Accredited Third States
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World Bank outlines “bold agenda” for ending extreme poverty in the Caribbean
WASHINGTON, CMC – The World Bank has outlined a “bold agenda” for ending poverty in the developing world, including the Caribbean. “We are at an auspicious moment in history when the successes of past decades and an increasingly favorable economic outlook combine to give developing countries a chance – for the first time ever – to end extreme poverty within…
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IMF says no single bullet for Caribbean economic problems
WASHINGTON, CMC – The International Monetary Fund (IMF) says there is no “single bullet” that will allow Caribbean countries to deal with their various problems such as high debt, low growth, mitigation of vulnerabilities and strengthening financial system. The IMF said that growth in the Caribbean has stagnated in the last two decades, except in commodity exporters. The last rapid…
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Venezuela presidential race begins amid personal attacks and tension
BOGOTA — Drugs, lies and murder plots. Venezuela’s compressed presidential campaign officially begins Tuesday in a race that will determine the future of the Andean nation after the death of President Hugo Chávez, who led the country for 14 years. But the accusations and innuendos being hurled between the two main candidates are threatening to turn this into one of…
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Ban Ki-moon: Region must stick to UN goals
NEW YORK- United Nations Secretary General Ban Ki-moon is urging Caribbean and other developing countries to keep alive the promise of the Millennium Development Goals (MDGs). In a message marking 1,000 days before the target date to achieve what he described as “a vital moment in history’s largest and most successful anti-poverty push”, Ban said while a journey of a…
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Senior police officer admits setting monthly quotas for arresting Caribbean youths
NEW YORK, CMC – A high-ranking New York Police Department (NYPD) officer has acknowledged setting monthly quotas for summonses, arrests and stop and frisks of Caribbean and other minority youths while heading a Brooklyn, New York police precinct. “I set a standard that said do your job or suffer the consequences,” Deputy Chief Michael Marino admitted on the stand in…
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Mandela back in hospital
JOHANNESBURG (AP) — Nelson Mandela, the anti-apartheid leader who became South Africa's first black president, has been admitted to a hospital with a recurring lung infection, South Africa said today. Mandela, 94, has become increasingly frail in recent years and has been hospitalized several times since last year, most recently earlier this month when he underwent what authorities said was…
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US regulator accused Bahamas-based broker of market manipulation
NEW YORK, CMC – The United States financial services watchdog agency, the Securities and Exchange Commission (SEC) says it has charged a Bahamas-based broker-dealer among others in what it describes as “an international market manipulation scheme”. The SEC said charges have been laid against Gibraltar Global Securities, a Bahamas-based broker-dealer; two San Diego, California attorneys and other participants in an…
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Caribbean participates in UN-backed tsunami preparedness test
UNITED NATIONS, CMC – Caribbean nations are participating in a full-scale tsunami alert exercise organized by the United Nations to test their reaction to a possible disaster. The exercise organized under the auspices of the Intergovernmental Oceanographic Commission of the UN Educational, Scientific and Cultural Organization (UNESCO) a ficticious earthquake measuring 8.5 on the Richter scale will strike 90 kilometres…
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