Accredited Third States
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IMF sees strong growth, lingering risks in the Caribbean
WASHINGTON, CMC – The International Monetary Fund (IMF) says the Caribbean and other low-income countries are among the fastest-growing economies in the world, but warn that many remain vulnerable to shocks and spillovers from advanced and emerging markets. “Low-income countries have worked to develop institutional capacity and build fiscal buffers that they were able to use during the crisis, and…
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Amnesty International calls for end indefinite detention in Guantánamo Bay
LONDON, CMC – The London-based human rights watchdog, Amnesty International, has urged United States authorities to urgently end indefinite detention at Guantánamo Bay, Cuba, following reports that more than half the detainees are now on hunger strike. According to Amnesty International, it has been confirmed that 84 of the 166 detainees held at the US naval base are on hunger…
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Canadian priest murdered
PORT AU PRINCE, Haiti, CMC – Police were searching for the killers of Canadian priest who was shot outside a bank minutes after he withdrew US$1,000 on Thursday. Police said 62-year-old Richard E. Joyal had just withdrawn the money from the bank when two men on a motorcycle approached and grabbed a bag he was carrying. The passenger shot him…
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Thousands of jobs created for young Jamaicans in virtual economy
WASHINGTON, CMC– The World Bank says a ground-breaking initiative has created thousands of jobs for young Jamaicans in the virtual global economy. On Wednesday, the Washington-based financial institution announced that Digital Jam 2.0 – a digital job and market fair, has created employment for over 4,000 young people on online platforms. It has also established funds to support start-ups in…
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World Bank praises Grenada
WASHINGTON, CMC – The World Bank says Grenada has advanced towards fiscal governance and investment promotion and that it is also seeking to modernise several areas of its operations as part of a project to enhance fiscal governance and promote investment. The Washington-based financial institution said the new Keith Mitchell administration developed capacity in the conformity assessment for exported goods,…
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87 dead in Bangladesh garment factory collapse
SAVAR, Bangladesh (AP) — An eight-story building housing several garment factories collapsed near Bangladesh's capital Wednesday morning, killing at least 87 people and trapping many more in a jumbled mess of shattered concrete and bricks, officials said. The collapse stirred memories of a fatal fire at a garment factory in November that killed 112 people and raised an outcry about…
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GUEST OPINION Suffer the children, suffer the country
NEW YORK – Children are every country’s most vital resource. This is true not just morally, but also economically. Investing in the health, education, and skills of children offers the highest economic returns to a country. A new study by the UN Children’s Fund (UNICEF) shows which high-income countries are doing well when it comes to making these investments –…
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Flight Delays Pile Up After FAA Budget Cuts
It was a tough start to the week for many air travellers. Flight delays piled up all along the East Coast on Monday as thousands of air traffic controllers were forced to take an unpaid day off because of federal budget cuts. Some flights into New York, Baltimore and Washington were delayed by more than two hours as the Federal…
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Boston bomb suspect charged; religious motive seen
BOSTON (AP) — The two brothers suspected of bombing the Boston Marathon appear to have been motivated by a radical brand of Islam but do not seem connected to any Muslim terrorist groups, U.S. officials said Monday after interrogating and charging Dzhokhar Tsarnaev with crimes that could bring the death penalty. Tsarnaev, 19, was charged in his hospital room, where…
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New study calls for more funds to help Caribbean achieve climate stabilization
WASHINGTON, CMC – A new study is suggesting that nearly US$100 million would be required annually to implement key mitigation strategies in Latin America and the Caribbean. The study, which has been released here on Monday, estimates net additional costs of reducing emissions related to land use, energy and transport – the three main contributors to greenhouse gas emissions in…
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