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  • Central Bank comments on OECD report

    BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados says a recent report issued by the Organisation for Economic Co-operation and Development (OECD) is raising many “difficult issues not least of which is the need for an international coordinated approach on the rights to tax”. The Central Bank in a comment on the OECD “Addressing Base Erosion and Profit Shifting…

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  • France blacklists T&T, Dominica for not probing foreign aid fraud

    GEORGETOWN, Guyana – France has drawn up a blacklist of 17 countries including Trinidad and Tobago and Dominica for not investigating foreign aid fraud, banning the use of their banks in the distribution of development funds. Agence France-Presse (AFP) yesterday reported that in addition to the Caribbean countries, Switzerland, Lebanon, Panama, Costa Rica, the United Arab Emirates, Liberia and Vanuatu…

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  • CDB reviews development challenges

    GEORGETOWN, Guyana – The 43rd annual meeting of the Caribbean Development Bank (CDB) Board of Governors in St Lucia last week, had the aura of a stocktaking of the state the region’s economies, in a context of persistent difficulty being experienced by many of the member countries. Speeches by both Prime Minister Kenny Anthony, as host Chairman of the meeting…

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  • US-China and CARICOM ties

    PORT OF SPAIN, Trinidad – TRINIDAD and Tobago’s importance to the two most economically powerful countries of the world is being fully displayed this week by virtual back-to-back official visits, first by US Vice-President, Joseph Biden, then by the People’s Republic of China’s President, Xi Jingping. For those revealing political innocence about these carefully choreographed visits to a small island…

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  • PM to approach US Vice President on gaming dispute

    ST JOHN’S, Antigua – Prime Minister Baldwin Spencer is hoping US Vice President Joe Biden can help expedite a resolution to the decade-long gaming dispute between Antigua & Barbuda and the economic giant. Joe Biden and CARICOM leaders have been meeting in Trinidad since Tuesday and Spencer said he’d personally raise the issue with him on the sidelines of the…

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  • Dominica PM says island will soon join Caribbean Court of Justice

    ROSEAU, Dominica, CMC – Dominica will send a letter to the British government next week seeking permission to recognise the Trinidad-based Caribbean Court of Justice (CCJ) as its final court, replacing the London-based privy Council, Prime Minister Roosevelt Skerrit has said. “Once we satisfy the Constitutional requirements we will go forward. We had delayed it to allow for consultations as…

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  • T&T, US sign deal on ‘clean’ energy

    PORT OF SPAIN, Trinidad – Trinidad and Tobago and the United States Department of Energy have signed a Memorandum of Understanding to facilitate cooperation on scientific, technical and policy aspects of energy efficiency and clean energy technologies through the exchange of ideas and information. The MOU commits both countries to establish a Renewable Energy Research centre, to be located at…

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  • Concerns over rum subsidies

    PORT OF SPAIN, Trinidad – Rum was on the agenda for Caricom leaders as they used yesterday’s visit by United States Vice-President Joe Biden to Trinidad and Tobago to highlight concerns about the impact of US rum subsidies to Puerto Rico and the US Virgin Islands. “The most contentious issue is rum subsidies to Puerto Rico and the US Virgin…

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  • Caribbean leaders hold “frank and cordial” talks

    PORT OF SPAIN, Trinidad, CMC – United States Vice President Joe Biden Tuesday held “frank and cordial” talks with Caribbean Community (CARICOM) leaders and pledged Washington’s assistance on a wide range of issues affecting the socio-economic development of the of the 15-member regional grouping. “I want to thank you all for the important discussions…but more importantly for the frankness and…

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  • Two years into his presidency, Michel Martelly says Haiti is on the move

    HAUT-DU-CAP, Haiti — As he begins his third year in office, President Michel Martelly is adding a dose of reality to his campaign promises, telling the Haitian people he alone cannot transform their lives. Calmer and more mature in his rhetoric, Martelly is calling for greater social responsibility, describing his nation’s deep-seated social ills —hunger, joblessness and poverty — as…

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