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Belize makes plea on behalf of small island developing states
UNITED NATIONS, CMC – Belize Monday appealed to the international community to help Small Island Developing States (SIDS) overcome the problems associated with the global economic situation as well as those caused by climate change. Ambassador Lois Michele Young, addressing the United Nations “High Level Thematic Dialogue on Financing Sustainable Development” said that the developing countries are faced with economic,…
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Caribbean finance ministers among Commonwealth group meeting with international lending agencies
WASHINGTON, CMC – St. Kitts and Nevis Prime Minister Dr. Denzil Douglas is leading a high-level group of Commonwealth ministers that is ending a two-day visit to Washington on Tuesday after holding discussions with representatives of leading international financial institutions on the issue of debt and financing challenges for developing countries. The delegation also includes Jamaica’s Finance Minister Dr. Peter…
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Opposition Leader to appeal ruling against him
KINGSTOWN, St. Vincent, CMC – Opposition Leader, Arnhim Eustace, says he will contest the ruling of the Labour Department ordering him to pay his former secretary, Rishatha Nicholls, EC$16,199.99 (One EC dollar – US$0.37 cents) in severance pay by October 18. “We will appeal that process. We will go through that whole process,” he told the Caribbean Media Corporation (CMC).…
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Remittances almost triple development aid
KINGSTON, Jamaica – TORONTO, Canada (IDN) — A new report has highlighted the importance of funds remitted home by migrants, which are now nearly three times the size of official development assistance given by rich developed nations and larger than private debt and portfolio equity flows to developing countries. They exceed the foreign exchange reserves in at least 15 developing…
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This shameful scenario affecting the Haitian people
KINGSTON, Jamaica – BURDENED as they may be with their respective domestic, social, economic and political challenges, it is becoming increasingly evident that the 15-member Caribbean Community (Caricom) has a moral obligation to ensure more focused attention by the international community on the widening problems and challenges facing the people of Haiti. The mind-blowing earthquake tragedy of January 2010 that…
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