By Peter Richards
PORT OF SPAIN, Trinidad, Dec 8, CMC -The executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Jose Manuel Salazar-Xirinachs, Monday said that the Caribbean is at a developmental crossroads and that the decisions made and strategies employed will determine whether the subregion escapes the middle-income trap that has bedevilled many economies.
Addressing the 22nd meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC), Salazar-Xirinachs, noted that this year’s theme focuses on how the Caribbean can unlock its development potential by enhancing growth and development through South-South Cooperation.
“This is as challenging as it is timely,” he said, noting that with just five years to 2030, the United Nations Sustainable Development Goals(SDG) are far off track, with only 17 per cent of targets expected to be met and another one-third either stalling or regressing.
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