Tag: Caribbean Community (Caricom)

• Tuesday, July 14th 2015 - 06:07 UTC

  Caricom considering ECLAC proposal to write-off its multilateral debt

  

  The Caribbean Community, Caricom is considering a proposal for the region to pursue gradual write-off of its multilateral debt as a means of economic prosperity. The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC), at the 36th Regular Meeting of the Heads of Government of the Caribbean Community, held in Barbados.

• Tuesday, July 7th 2015 - 07:48 UTC

  Caricom supports Guyana in border dispute with Venezuela, but there's also Petro Caribe

  

  The chairman of a 15-member Caribbean trade bloc said over the weekend that he backs Guyana's government amid an escalating border dispute with neighboring Venezuela. Freundel Stuart spoke at a press conference as Caricom leaders ended a three-day summit in Barbados.

• Thursday, June 25th 2015 - 07:22 UTC

  Guyana gives assurances to Exxon to keep exploring for oil, despite Venezuela's threats

  

  Venezuela’s recent claim on Guyana’s maritime territory is a “legal absurdity” and US oil firm ExxonMobil will continue to work as scheduled, President David Granger has said. Labeling Caracas’ claim as the worst intrusion the country has ever had on its sovereignty, the President said his government has made its position on the claim by Venezuela clear to the oil company.

• Friday, April 3rd 2015 - 07:49 UTC

  Caribbean countries hold for fifth consecutive time OAS Permanent Council chair

  

  The Permanent Representative of Trinidad and Tobago to the Organization of American States (OAS), Neil Parsan DVM, MBA, CACM, RFC, was inaugurated on Thursday as Chair of the Permanent Council of the hemispheric institution, a position he will hold for the next three months and in which he follows the Ambassador of Suriname, Niermala Badrising.

• Wednesday, January 28th 2015 - 07:21 UTC

  US moves into the Caribbean to replace Venezuela as cheap gas supplier

  

  The United States Monday rolled out a new initiative for Caribbean countries to ensure energy security in a move widely seen as distancing the Caribbean from Venezuela for their oil and energy needs.

• Thursday, January 15th 2015 - 08:45 UTC

  Guyana dismisses warning of Commonwealth action for suspending Parliament

  

  Guyana's ruling People’s Progressive Party (PPP) dismissed a warning from Britain that Guyana risks being referred to the Commonwealth Ministerial Action Group after the Caribbean Community (CARICOM) country suspended Parliament in November last year.

• Saturday, January 10th 2015 - 06:49 UTC

  Caricom countries want to use Chinese credit to restructure debt

  

  Caribbean Community countries (Caricom) want to use the three billion US dollar concessionary facility announced by China last year for debt restructuring and refinancing among other initiatives, CARICOM Chairman Perry Christie has said.

• Monday, November 24th 2014 - 07:44 UTC

  IMF monitoring impact of Venezuela's economic stress for Caribbean islands

  

  The International Monetary Fund (IMF) says it is monitoring the potential impact any changes to PetroCaribe, Venezuela’s oil alliance with several Caribbean islands will have on regional economies.

• Wednesday, July 30th 2014 - 08:01 UTC

  Japan's PM Abe at CARICOM summit pledges development support

  

  Heads of Government of the fourteen Caribbean Community (CARICOM) “were heartened” by their Japanese counterpart’s Shinzo Abe positive response to a number of issues raised during their one-day summit in Guyana.

• Wednesday, May 28th 2014 - 08:52 UTC

  Caribbean Community moving closer to decriminalization of marihuana

  

  The Jamaica government is being urged to enact legislation that would decriminalize marijuana as well as establish a medical marijuana industry. The Cannabis Commercial and Medicinal Research Taskforce said Jamaica would significantly benefit from a regulates medical marihuana industry.