Representatives of the financial services sector off to China

Members of Barbados’ financial services sector will be travelling to Shanghai, China later this month to participate in the 2016 Seminar on Financial Management for Barbados.

 

This Seminar is being facilitated by the Chinese government and will run from May 19th to June 4th. A total of 20 persons, eight representatives from the Central Bank of Barbados and 12 representatives from government and private sector agencies, will be involved in the two-week training event.

 

Ambassador of the People’s Republic of China to Barbados, Wang Ke addressing a press conference this week stated that this is the fourth seminar to be hosted.

“Since 2014, that was two years, we set up this kind of bilateral seminar tailored especially for Barbados because it was raised on a proposal from the Barbadian side in order to meet your demand. Up until now, we have organised, the Chinese government have fully funded [and] organised three seminars. Mainly the seminars of trade investment, the seminar on agriculture and agro-processing and the seminar on tourist development.”

 

She further described the Seminar as timely and a good opportunity for members of the local financial services to learn more about the China’s developing economy. The Ambassador also disclosed that the Seminar will include “lectures by the officials of the People’s Bank of China” as well as opportunity for participants to be exposed to cultural projects in China and engaged with the Chinese people.

 

“I encourage you to take advantage of this Seminar, to learn more about China, the Chinese economy, Chinese financial policies and also you are encouraged to experience the Chinese culture and engage and make friends with Chinese people. Thirdly, most importantly, to discuss with your Chinese friends and mostly among yourselves how to have collaborations in the area of economy [and the] banking business in order to contribute to our bilateral relations between China and Barbados.” 

 

Also addressing the press conference, Elson Gaskin, Secretary to the Board of Directors at the Central Bank of Barbados and Team Leader during the upcoming trip, described the upcoming Seminar as an “exceptional opportunity” for participants to not only “sharpen our skills, knowledge in microfinance, bank regulations, foreign exchange management and the overall economic realities about China but also exposes us to the norms, culture and history” of the country. (MG)