{"id":270025,"date":"2026-03-18T07:43:26","date_gmt":"2026-03-18T11:43:26","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=270025"},"modified":"2026-03-18T07:44:14","modified_gmt":"2026-03-18T11:44:14","slug":"browne-urges-africa-and-caribbean-to-rebuild-extractive-economies","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/browne-urges-africa-and-caribbean-to-rebuild-extractive-economies\/","title":{"rendered":"Browne urges Africa and Caribbean to rebuild \u2018extractive\u2019 economies"},"content":{"rendered":"
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Prime Minister Gaston Browne has called on leaders in Africa and the Caribbean to overhaul their economic systems, arguing they must prioritise local development over external interests.<\/p>

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He made the remarks while welcoming a delegation led by Nwachukwu Anakwenze, regent of the Abagana Kingdom in Nigeria\u2019s Anambra State, ahead of his installation as king.<\/p>\n\n\n\n

Browne said both regions were historically shaped into \u201cextractive economies\u201d by slavery and colonialism, with wealth flowing outward rather than benefiting local populations.<\/p>

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He argued that Africa\u2019s natural resources and Caribbean agriculture helped build prosperity abroad, while leaving their own people underdeveloped.<\/p>

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\u201cWe have not reached our full potential,\u201d he said, urging coordinated action to redesign economies to ensure greater local ownership.<\/p>\n\n\n\n

As an example, Browne pointed to his government\u2019s decision to block the sale of local banking operations by Canadian institutions to foreign buyers, insisting they instead be transferred to local ownership. He said the move, though criticised at the time, has since strengthened the sector.<\/p>

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The prime minister said bold leadership would be needed to resist entrenched interests and drive reform.<\/p>\n\n\n\n

\u201cThis is the time for courage,\u201d he said. \u201cWe must remain resolute in making decisions that serve our people.\u201d<\/p>

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He added that shifting towards \u201cproductive economies\u201d \u2014 where wealth is generated and reinvested locally \u2014 would be key to long-term development.<\/p>

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Browne also welcomed closer ties with African leaders and said he hopes to visit the Abagana Kingdom in the near future.<\/p>\n

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Prime Minister Gaston Browne has called on leaders in Africa and the Caribbean to overhaul their economic systems, arguing they must prioritise local development over external interests. He made the remarks while welcoming a delegation led by Nwachukwu Anakwenze, regent of the Abagana Kingdom in Nigeria\u2019s Anambra State, ahead of his installation as king. Browne […]<\/p>\n","protected":false},"author":12,"featured_media":270026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-270025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nBrowne urges Africa and Caribbean to rebuild \u2018extractive\u2019 economies - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/browne-urges-africa-and-caribbean-to-rebuild-extractive-economies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Browne urges Africa and Caribbean to rebuild \u2018extractive\u2019 economies\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Gaston Browne has called on leaders in Africa and the Caribbean to overhaul their economic systems, arguing they must prioritise local development over external interests. 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