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Prime Minister Hon. Roosevelt Skerrit says there is no quick fix to the current economic challenges being faced by small island states like Dominica.

Prime Minister in a recent interview with the Government Information Service (GIS) said regional economies have to make adjustments to their fiscal policies.

“They have to continue prodding on with their fiscal policies and ensuring that they can be resolved” pointed out Skerrit.

“Sometimes people believe that if you have a problem and you throw money at it then you will address it. There are structural changes that countries must make as well as fiscal policies that must be put in place” he argued.

The Prime Minister used an example of the United States to reference his point.

“We see in the United States where billions of dollars have been poured into the economy, yet still there has been no real improvement. It is going to take some time for the region to get out of its current economic situations” PM Skerrit remarked.

The Dominica leader is advocating that CARICOM spend more time talking about how the economies can be strengthened.

“I think at the CARICOM level we have to spend more time looking at the economies and talking about the struggle of the people. The CARICOM agenda sometimes is too fixed. It has to be flexible and able to address the ongoing issues.”PM Skerrit suggested.

Prime Minister Skerrit is hoping that CARICOM heads during their deliberations in 2013 will adopt a new approach and seek to address present day issues.