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Movement of Capital
Regional integration is comprised of four main pillars: Economic Integration, Human and Social Development, Foreign Policy Coordination and Security Cooperation. Economic Integration means the CARICOM Single Market and Economy (CSME).…
The Revised Treaty (Article 40.1) calls on Member States to ensure the removal of the following:- restrictions on the movement of capital payments; restrictions on all current payments including payments…
Barbados and Belize currently practice exchange control with respect to some intra-CARICOM transactions. Guyana, Jamaica, Suriname and Trinidad and Tobago – (the CARICOM Member States with floating exchange rate systems)…
At the CARICOM Level (a) The Council for Finance and Planning (COFAP) – functions include: to promote and facilitate the adoption of measures for fiscal and monetary co-operation among the…
The Movement of Capital for the full functioning of the CSME depends to a large degree on two conditions already pointed out in the Revised Treaty provisions – abolishing exchange…