News
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Caribbean expected to grow 4.1% in 2021, ECLAC says: CARICOM BUSINESS
A new “Economic Survey of Latin America and the Caribbean” report released by ECLAC raised its growth forecast for the Region from 5.2% in July to 5.9%. Despite the encouraging improvement, these figures remain below par to bounce back from 2019’s Gross Domestic Product (GDP) with the Caribbean posited to grow by 4.1%. The growth in 2021, according to the…
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First CARICOM-Africa Summit to be held 7 September
History will be made on 7 September 2021, when the inaugural CARICOM-Africa Summit is held. Kenya will host the virtual event under the theme ‘Unity Across Continents and Oceans: Opportunities for Deepening Integration’. His Excellency Uhuru Kenyatta, President of Kenya, will chair the Summit. Kenya’s President Uhuru Kenyatta will chair the Summit Plans for Kenya to host a CARICOM and…
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CARICOM congratulates Trinidad and Tobago on its 59th Independence Anniversary
The Caribbean Community (CARICOM) has congratulated the Government and People of Trinidad and Tobago on the country’s fifty-ninth anniversary of Independence which it celebrates on 31 August 2021. In a congratulatory message to Trinidad and Tobago’s Prime Minister Dr Keith Rowley, CARICOM Secretary-General Dr Carla Barnett also praised the commitment of the Government and People to regional integration. Here is…
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CCRIF to pay out US$40 million to Haiti after earthquake: CARICOM BUSINESS
Catastrophe Risk Financing Facility (CCRIF) SPC will make a payout of approximately US$40 million to the government of Haiti following the devastating magnitude 7.2 earthquake that struck Haiti on August 14th, 2021, significantly impacting the city of Les Cayes. This payout represents the full coverage limit under the country’s parametric insurance policy for earthquakes for the 2021/22 policy year. As…
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Guyana rolls back freight charges to pre-pandemic levels: CARICOM BUSINESS
Effective August 1, 2021, Guyana by statute reduced freight charges to pre-pandemic levels (March 31, 2020) in the calculation of customs duties, excise taxes, and input VAT on goods imported. This facility however expires on January 31, 2022. This was occasioned by marked increase in shipping costs from some countries, moving from an average of US$2,500 to as much as…
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CARICOM SG turns sod for new Official Residence
In his last official public activity, outgoing CARICOM Secretary-General Ambassador Irwin LaRocque on Friday joined the Prime Minister of Guyana, Brigadier (Ret’d) Mark Phillips, at a sod-turning ceremony for an official residence for the CARICOM Secretary-General. CARICOM Secretariat and Guyana Government officials join Secretary-General Ambassador Irwin LaRocque (3rd left) and Prime Minister Brigadier (Ret’d) Mark Phillips (4th left) for…
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Attack on Prime Minister Gonsalves ‘an affront to our democratic principles’’ – CARICOM Secretary-General
The Caribbean Community (CARICOM) condemns in the strongest terms the violent attack on the Prime Minister of St Vincent and the Grenadines, Dr The Honourable Ralph Gonsalves. This reprehensible act is an affront to our democratic principles and practices. The conduct of peaceful protest is a fundamental civil and political right that represents a healthy element of our democracy. Its…
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Barbados records growth of 5.5%: CARICOM BUSINESS
Barbados has recorded growth of 5.5% during the April to June quarter of 2021. That’s the word from Governor of the Central Bank of Barbados Cleviston Haynes who is predicting growth of 1 to 3% for calendar 2021. Haynes said the performance of the economy continued to be constrained by the protracted COVID-19 pandemic, which resulted in a dramatic falloff…
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Cayman implements 5-phase tourism re-start strategy: CARICOM BUSINESS
The Cayman Islands has announced a five-phase approach to reopening its tourism sector. During the first phase or ‘reduced quarantine period’, which began in June, fully vaccinated travellers are subject to a mandatory 5-day quarantine while the unvaccinated undergo 14-days isolation. In the second phase, or “reduced reparations restrictions”, effective August 9, additional travel restrictions will be eased, including the…
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CARICOM congratulates The Bahamas on its 48th Independence Anniversary
The Caribbean Community (CARICOM) has extended congratulations to the Government and People of The Bahamas on the country’s Forty-Eighth Anniversary of Independence. CARICOM Secretary-General Ambassador Irwin LaRocque in a congratulatory message to the Bahamian Prime Minister Dr Hubert Minnis, said the theme chosen for the milestone “A Celebration of Life: Revive us Again” is one in which the wider Community…
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