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Jamaica’s remittance flows jump 25.7%: CARICOM BUSINESS
Jamaica’s net remittance flows totalled $220.9 million as at November 2020 reflecting an increase of 25.7% or US$45.2 million over November 2019. This increase resulted from a rise in gross remittance inflows of 18.7% or US$37.5 million aided by a decrease of 32% or US$7.7 million in outflows. Based on the Bank of Jamaica’s November 2020 Remittance Bulletin, the increase…
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CARICOM congratulates Grenada on its 47th Anniversary of Independence
The Caribbean Community (CARICOM) has congratulated Grenada on its Forty-Seventh Anniversary of Independence, praising its great example of resilience. CARICOM Secretary-General Ambassador Irwin LaRocque, in a congratulatory message to Prime Minister Dr the Hon. Keith Mitchell, said Grenada has made great strides, and its citizens have made their mark globally in academia, diplomacy and sport to name a few. He…
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CARICOM BUSINESS – Economic fall-out continues from COVID-19 pandemic
This week’s CARICOM BUSINESS Newsletter features some of the economic fall out as the Region continues to grapple with the COVID-19 pandemic. This edition touches on developments in Barbados, Jamaica, the Bahamas and St. Vincent and the Grenadines, as well as the European Union’s continuing blacklisting threats and Canada’s suspension of airline services. Click on the Image or Link below…
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Caribbean Meteorological Organization contributes to Climate Adaptation Summit 2021
The Climate Adaptation Summit (CAS) 2021, a global conference held on 25-26 January 2021, brought together a range of participants to highlight adaptation efforts needed to respond to the effects of a changing climate. In the opening session, UN Secretary General Antonio Guterres calledfor “a breakthrough on adaptation and resilience”. The Coordinating Director of the Caribbean Meteorological Organization (CMO) Headquarters,…
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Statement by the Caribbean Community on Detention of Guyanese Fishing Vessels and Crew
The Caribbean Community (CARICOM) expresses grave concern at the escalation of tensions between Guyana and Venezuela caused by the interception and detention in Guyana’s Exclusive Economic Zone of two Guyanese fishing vessels by a Venezuelan naval vessel on January 21, 2021. Recalling its statement of January 12, 2021 in which it had firmly repudiated any acts of aggression by Venezuela…
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The CARICOM COVID-19 Food Security and Livelihoods Impact Survey – Round 3
Nearly a year after the first recorded case of COVID-19 in the Caribbean, CARICOM is launching the third round of the Caribbean COVID-19 Food Security and Livelihoods Survey. Following the July 2020 survey, which found an increasing number of households affected by income loss, along with a worsening impact on food security, this round aims to capture the current state…
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CDB elects Gene Leon as new President: CARICOM BUSINESS Newsletter
The Board of Governors of the CDB has elected Hyginus “Gene” Leon to serve as the next President of the multilateral institution. Leon’s appointment will become effective on May 1, 2021. He will succeed W. Warren Smith. Leon has over 30 years of experience in economic development and has directed macroeconomic and financial policy support to government authorities in Africa,…
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Prime Minister Gaston Browne, as Chair of Alliance of Small States, sends early message on Climate Change to US President Joseph R Biden Jr
St John’s, January 20…. In an early communication immediately after Joseph R Biden was sworn in as President of the United States of America, Antigua and Barbuda’s Prime Minister, Gaston Browne, wrote to him expressing delight that the US government will, once again, commit to the 2015 Paris Agreement on Climate Change. Writing in his capacity as Chair of the…
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Jamaica’s securities market grows by 100%: CARICOM BUSINESS
Finance Minister Dr Nigel Clarke, says Jamaica’s private securities market grew by approximately 100% between 2017 and 2020, with the value of bond issuance transactions doubling from some $200 million to $400 million. This metric was noted within the context that the banking sector recorded loan growth ranging between 16 and 35% over the period. He was speaking during the…
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MoU signed establishing Centre for Excellence for Oceanography and the Blue Economy at The University of the West Indies Five Islands Campus
ST. JOHN’S, Antigua and Barbuda – 19th January, 2021……….The Prime Minister of Antigua and Barbuda, the Hon. Gaston Browne, the Vice-Chancellor of The University of the West Indies, Professor Sir Hilary Beckles and the Chair of the Association of Commonwealth Universities, Professor Sir Ed Byrne have today signed a Memorandum of Understanding to formalise their collaboration in support of a…
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