BREAKING NEWS: Libya plans to sink economic teeth into Caribbean – Kittitian Bank, Dominican Republic fuels, Guyanese agronomy

Recently returned to power leader of St. Kitts says Libya will build a commercial bank on that island to finance developments in the Eastern Caribbean.Flag_of_Libya

Denzil Douglas says the Libyan Investment Bank also will help diversify the local economy.

The statement says Libyan officials are in St. Lucia to talk about opening an embassy in the eastern

The North African country led by Moammar Gadhafi has sought to strengthen ties with Latin America and the Caribbean. Gadhafi continues to deny his countrymen’s involvement with the bombing of a Pan-Am flight over Lockerbie, Scotland in the 80’s.

Libya wants to build an oil refinery in the Dominican Republic and has pledged to help Guyana’s agriculture sector.

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