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bahamas

Concerns over drought in the Region

Drought in parts of the Caribbean during the first half of 2025 is a cause for concern for the Caribbean Drought and Precipitation Monitoring Network (CDPMN).

In its Drought Bulletin for January 2025, the Caribbean Institute for Meteorology and Hydrology (CIMH) – under which the CDPMN operates – advised that short-term drought could affect small rivers, streams and ponds in the northern Bahamas islands and Cuba by the end of March.

Barbados Gov’t caps fuel prices - CARICOM Business

Effective August 19, consumers in Barbados will be paying less for gasoline and diesel as Prime Minister Mia Mottley announced that the price of fuel at the pump will be capped for the next five months.

Gasoline will cost BDS$4.48 (US$2.24) per litre, while diesel will be BDS$4.03 (US$2.01) until January 31, 2023. Mottley also said that the cap on the Value Added Tax (VAT) on gasoline and diesel, which was put in place five months ago, would be kept in place.

TT Central Bank authorises first company to issue e-money - CARICOM Business

The Central Bank of Trinidad and Tobago has issued a provisional registration to PayWise Limited as an electronic money (e-money) issuer. The provisional registration authorises PayWise to issue e-money in Trinidad and Tobago from September 1, 2022, becoming the first entity, apart from banks and non-bank financial institutions, so authorised.

PayWise will also be allowed to enlist new customers. PayWise is registered as a payment service provider since 2019 by CBTT.

CARIFORUM Capacity Building Intervention starts:  Youth investment, policies and prevention programmes, partnerships emphasised

The importance of investing in youth, including treatment and rehabilitation for those who are using and addicted to alcohol and other drugs, was underscored at the Official Opening of the Regional Adolescent Training Workshops on 4 February 2019 in Trinidad and Tobago. To this end, partnerships, relevant policies and adolescents’ prevention programmes, among others, were emphasised by speakers who represented the CARICOM Secretariat, Delegation of the European Union, Organisation of the American States (OAS) and the Government of Trinidad and Tobago.

After record Sargassum influx, CRFM initiates fact-finding study in CARICOM States

The Caribbean Regional Fisheries Mechanism (CRFM) has initiated a regional fact-finding study to document the record-breaking influx of Sargassum seaweed in the Caribbean Sea in 2018, and the impacts this phenomenon has been having on countries in the region since 2011.

The fact-finding survey is funded by the Japan International Cooperation Agency (JICA), that has coordinated official development assistance from Japan to CARICOM States for over two decades.