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  • Reducing fiscal deficit major challenge facing Barbados economy

    BRIDGETOWN, Barbados, CMC – The major challenge facing the Barbados economy is to reduce the fiscal deficit in order to determine a policy that finds the right balance between fiscal consolidation and economic expansion. Prime Minister Freundel Stuart told a one-day National Consultation on the Economy that the country is experiencing its most severe economic challenges since World War II…

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  • Dominica’s national debt in excess of EC$700 million

    ROSEAU, Dominica, CMC – Dominica’s national debt is in excess of EC$700 million (One Ec dollar = US$0.37 cents), the island’s director of audit, Clarence Christian has said. Speaking on the state-owned DBS radio, Christian said the total central government debt was EC$702.8 million with external debt accounting for EC$520.9 million. He said the value of unpaid cheques, which people…

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  • Venezuela’s President for T&T

    (Trinidad Express) Trinidad yesterday announced a visit by CARICOM Heads of State, and the leaders of several other countries including the newly elected president of Venezuela Nicolas Maduro. The announcement was made by acting Communications Minister Anil Roberts at the post-Cabinet press conference, at the Office of the Prime Minister, Port of Spain. He said that beginning on July 3rd,…

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  • St Lucia prime minister proposes overhaul of regional education system

    CASTRIES, St. Lucia, – Prime Minister Kenny Anthony is proposing major changes to the regional educational system in order to reduce the growing problem of unemployment among young people. He made the recommendations in an address to over 150 youth attending a regional conference hosted by the Caribbean Youth Empowerment Programme which highlights challenges facing youth at risk in the…

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  • EDITORIAL: Christie makes valid point

    BRIDGETOWN, Barbados – The Prime Minister of The Bahamas, Perry Christie, recently urged the international commercial banks with a presence in the region to be true partners in development with the government and people of the islands in which they operate. Mr Christie was speaking at an important conference which took place recently in The Bahamas and brought together officials…

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  • CARICOM MINISTERS IN FACT FINDING MISSION TO TCI

    (CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) A Ministerial Fact-Finding Mission from the Caribbean Community (CARICOM) ended a three-day visit to the Turks and Caicos Islands (TCI) on Wednesday 26 June. This Mission, led by the Minister of Foreign Affairs and Immigration of The Bahamas, the Honourable Frederick A. Mitchell was mandated by CARICOM’s Community to review the situation in the…

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  • PIVOTAL MEETING OF REGIONAL EPA FUNCTIONARIES TO BE CONVENED

    CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) The Caribbean Community (CARICOM) Secretariat is convening a meeting of National coordinators and heads of national implementation units of the fifteen Caribbean Forum of African, Caribbean and Pacific (CARIFORUM) States under the Economic Partnership Agreement (EPA) with the European Union. The Meeting, on 2 and 3 August in Santo Domingo, Dominican Republic, will allow…

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  • EDITORIAL: Arab Spring gets touch of samba

    BRIDGETOWN, Barbados – Amidst the proliferation of criticism the current Democratic Labour Party Government is facing by its stony silence with respect to the pressing issues facing the country, it should pay particular attention to the manner in which small issues could snowball when left to fester. The question that has to be asked is: is this decade going to…

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  • Decade-old defunct group may be the key to better US-Venezuela ties

    BOGOTA —  The 2002 snapshot shows Venezuelan President Nicolás Maduro standing on a New England tarmac with his arms draped around U.S. Secretary of State John Kerry and Rep. Gregory Meeks, D-NY. At the time they were all lawmakers. Everyone’s smiling. Despite deep economic ties, the United States and Venezuela have been at odds for years. Maduro — like his…

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  • GAO slams USAID’s Haiti rebuilding efforts

    WASHINGTON —  U.S. efforts to help rebuild Haiti after the devastating 2010 earthquake have been plagued by poor planning, delays and mistaken cost estimates that have forced many projects to be scaled back, the Government Accountability Office has concluded in a report released this month. Of the $651 million Congress allocated for Haiti reconstruction to the U.S. Agency for International…

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