April 2010


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CCMF hosts Business Executive seminar

Professor Jan Kregel to speak at upcoming regional conference

Professor Jan Kregel, Senior Scholar at Levy Economics Institute of Bard College, will deliver feature remarks at the opening ceremony of the upcoming Caribbean Business Executive seminar, organised by the Caribbean Centre for Money and Finance (CCMF). The CCMF is an economic and financial policy and research institution organised and financed by Caribbean Central Banks and The UWI, with additional support by a number of regional financial institutions.

Themed “The future of the financial services industry after the crisis,” the seminar will take place at Hyatt Regency, Port of Spain, Trinidad on April 30th, from 8am to 5pm. The formal opening will be chaired by Dr. Delisle Worrell, Governor of the Central Bank of Barbados and CCMF Executive Committee Chairman. The feature address will be delivered by Hon. Karen Nunez Tesheira, Trinidad and Tobago Minister of Finance. Professor Clement Sankat, UWI Pro Vice Chancellor and St Augustine Campus Principal, and Mr. Ewart Williams, Governor of the Central Bank of Trinidad and Tobago, will also deliver remarks.

Professor Kregel’s presentation is themed “Why the bailiouts aren’t working and why a new financial system is needed.” Professor Kregel is a senior scholar at the Levy Economics Institute of Bard College and Director of the Monetary Policy and Financial Structure Program. He currently holds the positions of Distinguished Research Professor at the Center for Full Employment and Price Stability of the University of Missouri-Kansas City and Professor of Development Finance at the Tallinn University of Technology.

Mr Paulo Nogueira Batista, Jr, a well-known Brazilian economist, is also carded to speak on “The Reform of The International Financial Architecture” in the first session of the seminar. Since April 2007, Mr Batista has been the Executive Director for South American and Caribbean Countries, representing Brazil and a group of eight countries in the region at the International Monetary Fund (IMF).

Also expected to participate are: Michael Mansoor, First Caribbean International Bank (Barbados); Clarence Tong, Mizuho Corporate Bank Limited; Suresh Sookhoo, RBTT; Carol Ann Birchwood-James, Tobago Hotel Association; Yesu Persaud, Demerara Distillers Group of Companies (Guyana); and Dodridge Miller, Sagicor Financial Corporation (Barbados).

This international conference aims to identify new strategies for growth in financial services. It is a forum for the exchange of ideas on critical business, banking and financial issues facing emerging economies in the context of a global financial and economic meltdown of unprecedented proportions. It will serve to bring together, from the Caribbean and other emerging economies, leaders of the business communities, governmental policy makers and international scholars and researchers.

Every year the CCMF organises a seminar for top Caribbean executives on a topic of current interest, with presentations by international experts and Caribbean business leaders. Last year’s seminar, held at the Seabed Conference Centre, Kingston, Jamaica on September 4th, 2009, aimed to help senior executives of the Caribbean’s business and financial companies to cope with global financial and economic turmoil. Previous seminars dealt with risk management and financial stability.

For more information, please contact the Caribbean Centre for Money and Finance at (868) 645-1174 or ccmf@sta.uwi.edu.