, private sector and citizens - accept their specific responsibilities in this regard. the governments have the responsibility for providing the environment in which economic and social development can take place, and the rights of individuals are protected. the private sector, particularly in this new era, to produce goods and services, which are internationally competitive. the citizens, to participate in political, social and economic activities, which lead to the development of the society. there are two particular examples i would want to bring to your attention. first, in the demands made by citizens on governments, we must be aware of the fact that these are financed by taxation on the public. second, in the case of loans made by banks, we must realise that these are made out of the deposits of other citizens. we need to have a knowledgeable and responsible community which, in the face of the challenging domestic and external environment, makes judicious and objective choices, to achieve our ultimate goal which is the welfare of our people.

accruing to the coffers of anguilla's treasury as a result of. ai web domain registration fees ( from companies that have set up web addresses ending with. ai ) is welcomed. long may it continue! ai holds much promise to accelerate the transformation of our region and could help propel our big push in fundamental and far - reaching ways. in the financial sector, these include enhancing : customer verification and fraud detection, forecasting accuracy, payments, financial regulation and cyber resilience. notably, it could help halt the trend of de - risking, from which our region has suffered, as correspondent banks have withdrawn services, claiming that the risks of money laundering, terrorist financing and possible fines and penalties outweigh the returns. but ai – which could help manage certain risks – also creates risks such as worker displacement and cybersecurity threats. as a region, it is imperative that we answer the question : what do we want from ai? for example, do we want a pro - worker or an antiworker ai? we must make a conscious choice. in answering this question, we ought to think about some of our most pressing problems such as climate change, crime, chronic diseases, as well as the pressing need to promote cyber and financial literacy ( along with financial resilience ) across the eccu. before i move on, i issue a word of caution. ai is only possible because of large reservoirs of data ( structured and unstructured ) and phenomenal computing power. in short, ai needs data. this is an issue of perennial struggle for our region, and we will need to address issues of data collection, storage and data governance, with some urgency, if we are to truly benefit from this technology. in this regard, i commend the uwi five islands campus in antigua and barbuda for its inaugural ai research conference held last week and prime minister browne for his vision for the campus and for digital transformation. i say to our youth, there are tremendous employment and income opportunities from this emerging area but you have to be skilled to seize them. indeed, our central bank is actively seeking to recruit data analysts and data scientists as we transform the way we work and deliver our mandates. i am pleased to note that the eccb has committed to train 500 students in generative ai and python each summer for the next 5 years starting this year. our summer camp commenced on 08 july and will run for one month. this is yet