• Photo of Bahamas Wants Regional Centre of Excellence in Financial Services

    Bahamas Wants Regional Centre of Excellence in Financial Services

    The creation of a regional centre of excellence in financial services is being touted as the way forward if the region is to face the challenges and volatility of the global world of financial services. This is the view of the Minister for Financial Services here, Ryan Pinder, who told delegates attending the 3rd Caribbean Conference on the International Financial…

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  • ST.LUCIA-ECONOMY-More funds towards recovery efforts

    CASTRIES, St. Lucia CMC – The World Bank will make an additional US$36 million available to St Lucia and St. Vincent and the Grenadines to assist with recovery efforts following the passage of a lethal weather system on Christmas Eve. Just days ahead of the 2014/2015 budget presentation, Prime Minister Kenny Anthony on Thursday welcomed the assistance, noting that while…

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  • Multilaterally Intermeshed AML/CFT Legislation a Critical International Obligation

    GEORGETOWN, Guyana, Chronicle – Passing the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) act is critical to the future well-being of Guyana and to all Guyanese. Guyana has an international obligation to enact legislation, which is constitutional; harmonized with the laws of other member countries in its group; able to pass peer review by those countries; and in accord with…

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  • Finance Minister: No effort spared to safeguard integrity of financial systems

    GEORGETOWN, Guyana, Chronicle – THE stability and strength of any financial system are an indispensable prerequisite for the overall health and well-being of an economy, says Finance Minister, Dr. Ashni Singh, and the current Administration has spared no effort in safeguarding the integrity of local financial systems. Addressing the matter Monday during his Budget 2014 presentation to the House, Dr…

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  • JAMAICA-ECONOMY-IMF pleased with economic reform programme

    KINGSTON, Jamaica, CMC – The International Monetary Fund’s (IMF), resident representative to Jamaica, Bert Van Selm, says despite a front loaded adjustment programme, the economy has seen some growth over the first year of the programme. Van Selm, made the comment in an address to persons attending a Financial Services Commission seminar here on Wednesday. He asserted that Jamaica's economic…

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  • Central Bank: Increase in agriculture supply

    PORT OF SPAIN, Trinidad and Tobago, Guardian – Data from the National Agricultural Marketing and Development Corporation (Namdevco) indicates an increase in the availability of selected agricultural commodities at the Norris Deonarine Northern Wholesale Market (NDNWM) for the period July to December 2013, the Central Bank of T&T said in its latest Economic Bulletin. Among the major locally produced food…

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  • GRENADA-SECURITY-Government owes RSS millions in arrears

    ST. GEORGE’S, Grenada, CMC – Grenada owes the Barbados-based Regional Security System (RSS) six million EC dollars (One EC dollar = US$0.37 cents) in arrears, according to a government statement issued here. It said the figure was outlined to Prime Minister Dr. Keith Mitchell when he attended last week’s RSS ministerial meeting in Barbados. The statement blamed the previous Tillman…

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  • All set for CARICOM Summit

    (CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana)     Heads of Government of 14 Member States and two Associate Members will gather in St Vincent and Grenadines on Monday at the 25th Intersessional Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM). Suriname’s President, His Excellency Desiree Bouterse, who is the current President of the Union of South American…

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  • Eastern Caribbean Ministers of Finance meet in St. Kitts this weekend

    BASSETERRE, ST. KITTS, FEBRUARY 12TH 2014 (CUOPM) – Ministers of Finance from the Eastern Caribbean will be in St. Kitts this weekend for a series of meetings. Ministers of Finance will attend the 78th Meeting of the Monetary Council, which will be followed by a meeting between Ministers of Finance and officials of the World Bank, the International Monetary Fund…

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    (CARICOM Secretariat Turkeyen, Greater Georgetown, Guyana)     The Caribbean Community (CARICOM) is concerned at the continuing delay in Guyana’s progress towards implementing recommendations to address deficiencies in its anti-money laundering regime.  CARICOM calls on all parties involved in the process to take all necessary actions without further delay to have the necessary reforms implemented.  CARICOM remains deeply concerned that failure to…

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