News
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Australia to help Caribbean deal with climate change issues
BELMOPAN, Belize, CMC – Australia will use its expertise in guiding the Caribbean adapt to climate change and manage its coral reefs. Coral reefs provide benefits to the Caribbean valued at over four billion annually. The reefs of the Caribbean are of great importance in providing shoreline protection, habitat for healthy fisheries and an essential attraction for the tourism sector,…
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ACCA Caribbean study: Credit crunch lowers confidence
PORT OF SPAIN, Trinidad – Confidence is low among Caribbean businesses, with only the largest companies reporting signs of an upward swing in prospects for the future, according new research. The Global Economic Conditions Survey from ACCA (Association of Chartered Certified Accountants) and the Institute of Management Accountants (IMA), which gauges the views of finance professionals across the world, revealed…
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IDB: Remittances sent to Latin America and the Caribbean on the upswing
Remittances sent to Latin America and the Caribbean grew less than 1 percent in 2012 but showed larger increases in countries more dependent on money sent home by migrants living in the United States, according to an Inter-American Development Bank study released Monday. Last year, the region received $61.3 billion in remittances — the money sent by migrants to sustain…
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IMF sees strong growth, lingering risks in the Caribbean
WASHINGTON, CMC – The International Monetary Fund (IMF) says the Caribbean and other low-income countries are among the fastest-growing economies in the world, but warn that many remain vulnerable to shocks and spillovers from advanced and emerging markets. “Low-income countries have worked to develop institutional capacity and build fiscal buffers that they were able to use during the crisis, and…
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Looking beyond populism in Latin America
America GEORGETOWN, Guyana – With Nicolás Maduro’s narrow victory in Venezuela’s presidential election still being contested by the Venezuelan opposition, even though he has already been sworn in as president, there is a growing feeling that, with a majority of only 50.7 per cent of the popular vote, the self-styled ‘son’ and heir of Hugo Chávez may well be in…
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Amnesty International calls for end indefinite detention in Guantánamo Bay
LONDON, CMC – The London-based human rights watchdog, Amnesty International, has urged United States authorities to urgently end indefinite detention at Guantánamo Bay, Cuba, following reports that more than half the detainees are now on hunger strike. According to Amnesty International, it has been confirmed that 84 of the 166 detainees held at the US naval base are on hunger…
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Chris Gayle can save Test cricket
KINGSTON, Jamaica – Chris Gayle's astonishing 175 not out in the IPL is still being widely talked about. The innings itself is astonishing enough: 175 from 66 balls with 17 sixes is unheard of, and the admission by Chris that he “slowed down” in the middle is mind-boggling. We celebrate the innings and, indeed, the man now, but the real…
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Opposition leader ready to face challenge for party leadership
CASTRIES, St.Lucia, CMC-Leader of the opposition United Workers Party (UWP), Stephenson King, says he is ready to make a claim for re-election to the leadership of the party as it prepares for its July convention. The former Prime Minister’s announcement came in the wake of a declaration by his former Tourism Minister Allen Chastanet that he is giving serious thought…
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