{"id":270121,"date":"2026-03-19T06:23:43","date_gmt":"2026-03-19T10:23:43","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=270121"},"modified":"2026-03-19T06:25:49","modified_gmt":"2026-03-19T10:25:49","slug":"pm-browne-calls-for-a-realignment-of-african-and-caribbean-economies","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-browne-calls-for-a-realignment-of-african-and-caribbean-economies\/","title":{"rendered":"PM Browne calls for a realignment of African and Caribbean economies"},"content":{"rendered":"
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CMC<\/strong>– Antigua and Barbuda Prime Minister Gaston Browne has called on African and Caribbean countries to \u00a0rethink their economic policies \u00a0so as to make them more beneficial to their populations.<\/p>

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Browne made the call  while welcoming a delegation from the Regent of Abagana Kingdom located in Anambra State, Nigeria. The delegation is headed by Dr. Nwachukwu Anakwenze, who will soon be installed as King of Abagana Kingdom.<\/p>\n\n\n\n

\u201cWe have not reached our full potential because of the plundering that took place in Africa and here in the Caribbean where most economies were turned into \u2018extractive\u2019 economies with the wealth of the lands \u2026created generational wealth in Europe and elsewhere while at the same time creating poverty in both regions,\u201d  Browne said.<\/p>

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He told the delegation that he wants to see \u2018a deliberate effort\u2019 by African and Caribbean countries to change their economic systems to ensure that they operate to the benefit of the  peoples of Africa and the Caribbean.<\/p>

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He recalled the situation a few years ago when two major Canadian banks decided to move out of the region and to sell their local branches external to Antigua and Barbuda.<\/p>\n\n\n\n

But he said  that it was his administration that stepped in and told the bank owners that they must sell locally.<\/p>

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\u201cI said to them this is our time to own these branches so that the profits that they generate would remain in the lo cal economy to fund the development here in Antigua and Barbuda. It was not a \u2018sexy\u2019 idea and I was threatened and called names including \u2018Dictator\u2019, but I held firm noting that as Finance Minister the law required that I should sign the Vesting Order and I told them under no circumstances would I sign those orders,\u201d he said.<\/p>\n\n\n\n

Browne said that the branches of the banks  were eventually sold to two local banks which are now bigger and  more profitable with their profits being retained in the local economy.<\/p>

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\u201cThis is the time of bold leadership that is required because the banks and other special interests are not going to give up easily; we have to be prepared to be resolute in our decision-making,\u201d he added.<\/p>

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Prime Minister Browne said that when the European powers enslaved African peoples in the Caribbean and destabilized the economies of Africa and through slavery and colonialism kept the peoples impoverished.<\/p>\n\n\n\n

\u201cIt is not too late for us to redesign our economies to move them from extractive economies to productive economies whose revenues and economic benefits will go toward the nationals of the respective regions and change this economic system through which we are plundered,\u201d Prime Minister Browne said.<\/p>\n\n\n\n

He told the delegation he was \u201c\u2018very pleased\u201d  with their presence here, while expressing a desire to visit the-soon-to-be installed monarch in his Kingdom in the near future.<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

CMC– Antigua and Barbuda Prime Minister Gaston Browne has called on African and Caribbean countries to \u00a0rethink their economic policies \u00a0so as to make them more beneficial to their populations. Browne made the call  while welcoming a delegation from the Regent of Abagana Kingdom located in Anambra State, Nigeria. The delegation is headed by Dr. […]<\/p>\n","protected":false},"author":12,"featured_media":270122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-270121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nPM Browne calls for a realignment of African and Caribbean 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\/pm-browne-calls-for-a-realignment-of-african-and-caribbean-economies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Browne calls for a realignment of African and Caribbean economies\" \/>\n<meta property=\"og:description\" content=\"CMC– Antigua and Barbuda Prime Minister Gaston Browne has called on African and Caribbean countries to \u00a0rethink their economic policies \u00a0so as to make them more beneficial to their populations. 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