Tourism Minister and Caribbean Tourism Organization Chairman Kenneth Bryan has issued a call for more investment in the Caribbean region, not only from foreign investors, but from those within the diaspora.
Bryan, speaking at the inaugural USA-Caribbean Investment Forum at the New York Marriott Marquis on Saturday, pointed out the immense investment potential of the Caribbean for investors worldwide, but those who hail from the region have a unique opportunity to contribute to their homeland.
“Obviously, a person who comes from the region has a familiar connectivity, whether it’s a culture or a love for family members,” he said, adding that as an investor there would be a personal connection to the environment so they would want stainable projects.
Responding to questions at the forum, Bryan agreed that incentives should be considered for those from the diaspora who wish to invest in projects in their home country.
According to a CTO release on the event, Bryan said the region has long been admired for its pristine beaches, crystal-clear waters, vibrant cultures and warm people, making it an exceptional choice for investment.
He added that, as the fastest growing region for tourism, the Caribbean also faces unique challenges, such as vulnerability to climate change, a reliance on imported fossil fuels, and the need for inclusive economic growth.
He said it is the responsibility of governments to seek sustainable investment and innovation.
“Today’s travelers are increasingly conscious about the environment, and actively seek destinations and properties that embrace sustainability and eco-friendliness. Sustainable tourism is, therefore, not just a buzzword; it is a commitment that Caribbean leaders are taking seriously,” he said, according to the release.
As CTO chairman, Bryan represents 25 nations and territories of the Caribbean.
He urged attending investors to become part of the sustainable tourism development movement through projects that embrace environmentally responsible practices, such as energy-efficient designs, waste reduction and responsible water management, the release said.
He said sustainable tourism and renewable energy are on the forefront for growth, and was encouraged that G20 leaders recently committed to scaling up financing in these areas, as well as other sustainable development goals.
“As Caribbean leaders, while we welcome foreign direct investments, we remain committed to ensuring that investments in our tourism industries benefit the local population and create a positive social impact,” Bryan added.
“Sustainable tourism goes beyond greener initiatives and should also contribute to the local economy, which supports the Caribbean’s culture and traditions. It also provides a unique selling proposition in keeping with the recognition that countries should focus on attracting foreign direct investments in sectors which advance their national development objectives.”
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So he wants foreigners to invest in the economy but criticises their immigration rights? Lol.
Exactly – hypocrisy at it’s finest.
It seems the CTO loves investing in expensive hotels for their own benefit.