February 20, 2018

OPINION: Time for Maduro to go

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By Jolly Green Venezuela’s minimum wage is roughly US$10 a month or EC$6.73 a week. Not enough to live on when you consider 12 eggs cost US$10. Food for a family of 3 is US$45 a month, so people are starving, some grow rabbits, chickens and ground provision, others eat dogs, cats and rats. Even […]

Latin America and the Caribbean in 2018: An economic recovery in the making

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By Alejandro Werne From IMF Recent trends in the world economy and financial markets are good news for Latin America. Global growth and trade are on an upswing, and we expect the momentum to continue in 2018. Stronger commodity prices have also helped the region rebound. Benefiting from these better global conditions, Latin America’s economic […]

Venezuelan migrant boat crashes en route to Curacao: Four dead, dozens missing

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From WN At least four people drowned while dozens remain missing after a boat carrying migrants from Venezuela crashed while on its way to the Caribbean island of Curacao on Wednesday, according to The Guardian. Local police told Curacao News that they had recovered the bodies of two men and two women, but were still […]

Venezuelan parliament rejects oil-backed cryptocurrency as problematic and dangerous

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By Youri Kemp Caribbean News Now associate editor From Caribbean News Now CARACAS, Venezuela — The proposed oil-backed cryptocurrency, the “Petro”, set to launch in early 2018, has been challenged by the Venezuelan parliament on the grounds that it would be “illegal” to mortgage the countries oil reserves. The opposition-led parliament has signaled a strong […]

Caribbean fruit and vegs scarcity

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The Caribbean: Increasing scarcity of fruit and vegetables From Fresh Plaza The trade boycott announced against Aruba, Bonaire and Curaçao by Venezuela this weekend is causing a scarcity of fruit and vegetables. Shelves are becoming emptier and emptier in supermarkets. The islands themselves don’t have much agriculture, which is why fruit and vegetable traders from […]

Venezuelan dictatorship considers breaking economic ties with Caribbean islands, Colombian cities

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BY: ORLANDO AVENDAÑO From Panam Post Español Nícolas Maduro’s regime is threatening to suspend all communication and trade with neighboring Caribbean countries such as Aruba, Curaçao, Bonaire — as well as the Colombian border regions of Cúcuta and Maicao — due to supposed organized crime that is, he said, “tearing (Venezuela) apart.” “In Aruba and Curaçao, the […]

Venezuela’s oil industry staggers closer to collapse: A positive catalyst for oil

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By Caiman Valore From Seeking Alpha Summary Venezuela’s debt default significantly increases the likelihood of further significant production declines for PDVSA. The dual impact of sanctions and declining export income could cause Venezuela’s oil industry to collapse. The loss of a significant portion of Venezuela’s oil production would reduce global supplies boosting oil prices. I […]

Partnerships between Caribbean and U.S. banks is growing

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BY TREVOR ALLEYNE AND KRISHNA SRINIVASAN International Monetary Fund’s Western Hemisphere Department From Miami Herald Caribbean countries were blindsided about two years ago, by a serious threat to their economies from the loss of correspondent banking relationships (CBRs), more colloquially termed de-risking. They urged the Washington-based multinational institution, the International Monetary Fund (IMF), to help […]

St Lucia hosts 3rd Annual Latin American and Caribbean Cultural Festival

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By NELCIA CHARLEMAGNE From St Lucia Star Given the close historical bond between the Caribbean region and Central and South America, the five Latin American embassies have collaborated with the St Lucia Audiovisual and Film Association to present the Latin American and Caribbean Cultural Festival (LACFEST) for the third consecutive year. The embassies of Argentina, […]

Stunning Moments 2

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50 stunning moments captured by the award-winning Reuters photography team in 2017 Part 2 By Sarah Jacobs From Business Insider This year, 600 award-winning Reuters photojournalists worked across the world to document both major historic moments and the human stories that might otherwise have gone unnoticed. The team won the Pulitzer Prize in the Breaking […]