(Barbados Nation) – President of the Caribbean Association of Industry and Commerce (CAIC) Ramesh Dookhoo has warned Caribbean governments about massive foreign direct investment (FDI) projects, which, if they fail, have the potential to pull the economy down with them.
Dookhoo made the comments against the backdrop of a decision by investors behind the US$ 3.5 billion Baha Mar project in the Bahamas to file for bankruptcy.
Described as the western hemisphere’s biggest resort project, Baha Mar had already hired about