October 20, 2019

World Bank approves US$30.6 million project to build resilience of public health systems in the Organisation of Eastern Caribbean States

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Reproduced Courtesy The World Bank Group By Alejandra De La Paz Melo Communications Associate, Latin America and the Caribbean, The World Bank Group Wednesday, September 4, 2019 — The World Bank’s Board of Executive Directors has approved a US$30.6 million regional health project to improve regional coordination and resilience for public health emergencies and extreme weather […]

Christine Lagarde resigns as head of IMF

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From BBC Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF). It comes ahead of a decision on her nomination to become head of the European Central Bank (ECB). Ms Lagarde said she would leave the IMF on 12 September. “With greater clarity now on the process […]

Caribbean countries to benefit from access to insurance for the Fisheries sector

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Monday, July 8, 2019 — CCRIF SPC and the World Bank are pleased to announce that on July 1, the Facility issued the Caribbean Oceans and Aquaculture Sustainability FaciliTy (COAST) fisheries parametric insurance policy to two of its member governments – Grenada and Saint Lucia. The COAST insurance policies provide coverage for fisherfolk and other players […]

World Bank report recommends actions for sustainable blue economy in the Caribbean

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By Catherine Benson Wahlen From IISD STORY HIGHLIGHTS The report identifies the main sources of marine pollution in the Caribbean, including wastewater and plastics. It proposes a 12-point action plan to reverse the threat of marine pollution in the Caribbean and transition towards a more sustainable blue economy that can preserve ocean resources, build resilience […]

ILO to host major universal social protection conference

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GENEVA (ILO News) – The Global Partnership for Universal Social Protection (USP2030) is to hold a high-level conference at the International Labour Organization headquarters in Geneva, Switzerland, on 5 February from 09.00 – 18.15. Social protection prevents poverty, reduces inequality and is the key to sustained, inclusive economic and social development. The ‘Together to Achieve […]

Is the World Bank funding forced labor?

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From Freedom United The World Bank is an institution that provides loans for developing countries. Right now it is providing almost $500 million to Uzbek agriculture projects. Yet Uzbekistan’s cotton industry has historically relied upon state-sanctioned forced labor. Urge the World Bank to force change or withdraw their funding now! Whilst we have seen progress […]

The Caribbean and climate change: Evil in paradise?

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By Rebecca Theodore From The Nassau Guardian Is there an immediate lifeline for the lives of the more-than-40 million people who now lie in peril in the Caribbean? In no uncertain terms, the ravaging effects of climate change in the Caribbean are rapidly changing the relationship between people and their environment. If for anything, climate change […]

Work on geothermal plant in Dominica, Caribbean could start Q3 2019

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By Alexander Richter From Think Geo Energy The Government of Dominica in the Caribbean has announced that construction of the long awaited geothermal power plant could start as early as in the third quarter of 2019 with funding recently announced by the IDB and Caribbean Development Bank, with funding by the World Bank. As reported […]

The View from Europe: A new approach to tourism analysis is long overdue

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By David Jessop From Dominican Today Since the mid-2000s the ability of the Caribbean tourism sector to  generate rapid economic growth has been widely accepted by international financial institutions such as the IMF, World Bank and the Inter-American Development Bank. This seems to have occurred at the point at which it became apparent that services […]

Dubai emerging market maverick Abraaj gets a lifeline [thanks to Cayman Islands]

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By Kenneth Rapoza From Forbes The past 12 months weren’t great for emerging markets—but it’s been far worse for Dubai-based private equity firm Abraaj Group and its founder Arif Naqvi. Bad fortune of being in the wrong place with the wrong people at the wrong time, including a scandal at a key lender, is what did them in. […]