News
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Sol Petroleum makes significant investments in Jamaica’s youth
Sol Petroleum, the newest entrant to Jamaica’s petroleum energy industry has made a huge investment in the country’s youth. The investment comes in the form of the company’s Sol Scholarship programme, which awards students with academic scholarships to attend any of the University of the West Indies’ four campuses (Cave Hill, Mona, St. Augustine and Open Campus). Through the Sol…
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Caribbean Development Bank suggests overhaul of regional airline industry
BASSETERRE, St Kitts, Thursday May 21, 2015 – A study commissioned by the Caribbean Development Bank (CDB) has recommended a major rethink of the regional airline industry and the setting up of a CARICOM Airlines Association to identify opportunities to reduce costs, create greater synergies and earn more revenue. It has also proposed the creation of an Air Transport Reform…
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IMF approves almost $70 million for Haiti as earthquake recovery continues
WASHINGTON, United States, Thursday May 21, 2015 – The Executive Board of the International Monetary Fund (IMF) has approved a US$69.7 million three-year aid programme for Haiti to help its continued recovery from a devastating earthquake that claimed a quarter million lives five years ago. About US$10 million has already been disbursed under the Extended Credit Facility (ECF) while the remainder…
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CDB study proposes multi-pronged thrust to cut high regional youth unemployment
A new Caribbean Development Bank (CDB) study has proposed a comprehensive, multi-sectoral approach to tackle chronic youth unemployment in regional territories. The Study is entitled “Youth are our Future: The Imperative of Youth Employment for Sustainable Development.” The study, which was presented today at the 45th Annual General Meeting of the CDB’s Board of Governors in St Kitts and Nevis,…
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Focus more on TVET in schools – CDB study
[SKN] Specific challenges of giving youth the right training and tools for the labour market were examined in a Caribbean Development Bank (CDB) study presented today at a seminar at the 45th Annual General Meeting of the CDB’s Board of Governors in St Kitts and Nevis, May 20-21. The report, entitled “Youth are the Future, the Imperative of Youth Employment…
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St Kitts PM calls for more integrated approach to region’s challenges
[Basseterre, St. Kitts & Nevis] Chairman of the Board of Governors of the Caribbean Development Bank, Dr. Timothy Harris, Prime Minister of St. Kitts and Nevis, has suggested that Caribbean countries should take a fresh look at a more integrated approach to tackling the region’s development challenges. Speaking at the opening ceremony of the 45th Annual Meeting of the Board…
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Mcneill Wants Regional Approach To Caribbean Tourism
MONTEGO BAY, Jamaica, May 18, 2015: Minister of Tourism and Entertainment, Hon. Dr. Wykeham McNeill, is pressing for a regional approach to growing the Caribbean tourism market. “Our regional governments must continue to work together to strengthen our ties with meaningful cooperation as we build a strong, multi-destination industry,” said Minister McNeill ahead of going to Haiti on Tuesday (May…
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Productive Deliberations Encouraged At CDB Board Of Governors’ Meeting
Basseterre, St. Kitts, May 20, 2015 (SKNIS): The representatives of the 27 member-states attending the 45th Annual Board of Governors’ Meeting of the Caribbean Development Bank (CDB) were encouraged to undertake productive deliberations to assist in the development of the region. Acting Governor General of St. Kitts and Nevis His Excellency S.W. Tapley Seaton Q.C., delivered the welcome remarks. “Each…
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CDB Launches Study on Regional Air Travel – At Annual Board Of Governors’ Meeting
A study commissioned by the Caribbean Development Bank (CDB) has recommended a major rethink of the regional airline industry and for the setting up of a CARICOM Airlines Association to identify opportunities to reduce costs, create greater synergies and earn more revenue. It has also proposed the creation of an Air Transport Reform Authority to address longer-term strategic issues at…
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