JIS News

The Government is actively assessing the opportunities that will emanate from the decision by the G20 Group of Countries, to provide US$1Trillion to assist in stabilising the economies of countries affected by the onset of the current global economic downturn.
Delivering the Throne Speech at the State Opening of Parliament on April 7, Governor-General, His Excellency the Most Hon. Dr. Patrick Allen, said that the G20 Group’s decision is “welcomed,” and that the administration would seek to pursue the options arising, “as are considered necessary, in the interest of the country.”
Noting the uncertainty surrounding how soon the global recession would end, and when the recovery process is likely to begin, Dr. Allen said the decision by the G20 to also establish broad, global regulatory mechanisms to prevent a recurrence of the prevailing development, is also welcomed.
“Our prospects, however, do not lie exclusively or even primarily beyond our shores. They are to be found in our minds, in our hearts, and in our own hands. The impact of the global crisis has served to highlight our vulnerability and the need to strengthen and grow our economy, to provide opportunity and prosperity for our people, and enable us better to protect ourselves from global shock,” Dr. Allen contended.

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