News
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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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Laying the Foundation for Better Results Through Monitoring and Evaluation: The Caribbean Community Secretariat and the Independent Evaluation Group of the World Bank Announce Partnership to Collaborate Around Better Policy Results
The Caribbean Community (CARICOM) Secretariat and the Independent Evaluation Group (IEG) of the World Bank Group have agreed to work together towards advancing the Caribbean Community’s Results-based Management (RBM) System. The new partnership aims to contribute to the promotion of a results-oriented culture in the region by supporting the establishment and institutionalization of RBM policies and practices – initially in…
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CARICOM IMPACS and the Small Arms Survey Establish a Memorandum of Understanding to Reduce Gun Violence in the Caribbean
The Caribbean Community Implementation Agency for Crime and Security (CARICOM IMPACS) and the Small Arms Survey (SAS) signed a Memorandum of Understanding (MoU) to formalize existing cooperation. The Agreement will support efforts to improve the capacity of CARICOM States to prevent the illicit circulation of small arms and light weapons and enhance States’ implementation of commitments under international and regional…
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Heads of Government start busy week for CARICOM
Heads of Government set the stage for an active start to 2021 for the Caribbean Community (CARICOM) when on Tuesday they continued their discussions towards initiating the economic recovery of the Region which has been devastated by the COVID-19 Pandemic. At the 13th Special Emergency Meeting of the Conference of Heads of Government held virtually, they received an update on…
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Statement by the Caribbean Community (CARICOM) on COVID-19 Vaccine Availability
As the world grapples with the challenge of controlling the COVID-19 pandemic, the Caribbean Community (CARICOM) is deeply concerned at the current prospect of inequitable access to vaccines to address the pandemic, especially for frontline workers and vulnerable populations. The reality is that small states will find it difficult to compete in the market place to ensure equitable access for…
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Meeting of the CARICOM and Canadian Foreign Ministers postponed
The Inaugural Meeting of the CARICOM-Canada Foreign Ministers’ Group which was scheduled to be held virtually on 13 January 2021, has been postponed. The Meeting was expected to discuss the fight against the COVID-19 pandemic; economic recovery and inclusive growth; and climate resilience and sustainability. A new date is expected to be announced in the coming weeks. This meeting signals…
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Inaugural Meeting of the CARICOM-Canada Foreign Ministers’ Group to be held on 13 JANUARY 2021
At the invitation of the Government of Canada, Ministers of Foreign Affairs of the Caribbean Community (CARICOM) will meet with their Canadian counterpart, the Honourable François-Philippe Champagne, Minister of Foreign Affairs of Canada, during the Inaugural Meeting of the CARICOM-Canada Foreign Ministers’ Group which will be held virtually, on 13 January 2021. Under the co-chairmanship of His Excellency Dr Claude…
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Statement by the Caribbean Community on the Guyana-Venezuela Border Controversy
The Caribbean Community (CARICOM) is deeply disappointed and concerned at the decree and subsequent statements by Venezuela with respect to that country’s border controversy with Guyana, including intimations of the creation of a strategic area of national development called “Territory for the Development of the Atlantic Façade”. The Caribbean Community is in full support of the judicial process underway at…
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Grenada regains majority shareholding in electricity provider: CARICOM BUSINESS
Grenada’s light and power company monopoly, Grenlec, will continue to operate as a private company, although the government has repurchased the majority shares owned by WRB Enterprises. Through a US$63-million settlement, which is US$12 million less than an arbitration award, the government regained control of the 50% shareholding sold to WRB Enterprises in 1994. In addition, the government has also…
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