June 20, 2021

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. […]

ECCB Governor appointed Chairman of CCRIF SPC

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Monday, July 2, 2018 — Eastern Caribbean Central Bank (ECCB) Governor, Mr. Timothy Antoine, has been appointed as Chairman of the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) effective July 1, for a 3-year term. Mr. Antoine succeeds Mr. Milo Pearson who chaired CCRIF’s board from its inception in 2007 and has now retired. At […]

Sir Ronald Sanders: For a change – Welcome World Bank advice

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By Sir Ronald Sanders Attending a World Bank meeting on April 16, I was shocked to hear a senior official of the organization say that, in addressing fiscal deficits, Latin American and Caribbean (LAC) countries should not make “shock adjustments”. This advice is contrary to the traditional prescriptions handed out by the twin international financial […]

Billions sent back to the Caribbean last year – A NAN first

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From NAN Business Editor News Americas, NEW YORK, NY, Weds. April 25, 2018: Guess how much money exactly was sent back to the Caribbean from immigrants globally last year? If you guessed USD 13.5 billion, then you are correct. According to latest remittance inflow data from the World Bank, tallied for the region by News […]

Letter to UN & World Governments re-global warning

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Nine simple steps will remove “Global Warming” (Project No.12, from S.Patnaik-India) Dear United Nations & World Governments, Out of all, there are simple 9 steps to remove global warming within short period Except royal /expensive/costlier cars, all other cars should be banned, mainly in populated cities (more than 1 million). Because of cars we face […]

Time for Latin America, Caribbean to hike tax: World Bank

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By Ulrika Lomas, Tax-News.com, Brussels With economic recovery being reported in Latin American and Caribbean states, a new World Bank report says governments must now look to fiscal policy to reduce their deficits. In “Fiscal Adjustment in Latin America and the Caribbean: Short-Run Pain, Long-Run Gain?,” the World Bank said “fiscal adjustments during good times […]