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CDB approves USD 10 million policy based loan to Grenada
BRIDGETOWN, Barbados – October 15, 2015 – The Board of Directors of the Caribbean Development Bank has approved the provision of a USD10 million loan to the Government of Grenada, to support reforms to stabilize the economy and pave the way for sustainable growth. This is the second of three Policy-Based Loans (PBLs) that have been proposed for Grenada to…
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World Food Day: Building a movement to end hunger
(FAO, Rome, 16 October, 2015 ) – Leading figures in the global fight against hunger gathered at the Milan Expo to celebrate World Food Day, marking the 70th anniversary of the foundation of FAO with appeals to speed up efforts to eradicate hunger and improve the way food is produced and consumed. FAO Director-General José Graziano da Silva thanked the world’s…
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CARICOM SG continues advocacy for concessional financing for vulnerable states
CARICOM Secretary-General Ambassador Irwin LaRocque continues to champion the cause for vulnerable states to receive concessional financing due to issues related to climate change. The Secretary-General has been focusing on this matter in many of his recent engagements and was vocal about the issue at the Small States Forum that was recently held in Peru. The Forum was held under the theme ‘Opportunities…
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Continued support for CARICOM Institutions
Despite its current economic challenges, Government remains committed to its obligations as a financial contributor to CARICOM institutions. Prime Minister Freundel Stuart gave this assurance last evening, while urging the institutions to be prudent in their spending. He was at the time delivering the feature address at the official opening of the new Caribbean Examination Council’s (CXC) Headquarters at Prince…
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CARICOM SG extends condolences to Turkey
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) CARICOM Secretary-General Ambassador Irwin LaRocque has expressed the Community’s solidarity with the Government and People of Turkey as they mourn the loss of lives from the recent tragic bombings in the capital, Ankara. Almost 100 persons were killed and scores injured from the twin explosions on 10 October. “The Caribbean Community unreservedly…
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CTU hosts regional satellite communications workshop in Trinidad
PORT-OF-SPAIN, Trinidad — An international workshop on satellite communications recently hosted by the Caribbean Telecommunications Union (CTU) will strengthen the region’s ability to stay connected to the rest of the world after an extreme weather event or natural disaster. The workshop came just two weeks after Tropical Storm Erika devastated the Eastern Caribbean island of Dominica in late August,…
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SELA starts today in Jamaica Seminar on Financing and Guarantees to support SMEs in the Caribbean
Caracas, October 15, 2015. – The city of Kingston, capital of Jamaica, will host today the “Seminar on Financing and Guarantees to support SMEs in the Caribbean”, organized by the Permanent Secretariat of Latin American and Caribbean Economic System (SELA), which seeks to advance the establishment and consolidation of security systems, created to facilitate access to credit for small and medium…
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India moves to strengthen business relations with Caribbean
India has begun courting Caribbean states to expand trade although the Asian country’s current trade volume with the Caribbean stands at mere US$1 billion. On his recent visit to the United Nations, Prime Minister Narendra Modi held separate meetings with chiefs of several Caribbean countries, including Guyana, Saint Lucia, St Vincent and the Grenada. While China can use its dollar…
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