August, 2008

IMF tells Suriname to watch inflation

The International Monetary Fund (IMF) has advised Suriname to tighten its macroeconomic policies against the background of inflation becoming a growing challenge for the country.

Latin America, Caribbean economies growing

In spite of the deteriorating international economic scenario, Latin America and the Caribbean will this year complete six consecutive years of growth, with Gross Domestic Product (GDP) rising 4.7 per cent.

Gustav kills in Haiti; threatens Cuba

Gustav has weakened to tropical storm strength, but not before blamed for killing at least two people in Haiti, flooding communities and damaging homes across the impoverished Caribbean nation. It has stalled over the country, but threatens to turn attention to Cuba next.

Region blasted for lack of attention to arts

Nobel Laureate Derek Walcott has warned the Caribbean against foreign investors whom he asserted do not facilitate or create opportunities for cultural development, at the same time criticising the governments for not investing enough in the arts.

Labour Minister to step in Guyana sugar dispute

Guyana’s Labour Minister Manzoor Nadir is expected to arbitrate in a wage dispute between the Guyana Agricultural and General Workers Union (GAWU) and the Guyana Sugar Corporation (GUYSUCO) that has resulted in another set of industrial action.

EU pact hit by last-minute revolt

Eight months after congratulating themselves for having become the first region within the African, Caribbean and Pacific (ACP) grouping to conclude negotiations with the European Union on a new trade and economic pact, Caribbean leaders are getting cold feet as the time draws near to affix their signatures to the document.

Bermuda outlines action plan to fight crime

The Bermuda government will review the country’s laws, increase police presence on the island’s streets and focus on dealing with anti-social behaviour in the public system as part of a wider plan to stem crime in the island.