Accredited Third States
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Chavez’s Absence Overshadows Latin American, Caribbean Summit
The absence due to illness of Venezuelan President Hugo Chavez played a major role during the final day of a summit of the Community of Latin American and Caribbean States (CELAC) in Santiago on Monday. Venezuelan Vice President Nicolas Maduro read out to leaders a long letter from Chavez, which Venezuelan officials had noted in advance was signed in red…
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IMF projects modest growth in the Caribbean
WASHINGTON, CMC – As the Caribbean reels from the global economic crisis, the International Monetary Fund (IMF) predicts that growth will “strengthen gradually” this year. In an update to its World Economic Outlook (WEO), the Washington-based financial institution said the constraints on economic activity will start to ease this year. The IMF projected a 3.6 per cent growth in Latin…
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United States issues final regulations to combat Caribbean offshore tax evasion
WASHINGTON, CMC – The United States Department of the Treasury and the Internal Revenue Service (IRS) have issued what they describe as “comprehensive final regulations” to combat Caribbean and other offshore tax evasion. The departments said the reporting and withholding tax provisions, commonly known as the Foreign Account Tax Compliance Act (FATCA), “target non-compliance by US taxpayers using foreign accounts.…
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Venezuela’s Chavez Undergoes New Medical Treatment in Cuba
A Venezuelan government spokesman says President Hugo Chavez has begun a new round of medical treatment in Cuba, after battling complications from cancer surgery performed more than a month ago. Information Minister Ernesto Villegas, speaking Saturday, did not offer details of the newest treatment and did not provide new information on the cancer itself. But he said Mr. Chavez had…
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Economist: Euro crisis could erupt again this year
DAVOS, Switzerland — Is the euro crisis over? A leading US economist says not by a long shot. Even as the head of the European Central Bank talked of “positive contagion” in the markets and predicted an economic recovery for the recession-hit eurozone later this year, economist Barry Eichengreen warned that the debt crisis that has shaken Europe to its…
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EDITORIAL – Now that the PM didn’t go to Chile
KINGSTON, Jamaica – It can't have been without compelling reason that Prime Minister Portia Simpson Miller decided to miss the summit of the Community of Latin American and Caribbean States (CELAC) in Chile, to which she has dispatched her foreign minister, Mr A.J. Nicholson. CELAC, we remind, is a relatively new organisation, formally launched in 2010, as a forum for…
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New look for PetroCaribe at this weekend’s summit in Chile
KINGSTON, Jamaica – SIX-and-a-half years ago a historic accord was signed between Venezuela and various member states of the Caribbean Community (Caricom) for the inauguration of an energy-based co-operation venture known as PetroCaribe. It was to unfold across this region and beyond as manifestation of President Hugo Chavez’s vision of a unique form of co-operation to assist the vulnerable economies…
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CELAC summit closes with pledge to strengthen partnership
SANTIAGO, Chile (AFP) — European and Latin American leaders wrapped up a two-day summit here yesterday, pledging to reinvigorate their “strategic partnership” for expanded free trade while shunning protectionism. But the high-profile meeting attended by some 60 countries from both continents was overshadowed by a nightclub fire that killed at least 232 people in Brazil and forced President Dilma Rousseff…
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Cameron: I don’t want a country called Europe
Switzerland—British Prime Minister David Cameron wants nothing to do with a United States of Europe, an idea that’s gaining currency as the countries that use the euro struggle to fix their debt crisis. A day after he shook up Europe’s political landscape by offering citizens the prospect of a vote on whether to stay in the 27-country European Union, Cameron…
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Caribbean urged to strengthen relationship with Europe
SANTIAGO, Chile, CMC – The head of the Economic Commission for Latin America and the Caribbean (ECLAC) has called on the region to build a “more symmetrical, balanced and equitable relationship with Europe.” “We want foreign investment that helps us modernize our production structure, that contributes to employment, that helps us care for the environment and that respects social rights,”…
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