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  • Central Bank comments on OECD report

    BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados says a recent report issued by the Organisation for Economic Co-operation and Development (OECD) is raising many “difficult issues not least of which is the need for an international coordinated approach on the rights to tax”. The Central Bank in a comment on the OECD “Addressing Base Erosion and Profit Shifting…

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  • France blacklists T&T, Dominica for not probing foreign aid fraud

    GEORGETOWN, Guyana – France has drawn up a blacklist of 17 countries including Trinidad and Tobago and Dominica for not investigating foreign aid fraud, banning the use of their banks in the distribution of development funds. Agence France-Presse (AFP) yesterday reported that in addition to the Caribbean countries, Switzerland, Lebanon, Panama, Costa Rica, the United Arab Emirates, Liberia and Vanuatu…

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  • CDB reviews development challenges

    GEORGETOWN, Guyana – The 43rd annual meeting of the Caribbean Development Bank (CDB) Board of Governors in St Lucia last week, had the aura of a stocktaking of the state the region’s economies, in a context of persistent difficulty being experienced by many of the member countries. Speeches by both Prime Minister Kenny Anthony, as host Chairman of the meeting…

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  • PM to approach US Vice President on gaming dispute

    ST JOHN’S, Antigua – Prime Minister Baldwin Spencer is hoping US Vice President Joe Biden can help expedite a resolution to the decade-long gaming dispute between Antigua & Barbuda and the economic giant. Joe Biden and CARICOM leaders have been meeting in Trinidad since Tuesday and Spencer said he’d personally raise the issue with him on the sidelines of the…

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  • US-China and CARICOM ties

    PORT OF SPAIN, Trinidad – TRINIDAD and Tobago’s importance to the two most economically powerful countries of the world is being fully displayed this week by virtual back-to-back official visits, first by US Vice-President, Joseph Biden, then by the People’s Republic of China’s President, Xi Jingping. For those revealing political innocence about these carefully choreographed visits to a small island…

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  • Dominica PM says island will soon join Caribbean Court of Justice

    ROSEAU, Dominica, CMC – Dominica will send a letter to the British government next week seeking permission to recognise the Trinidad-based Caribbean Court of Justice (CCJ) as its final court, replacing the London-based privy Council, Prime Minister Roosevelt Skerrit has said. “Once we satisfy the Constitutional requirements we will go forward. We had delayed it to allow for consultations as…

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  • New government named as former premier joins

    PPM GEORGE TOWN, Cayman Islands, CMC – Leader of the People’s Progressive Movement (PPM) Alden McLaughlin has been appointed premier of this British Overseas Territory one week after the party won the most seats in the general election. McLaughlin needed the support of at least 10 legislators before he could have been appointed head of the government and Governor Duncan…

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  • Region urged to maximise natural resources

    CARACAS—According to a new ECLAC document launched yesterday, Latin American countries must review and strengthen institutions and instruments to maximize the contribution of natural resources to regional development, particularly in the current cycle of high prices. The report Natural resources within the Union of South American Nations: Status and trends for a regional development agenda was presented by Antonio Prado,…

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  • T&T, US sign deal on ‘clean’ energy

    PORT OF SPAIN, Trinidad – Trinidad and Tobago and the United States Department of Energy have signed a Memorandum of Understanding to facilitate cooperation on scientific, technical and policy aspects of energy efficiency and clean energy technologies through the exchange of ideas and information. The MOU commits both countries to establish a Renewable Energy Research centre, to be located at…

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  • Biden heads to Brazil after ‘brutal’ discussions in Caribbean

    U.S. Vice President Joe Biden left Trinidad and Tobago on Tuesday after what he and leaders of the mostly English-speaking 15-member Caribbean Community and the Dominican Republic called “frank” discussions on issues of mutual interests. “It was completely open, completely frank and completely straightforward — even where we disagreed,” Biden said before heading to Brazil, where he will spend three…

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