Lagarde sets competitiveness goal for Caribbean

Christine Lagarde, IMF

The Caribbean has a bright future if it can get to grips with the "twin challenges of competitiveness and climate change", according to Christine Lagarde, managing director of the International Monetary Fund (IMF).

Speaking at the University of the West Indies in Jamaica last week, Lagarde insisted Caribbean economies would need to "keep a lid" on production costs if they were to compete in global markets.

"Competitiveness is vital in a region of small open economies that rely on tourism,"

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