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US and Guyana sign Open Skies Agreement

openskiesGEORGETOWN, Guyana, March 27, 2013 - The way has been cleared for a fully liberalized air transportation of passengers and cargo between the United States (US) and Guyana, with the signing of a long awaited Open Skies Agreement between both counties on Monday.

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Antigua is willing to forego compensation from US in favour of gambling rights

online-gambling-7ST JOHN’S, Antigua – Antigua & Barbuda is holding firm in its demand for adequate compensation if the United States maintains its unwillingness to allow the Government of Antigua access to its lucrative on-line gambling market.

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China to provide $2 billion for Latin America and the Caribbean Co-financing Fund

WASHINGTON, DC -The Inter-American Development Bank (IDB) and the People's Bank of China (PBC) approved the China Co-financing Fund for Latin America and the Caribbean to support public and private sector projects that promote sustainable economic growth in the region.

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CariCRIS lowers Barbados credit rating

BarbadosBRIDGETOWN,  Barbados, March 22, 2013 - Caribbean Information and Credit Rating Services Limited (CariCRIS) has lowered Barbados credit ratings on the debt issue of US$300 million (BDS$600 million) of the Barbados Government to CariA+ (foreign currency rating) and CariAA- on its local currency rating and CariAA on the regional scale.

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CARIFORUM Agriculture Gets 8.6 Million Euro boost

CARICOM, Georgetown, Guyana - March 15, 2013 -  Secretary-General of the Caribbean Community (CARICOM) Ambassador Irwin LaRocque has welcomed an €8.6 million euro programme to boost the Region’s agriculture sector.

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Jamaica's Ambassador outlines available investment opportunities in Ja

stephen vasciannieWashington DC , March 23, 2013 - Jamaica’s envoy to the United States, Professor Stephen Vasciannie has outlined several investment opportunities now available in the country In an effort to attract a greater level of investment to Jamaica.

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Stanford receivers reach agreement

allen-stanford8ST JOHN’S—The battle between receivers in the United States and Antigua over the dispersal of Allen Stanford’s frozen assets has seemingly reached a truce.

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GUYANA - Radio licence issue being misrepresented by a “hostile media” says Luncheon

rogerluncheonCabinet Secretary Dr. Roger Luncheon on Thursday blasted the “hostile media” for its representation of the recent disclosure of radio frequency allocation dubbing it “highly inflammatory and misinforming.”

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Opposition concerned over Antigua’s cash crisis

St. John’s Antigua- Leader of the Opposition Gaston Browne is warning government could be forced to renew its arrangement with the International Monetary Fund (IMF) as it faces increased difficulty meeting financial obligations.

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Over 15-thousand former BAICO policy holders recapitalized says Sagicor

SagicorSagicor says as a result of its acquisition of British American Insurance Company’s (BAICO) traditional insurance business to Sagicor, over 15,000 former BAICO policyholders have had their policies recapitalized, and are once again able to enjoy their original policy terms and access their insurance benefits.

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Mobile phone money transfer comes to Guyana

mobile-moneyGuyanese can now transfer funds and pay some bills whether they are in the remote hinterland corners of the country or the densely populated coastland through their cellular phone on the Guyana Telephone and Telegraph (GT&T) network.

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Caribbean’s first gold refinery expected to earn billions

Kaloti officials in SurinamePARAMARIBO, Suriname, Monday March 18, 2013 - The Government of Suriname has embarked on a joint venture with the Kaloti Group of Dubai to establish the first gold refinery in the Caribbean.

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Moody’s downgrades Jamaica

KINGSTON, Jamaica, Thursday March 7, 2013 - The United States-based rating agency, Moody’s Investor Services has cut Jamaica's sovereign foreign currency credit rating to Caa3 from B3, citing the recent domestic debt exchange as a distressed event that still leaves the country with a high debt burden.

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Grenada default has negative implications for ECCU - Moody's

moodys140NEW YORK, United States, March 19, 2013 - A major international credit rating agency says the liquidity crisis leading to Grenada’ default on its US and Eastern Caribbean (EC) dollar bonds is “credit negative” for the country and elevates the risk of distress spilling over to member countries in the Eastern Caribbean Currency Union (ECCU).

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‘Significant progress’ made by Antigua & Barbuda – IMF

St. John’s Antigua- The International Monetary Fund (IMF) says Antigua & Barbuda has made “significant progress” towards meeting the goals of its fiscal consolidation programme and reduce debt and that it expects the economic recovery to continue in 2013.

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Sagicor says BAICO life insurance transfer finalised

16ec7nxb19 March 2013 | 09:00am - Sagicor Financial says following approvals from all nine Insurance Regulators and Courts within the ECCU and The Bahamas, the transfer of British American Insurance Company Ltd's traditional insurance business to Sagicor  has been finalised.

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T&T - Colman summons Duprey, Monteil to Clico enquiry

Former CL Financial chairman Lawrence Duprey as well as former group financial director Andre Monteil, have been summoned by commission chairman Sir Anthony Colman, to appear before the Clico/HCU commission of enquiry next Tuesday.

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St. Kitts/Nevis and Colombia discuss bi-lateral cooperation

BASSETERRE, St. Kitts, 17th March 2013– The Federation of St. Kitts and Nevis and the Republic of Colombia have agreed to strengthen their bi-lateral relations.

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Jamaica accepts German firm's apology

a j nicholsonTHE Jamaican Government yesterday accepted an apology from Saturn, the German company that created and broadcast an advertisement showing the Jamaican flag being burnt and stomped on.

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Li Urges Paring State Role to Fuel 7.5% China Growth

Chinese Premier Li Keqiang pledged to open the economy to more market forces and strip power from the government to achieve 7.5 percent annual growth through 2020 and spread the benefits of the nation’s expansion.

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JAMAICA - PIOJ Projects Growth for January to March Quarter

The Planning Institute of Jamaica (PIOJ) is projecting that the island’s economy will experience moderate growth of approximately one per cent for the January to March 2013 quarter.

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