Caribbean Development Bank Renews Calls for LIAT Challenges to be Addressed

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The Caribbean Development Bank (CDB) has reiterated a call for urgent attention to be taken to address the challenges facing the cash-strapped, regional airline LIAT.

CDB President Dr. Warren Smith has pointed to the airline’s financial woes and the impact of high taxes on intra-regional travel.

Mr. Smith said the decline in intra-regional travel traffic is a consequence of heavy taxation that is placed on intra-regional movement.

He said there is an urgent need to address that issue as it is affecting the level of business done between Caribbean islands.