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Guyana’s Petrocaribe debt sustainable-Bank of Guyana official
GEORGETOWN, Guyana, Chronicle – GUYANA’s debt accrued under the Petrocaribe arrangement with Venezuela is sustainable and the reported impending increase in interest rates being charged under that credit facility is no cause for serious concern, according to a top Bank of Guyana official. On Monday, Platts, an energy and petrochemicals information provider, quoted an unnamed source with Venezuela’s state owned…
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DOMINICA-ECONOMY-EU pleased with Dominica, pledges more budgetary assistance
ROSEAU, Dominica, CMC – The European Union says Dominica will continue to receive financial assistance under the European Development Fund (EDF) Budget Support Programme. Head of Delegation of the European Union to Barbados and the Eastern Caribbean, Ambassador Mikael Barford, gave that assurance following a review meeting of the 10th EDF General Budget Support, here on Wednesday. “The reason why…
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No British support to invade Grenada
LONDON, CMC – Britain had been against United States plans to invade Grenada in 1983, according to documents released Thursday by the National Archives here. The documents indicate that then Prime Minister Margaret Thatcher and United States president Ronald Reagan were at odds over the plans to invade the Caribbean island after its then left wing leader, Maurice Bishop and…
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CARICOM divide deepen-Tufton fires back after Nicholson dismisses proposal to withdraw regional body
KINGSTON, Jamaica, Gleaner – The rhetorical fisticuffs between the Government and the Opposition over Jamaica's continued participation in CARICOM became more intense yesterday, with the opposition spokesman on trade, Dr Chris Tufton, berating remarks by his government counterpart, A.J. Nicholson, who wants no part in any suggestion about a temporary withdrawal from CARICOM. The suggestion was made by the leadership…
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Firm commitment
KINGSTON, Jamaica, CMC – The Jamaica government has reiterated its commitment to the regional integration movement, CARICOM, and dismissed calls for the island to quit the 15-member grouping. Foreign Affairs Minister, AJ Nicholson in a statement in the Upper House on Wednesday addressed comments from former Prime Minister Andrew Holness and opposition Jamaica Labour Party (JLP) legislator Dr. Christopher Tufton…
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Dominican national appointed CARIFORUM Director General
GEORGETOWN, Guyana, CMC – Dominican Percival Marie Thursday took up the appointment of Director General of the Caribbean Forum of the African, Caribbean and Pacific (CARIFORUM) pledging to effect an integrated and comprehensive approach to the work of the two units that comprise the directorate. Marie, who formally served as the executive director of CARIFORUM Directorate, replaces Ivan Ogando Lora.…
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CARIFORUM Platform to be Strengthened, says New DG
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) Mr. Percival Marie, a national of the Commonwealth of Dominica, assumes office on August 1 as Director-General of the Caribbean Forum of African, Caribbean and Pacific (ACP) States (CARIFORUM) Directorate in the Caribbean Community (CARICOM) Secretariat. He replaces Mr. Ivan Ogando Lora. Mr. Marie who has been appointed for a period of three years…
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Government worried about unpredictable nature of gold prices
GEORGETOWN, Guyana, CMC – The Guyana government says it is monitoring the “unpredictable nature of gold prices” as the commodity was being sold on the market at US$1, 330 an ounce. Natural Resources and the Environment Minister Robert Persaud said the authorities share the anxiety of the mining community “as to the unpredictable nature of gold prices given the importance…
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