finance
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Debt forcing some SIDS to restructure their finances
In the Caribbean in 2014, average public debt levels amounted to 80 per cent of GDP – compared with 34 per cent for developing countries as a whole. According to Helen Clark, Administrator of the United Nations Development Programme (UNDP), debt problems have forced many Small Island Developing Countries (SIDS) to restructure their finances. “Research conducted by UNDP found no…
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Guyana seeking options to enact anti-money legislation
GEORGETOWN, Guyana, Oct 1, CMC – The Guyana government says it is in the process of putting in place alternatives to address the technical deficiencies in its existing legal and financial legislative measures for the assessment of the Financial Action Task Force (FATF). Attorney General and Legal Affairs Minister Anil Nandlall, who led a delegation to Miami for talks with…
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CARICOM Secretariat strengthens internal risks management system
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) The CARICOM Secretariat is actively pursuing enhancements to systems and procedures required of organisations to be entrusted with resources and budget implementation tasks under protocols designed by Development Partners. These enhancements include a process of preparing for a Seven Pillar Assessment that provides assurance that practices are in place to ensure successful implementation and…
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Liliendaal Declaration On The Financial Sector (new Framework For Financial Regulation And Supervision In The Region)
We, the Heads of Government of the Caribbean Community at our Thirtieth Meeting in Liliendaal, Guyana, 2-5 July 2009, affirm our commitment to the principles and objectives of the Caribbean Community as embodied in the Revised Treaty of Chaguaramas establishing the Caribbean Community including the CARICOM Single Market and Economy; Having experienced the negative fallout from the global financial…
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JOINT STATEMENT OF THE THIRD MEETING OF THE CARIBBEAN/UNITED STATES JOINT COMMITTEE ON DEVELOPMENT, FINANCE AND ENVIRONMENTAL ISSUES, 22 JULY 1999, WASHINGTON, D.C.
The Third Meeting of the Caribbean/United States Joint Committee on Development, Finance and Environmental Issues was convened in Washington, D.C., on July 22, 1999, under the Co-Chairmanship of the Hon. Hilroy Humphreys, Minister of Commerce, Industry and Business Development, Antigua and Barbuda, and Mr. John R. Hamilton, Principal Deputy Assistant Secretary of State for Western Hemisphere Affairs. The Meeting was…
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