News
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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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Canadian priest murdered
PORT AU PRINCE, Haiti, CMC – Police were searching for the killers of Canadian priest who was shot outside a bank minutes after he withdrew US$1,000 on Thursday. Police said 62-year-old Richard E. Joyal had just withdrawn the money from the bank when two men on a motorcycle approached and grabbed a bag he was carrying. The passenger shot him…
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Thousands of jobs created for young Jamaicans in virtual economy
WASHINGTON, CMC– The World Bank says a ground-breaking initiative has created thousands of jobs for young Jamaicans in the virtual global economy. On Wednesday, the Washington-based financial institution announced that Digital Jam 2.0 – a digital job and market fair, has created employment for over 4,000 young people on online platforms. It has also established funds to support start-ups in…
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