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  • Guyana: Prospects for sustained development

    KINGSTON, Jamaica – Describing for a friend my impressions of the Guyanese economy after a brief visit, I simply exclaimed: the economy is bubbling. The observant traveller needs no recourse to gross domestic product numbers, growth rates, bauxite, rice, rum production or foreign-exchange rates. The hustle and bustle is evident any day but Sunday in Georgetown, the country’s capital. It…

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  • Regional fisheries ministers meeting in Barbados

    BRIDGETOWN, Barbados, CMC – Caribbean fisheries ministers are meeting in Barbados on Friday to discuss the work of the Belize-based Caribbean Regional Fisheries Mechanism (CRFM). “This is a very important meeting in terms of forging a new strategic direction for the fisheries sector,” said CRFM Executive Director, Milton Haughton. He said the seventh meeting of the CRFM Ministerial Council will…

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  • US Vice President gives assurance WTO matter will soon be resolved

    ST JOHN’S, Antigua – US Vice President Joe Biden assured that the 10-year old online gaming dispute between Antigua & Barbuda and the United States is on the desk of President Barack Obama. That report came from Prime Minister Baldwin Spencer who met with Biden at a Caricom meeting in Trinidad this week. “He (Biden) said the matter is on…

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  • The PetroCaribe Economic Zone proposal

    GEORGETOWN, Guyana – Guyana is reportedly examining a proposal to set up a PetroCaribe Economic Zone (PEZ), made by Venezuela at the PetroCaribe summit held earlier this month in Caracas and attended by Prime Minister Samuel Hinds. According to Venezuelan Oil and Mining Minister Rafael Ramírez, this initiative will widen the role of PetroCaribe beyond the provision of oil at…

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  • European Union names first ambassador to OECS

    CASTRIES, St. Lucia, CMC – The European Union has provided more than Euro 23 million (One Euro =US$1.29 cents) in funding projects in the sub-regional Organisation of Eastern Caribbean States (OECS) since March last year. Newly appointed European Union (EU) ambassador to the OECS, Mikael Barfod, says he hopes to “maintain and strengthen” those project as he presented his credentials…

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  • Barbados ‘cut off’ due to economic development

    BRIDGETOWN, Barbados – Minister of Finance Chris Sinckler has expressed concern that the economic development of Barbados and other small open economies has been used as a “bludgeoning instrument” against them when it comes to concessional financing from entities like the World Bank and preferential access to markets internationally. Sinckler made the remarks yesterday, as he addressed the Inter-American Development…

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  • Barbados calls for assistance for countries to deal with recession

    BRIDGETOWN, Barbados, CMC – The Third Inter-American Development Bank (IDB) Annual Retreat of Caribbean Civil Society Consultative Groups (ConSoC) is ending here on Friday with Barbados urging the Washington-based financial institution to create new, interesting, innovative and adaptable strategies to countries deal with the ongoing global economic recession. “We believe that the IDB, through its extensive research and human resource…

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  • Jamaica creates FATCA intermediary

    KINGSTON, Jamaica – Jamaica plans to set up a central authority led by the central bank to report on the financial activities of US taxpayers to their government, which has been on a three-year campaign to track down tax cheats. Its the latest move by the Jamaican Government to assist local institutions to comply with a new US hegemonic tax…

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  • Trade on agenda as China’s leader visits

    PORT OF SPAIN, Trinidad – The official visit to T&T by China’s new head of state President Xi Jingping has generated different levels of expectation among Caricom member states. For the countries that have maintained strong diplomatic ties with the People’s Republic of China, the anticipation is that President Xi might unveil a new aid package specifically designed for the…

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  • UN anti-cholera plan in Haiti ‘failing’

    UN efforts to tackle cholera in Haiti are “almost non-existent”, a charity says, as the world body faces court action for inadvertently starting a cholera epidemic in the country. Late last year, the UN launched a $2.2bn-appeal (£1.5bn) to improve water supplies in Haiti. But Medecins Sans Frontieres says this has had almost no practical effect.

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