Castries, Saint Lucia:— As part of its series of activities in promotion of financial literacy and financial inclusion, the Caribbean Association of Banks (CAB) Inc. sat with economist Jeremy Stephen to discuss how banks have been affected by the COVID-19 pandemic, how institutions across the region have responded, and what sort of changes the current crisis will eventuate.
Q. Generally speaking, how has the pandemic impacted banks within the region?
It has really placed all the banks in the region in a very terrible position, in my view. They’ve managed the fallout from the pandemic quite admirably. But when you think