Tag: Caribbean Community and Common Market (CARICOM)

Dominica-Flagged Cargo Ship Sinks In Ukrainian Port City After Russian Attack

ROSEAU — A Dominica-flagged cargo ship sank in the besieged southern Ukrainian port city of Mariupol after being targeted by Russian missile strikes, the vessel’s flag registry said. The Azburg was believed to have been without cargo and at berth in Mariupol when it was initially hit by two missiles on April 3, the Dominica […]

Expert Weighs In On BVI’s ‘Perception of Corruption’ Problem With Offshore Accounts

ROAD TOWN, Tortola — International expert on governance Carlyle Corbin will make an official presentation of the independent self-governance assessment of the British Virgin Islands in an interview today. Permanent Secretary in the Premier’s Office Carolyn O’Neal-Morton, said the independent Self-Governance Assessment of the Virgin Islands was commissioned by the Government to provide the public […]

Poor The Hardest Hit In Caribbean and LatAm By Russia’s Ukraine Invasion, IMF Says

CARACAS — The poorest will be the hardest hit across the Caribbean and Latin America by the economic fallout from Russia’s invasion of Ukraine, with the region facing further inflationary pressure, a senior official at the International Monetary Fund said on Wednesday. “High inflation, especially food inflation, affects the poor in our region the most. […]

Caribbean Golden Passport Programs Under Threat Of Termination By EU

The future of Citizenship by Investment Programs (CIP) in the Caribbean is under threat with the European Union set to issue what some may consider an untimely ultimatum, as first reported in the Antigua Observer. Last Wednesday, a vote was taken by the European parliament to ask the European Commission, which can be likened to […]

Caribbean States Block Russians, Belarusians From Membership In Passport Program

POINT-À-PITRE — Several Caribbean countries are canceling programs in which people from Russia and Belarus can buy citizenship for large sums, AFP has learned, as yet more nations punish Moscow for invading Ukraine. These countries include Dominica and Antigua and Barbuda, and in some cases even Ukrainians are being barred from these so-called citizenship by […]

Since COVID-19 Killed Caribbean Economy, U.S. Should Give Debt Relief, Browne Says

SAINT JOHN’S — The COVID-19 pandemic has decimated economies across the tourism-dependent Caribbean costing losses as high as 20 percent in some countries in just one year, the prime minister of Antigua and Barbuda and current chairman of the 15-member Caribbean Community said this weekend. “Our biggest issue is funding at this point,” Gaston Browne […]

ECLAC Member States, Countries Want To Help The Caribbean Overcome COVID Crisis

SANTIAGO, Chile — The Member States and Associate Countries of the Caribbean Development and Cooperation Committee will meet virtually Friday in order to address the challenges posed by the recovery from the COVID-19 crisis. The goal of the grouping is to strengthen economic resilience in the subregion at the twentieth meeting of the Monitoring Committee […]

U.N. Caribbean Arm Revises Region’s 2021 Economic Growth Upwards To 5.9%

SANTIAGO — The Economic Commission for Latin America and the Caribbean (ECLAC) has adjusted upwards its economic growth forecast for the region this year to 5.9 percent, as expectations improve for a global recovery following the COVID-19 pandemic. The United Nations body had projected an expansion in the region’s gross domestic product (GDP) of 5.2 […]

Caribbean Celebrities Are New ‘Disaster Fighters’ For 2021 Hurricane Season

BARBADOS — A slew of leading Caribbean celebrities have adopted the new title of “Disaster Fighters” ahead of the 2021 Atlantic Hurricane Season, which climate scientists forecast will be above normal. Top West Indian cricketers and music stars are joining arms as the new “Disaster Fighters” with The Caribbean Disaster Emergency Management Agency (CDEMA), the regional inter-governmental agency for […]

United States Is Rebuilding A Relationship With The Caribbean Region: OP-ED

Perhaps the most important aspect of the short statement issued in Washington after a first two-hour meeting last week between Antony Blinken, the new U.S. Secretary of State and his CARICOM counterparts was its emphasis on inclusivity. In contrast to the failure of the Trump Administration to demonstrate any sense of partnership with the region […]