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CARIBBEAN-TRADE-CARIFORUM countries examine EPA Standby facility

BRIDGETOWN, Barbados, Apr 12, CMC – Caribbean Forum (CARIFORUM) countries have been urged to take advantage of the standby facility for capacity building under the Economic Partnership Agreement (EPA) that was signed with the European Union in 2008.

Addressing a Caribbean Development Bank (CDB) organised Technical Briefing Meeting on the EPA Standby Facility for Capacity Building, Clairvair Squires, said the facility is intended to assist CARIFORUM states by underpinning national institutional capacities

EDITORIAL: Tensions rise on Korean Peninsula

BRIDGETOWN, Barbados, Nation News - Tensions in the Korean Peninsula must be of concern to all of us even though it is on the other side of the world. So much so that uncharacteristically China, North Korea’s only ally, was forced to speak out. China’s new President Xi Jinping, at an economic forum in Hainan Province, though not calling names, said “no one should be allowed to throw a region and even the whole world into chaos for selfish gains”.

PM lauds Thatcher’s contribution

BRIDGETOWN, Barbados, Nation News - The late Margaret Thatcher was impossible to ignore and was one of a handful of leaders who lent her name to an era.
This is the view of Prime Minister Freundel Stuart who, in signing the condolence book for the former British Prime Minister, said no one could deny that between 1979 and 1990 Baroness Thatcher made a profound impact on the politics of Britain and the world.

What’s the plan?

BRIDGETOWN, Barbados, Nation News - Government is being told to “come clean” with the people since the Central Bank’s call for an about turn in economic strategy reflects what the Opposition was saying all along.
That was Leader of the Opposition Mia Mottley’s reaction to the bank’s statement that Government’s medium term fiscal strategy (MTFS) must be brought back on track and a new adjustment strategy implemented.

PM Mitchell: Holding Budget will give Grenadians hope

BRIDGETOWN, Barbados, Advocate - THE Keith Mitchell-led New National Party (NNP) will soon be presenting a Budget in Parliament for the benefit of the people of Grenada, and though it has been described as a “Holding Budget” until the final Budget comes on stream in December, Mitchell is expecting the proposals contained therein to offer some measure of hope to Grenadians.

No need for IMF

BRIDGETOWN, Barbados, Advocate - There is no need for an International Monetary Fund (IMF) ‘rescue mission’ for Barbados. This was the assertion coming from Central Bank Governor, Dr. Delisle Worrell, following a contraction in the economic performance of the first quarter of 2013, and with virtually flat projections for the economy. Speaking at press conference at the Central Bank to discuss the economy’s performance, the Governor, “So long as you have foreign exchange reserves and the exchange rate is secure then there is no possibility of an IMF programme.

Not in LIAT!

BRIDGETOWN, Barbados, Nation News - Grenada’s Prime Minister Dr Keith Mitchell has made it clear that his country is not pumping any funds into LIAT until the regional airline gets “its act together” and reduces its wastage. Speaking yesterday at a Press briefing at Highgate Gardens, St Michael, Mitchell, who is embarking on his fourth term as leader of the “Spice Isle”, said that LIAT continued to be an inefficient operation. “I will not continue to invest in an operation if it continued to be inefficient and not responsible,” he said.

Contraction

BRIDGETOWN, Barbados, CMC – The Central Bank of Barbados Tuesday said that the local economy contracted by 0.4 per cent in the first three months of 2013 and urged the authorities to put “back on track” the fiscal consolidation strategy as well as a new medium term adjustment strategy to turn around the island’s economic fortunes.

EU putting resources to develop innovative youth

BRIDGETOWN, Barbados, Advocate -The European Union (EU) is funding programmes and providing resources to ensure that young creative minds are given more opportunities to develop their craft.

Working with the government, the hope is to further enhance the resources within the Fine Arts Division at the Barbados Community College while calling on teachers to explore multiple intelligences and varied teaching styles to accommodate the diverse learning styles of students.