Economy, Trade & Investment

 
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Port-of-Spain -- Oct. 11, 2011 -- People who receive National Insurance pensions, prospective homeowners, the disabled and national security officers are the big winners in Finance Minister Winston Dookeran's $54.6 billion budget which was presented in the new Waterfront Parliament yesterday.

Halifax Nova Scotia & Bridgetown, Barbados -- Oct. 4, 2011--  Emera Inc. (TSX: EMA) announced today that its wholly-owned subsidiary Emera Caribbean Limited has agreed to sell its 19.1% indirect interest in St. Lucia Electricity Services Ltd (LUCELEC) to Light & Power Holdings Ltd. (LPH), also an Emera Inc. subsidiary, for US $25.8 million.






Washington-- Sept. 9, 2011—The World Bank Board of Directors approved yesterday a US$100 million loan for Jamaica to support the government's reform program to enhance fiscal and debt sustainability.

Mr. Speaker Sir, it is with a chastened outlook yet calmed assurance that I rise to deliver to this Honourable House the Financial Statement  and Budgetary Proposal for 2011. I am chastened Sir, not only by the enormity of the task that confronts me as Minister of Finance and Economic Affairs, as it does the entire Government and people of Barbados, but equally as well by the massive responsibility which has been imposed on us to safely navigate our country through this most challenging period in the country’s history.

July 20, 2011 - Montserrat has a number of promising opportunities to enhance its growth prospects.

July 14, 2011 - According to an ECLAC report, in 2011 Latin America and the Caribbean will maintain the recovery that began in the second half of 2009 following the international economic crisis, and will grow by 4.7% thanks to the boost of internal demand.

July 12, 2011 - Domestic economic conditions maintained a positive momentum over the review period, supported by steady gains in tourism output, foreign investments in tourism related construction activity and public sector capital projects.


June 14, 2011- The strong economic recovery of Latin America and the Caribbean will make it possible to bring down unemployment significantly from 7.3% in 2010 to between 6.7% and 7.0% in 2011, according to ECLAC and ILO.

Kingston - May 13, 2011 -  More details of the proposed restructuring of the public sector should be disclosed by early next week, Minister with responsibility for Information, Telecommunications and Special Projects, Hon. Daryl Vaz, disclosed May 11.


May 5, 2011 - The Commission predicts that FDI will rise by between 15% and 25% in 2011 compared with 2010, but points out that the region should implement policies focused on innovation in order to better absorb the benefits of investment flows.


May 3, 2011 - Rising international food prices could trigger an acceleration of inflation in several countries in Latin America and the Caribbean this year, highlighting the need for policies to protect the urban poor, according to a new study by Inter-American Development Bank (IDB).

Castries - April 17, 2011 - 2010 was a challenging year. As if the global recession were not enough, along came one of the most severe droughts in recent years, followed by one of the worst hurricanes in living memory.  Further, inflationary pressures engendered by rising commodity prices in international markets, added to the catalogue of adversity.


Washington  -- April 13, 2011 - he region’s growth of about 6 percent last year exceeded the growth rate of Eastern Europe and Central Asia and the rate of high-income countries by more than three percentage points, according to a new report Latin America and the Caribbean’s Success Put to the Test prepared by the World Bank’s chief economist office for the region.


Washington -- March 5, 2011 -- Despite external and domestic shocks, the Guyanese economy demonstrated resilience and registered a fifth consecutive year of robust growth in 2010

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