Assistant Secretary General of the Organisation of American States (OAS), Ambassador Albert Ramdin, has warned that urgent and concerted action is needed to prevent energy uncertainty from reversing the Caribbean’s development.
Economic activity in the member territories of the Eastern Caribbean Currency Union (ECCU) is estimated to have expanded five percent last year, but growth is expected to slow down this year due to a declining global economy and rising food and commodity prices.
Trinidad and Tobago has no reason to worry about running out of gas reserves anytime soon, according to a recent report.
Jamaica is set to enter an arrangement with Colombia to expand hydrocarbon resources.
St Kitts and Nevis Prime Minister and Minister of Tourism, Dr Denzil Douglas has welcomed the start of construction of the US$30 million Silver Reef Resort at Frigate Bay, saying it will not only assist in the transformation of the national economy, but also provide job opportunities for the nation’s people.
The Cabinet of Prime Minister Denzil Douglas has approved around EC$1.5 million (US$572,519) in concessions for several businesses in St Kitts and Nevis to boost the country’s tourism sector.
The shortcomings of globalisation must be amended by more globalisation, according to the World Trade Report 2008, released by the World Trade Organisation (WTO).
FirstCaribbean International has copped the award for Best Bank in Barbados in the Euromoney Awards for Excellence 2008.
Jamaica’s Prime Minister Bruce Golding has announced an anti-crime plan that provides for longer prison terms for gun crimes, a tripling of the time period suspects can be held in custody, tougher bail conditions and the use of DNA evidence in solving crimes.
The Monetary Council of the Eastern Caribbean Central Bank (ECCB) has recommended that member governments formulate and implement more targeted social protection interventions which would shield the vulnerable groups from elevated food and energy prices but protect the recent fiscal gains.
Jamaica says it intends to make its voice heard on a controversial draft agreement that proposes a severe reduction to the current tariff for bananas entering the European market.
The region is moving towards crafting a collaborative response to combating the current epidemic of Chronic Non Communicable Diseases (CNCDs).
The St Kitts and Nevis government is closer to deciding on an increased minimum wage for workers there, with Cabinet indicating it will give its final verdict soon.
Guyana is one of the first 14 developing countries that the World Bank will pay to combat tropical deforestation and climate change, under a new partnership and international financing mechanism.