News
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Jamaica begins its transition from SWIFT system: CARICOM BUSINESS
The Bank of Jamaica has given financial institutions 4 years to adapt as it co-ordinates Jamaica’s migration from the Swift Message Type (MT) standard to the ISO 20022 – ‘Universal Financial Industry Message Scheme’ format by end 2025. This in a bid to enhance end-to-end efficiency for payments. Adoption of the ISO 20022 standard should improve payment processing efficiency and…
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CARICOM teachers set for training in learning recovery, enhancement
Approximately 15,000 educators from the Caribbean Community (CARICOM) are set to benefit from professional development training specially designed for them to assist students in overcoming the learning losses occasioned by the COVID-19 pandemic. The training is part of the Learning Recovery and Enhancement Programme known as Let’s REAP, which was developed collaboratively among the CARICOM Secretariat, the Caribbean Development Bank…
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Jamaica grows by 6.7% in 4th quarter of 2021: CARICOM BUSINESS
The Jamaican economy grew by 6.7% during the 4th quarter of 2021 when compared to the fourth quarter of 2020. This was due to increases in both the Services Industries and the Goods Producing Industries of 9.0% and 0.5% respectively. Within the Goods Producing Industries, there were higher output levels for Agriculture, Forestry & Fishing of 13.8% and the Construction…
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Co-Chairs’ Statement: 2022 Canada-CARICOM Foreign Ministers’ Group Meeting
On April 1st, 2022, the Honourable Mélanie Joly, Canadian Minister of Foreign Affairs, and the Honourable Eamon Courtenay, Minister of Foreign Affairs, Foreign Trade and Immigration for Belize, and Chair of the Caribbean Community Council for Foreign and Community Relations (COFCOR) co-chaired the 2022 Canada-CARICOM Foreign Ministers’ Group meeting, which was held virtually. Ministers reaffirmed the enduring value of the deep…
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Joint Tribute To Dr Hugh Julian Sealy – CCCCC And CARICOM Secretariat
The CARICOM Secretariat and the Caribbean Community Climate Change Centre (CCCCC) join with the Government of Barbados, the CARCIOM negotiators and the broader Alliance of Small Island States (AOSIS) grouping in expressing its shock and sadness at the sudden passing of Dr. Hugh Sealy. Dr Sealy has been a key part of the region’s and AOSIS’s climate change negotiating machinery…
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IMF: Suriname economic recovery programme on track: CARICOM BUSINESS
The IMF Executive Board has completed the first review of the extended arrangement under the Extended Fund Facility (EFF) for Suriname, allowing for an immediate disbursement equivalent to SDR 39.4 million (about US$55 million). According to the Fund, Suriname’s “homegrown economic recovery program,” which through a discretionary fiscal con-solidation of 10% of GDP during 2021-24, remains on track. Suriname is…
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Remarks by Deputy Secretary-General Dr Armstrong Alexis to the OECD Latin America and the Caribbean Regional Programme Meeting, 22 March 2022
The Caribbean Community Secretariat welcomes the opportunity to participate in today’s Latin America and the Caribbean Regional Programme (LACRP) Meeting of International Partners, and it is a pleasure to be addressing you today. Dr Carla Barnett, Secretary-General, CARICOM welcomes this conversation as we transition to the third cycle of the Regional Programme. As a Secretariat, we represent 15 independent Member…
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CARICOM Heads Approve Enhanced Cooperation Protocol
Caribbean Community (CARICOM) Heads of Government have adopted a Protocol which should create opportunities to further the principles, goals and objectives of the Community through Enhanced Cooperation. The “Protocol to Amend the Revised Treaty of Chaguaramas Establishing the Caribbean Community including the CARICOM Single Market and Economy to allow Enhanced Cooperation among Member States and to address Related Issues” was…
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FIFA-CARICOM kick-off collaboration with virtual workshop
FIFA and the Caribbean Community (CARICOM) Secretariat held a kick-off meeting to discuss the development of a collaboration plan under the CARICOM-FIFA Memorandum of Understanding (MoU). The MoU, signed in 2021, established a mechanism between the two parties to strengthen collaboration to promote sports integrity and social responsibility, while furthering the development of football in the region. In her opening…
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Feasibility and Benefits of a Transition to Mercury-free Lighting in CARICOM
In the lead up to #MinamataCOP4, the Caribbean Community (CARICOM) Secretariat and the Clean Lighting Coalition are hosting a virtual conversation to highlight the feasibility and benefits of a transition to mercury-free LED lighting in Latin America and the Caribbean. A transition to energy-efficient lighting would ease the region’s dependency on fossil fuels and the growing burden on national grids,…
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