Financial inclusion is the backbone of economic development in the Caribbean. Access to international trade, finance, and remittances promotes economic stability and creates growth opportunities for governments and citizens alike. But the medium that makes this possible – correspondent banking relationships – is consistently restricted or terminated. No region is more affected by these restrictions than the Caribbean.
How can the US government and the banking community work with Caribbean partners to strengthen financial inclusion? What are the implications of continued financial de-risking on US-Caribbean relations? How can the Caribbean and its partners ensure that all citizens have secure access to the global financial system?
Please join the Caribbean Initiative at the Atlantic Council on September 7 at 9:00a.m. ET, for a virtual conversation on the importance of strengthening financial inclusion in the Caribbean. The event will feature the launch of a new Caribbean Initiative Issue Brief, “Strengthening financial inclusion in the Caribbean: Making a case for correspondent banking relationships as a public good,” which argues that Caribbean economies would cease to function without access to correspondent banking relationships, yielding profound consequences for the Caribbean, the United States and the rest of the hemisphere.
Senior Director, Adrienne Arsht Latin America Center
Board Member, Founder, Caribbean Initiative
General Manager, Group Risk
Director, Financial Transparency and Regulatory Policy
US Department of Treasury
Board Director, Eastern Caribbean and Barbados
Caribbean Association of Banks
Economics Advisor, Caribbean
Inter-American Development Bank
In conversation with
Associate Director, Caribbean Initiative, Adrienne Arsht Latin America Center
The Adrienne Arsht Latin America Center broadens understanding of regional transformations and delivers constructive, results-oriented solutions to inform how the public and private sectors can advance hemispheric prosperity.