Food & Oil Crisis

 

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    June 10, 2008 -- The World Bank Group announced today it would support global efforts to overcome the global food crisis with a new $1.2 billion rapid financing facility to address immediate needs, including $200 million in grants targeted at the vulnerable in the world's poorest countries.

    6 June 2008, Rome – The Summit on soaring food prices, convened by the UN Food and Agriculture Organization (FAO), has concluded with the adoption by acclamation of a declaration calling on the international community to increase assistance for developing countries, in particular the least developed countries and those that are most negatively affected by high food prices.

    Provo -- June 9, 2008 -- Wartime-style distribution centres to enable the “poor and vulnerable” to access cheap groceries are poised to be set up across the Islands amid sky-rocketing food prices.

    June 9, 2008 -- (http://www.dr1.com): Tourism Minister Felix Jimenez and Airport Department director Andres Van Der Horst concur that the profitability problems affecting the airlines and leading to cuts in flights and frequencies to the DR has a direct effect on remittances, agriculture and tourism.

    CARICOM, Guyana -- June 9, 2008 --Edwin Carrington Secretary-General of the Caribbean Community (CARICOM) said the Region needed to change the general unfavourable investment climate for agriculture, relative to other economic sectors.

    Georgetown -- June 7, 2008 -- President Bharrat Jagdeo yesterday challenged the participants of the Regional Agriculture Investment Forum to keep the speeches short and get down to brass tacks so that investment and production become a reality.

    Kingston -- June 7, 2008 -- Prime Minister, Bruce Golding says that he is seeking the assistance of the Planning Institute of Jamaica (PIOJ) in preparing Jamaica to make its contribution to a special high level meeting involving several key international figures.

    Basseterre, St. Kitts -- June 6, 2008 -- St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas has been suggesting ways in which the Caribbean can combat rising fuel and food prices.

    Bloomberg -- June 6, 2008 -- Argentina, Venezuela and Cuba criticized a declaration hammered out by 180 countries at the World Food Summit in Rome yesterday, saying it failed to identify the true causes of rising food prices.

    By Sir Ronald Sanders:  Tourism in the Caribbean Community and Common market (CARICOM) countries is in deep crisis as trumpeted by St. Lucia’s Minister of Tourism, Senator Alan Chastanet, at an emergency meeting of the Caribbean Tourism Organization in late May.

    Port-of-Spain -- June 6, 2008 -- The amount of money this country and others in the region spend on importing food is set to rise by at least 40 per cent by the end of 2008.

    Guyana -- June 5, 2008 -- President Bharrat Jagdeo, who has lead responsibility for agriculture within CARICOM, has high expectations that the two-day Investment Forum on Agriculture which begins here tomorrow would produce tangible results.

    Basseterre, St. Kitts -- June 5, 2008 -- The development of bioenergy and other alternative forms are of critical importance to St. Kitts and Nevis.

    Basseterre, St. Kitts -- June 4, 2008 -- St. Kitts and Nevis Prime Minister Hon. Dr. Denzil L. Douglas has called for the suspension of the protocol with the World Trade Organization (WTO) to allow Member Countries to produce more local agricultural products.

    Charlestown -- June 2, 2008 -- Despite the Nevis Island Administration's (NIA) continued subsidization of domestic gas (cooking gas), it was forced to sanction an increase in the commodity with effect from June 01, 2008.

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