July, 2008

Energy crisis could reverse Caribbean gains

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.

Slowdown predicted in EC economies

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.

New resort to transform St Kitts economy, says PM

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.

New measures to arrest Jamaica crime

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.

EC body recommends more shields from rising prices

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.

Guyana gets money to fight climate change

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.