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4 th BIENNIAL INTERNATIONAL BUSINESS BANKING AND FINANCE CONFERENCE.

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Presentation on theme: "4 th BIENNIAL INTERNATIONAL BUSINESS BANKING AND FINANCE CONFERENCE."— Presentation transcript:

1 4 th BIENNIAL INTERNATIONAL BUSINESS BANKING AND FINANCE CONFERENCE

2 CURRENT STATUS AND FACTORS  DEPENDENCE ON ECONOMIC PERFORMANCE OF NORTH AMERICA AND EUROPEAN MARKETS  HIGH ENERGY AND FOOD PRICES  TOURISM SUFFERING, UNEMPLOYMENT  STAGNATED FOREIGN DIRECT INVESTMENT  ECONOMIES NOT DIVERSIFIED  RISING DEBT LEVELS AND DEFICITS  REGIONAL PRIVATE SECTOR CLICO IMPACT SHAKEN CONFIDENCE, STOCK MARKETS SLUGGISH

3 GLOBAL FACTORS SLOWING RECOVERY  MIDDLE EAST CRISIS SUSTAINED HIGH OIL PRICES IMPACT ON CONSUMERS AND ENERGY  EUROPEAN SOVERIGN DEBT CRISIS RATING DOWNGRADES, DEBT, DEFICITS  US LABOUR AND HOUSING MARKET  JAPANESE CRISIS DEMAND, CURRENCY, DEBT  CHINA HIGH INFLATION TIGHTENING MONETARY POLICY

4 SOLUTIONS – SHORT TERM  STIMULUS AND GOVT SPENDING CONTRACTORS, SALARIES, TAX MEASURES  MANAGE DEBT AND BUDGETS TO RESTORE CONFIDENCE  IMPROVE COMPETITIVENESS AND PRODUCTIVITY OF PUBLIC AND PRIVATE SECTOR – SUSTAINABILITY  EFFECTIVELY MANAGE CLICO FALLOUT IN THE CARIBBEAN  RESTORE CONFIDENCE IN FINANCIAL REGULATORY SYSTEM  ROLE OF THE BANKING SECTOR AND CREDIT IN STIMULATING GROWTH

5 COMPETITVENESS AND INNOVATION  WORLD FORUM GLOBAL COMPETITIVENESS INDEX - BARBADOS 43 TRINIDAD ANF TOBAGO 84 GUYANA 110 WHY HAVE SMES NOT TAKEN ADVANTAGE OF CROSS BORDER OPPORTUNITIES AND CARICOM

6 CLIMATE FOR ATTRACTING INVESTMENTS  STOCK MARKETS – IPOS, NATIONAL ASSETS FOR NATIONAL INVESTMENT  DIVERSIFICATION OF ECONOMIES FROM OIL AND GAS, TOURISM  ROLE OF THE PRIVATE SECTOR AND PARTNERING WITH GOVERNMENTS  ENCOURAGE INNOVATION AND ENTREPRENEURSHIP

7 ROLE OF PUBLIC SECTOR  INCENTIVES AND NEW AREAS FOR FDI  REDUCE BUREAUCRACY - EASE OF DOING BUSINESS TTBIZLINK  SMES AS WELL AS LARGE FIRMS  FINANCIAL AND LEGAL REGULATION  TRANSPARENCY AND INTEGRITY IN PUBLIC PRACTICES PUBLIC PROCUREMENT  LABOUR RELATIONS CLIMATE  SOCIAL CLIMATE CRIME AND OTHER FACTORS, REVERSE BRAIN DRAIN

8 ROLE OF THE PRIVATE SECTOR  INVEST IN NEW OPPORTUNITIES BY PARTNERING, CLUSTERING (STILL SMALL)  HUMAN CAPITAL DEVELOPMENT AND EMPLOYMENT CREATION  INVEST IN TECHNOLOGY, MOERN PLANT AND MACHINERY  ACCESS TO FINANCE INTERNATIONAL  DREAM BIG IF COMPETITIVE AND PRODUCTIVE, THEN NO LIMIT ON MARKETS

9 OPPORTUNITIES  RENEWABLE ENERGY – GUYANA HYDRO, OTHERS SOLAR AND WIND  DEVELOP MANUFACTURING SECTOR THROUGH COMPETITIVENESS AND PRODUCTIVITY  AGRICULTURE  DOWNSTREAM ENERGY POLYPROPYLENE, POLYETHYLENE  GAS PROJECT (JAMAICA LNG), GUYANA


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