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Barbados Central Bank Delegation Visits China

by Mike Godfrey, Lowtax.net, Washington
04 July, 2016

Barbados Central Bank Governor DeLisle Worrell recently led a delegation to Beijing, Shanghai, and Hong Kong, to strengthen the territory's ties with China.

The delegation visited the Hong Kong Monetary Authority, the Shanghai Stock Exchange, the Huawei Beijing center, and the Zizhu High Tech Zone.

They met officials from a number of government bodies including the ministries of Commerce and Foreign Affairs

Worrell and his team were briefed on China's economic development plan for 2016-20, which aims to distribute the benefits of growth widely among the population and to substantially reduce poverty levels.

The delegation also met with the People's Republic Bank of China to discuss Barbados' concerns over the de-risking strategies of international banks, which is resulting in a fall in correspondent banking relationships.

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