CDB says air connectivity is critical for the Caribbean’s development

CDB Acting President Isaac Solomon

The Caribbean Development Bank (CDB) has voiced its support for initiatives aimed at boosting intra-regional travel, following the collapse of LIAT 1974.

The bank, however, has declined to comment on talks between CDB and the Antigua and Barbuda government about LIAT 2020.

At a press conference in Barbados, CDB’s Acting President Isaac Solomon stated that air transport is a crucial factor for the region’s development.

In his address, Solomon emphasized that connectivity is an important element in the region’s ecosystem, which includes maritime transport, air transport, and even cultural connections between various Caribbean countries.

Over the past weekend, Antigua and Barbuda Prime Minister, Gaston Browne, announced that negotiations between CDB and the government over the sale of aircraft had concluded. Browne also stated that all governments with shares in LIAT have agreed to sell them to LIAT 2020.

Meanwhile, Solomon remarked that the CDB is willing to provide assistance in resolving the air transportation limitations affecting the Caribbean.

Solomon expressed his encouragement at the number of private actors who have entered the space as part of the COVID-19 recovery.

He also recalled how difficult it once was to move from one part of the region to another, thus emphasizing the importance of connectivity in all of its dimensions.

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