News
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Prime Minister on weeklong visit to Brazil
PORT AU PRINCE, Haiti, CMC – Prime Minister Laurent Lamothe arrived in Brazil Monday at the start of a week-long visit aimed at deepening ties with Brazil. A statement from the Office of the Prime Minister said the the visit is also aimed at encouraging private sector investment in Haiti. It said that the trip is also part of a…
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Major credit rating agency warns of more Caribbean debt restructurings
NEW YORK, CMC – A major international credit rating agency is warning of more Caribbean sovereign debt restructurings ahead of the Caribbean Development Bank (CDB) annual meetings in St. Lucia this week. The Wall Street-based Moody’s Investor Service said on Monday that it expects sovereign credit quality to “continue deteriorating in the region. “We see the defaults of Belize (Caa2…
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Debt crisis among issues to be discussed at CDB annual meeting
CASTRIES, St. Lucia, CMC – The Caribbean debt crisis will be among matters discussed here this week as the Barbados-based Caribbean Development Bank (CDB) holds its annual meeting in St. Lucia. Vice President of Corporate Services Yvette Lemonias-Sea said the bank, the region’s premier lending agency, will stage a seminar “on debt and on debt sustainability, debt reduction. “What can…
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Gonsalves wants CAL talks by next week
PORT OF SPAIN, Trinidad – Prime Minister of St Vincent and the Grenadines Dr Ralph Gonsalves has expressed hope that he can meet with Prime Minister Kamla Persad-Bissessar within the next week over the contentious fuel subsidy to State-owned carrier Caribbean Airlines Ltd (CAL) on competing routes with regional airline LIAT. He expressed hope that he could have a meeting…
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Hoping for the best from ‘Caribbean Challenge’
KINGSTON, Jamaica – Last weekend’s meeting of Caribbean political and business leaders in the British Virgin Islands was not the type that would normally attract much attention. However, the issues discussed were most important to the survival of this region. Hosted by Sir Richard Branson, the British billionaire business magnate, on his private Necker Island, the two-day meeting, labelled ‘Caribbean…
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Large earthquake strikes off coast of Chile
SANTIAGO, Chile — The U.S. Geological Survey says a magnitude-6.5 earthquake has struck off the coast of Chile. The quake was recorded at 5:49 a.m. local time (EDT; 0949 GMT) Monday, at a shallow depth of 10 kilometers (6.2 miles), some 600 kilometers (370 miles) from the city of Puerto Quellon. No tsunami warning was issued. Chile’s naval seismology office…
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Woman indicted for conspiracy in bringing Haitians to US
MIAMI, CMC – The United States Department of Justice (DOJ) says a federal judge has unsealed a three-count indictment returned by a grand jury in the Southern District of Florida charging an American woman for her role in bringing 143 Haitian nationals to the United States on fraudulently obtained guest worker visas. The DOJ said Jetta McPhee, 59, of Tamarac,…
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St Vincent PM to deliver lecture as part of Africa Year
St. John’s Antigua- St Vincent & the Grenadines Prime Minister Dr Ralph Gonsalves will deliver a public lecturer here next Thursday as Antigua & Barbuda celebrates the 50th anniversary of the African Unity/African Union and the start of Africa Year. Gonsalves, who has been insisting that the Caribbean must remain part of the leadership on the debate of reparation for…
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