CDF Annual Report 2012
The Board of Directors approached 2012 with a degree of trepidation, conscious that the volatile events of November and December of 2011, which put the global financial markets on edge, could be a harbinger of things to come in the New Year. The underpinnings of the Eurozone crisis were still not satisfactorily addressed, growth in the economy of the United States of America remained slow and uncertain and the emerging economies seemed set for a slow-down which further complicated real hopes of an economic recovery in CARICOM Member States. The 2012 global economic performance confirmed these fears.