News
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Hopes of G8 tax avoidance breakthrough fading fast as Bermuda refuses to sign up to new rules
An international deal to crack down on secretive tax havens is in jeopardy after the British Crown Territory of Bermuda refused to sign up to new transparency rules. Tax avoidance had been placed top of the agenda for the G8 summit of world leaders meeting next week in Northern Ireland, and David Cameron has called Britain’s 10 overseas territories and…
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Giving water — the gift of life in Haiti
CARREFOUR, Haiti — The water inspectors were negotiating with an irate homeowner over her illegal hookup when a neighbor signaled he wanted to talk. “I would like to know how I can get water access,” physician Cyprien Jean-Jonas said from inside his one-room clinic. Steps from Jean-Jonas’s front door was an underground well. And while many of his neighbors in…
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IMF predicts decline in economic growth for Haiti
PORT AU PRINCE, Haiti, CMC – The International Monetary Fund (IMF) says the yearly economic growth for Haiti in 2013 will be limited to 3.4 per cent and blamed a weak recovery of agricultural production for the situation. The Washington-based financial institution Wednesday said that one of its missions had ended a one week visit to Haiti to review the…
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Caribbean partners welcome ITC’s forthcoming regional value-chain development project
ITC's new programme for the Caribbean aims to facilitate the creation of regional value chains in priority sectors in order to boost the region’s competitiveness, according to ITC Director Friedrich von Kirchbach at the launch event of the Caribbean Community’s (CARICOM) Regional Aid for Trade Strategy in Port-au-Prince, Haiti. PORT-AU-PRINCE, HAITI – The International Trade Centre’s (ITC) new programme for…
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Poor show by Ramdin
PORT OF SPAIN, Trinidad – The suspension and fine of West Indies wicketkeeper Denesh Ramdin sent a firm, tough reminder that the International Cricket Council still values fair play and honesty in the gentlemen’s game, despite the ugly incidents of spotfixing and matchfixing in recent years. On Friday, Mr Ramdin claimed a low catch off Pakistan captain Misbah-ul-Haq before he…
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Minister quits amid allegations she is an American citizen
PORT AU PRINCE, Haiti, CMC – Minister of Haitian Living Overseas, Bernice Fidelia, has quit the Cabinet of Prime Minister Laurent Lamothe amid allegations that she holds United States citizenship. A statement from the Office of the Prime Minister confirmed the resignation of the 51-year-old minister in the wake of allegations by several Haitian lawmakers that she is an American…
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Prime Minister goes on short holiday
KINGSTON, Jamaica, CMC – Prime Minister Portia Simpson Miller left here Tuesday “for a short vacation,” according to an official statement. It gave no details except to say that “she will return to the island on Saturday, June 15” The brief statement said that Transport, Works and Housing Minister Dr. Omar Davies will be in charge of the government during…
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World Bank lauds St. Lucia as “success story”
WASHINGTON, CMC – The World Bank has lauded St. Lucia as a “success story” within the Caribbean for its efforts in managing the risk of rainfall-triggered landslides. The Washington-based financial institution said it has helped the St. Lucia government with “crucial information” about the causes of landslides, as well as an insight into the most at-risk areas. Addressing the effects…
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Grenada hold talks with IMF
ST. GEORGE’S, Grenada, CMC – The Grenada government says it has held talks with a delegation from the International Monetary Fund (IMF) “on the parameters for a possible new Fund programme”. An official statement said that the IMF team was led by Ms. Aliona Cebotari and that the discussions focused on “the current economic situation in Grenada, the envisaged reform…
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