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Barbados Central Bank cries foul following OECD attack

central-bank-1Barbados’ international business sector, already in the crosshairs of international tax regulators, is under fresh attack from a familiar foe.

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ECCB Rules Out Devaluing EC Dollar

ECCBSt. Kitts and Nevis (WINN): The Eastern Caribbean Central Bank (ECCB) has ruled out devaluing the EC dollar within the next five years. The Bank’s Managing Director, Jennifer Nero has made it clear that devaluation is not on the cards. She confirmed that there has been “substantial analysis” done on the matter of the value of the EC dollar.

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Barbados headed into the arms of the IMF

davidsimpsonreginaldfarleyHASTINGS, Christ Church, April 16, 2013- Barbados is headed into the hands of the International Monetary Fund on its current economic path. This concern was expressed yesterday to the Freundel Stuart Administration by the Institute of Chartered Accountants of Barbados.

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CAL chairman says airline has passed crisis stage

Rabindra-Moonan450x300The Caribbean Airlines (CAL) board has taken corrective action to deal with the cargo and credit card issues, which have plagued the company for the past two years at a cost of TT$200m.

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Howai: Restructuring coming for debt-riddled CAL

larry howai lgPORT OF SPAIN,  Trinidad April 16, 2013 - Bankruptcy is not an option for debt-riddled State-owned Caribbean Airlines Ltd (CAL), Finance Minister Larry Howai said yesterday.

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U.S. State Department Official For Invest Caribbean 2013

Invest Caribbean2013NEW YORK, NY, 12th May 2013: As the organization for this year's staging "Invest Caribbean Now" gets into high gear, the Obama administration is sending a representative to Invest Caribbean Now to outline the administration's views  on investment in its "third border", the Caribbean.

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Caribbean Airlines reviewing its arrangements with Jamaica?

There are fears that the decision by Caribbean Airlines to cut back on the number of flights from the US to Jamaica is yet another indication that the Trinidad based airline is re-thinking its arrangement with Air Jamaica.

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IMF says Antigua making fiscal progress

IMFWASHINGTON DC—The International Monetary Fund (IMF) says Antigua and Barbuda has made “excellent progress” towards achieving its goal of restoring debt sustainability and macroeconomic stability. An IMF mission headed by Geoffrey Bannister recently completed a review of the 2010 multi-million dollar Stand-By Arrangement (SBA) to the island.

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Consultant- COPA can help Caribbean Airlines

Cal-Airj imagesAN international aviation consultant is suggesting a formula that would assist in turning around the fortunes of Trinidad and Tobago’s Caribbean Airlines Limited (CAL) while at the same time making air transport in the region more efficient with more reasonable pricing.

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TRINIDAD: Duprey can now be considered a wanted man –DPP to probe

Lawrence-DupreyThe decision of former CL Financial executive chairman Lawrence Duprey and group financial director Andre Monteil to not testify at the commission of enquiry into the failure of CL Financial and the Hindu Credit Union (HCU); the lack of sanctions against Duprey and a slap on the wrist for Monteil, has produced unintended consequences: Duprey is now considered a wanted man.

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St.Tourism sector continues to attract significant investment

cruise-ships-at-port-zanteBASSETERRE, St. Kitts, 10th April 2013 – Notwithstanding a decline in investment, St. Kitts and Nevis is reporting that the surplus on the Capital and Financial Account and Other Financing proved sufficient to offset the deficit on the Current Account, resulting in an overall surplus of $66.5 million or 3.2% of GDP.

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Barbados to strengthen as A Financial Services Centre

chris sinckler5BRIDGETOWN, Barbados, April 25- Government is committed to maintaining and strengthening Barbados' role as a leading financial services centre.

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IDB and World Bank approve over a billion dollars for Jamaica

world bank lWashington DC, April 8, 2013 - Following upon today's announcement that the Board of the IMF will be asked to approve a US$900 million dollar facility for Jamaica, the World Bank and the Inter-American Development Bank (IDB) have approved a preliminary allocation of US$510 million each over the next four years ito be committed towards a proposed new Extended Fund Facility with Jamaica.

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Guyana poised to freeze terrorist funds

money-launderingGEORGETOWN,  Guyana - Funds being held by terrorists in Guyana’s financial institutions may soon be frozen and gaming license applicants, executives of companies, cooperatives and insurance companies will be blacklisted and prevented from holding office.

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Black Startup: A crowdfunding platform targeting African American entrepreneurs

BlackStartup-300x79The growing popularity of crowdfunding has created a new fundraising mechanism for women and minority entrepreneurs, groups that have at times felt ostracized by the more traditional ways of raising money to start or grow a business.

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Nevis Premier wants island’s youths to explore self employment

Vance Amory9CHARLESTOWN Nevis, April 23, 2013 -- The Nevis Island Administration (NIA) continues to provide opportunities for employment but Premier and Minister of Finance, Vance Amory believes that self employment is an area the island’s youth should vigorously explore.

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Caribbean looks at US finance laws

NASSAU—The Bahamas will host a one-day Regional Foreign Accounts Tax Compliance Act (FATCA) workshop next week as Caribbean countries seek to comply with new regulations outlined by the United States. Financial Services Minister L. Ryan Pinder said that the workshop is being facilitL Ryan Pinder5ated by the United States Treasury and Internal Revenue Services (IRS).

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Guyana Gov’t defends radio licences to Jagdeo’s friend

Bharrat-Jagdeo1The Guyana government on Saturday sought to explain how a company, whose principal player is bosom friend of former President Bharrat Jagdeo, was granted licenses for radio licenses.

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IMF says no single bullet for Caribbean economic problems

map-of-CARICOM2WASHINGTON, Apr 2, CMC – The International Monetary Fund (IMF) says there is no “single bullet” that will allow Caribbean countries to deal with their various problems such as high debt, low growth, mitigation of vulnerabilities and strengthening financial system.

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Jamaica to Provide $2 Billion for Micro and Small Business Sector

phillips-budget-newThe Development Bank of Jamaica (DBJ) will commit $2 billion to the micro and small business sector this year, to ensure that some 12,250 enterprises can gain access to credit through its network of intermediaries.

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Health Care for all in 2013 Budget, says PM Douglas

dr-vance-gilbert112BASSETERRE, St. Kitts, 2nd April 2013– The people of St. Kitts and Nevis has been assured of the government’s commitment to promoting economic growth and that it does not exist in a vacuum.

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