United States of America
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Warning for Caribbean countries
WASHINGTON, CMC – Caribbean countries have been warned that while increased financial integration has facilitated the flow of funds and allowed regional countries to overcome scale constraints, the increased interconnectedness has also built systemic risks and increased the likelihood of contagion. An International Monetary Fund (IMF) Working Paper examining the “Financial Interconnectedness and Financial Sector Reforms in the Caribbean” notes…
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International trends consultant to address tourism conference
NEW YORK, CMC – International trends consultant, Daniel Levine, will deliver the keynote address at the Caribbean Tourism Organisation’s (CTO) major State of the Industry Conference in Martinique from October 15-18. Levine is scheduled to deliver the “ultimate lessons on perfect visitor experiences and authenticity to hundreds of the Caribbean’s most influential tourism minds at the region’s leading tourism conference.”…
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World Bank backs Caribbean’s steady poverty reduction
WASHINGTON, CMC – The World Bank has committed US$11.8 billion in the 2013 fiscal year to support Latin America and the Caribbean resilience in the midst of global turmoil. The Washington-based financial institution said this includes resources from its International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA).…
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UN Secretary General praises
CARICOM NEW YORK, CMC –United Nations Secretary General Bank Ki-moon Monday praised the regional integration movement, CARICOM, for its work in shaping the future of the Caribbean. Addressing the seventh general meeting of the CARICOM, its associated institutions and the United Nations, Ban said that the 15-member grouping had demonstrated the strength of a united voice and a common vision…
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CARICOM calls for greater assistance for developing countries like the Caribbean
NEW YORK, CMC – The seventh general meeting of the Caribbean Community (CARICOM), its associated institutions and the United Nations began here on Monday with CARICOM Secretary General Irwin LaRocque underscoring the importance of providing aid to developing countries like those in the Caribbean to ensure their future socio-economic development. In addition, La Rocque, who said the forum provides an…
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Congresswoman welcomes plans to aid Caribbean immigrants
NEW YORK, CMC – Caribbean American Congresswoman Yvette D. Clarke has welcomed a plan by New York City to aid undocumented Caribbean immigrants. New York City officials say the city will spend US$18 million to help undocumented Caribbean and other immigrants find jobs. City Council Speaker Christine Quinn, a mayoral candidate, said the money will fund adult education classes and…
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Multilateral development institutions support sustainable regional development
WASHINGTON, CMC – The leaders of seven multilateral organizations have appealed for global support of a report issued by a high-level United Nations panel calling for ending extreme poverty and promoting sustainable development in the Caribbean and other countries. The Inter-American Bank (IDB) said on Wednesday that the leaders of the multilateral organizations offered their support for the panel’s findings…
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Momentum Shifts in Syria, Bolstering Assad’s Position
BEIRUT, Lebanon — Not long ago, rebels on the outskirts of Damascus were peppering the city with mortar rounds, government soldiers were defecting in droves and reports circulated of new territory pried from the grip of President Bashar al-Assad. As his losses grew, Mr. Assad unleashed fighter jets and SCUD missiles, intensifying fears that mounting desperation would push him to…
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Caribbean American congresswoman wants probe into Zimmerman
NEW YORK, CMC – Caribbean American congresswoman Yvette D. Clarke has joined members of New York City Congressional Delegation in calling on the United States Department of Justice to conduct a “thorough” investigation and possible prosecution of a white neighbourhood watch volunteer who killed an unarmed black youth in Florida. On Saturday, an all-white female jury in Florida found George…
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