We must find the solution,” Ali told the attendees.
Furthermore, President Ali emphasized the role of Afreximbank in securing finances for Sustainable Development Goals (SDGs) and stressed the need for the Caribbean region to keep pace with global digitization and innovation trends.
President Ali also underscored the importance of collaboration between the Caribbean and African regions, acknowledging historical constraints resulting from colonization. He called for unity among leaders to shape a new shared future, honoring those who suffered during that period and emphasizing the potential for collaborative partnerships.
In conclusion, President Irfaan Ali’s speech at the AfriCaribbean Trade and Investment Forum highlighted the call for the private sector to take a proactive role in the development of the Caribbean transportation system, with the Afreximbank’s support.
