News
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ECLAC urges Caribbean to strengthen institutions to aid development
CARACAS, Venezuela, CMC – The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) is urging regional countries to review and strengthen their institutions and instruments in order to maximize the contribution of natural resources to regional development, particularly in the current cycle of high prices. ECLAC has submitted a report to the “Conference of the Union of…
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No blacklist, says French envoy
PORT OF SPAIN, Trinidad – French Ambassador Jacques Sturm said yesterday that there was no “blacklist”. “What you have heard about is a list that comes from the France Development Bank (AFD). It is working list for banking procedures. It is not an official list of the French government,” he said. AFD is the financial institution and the major implementing…
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Dookeran: Wrong to blacklist T&T
PORT OF SPAIN, Trinidad – There is no basis for the “blacklisting” of Trinidad and Tobago by France, Minister of Foreign Affairs Winston Dookeran and Minister of Finance Larry Howai said yesterday. In a statement Howai said: “I question the legitimacy of this categorisation of Trinidad and Tobago and I consider that there are no grounds for including Trinidad and…
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Govt looking at better energy deal with China
PORT OF SPAIN, Trinidad – Government will explore energy market expansion with the Chinese delegation which arrives in T&T tomorrow, Energy Minister Kevin Ramnarine has said. Speaking at yesterday’s post-Cabinet media briefing, Ramnarine acknowledged T&T will have to seek new markets for energy products since its main customer, the United States, projects energy self-sufficiency by 2020 and has boasted of…
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China President visits Trinidad
PORT OF SPAIN, Trinidad (CMC) – China’s President Xi Jingping arrives in Trinidad on Friday for a three-day visit during which he will meet with Caribbean Community (CARICOM) leaders. The visit follows that of the United States Vice President Joe Biden earlier this week and according to a Chinese Embassy statement it is to “further increase political trust and consolidate…
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OECD: Europe remains threat to world economy
PARIS—The recession in Europe risks threatening the world’s economic recovery, a leading international body warned yesterday. In its half-yearly update, the Organisation for Economic Cooperation and Development (OECD) said that protracted economic weakness in Europe “could evolve into stagnation with negative implications for the global economy.” The OECD again slashed its forecast for the 17 European Union countries that use…
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The regional trade, political and economic quagmire
KINGSTON, Jamaica – The debilitating state of CARICOM affairs echoes the increasing level of despair by its citizens who helplessly witness the official bungling by regional governments, who appear impotent in search of a constructive and progressive plan for the redemption of CARICOM. Not since the publication of the West Indies Commission Time for Action has there been any worthy…
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St. Vincent PM Gonsalves calls for private sector investment in regional fast ferry service
KINGSTOWN, St. Vincent, CMC — Prime Minister Dr. Ralph Gonsalves says implementing a fast ferry service in the southern Caribbean is a risk the private sector must take, with government assistance. “This is not as easy as some people think. It is a lot of money which is involved. In fact, the reason why you haven’t had it, despite all…
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UN urges Caribbean to build on successes of decolonization
QUITO, Ecuador, CMC – United Nations Secretary General Ban Ki-moon has urged Caribbean countries to build on the successes of decolonization, saying they must also show statements of principle can be transferred into action. “Let us build on the many successes of decolonization,” said Ban in his message to the Caribbean Regional Seminar on Implementation of the Third International Decade…
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