News
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Grenada welcomes new ID system for sub-region
ST. GEORGE’S, Grenada, CMC – The Grenada government says it welcomes the new Multi-Purpose Identification System (MPID) for citizens of the Organisation of Eastern Caribbean States (OECS). A government statement said that the system provides a cost-effective, incremental approach to integrating existing identity systems across the nine-member OECS and will offer a unique, inter-operable, best practice means of identifying each…
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CDB raises US$300m to boost regional growth
KINGSTON, Jamaica – RBC Capital Markets, in conjunction with RBC Merchant Bank (Caribbean) Limited, has successfully placed a US$300-million amortising bond issue for the Caribbean Development Bank (CDB) to bolster regional development and stimulate economic growth. The 15-year fixed-rate bond bears interest of 4.375 per cent annually until maturity in 2027, and represents a significant investment inflow into the region,…
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United Nations wants credible elections in Haiti
UNITED NATIONS, CMC – The United Nations Security Council is urging all political actors in Haiti to work constructively on priorities, including credible 2013 elections and security sector reform. The UN has also re-affirmed its commitment to the French-speaking Caribbean Community (CARICOM) country as it seeks to complete its peacekeeping mission in the earthquake battered country. “The members of the…
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New study says small businesses can boost relations between Caribbean and Europe
SANTIAGO, Chile, CMC – A new study says micro, small and medium-sized enterprises (MSMEs) can play a “fresh and significant role” in boosting relations between Latin America and the Caribbean and the European Union (EU). The study titled “Building SME Competitiveness in the European union and Latin America and the Caribbean : Policy Proposals by the Private Sector” was discussed…
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Chile and Caribbean countries pledge closer working relationship
SANTIAGO, Chile, CMC – The 15-member Caribbean Community (CARICOM) grouping and Chile have pledged to continue working together to further strengthen their relationship. A communiqué issued at the end of talks between Chilean President Sebastián Piñera Echenique and CARICOM leaders on Monday, noted “a commitment was also made to work together with the aim to achieve regional integration objectives set…
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Prime Minister speaks of plans to replace his administration with unity government
BASSETERRE, St. Kitts, CMC – Prime Minister Dr. Denzil Douglas Tuesday said dismissed senior government minister Dr. Timothy Harris had asked him to resign as head of the government last month, accusing the former minister of being part of a “conspiracy to bring the government to an end” and establish a unity government in St. Kitts-Nevis. Speaking in Parliament on…
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Patterson’s warning for CARICOM
PORT OF SPAIN, Trinidad – TRINIDAD and Tobago, birthplace of our Caribbean Community (CARICOM), is currently gripped in customary annual Carnival mood. But for one of the best known politicians among former and current heads of government—Jamaica's PJ Patterson—the now almost 40-year-old economic integration movement stands “in danger”. For the former long-serving prime minister of Jamaica, honoured nationally and regionally…
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Former Jamaica PM wants Caribbean leaders to set priorities for regional growth
GEORGETOWN, Guyana, CMC – Former Jamaica prime minister PJ Patterson has called on Caribbean Community (CARICOM) leaders to decide on their priorities as well as set a specific time table in order to accelerate regional growth and development. Addressing the Rotary Club of Georgetown, World Understanding Month dinner on Monday night, Patterson also lamented the fact that CARICOM nationals were…
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