Eastern Caribbean countries deepen ties with African nation

BASSETERRE, St Kitts, CMC – Libya is to establish a number of diplomatic and investment facilities in the Eastern Caribbean as it forges closer ties with the region, Organisation of Eastern Caribbean States (OECS) Chairman Dr Denzil Douglas has announced.

Dr Douglas, speaking from Tripoli where he held bilateral talks with the Libyan government said the OECS would also seek to establish a presence in Libya.

“We have agreed in our discussions with the Libyan Prime Minister, we have agreed to establish an OECS Diplomatic Mission in Tripoli and so over the next few weeks and months, it would be my duty as the current Chairman of the OECS to pursue this important initiative so that the Eastern Caribbean countries will have a presence in Tripoli,” said Dr Douglas, the St Kitts and Nevis Prime Minister.

He said a team from Tripoli was in St Lucia to establish the People’s Bureau of Libya in the Eastern Caribbean and discussions on the location of the Libyan Investment Company were continuing with a view that within the next few weeks OECS governments will decide where it will be established.

However, he said St Kitts and Nevis had been selected as the Eastern Caribbean home of the Libyan Investment Bank.

“The proposal that was made by the Government of St. Kitts and Nevis, when I was first here in Tripoli in July last year has been finally accepted by the Libyan government through expressions of support from the Prime Minister and will be located in St. Kitts.

“It is from this bank in the Eastern Caribbean from which investment funds will flow for the financing of important projects in the Eastern Caribbean and the wider Caribbean region,” Dr Douglas.

The Prime Minister, who was re-elected for a fourth five-year term last week, said the Libyan Investment Bank is important to St Kitts and Nevis as his administration continues efforts to diversify the national economy and seeks additional financing to support a number of important developmental projects “which are critical for the continuing advancement of the quality of life of the people of St, Kitts and Nevis”.

While in Tripoli, Prime Minister Douglas met with Libyan President, Mummar Kaddafi.

“President Kaddafi expressed his full support for the establishment of the investment bank in the Eastern Caribbean to be located in St. Kitts and Nevis and for the other initiatives to be pursued aggressively,” said Dr. Douglas.

He said he had accepted a personal invitation from Libya’s President to attend the 14th Summit of the African Union in Addis Ababa in Ethiopia followed by bi-lateral talks in Tripoli.

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  1. caribbean genius
    February 5, 2010

    To hugo

    Maybe you should shut your dumb ***, people don’t beg for direct foreign investment. You encourage investors to come invest in your country. Name one country in the world that does have foreign investments. Why you dont try to c develop dominica without investment..Idiot

  2. February 5, 2010

    Shut your trap. Anyone can advise what u saying, beg another nation for direct investment, some genius, why don’t u develop dominica without begging foreigners to invest. Now that takes real talent.

  3. caribbean genius
    February 4, 2010

    Mr P.M

    Dont sit back and wait and then beg for grant or loans, see mr douglas being proactive in getting investments for his country…

    Take note….

    Direct investments, not loans and grants..

    If you need a real advisor then i will advise you for free…

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