Year: 2013
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New study finds banks show strong potential to help address climate change
WASHINGTON, CMC – A new study has found that public development banks (PDBs) in Latin America and the Caribbean provide more than US$700 billion in loans annually and possess the operational and financial heft to expand into areas, such as climate change mitigation and productive development policies. The study, released by the Inter-American Development Bank (IDB), also urges these institutions…
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Report renewable resources could provide with Caribbean with electricity needs
WASHINGTON, CMC – A report commissioned by the Inter-American Development Bank (IDB) has found that Latin America and the Caribbean’s renewable energy endowment is large enough to cover its projected 2050 electricity needs many times over. The report “Rethinking our Energy Future” argues that lower prices and new technologies are making renewables a viable alternative. It also says that solar,…
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Veteran lawyer against joining CCJ
CASTRIES, St. Lucia CMC – A member of the St. Lucia delegation that attended the constitutional talks leading to the island’s political independence from Britain more than three decades ago, says he is “dead against” breaking ties with the London-based Privy Council. Attorney Evans Calderon, one of two surviving delegates to the talks more than 34 years ago, told a…
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Thousands Gather for Protests in Brazil’s Largest Cities
SÃO PAULO, Brazil — Protesters showed up by the thousands in Brazil’s largest cities on Monday night in a remarkable display of strength for an agitation that had begun with small protests against bus-fare increases, then evolved into a broader movement by groups and individuals irate over a range of issues including the country’s high cost of living and lavish…
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Pyongyang’s quixotic diplomacy
GEORGETOWN, Guyana – The tension that has made the Korean peninsula a global flashpoint for much of 2013 appears to have subsided with the toning down of North Korea’s nuclear rhetoric directed at the South and the US and Pyongyang’s call last week for “senior level” nuclear talks with Washington. Still, the two states on the peninsula remain in a…
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WICB president meets regional dignitaries
The president of the West Indies Cricket Board (WICB) Dave Cameron has described a series of meetings he has been having with Caribbean prime ministers as “crucial” to the development of the sport in the region. Cameron's comments follow his latest round of meetings in which talks were held with St. Vincent and the Grenadines Prime Minister Ralph Gonsalves in…
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Randle to get honorary doctorate from UWI
KINGSTON, Jamaica – BUSINESSMAN AND publisher Ian Randle is to receive an honorary doctorate from the University of the West Indies (UWI). He is to be conferred at the annual graduation exercise on the St Augustine campus of the university in Trinidad and Tobago in October of this year. A pioneer in the field of Caribbean publishing, Randle founded the…
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Major credit rating agency revises Curacao’s economic outlook
NEW YORK, CMC – A major international credit rating agency has revised Curacao’s economic outlook from negative to stable. The Wall Street-based Standard & Poor’s (S&P) Ratings Service cited the government’s efforts in enhancing its financial situation as the reason for the revision. “The government raised health care and general pension premiums, as well as raised the retirement age to…
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Parliament gives green light to dangerous dog bill
PORT OF SPAIN, Trinidad, Jun 18, CMC – The Trinidad and Tobago parliament has approved legislation resulting in owners of dangerous dogs, such as pitbulls, facing a 10-year jail term and significant fine if the dog kills a person. Attorney General Anand Ramlogan, who piloted the Dog Control Bill, 2013 on Monday, said owners of these dangerous dogs would also…
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