News
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FDI to Caribbean increases by 39%: CARICOM BUSINESS
The United Nations Conference on Trade and Development (UNCTAD) says investment flows to the Region reached US$134 billion last year, up from US$88 billion in 2020. According to UNCTAD’ World Investment Report 2022, foreign direct investment (FDI) in Latin America and the Caribbean rebounded from the pandemic-induced slump, growing by 56% and FDI flows to the region had plunged by…
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Bahamas collects $931 million in revenue in 11 months: CARICOM BUSINESS
The Department of Inland Revenue (DIR) in the Bahamas has collected $930.57 million in taxes from July 1, 2021 to end of May, exceeding current FYprojections by $100 million. According to Acting Comptroller of the Department of Inland Revenue Shunda Strachan $136 million came from real property taxes, $712 million was collected in value-added tax (VAT) – of which $220…
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Two CARICOM Member States to access pan-Caribbean digital payment system
(Caribbean Telecommunications Union Press Release) In six months, Barbados and Jamaica are set to become the first Caribbean territories to access a new pan-Caribbean digital payment settlement system, called CaribDollar (Carib$). Carib$, a stablecoin, is the creation of partners Abed Ventures Inc., out of Barbados, and German entrepreneur, Dr. Jan Schröder. This revelation came at the Caribbean Telecommunications Union’s (CTU) webinar, Demystifying…
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CARICOM Secretary-General meets incoming CARICOM Chairman
CARICOM Secretary-General Dr Carla Barnett this week met incoming CARICOM Chairman H.E. President Chandrikapersad Santokhi of Suriname to discuss his new portfolio in the CARICOM Quasi-Cabinet of Industry, and the upcoming Heads of Government Meeting in Paramaribo, 3-5 July 2022.
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TCI on track for full tourism recovery: CARICOM BUSINESS
The Turks and Caicos Islands has seen a tremendous increase in visitor arrivals during the first quarter of 2022 and is on track to make a “full recovery”. According to preliminary data released by the Turks and Caicos Islands Tourist Board, 311,913 visitors arrived in the territory during the first quarter of the year. The Tourist Board also reported that…
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Opening Remarks by Chair of the 49th Meeting of the Community Council of Ministers Hon. Eamon Courtenay, Minister of Foreign Affairs, Foreign Trade and Immigration, Belize
MAY 27 2022 Colleague Ministers Heads of Delegation Secretary General and Deputy Secretary General, Officials It is an honour for me to be chairing this 49th Meeting of the Community Council. I bring you warm greetings from Belize. It is good to be back in the Cooperative Republic for the first time in more than a decade. As I welcome…
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Remarks by CARICOM Secretary-General Dr. Carla Barnett at the Forty-Ninth meeting of the Community Council of Ministers
Honourable Eamon Courtenay, Minister of Foreign Affairs, Foreign Trade and Immigration of Belize, and Chair of the Community Council; Other Honourable Ministers and other Heads of Delegation; Deputy Secretary-General, other Members of EMC and Staff of the Secretariat; Distinguished Delegates; Ladies and Gentlemen. It is my pleasure to welcome all of you to this Forty-Ninth Meeting of the Community Council…
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CARICOM Secretary-General Congratulates Guyana on 56th Independence Anniversary
Congratulatory Message by CARICOM Secretary-General, Dr. Carla Barnett, to President of Guyana, His Excellency Dr. Mohamed Irfaan Ali, on the Occasion of the Fifty-Sixth Independence Anniversary of Guyana Excellency, On behalf of the Caribbean Community (CARICOM), I extend congratulations to the Government and People of the Cooperative Republic of Guyana on the occasion of the country’s Fifty-Sixth Anniversary of Independence…
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Twenty-Fifth Meeting of the Council for Foreign and Community Relations (COFCOR) Virtual: 18 May 2022 – COMMUNIQUE
The Twenty-Fifth Meeting of the Council for Foreign and Community Relations (COFCOR) of the Caribbean Community (CARICOM) was held virtually on 18 May 2022, under the Chairmanship of the Honourable E.P. Chet Greene, Minister of Foreign Affairs, Immigration and Trade of Antigua and Barbuda. The COFCOR was attended by the Honourable Frederick A. Mitchell, Minister of Foreign Affairs and the…
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Invest in agriculture, remove trade barriers, improve transportation – Takeaways From CARICOM Agri Investment Forum Opening
Boosting agriculture production; the need for financial injection in the sector; the removal of trade barriers; and the necessity for reliable, intra-regional transportation came into sharp focus as the CARICOM Agri Investment Forum and Exposition got underway Thursday. Those matters were the common thread of the remarks of the nine featured speakers at the opening ceremony held at the National…
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