In the capital market, we need to strengthen and finalize our pricing conventions so that there are no material gaps between reference rates and market valuation. We strongly subscribe  2  BIS central bankers’ speeches  to price discovery and we aspire to implement the principles on financial benchmarks soonest.
The reason for this is that our governments have now established by law and treaty a new entity, an OECS Economic Union, which requires a new conceptual approach to our growth and development strategies. The unit of economic activity in this new entity comprises 8 countries within a single economic and financial space.