News
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Deputy PM sides with dismissed senior Cabinet minister
BASSETERRE, St. Kitts, CMC – Deputy Prime Minister Sam Condor continued his public spat with Prime Minister Dr. Denzil Douglas by publicly opposing his decision to dismiss senior government minister Dr. Timothy Harris over the weekend. In a statement, Condor, who has sided with Harris on opposition a number of government measures and policies in the past, said he found…
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IMF projects modest growth in the Caribbean
WASHINGTON, CMC – As the Caribbean reels from the global economic crisis, the International Monetary Fund (IMF) predicts that growth will “strengthen gradually” this year. In an update to its World Economic Outlook (WEO), the Washington-based financial institution said the constraints on economic activity will start to ease this year. The IMF projected a 3.6 per cent growth in Latin…
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Jamaica close to finalising agreement with IMF
KINGSTON, Jamaica, CMC – The Jamaica government says it is close to finalising negotiations for the long-awaited Stand By Agreement (SBA) with the International Monetary Fund (IMF). The National Executive Council (NEC) of the ruling People's National Party (PNP's) met on Sunday and afterwards PNP chairman, Robert Pickersgill, told reporters that it will not be business as usual as the…
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UN Security Council supports Haiti in preserving stability
The UN Security Council said Monday that it remains committed to supporting the Haitian people in pursuit of peace, stability and prosperity. Masood Khan, president of the Security Council for this month, reaffirmed the commitment in a statement issued here after the UN body received a briefing by Mariano Fernandez, special representative for the secretary-general for the UN Stabilization Mission…
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United States issues final regulations to combat Caribbean offshore tax evasion
WASHINGTON, CMC – The United States Department of the Treasury and the Internal Revenue Service (IRS) have issued what they describe as “comprehensive final regulations” to combat Caribbean and other offshore tax evasion. The departments said the reporting and withholding tax provisions, commonly known as the Foreign Account Tax Compliance Act (FATCA), “target non-compliance by US taxpayers using foreign accounts.…
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Voters reject plans to legalise gambling
NASSAU, Bahamas, CMC – Bahamians voted overwhelming in a national referendum on Monday to reject proposals legalising web-shop gambling and a national lottery. Preliminary results showed that by a margin of almost two to one, the voters in this Caribbean Community (CARICOM) country voted “No” to the questions on “Do you support the regulation and taxation of web shop gaming…
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ACP welcomes new sugar vote in European Parliament
BRUSSELS, CMC – The Chairman of the African Caribbean and Pacific (ACP) Sugar Subcommittee, Dr. P.I. Gomes, has welcomed a vote in the European Parliament Committee on Agriculture and Rural Development which supports the extension of the current quota provisions until 30 September 2020. The ACP says the extension of sugar quotas will help to ensure fair, stable and reasonable…
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