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Antiguan diplomat urges greater private financing to supplement decreasing aid

UNITED NATIONS, CMC - Antigua and Barbuda Ambassador to the United Nations, John Ashe has called for “new and innovative” sources of financing to supplement decreasing official development assistance (ODA) developing countries.
Caribbean Community (CARICOM) leaders had lamented the paucity of ODA in their respective presentations at the just-concluded 68th Session of the UN General Assembly (UNGA) Debate.
Ashe, who is also UNGA president, said there was need for greater private funding and more international trade to sustain economic growth and fuel sustainable development.

Caribbean finance ministers among Commonwealth group meeting with international lending agencies

WASHINGTON, CMC - St. Kitts and Nevis Prime Minister Dr. Denzil Douglas is leading a high-level group of Commonwealth ministers that is ending a two-day visit to Washington on Tuesday after holding discussions with representatives of leading international financial institutions on the issue of debt and financing challenges for developing countries.
The delegation also includes Jamaica’s Finance Minister Dr. Peter Philips and his counterparts from Samoa, the Seychelles and Tonga.

EDITORIAL: Strengthening of Barbados/Guyana ‘friendship’ bond

BRIDGETOWN, Barbados - It is of significance and relevance to note that even before last Friday’s historic decision by the Caribbean Court of Justice (CCJ) in the case involving Barbados and the Jamaican Shanique Myrie was publicly made known, the foreign affairs ministers of this country and Guyana had already initiated a plan of action to improve freedom of movement relations between the two CARICOM partner states.

Professor Beckles: CCJ ruling ‘forward looking’

BRIDGETOWN, Barbados - The recent landmark judgment handed down by the Caribbean Court of Justice (CCJ) in the case of Shanique Myrie versus The State of Barbados, which saw the Court ruling in Myrie’s favour, will have long-term significance in terms of how Caribbean people should be treated, as they move from one jurisdiction to another.
This was the assessment made by Professor Sir Hilary Beckles, Pro-Vice-Chancellor and Principal of the University of the West Indies Cave Hill Campus, as he was asked to comment on the historic decision handed down against Barbados last Friday.

Myrie ruling ‘good for Caribbean’

BRIDGETOWN, Barbados - The Caribbean Court of Justice’s (CCJ) decision in the high profile Shanique Myrie case has implications for the broader freedom of movement regime, says principal of the University of the West Indies Cave Hill Campus, Sir Hilary Beckles.
And according to the regional academic, it should encourage all Caribbean countries to make the CCJ their final appellate court.

Four killed as US contracted counter-drug aircraft crashes in Caribbean

MIAMI, CMC - The United States Southern Command, which overseas US military operations in the Caribbean and Latin America, says a US-contracted detection and monitoring aircraft has crashed into the Caribbean Sea, killing four of its six crewmembers.
The Southern Command, otherwise known as Southcom, said that the crash took place near the Colombia-Panama border, killing three Americans and a Panamanian Air National Guardsman.
It said two Americans survived the crash, and were rescued by Colombian military forces and taken to a hospital in Bogota, the capital.

Cuba/Barbados mark anniversary of 1976 bombing of Cubana flight

BRIDGETOWN, Barbados, CMC – Barbados and Cuba have paid homage to the victims of the 1976 bombing of a Cubana Airlines jet off the coast of Barbados that killed all 73 people on board, lamenting the fact that the masterminds of the attack were never convicted.
Cuba’s Ambassador to Barbados, Mrs Lisette Perez Perez, told the wreath laying ceremony on Sunday that what happened to the Cubana passenger plane on October 6, 1976 was not an isolated incident.

Opposition Leader to appeal ruling against him

KINGSTOWN, St. Vincent, CMC – Opposition Leader, Arnhim Eustace, says he will contest the ruling of the Labour Department ordering him to pay his former secretary, Rishatha Nicholls, EC$16,199.99 (One EC dollar – US$0.37 cents) in severance pay by October 18.
“We will appeal that process. We will go through that whole process,” he told the Caribbean Media Corporation (CMC).
Nicholls said she was not yet prepared to comment on the ruling yet.

IMF predicts modest growth in 2013

WASHINGTON, CMC – After registering “disappointing growth" in 2012, Trinidad and Tobago is poised for a modest recovery in 2013, the International Monetary Fund (IMF) has said.
In a statement, the Washington said the economy is reviving and that maintenance-related outages would continue to hamper the energy sector. It said the non-energy sector should grow around 2.5 per cent and core inflation remains moderate.
The IMF said it estimates considerable slack in the economy and that policy should support the economy in the short run.

Remittances almost triple development aid

KINGSTON, Jamaica - TORONTO, Canada (IDN) — A new report has highlighted the importance of funds remitted home by migrants, which are now nearly three times the size of official development assistance given by rich developed nations and larger than private debt and portfolio equity flows to developing countries.
They exceed the foreign exchange reserves in at least 15 developing countries, and are equivalent to at least half of the level of reserves in over 50 developing countries, says the latest issue of the World Bank's Migration and Development Brief.

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