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IMF approves funds for storm-hit Dominica
The Executive Board of the International Monetary Fund (IMF) on October 28, 2015 approved a disbursement of an amount of about US$8.7-million for Dominica as the island rebuilds following the ravages of Tropical Storm Erika. Deputy Managing Director and Acting Chair of the IMF, Mitsuhiro Furusawa, said an assessment report by the World Bank and the Government of Dominica estimates…
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CARICOM climate change ministers and negotiators working out COP21 strategy
CASTRIES, St. Lucia, Wednesday October 28, 2015 – CARICOM climate change negotiators and ministers began a two-day meeting in St. Lucia today, to revise and improve the region`s negotiating artillery in preparation for the 21st session of the Conference of Parties (COP 21) to the United Nations Framework Convention on Climate Change (UNFCC). This second meeting of CARICOM ministers responsible for…
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Energy efficiency centre inaugurated in Barbados
An institution that is geared at hastening CARICOM’s transition to new sustainable and clean energy production systems was inaugurated on Wednesday in Bridgetown, Barbados. The Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) is designed to assist Member States to navigate the renewable energy and energy efficiency investment climate, and support a modern energy landscape for sustainable development in…
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Regional financial services sector called on to be proactive not reactive
The Caribbean region has to take ownership of regulatory issues affecting the international financial services sector. Stakeholders in the sector must start using their high level of expertise and the Diaspora community with their vast international connections to lobby and convince international regulatory institutions of the importance of the sector for the regional economies. To change the focus from reactive…
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