June 24, 2021

ECLAC drives debt adaptation swap initiative across the Caribbean

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The Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean has taken steps recently to advance its Debt for Climate Adaptation Swap Initiative. A mission led by Deputy Director, Dr. Dillon Alleyne, met with senior government officials and policy makers in Antigua and Barbuda, and Saint Vincent and the Grenadines, […]

Tax havens and U.S top list of foreign countries with most investments in Israel

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By Hagai Amit From Haaretz Israel has the highest rate of foreign investment relative to gross domestic product, according to a report by the Finance Ministry’s chief economist The United States leads the list of foreign countries with the most investments in Israel, according to a report published Monday by the Finance Ministry’s chief economist. […]

Blacklist: Caribbean Nations caving-in to EU economic threats

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From St Kitts & Nevis Observer A main reason why the UK voted to leave the European Union was its forced subservience to EU laws and regulations that were destroying national sovereignty. Today that EU bully boy pressure is being exported clear across the Atlantic to the Caribbean. The so called EU Blacklist of non […]

Cayman Islands lawyer and activist warns of “a looming financial crisis”

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A looming financial crisis hidden from electorate 2017 and facing Cayman Islands’ Government after elections? By Peter Polack   1.The Cayman Islands Government has failed to include some $1.3 billion of liabilities for post-retirement healthcare benefits and pension liabilities for civil servants in its recently completed consolidated accounts. https://caymannewsservice.com/2015/10/cig-ignoring-serious-liabilities/comment-page-1/ 2.Representatives of the Finance Ministry have […]

Caribbean Maritime Institute accused of employing unqualified and inexperienced educators

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From Jamaica Gleaner The Caribbean Maritime Institute (CMI) is being accused of employing unqualified and inexperienced people to teach its students and breaching international guidelines. Auditor General Pamela Munroe Ellis made the disclosure in a report on an activity-based audit, tabled recently in the House of Representatives. Her findings come as the CMI tries to […]

Rafizi to write to Bank Negara, A-G on 1MDB’s Cayman funds

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From The Malaysian After being repeatedly stonewalled by the Finance Ministry on his queries about 1Malaysia Development Bhd’s (1MDB) RM7.18 billion kept in the Cayman Islands, PKR’s Rafizi Ramli will write to Bank Negara Malaysia (BNM) and the Auditor-General to ask for a probe into the money trail. Invoking the Anti-Money Laundering Act, the PKR […]