His Excellency President Dr Irfaan Ali said that stakeholders are working to formulate an agreement for the establishment of a Local Content Facilitation Fund before the end of the two-day AfriCaribbean Trade and Investment Forum 2023, which is being held in Guyana.
During the opening ceremony of the event at the Marriott Hotel, today, the Head of State said that the initiative will increase cash flow for local suppliers to enhance their investments.
President Ali also spoke about the cultural, economic, historical and human ties between Africa and the Caribbean, which he listed as the “bedrock of the relationship”.
He said that the African Export-Import Bank (Afreximbank) can play an integral role in the growth of the region and charged the regional private sectors to use the bank to enhance the transportation system.
Prime Minister of Barbados, the Honourable Mia Amor Mottley; Prime Minister of St Lucia, the Honourable Philip Joseph Pierre; representatives from several African countries, members of the diplomatic community, business leaders and a number of cabinet ministers were also at the event.
