Effects of de-risking limit Caribbean’s access to finance

Effects of de-risking limit Caribbean’s access to finance

Wed, 17th Apr 2024 Article tags EconomyForecastingRiskAmericasCountry Analysis Caribbean financial systems have experienced more damage to correspondent banking relationships (CBRs) than has been the case in other regions, owing to the fallout from the international fight against financial crime. About 40% of correspondent banks have withdrawn from the Caribbean over the past 15 years, which has reduced…

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