News

  • World Bank praises Grenada

    WASHINGTON, CMC – The World Bank says Grenada has advanced towards fiscal governance and investment promotion and that it is also seeking to modernise several areas of its operations as part of a project to enhance fiscal governance and promote investment. The Washington-based financial institution said the new Keith Mitchell administration developed capacity in the conformity assessment for exported goods,…

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  • World Bank helps to improve secondary education in St. Vincent

    WASHINGTON, CMC – The World Bank says it is helping to improve the quality of secondary education in St. Vincent and the Grenadines. The Washington-based financial institution said this is being done through a project that trains more teachers and provides more classrooms. The bank said that, since 2004, it has supported the government in constructing and rehabilitating secondary schools…

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  • FATCA a challenge

    BRIDGETOWN, Barbados – According to the Minister of Finance, the Foreign Account Tax Compliance Act (FATCA) is being viewed as a challenge that must be overcome. The main objective of FATCA is to ensure that the United States’ Internal Revenue Service (IRS) can identify and collect taxes from US taxpayers abroad. It applies to commercial banks and financial institutions with…

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  • Haiti urges closer cooperation as ACS begins fifth summit

    PORT AU PRINCE, Haiti, CMC – Haiti welcomed delegates to the Fifth Summit of the Association of Caribbean States (ACS) with Foreign Minister Pierre Richard Casimir, indicating that the event is essential in strengthening regional cooperation. Several Caribbean Community (CARICOM) countries are being represented at the summit that is being held under the theme “Revitalizing the Vision of the Association…

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  • Nicholson to address Jamaican travel across CARICOM

    KINGSTON, Jamaica – DECLARING THAT Jamaica is by no means satisfied with how the free movement of nationals across the Caribbean Community (CARICOM) region is being facilitated, Minister of Foreign Affairs and Foreign Trade AJ Nicholson has announced that the Government is gearing up to take the matter to the highest level of the CARICOM secretariat for discussions. Nicholson, who…

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  • 87 dead in Bangladesh garment factory collapse

    SAVAR, Bangladesh (AP) — An eight-story building housing several garment factories collapsed near Bangladesh's capital Wednesday morning, killing at least 87 people and trapping many more in a jumbled mess of shattered concrete and bricks, officials said. The collapse stirred memories of a fatal fire at a garment factory in November that killed 112 people and raised an outcry about…

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  • Global rum ignores Caribbean roots

    KINGSTON, Jamaica – When you're talking about rum, how much does the Caribbean really matter? For the rum world, it's a more serious question than it sounds, and the answer exposes a schism in the industry, a divide between massive producers who value uniformity in a global market and smaller players and connoisseurs who prefer nuanced production that reflects the…

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  • EDITORIAL: Liberty, safety and prejudice

    BRIDGETOWN, Barbados – PARTICIPANTS in the ill-fated Boston Marathon could not have known or anticipated that a fatal bombing awaited them at the finish line. This incident again raises the ugly spectre of terrorism, which knows no bounds. We have previously said that although we are not in the line of fire, the Caribbean is not entirely immune from such…

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  • GUEST OPINION Suffer the children, suffer the country

    NEW YORK – Children are every country’s most vital resource. This is true not just morally, but also economically. Investing in the health, education, and skills of children offers the highest economic returns to a country. A new study by the UN Children’s Fund (UNICEF) shows which high-income countries are doing well when it comes to making these investments –…

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  • Government moving to liberalise electricity sector

    ST. GEORGE’S, Grenada, CMC – Grenada says it will use funds provided by the World Bank to facilitate the liberalisation of its electricity sector as part of an initiative being undertaken by other countries within the Organisation of Eastern Caribbean States (OECS). Public Utilities Minister Gregory Bowen told Parliament that EC$1.4 million (One EC dollar = US$0.37 cents) from the…

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