The new chair of the Caribbean Development Bank (CDB) has called on the institution to implement measures to reverse the ratings downgraded issued by Moody’s Investors Services.
St Lucia Prime Minister Dr Kenny Anthony made this call as he addressed the recent annual CDB board of governors meeting in the Cayman Islands.
(More: Moody’s downgrades the CDB)
“The Bank must move quickly to create a dedicated risk management function, adopt comprehensive asset-liability management
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