Prime Minister Mark Phillips yesterday stated that the loss of US correspondent banking, the increase of the unbanked and disruption of the flow of remittances will pose serious threats to the economic and social stability of the Caribbean.
He made the statement while addressing a Caribbean Financial Access round-table in Bridgetown, Barbados.
A statement from his office said that the Prime Minister joined several CARICOM leaders at the meeting and they all voted unanimously to launch an annual US-Caribbean Banking Forum roundtable.