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    • Apr 6, 2013
    • 1 min read

Financial Services in the Caribbean

Many Caribbean SIDS are heavily dependent upon tourism or are trying to diversify their agriculture based economy. Financial services sector is an attractive option. This sector has been growing and provides economic growth and creates jobs. Now this industry is stigmatized, associated with money laundry.(http://www.imf.org/external/pubs/ft/wp/2002/wp0288.pdf, Accessed on 6 April 2013)

On 3 April 2013 the international press report that the super rich have hidden 21 trillion dollars in the offshore. The sector is immoral and draws the wrong crowd. (http://www.cbc.ca/news/interactives/offshore-tax-havens/; Accessed on 6 April 2013)

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