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Nicholas Galt: Haiti’s a good place to invest

Nicholas-GaltNewly-elected chairman of the Association of American Chambers of Commerce in Latin America (AACCLA), Nicholas Galt, is looking to develop business opportunities in Haiti and he is suggesting that Caricom, of which Haiti is a member, should make travel access of citizens of the country to the region much easier.

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IMF ranks Suriname top three in regional growth

IMF-head-office-300x262PARAMARIBO–The International Monetary Fund (IMF) has increased its economic growth projection for Suriname from 4.5 per cent to 4.7 per cent in 2013. In its latest World Economic Outlook (WEO) published last week, the watchdog says that Suriname is among the top three Caribbean nations that are expected to top the region’s growth. Guyana is projected at 5.3 per cent and Haiti at 3.4 per cent growth, the fund said.

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Call for T&T-Guyana joint ventures

baldeosingh-enmanJoint-venture projects between Trinidad and Tobago and Guyana could be the foundation upon which a unified Caribbean is built, businessman Donald Baldeosingh said yesterday.

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Caribbean finance ministers urge support for small highly vulnerable economies

jim-flaherty-460BASSETERRE, St. Kitts, 17th October 2013 – Ministers of Finance from the Caribbean, Ireland and Canada have urged the World Bank and the International Monetary Fund (IMF) to continue to support small highly vulnerable economies in its new strategy.

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Remittances underpin the lives of many

western-union-1News Americas, LONDON, England, Fri. July 5, 2013: Remittances continue to play a central role in the lives of many families in the Caribbean. Although they help support national economies and provide governments in almost all of the region with additional foreign exchange, their fundamental role is to offset the worst for the poorest, and enable recipients, in most cases, to be able to live a better life.

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High cost of Regional transportation must be addressed - ASG Slater

Dr.-Douglas-SlaterCARICOM - Georgetown, Guyana-  The issue of the high cost of regional air and sea transportation was one of the areas that had to be addressed in the realm of agriculture, said Dr. Douglas Slater, Assistant Secretary-General Human and Social Development, Caribbean Community (CARICOM) Secretariat.

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National EPA Implementation Plans a Key Milestone

epa agreementCARICOM Secretariat, Georgetown, Guyana – July 5, 2013 -     Gains have been made regarding Caribbean Forum of African, Caribbean and Pacific States (CARIFORUM) implementation of the Economic Partnership Agreement (EPA) with the European Union (EU), since the signing of the landmark trade and development accord by fourteen CARIFORUM States in October 2008 and by the fifteenth state, Haiti, in December 2009.

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COTED wants Governments to place agriculture on front burner

ramsammyGeorgetown, GINA, October 11, 2013 - The Government of Guyana and the Agriculture Ministry have come in for high praise by countries of the region for hosting a well organised Caribbean Week of Agriculture (CWA) at the Guyana International Conference Centre (GICC), Liliendaal. The Week culminated with a Ministerial Meeting of the Council for Trade and Economic Development (COTED).

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Economist: Get creative to grow the economy

Mac-Marie1-300x225ST JOHN’S, Antigua – Dominican economist McCarthy Marie is urging regional governments to get creative in the search for new economic opportunities.

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Mottley warns about T&T’s high subsidies

Vasant-Bharat at-ICATTT&T should not feel comfortable that its debt to Gross Domestic Product (GDP) ratio is lower that the rest of the region as the country’s subsidies are consuming a large part of its budget, Wendell Mottley, chairman, Unit Trust Corporation (UTC), said yesterday. 

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Singh takes over from from Corbie at CAL

Cal-Airj imagesVice President of Operations at Caribbean Airlines (CAL), Captain Jagmohan Singh, has been appointed to run the day-to-day operations of the airline following the sudden resignation of acting CEO Robert Corbie on Friday. In an interview, CAL communications manager Clint Williams said, “Captain Jagmohan Singh, the vice president of operations, is currently at the helm. 

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BARBADOS:Debt Situation A Major Hindrance To SIDS

maxine mclean-ccd5A Barbados government minster has espoused the view that small island developing states (SIDS) are constrained in their ability to craft independent solutions as a result of the debt situation.

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Guyana must do more to attract investment- Canadian envoy

david devineWestern Nations, spearheaded by Canada, on Thursday cautioned that investors would not rush to Guyana unless the South American country addresses corruption, protects intellectual property, inks investment accords and revamps some of its laws.

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Region not putting enough into agri research says Ramsammy

wilson-ramsammy-doudetGuyana’s Minister of Agriculture Dr. Leslie Ramsammy has lamented the Caribbean’s almost non-existent investment in agriculture research saying it is a critical pillar in the thrust to meet key developmental goals.

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Jamaica’s first crowd-funding website IsupportJamaica.com to Go Live July

JN-crowd financingJamaican micro entrepreneurs will, by July, have access to funding through a global portal being established by the country’s leading microfinance company, JN Small Business Loans Limited (JNSBL).

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Time for Jamaica to “Walk South”

Antonio DaCosta-e-Silva-NetoKINGSTON, Jamaica, August 27, 2013- Brazilian Ambassador to Jamaica, His Excellency, Antonio Francisco DaCosta e Silva Neto, says that the time has come for Brazil and Jamaica to move beyond exchanges in music and culture, and deepen their trade relations.

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Bharath: CAL looking to deal with spending

vasant 0Approaches have been made to Caribbean Airlines (CAL) to initiate a Colombia/T&T/London route and a Panama/T&T/London route, Trade Minister Vasant Bharath says. At yesterday’s weekly post-Cabinet press conference Bharath said the current focus for the moment was on returning to basics and dealing with capital expenditure. 

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JN Money Transfer Implements New Remittance Procedures

JN-money-transferJN Money Services Limited (JNMS), the remittance arm of the Jamaica National Building Society (JNBS), has implemented new procedures for collecting and sending remittances at its JN Money Transfer locations in western Jamaica and the United States of America.

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Barbados to raise unfair trading practice before COTED

Donville Inniss 450x350Barbados says it will raise with the Caribbean Community Council for Trade and Economic Development (COTED) what it said was unfair competition involving the production of beers in the subregional Organisation of Eastern Caribbean States (OECS).

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Guyana dollar slides amidst speculation

pound-dollarThere are mixed views about why the Guyana dollar is plummeting- reasons include foreign currency gouging, a drop in the price of some exports and diminished confidence in the local economy partly due to political bickering.

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World Bank warning on Caribbean growth

world bank lWASHINGTON DC—The World Bank has warned that growth in the Caribbean “will be held back” by large fiscal adjustments necessary to bring fiscal deficits to sustainable levels and help reduce public debt burdens.

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