News
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CARICOM Leaders meet US Vice President Harris
Heads of Government of the Caribbean Community (CARICOM), the Dominican Republic and the CARICOM Secretary-General met virtually on Friday with United States Vice President Kamala Harris to discuss support for post Covid-19 economic recovery, the climate crisis, energy security and security co-operation. CARICOM Leaders took the opportunity to raise other issues of concern including access to development financing including climate…
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Belizean elected new President of Regional Administrative Tribunal
Judge Lisa M Shoman of Belize has been elected by her peers to the Presidency of the Caribbean Community Administrative Tribunal (CCAT) from 20th April 2022 for two years, as the second President of the Tribunal. Judge Shoman SC was preceded by, Sir Patterson Cheltenham, Chief Justice of Barbados who served with distinction as the first President of CCAT from…
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The Bahamas to enable payment of taxes by digital assets: CARICOM BUSINESS
The Government of the Bahamas will this year enable the access of Bahamians to digital assets using Bahamian dollars, and enable the payment of taxes using digital assets. In tabling a policy white paper on the future of $3 trillion digital of digital assets global market in The Bahamas, Prime Minister Philip Davis, is promising to transform The Bahamas into…
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Keynote Address by CARICOM Deputy Secretary-General Dr Armstrong Alexis at the Launch of the Creative Caribbean project, 21 April 2022
❖ Honourable Ministers with responsibility for Culture ❖ Dr. Norbert Richard Ibrahim, Assistant Secretary-General, Organization of African, Caribbean and Pacific States ❖ Mr. Frderik Ekfeldt, Deputy Head of Mission, Delegation of the European Union to Jamaica, Belize, The Bahamas, Turks and Caicos and Cayman Islands ❖ Dr. Saadia Sanchez-Vegas, Director and Representative, UNESCO Cluster Office for the Caribbean; ❖ Ms.…
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Shipping costs trending downwards: CARICOM BUSINESS
Global shipping costs are starting to trend downwards, nonetheless prices remain elevated considerably above pre-pandemic levels. Indeed, there is an approximate 50% reduction being experienced by Caribbean importers. According to Richard Pandohie, former President of the Jamaica Manufacturers & Exporters Association, the cost for shipping a 40ft container now ranges between US$10,000 and US$12,000, “still above pre-pandemic level of US$4-5k…
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CARICOM SG wraps up official visit to Saint Lucia
Secretary-General of the Caribbean Community, Her Excellency Carla Barnett ended her official visit to Saint Lucia on Wednesday during which she met with the Prime Minister Honourable Philip Pierre, members of Cabinet, the Leader of the Opposition, Honourable Allen Chastanet, the CARICOM Youth Ambassadors and paid a visit to the Castries Comprehensive Secondary School. “This was a very good and…
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Caribbean Creative Sector to benefit from ACP-EU 3 million Euro Grant Support Programme
The Caribbean Culture Sector has received significant funding from the European Union with support from the Organisation of African, Caribbean and Pacific States, under the ACP-EU 11th EDF Culture Programme as creatives seek to recover from the adverse effects of the COVID-19 pandemic. The Virtual Launch is set for Thursday, April 21, 2022, at 11:00 EST. The United Nations, Educational,…
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SG Barnett meets Saint Lucia Cabinet on First Day of Official Visit
Secretary-General of the Caribbean Community (CARICOM) Her Excellence Carla Barnett stressed the importance of climate change and agriculture to the Region as she began a three-day official visit to Saint Lucia. Dr Barnett met with the Prime Minister of Saint Lucia the Honourable Philip Pierre who is Lead Head of Government for Sustainable Development in the CARICOM Quasi Cabinet and…
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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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