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The PetroCaribe Economic Zone proposal

GEORGETOWN, Guyana – Guyana is reportedly examining a proposal to set up a PetroCaribe Economic Zone (PEZ), made by Venezuela at the PetroCaribe summit held earlier this month in Caracas and attended by Prime Minister Samuel Hinds. According to Venezuelan Oil and Mining Minister Rafael Ramírez, this initiative will widen the role of PetroCaribe beyond the provision of oil at favourable prices, allowing inter alia for the strengthening of fair trade mechanisms among participating countries.

Barbados calls for assistance for countries to deal with recession

BRIDGETOWN, Barbados, CMC – The Third Inter-American Development Bank (IDB) Annual Retreat of Caribbean Civil Society Consultative Groups (ConSoC) is ending here on Friday with Barbados urging the Washington-based financial institution to create new, interesting, innovative and adaptable strategies to countries deal with the ongoing global economic recession. “We believe that the IDB, through its extensive research and human resource capacity, should be able and will be able to meet the challenge of working with our countries to safely navigate the choppy waters of this international recessio

Barbados ‘cut off’ due to economic development

BRIDGETOWN, Barbados - Minister of Finance Chris Sinckler has expressed concern that the economic development of Barbados and other small open economies has been used as a “bludgeoning instrument” against them when it comes to concessional financing from entities like the World Bank and preferential access to markets internationally. Sinckler made the remarks yesterday, as he addressed the Inter-American Development Bank’s (IDB) Third Annual Retreat of Caribbean Civil Society Consultative Groups at the Hilton Barbados, hinting that Government may have to possibly look to the IDB for assistance

Jamaica creates FATCA intermediary

KINGSTON, Jamaica - Jamaica plans to set up a central authority led by the central bank to report on the financial activities of US taxpayers to their government, which has been on a three-year campaign to track down tax cheats.
Its the latest move by the Jamaican Government to assist local institutions to comply with a new US hegemonic tax act called the Foreign Account Tax Compliance Act (FATCA). It requires local financial institutions to disclose information to the US government or face a 30 per cent penalty on income.

UN anti-cholera plan in Haiti ‘failing’

UN efforts to tackle cholera in Haiti are "almost non-existent", a charity says, as the world body faces court action for inadvertently starting a cholera epidemic in the country.
Late last year, the UN launched a $2.2bn-appeal (£1.5bn) to improve water supplies in Haiti.
But Medecins Sans Frontieres says this has had almost no practical effect.

Trade on agenda as China’s leader visits

PORT OF SPAIN, Trinidad - The official visit to T&T by China’s new head of state President Xi Jingping has generated different levels of expectation among Caricom member states. For the countries that have maintained strong diplomatic ties with the People’s Republic of China, the anticipation is that President Xi might unveil a new aid package specifically designed for the region.

China’s President to meet with Caribbean leaders

PORT OF SPAIN, Trinidad (CMC ) — China's President Xi Jingping arrives here today for a three-day visit during which time he will meet with Caribbean Community (CARICOM) leaders.
The visit follows that of the United States Vice-President Joe Biden earlier this week and according to a Chinese Embassy statement it is to "further increase political trust and consolidate friendship and co-operation with the entire region".

PM Gonsalves wants 90-minute talks with Trinidad PM on fuel subsidy

KINGSTOWN, St. Vincent, CMC – Prime Minister Dr. Ralph Gonsalves says he has requested a 90-minute meeting with his Trinidadian counterpart, Kamla Persad Bissessar, next month to discuss the Caribbean Air Navigation and Advisory Services (CANAS) and regional airline, LIAT. Gonsalves said when he was in Port of Spain on Tuesday for talks with United States Vice President Joe Biden “I spoke to the Prime Minister of Trinidad and Tobago and I suggested to her that when we have the Heads of Government meeting in July, I asked her if she could put aside about 90 minutes (so) that we can talk”.

CARICOM needs new approach in dealing with US

PORT OF SPAIN, Trinidad - That Prime Minister Kamla Persad-Bissessar chose to characterise CARICOM’s talks with US Vice-President Joe Biden as “brutal” is probably indicative of more than a measure of resistance on the part of the US vice-president of the many demands made for American assistance and antagonistic follow-through by regional leaders.

Cuba to host Caribbean Film Market

BRIDGETOWN, Barbados, CMC – Cuba is to host the International Forum and Caribbean Film Market next month.
The June 13-15 event is being organised by the Travelling Caribbean Film Festival and provides a greater visibility to the films produced by Caribbean film makers.
The forum, which is a parallel event to the fifth edition of the Travelling Caribbean Film Festival, provides a unique opportunity for dialogue, knowledge exchange between film makers in the region and distribution, exhibition and film programming professionals from various countries around the world.

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