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Prime Minister Bruce Golding, has stressed the importance of the Organisation of American States (OAS), to support the call for stronger regulations of financial institutions that have an international reach.
“There is a need to rebuild global confidence. There must be synchronisation of regulatory systems. It will be a tragedy if developing countries become more excluded from global decisions”, Mr. Golding said.
The Prime Minister was discussing this and other matters during a courtesy call from the OAS Secretary General Jose Miguel Insulza, at Jamaica House on March 18.
The Prime Minister also urged the Secretary General to represent the concerns of small nations in geopolitical summits.
“There needs to be greater participation (of small countries) in global fora. We need to discuss the measures (being taken) now that will set the playing field for the next decade,” Prime Minister Golding said.
Mr. Insulza told the Prime Minister that the first concern of the OAS was to ensure that people have jobs. He noted that it was a priority of the OAS to ensure that the Inter-American Development Bank (IDB) and regional banks receive funding so that they could continue lending for good solid projects.
The Secretary General assured the Prime Minister that plans for the Summit of the Americas in Trinidad from April 17-19, were in good shape. He noted that the summit will not neglect important issues such as crime reduction and global warming.
On the matter of hemispheric security, the Prime Minister congratulated the Secretary General on the recent role that the OAS played in reducing conflict in the region.

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