BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB) is calling attention to the work that remains to be done to strengthen the Region’s resilience to climate change impacts.
On May 24, 2017, CDB will host a seminar to review the Caribbean’s gains in climate adaptation and mitigation, and to examine the implementation of the Bank’s Climate Resilience Strategy 2012-2017. The event will be held during the 47th Annual Meeting of CDB’s Board of Governors, in Providenciales, Turks and Caicos Islands.
“Our presentation will reflect critically on the implementation of the Bank’s existing Climate Resilience Strategy, and address lessons learnt in the integration of climate considerations in CDB’s work programme. These discussions are especially relevant and timely as we prepare our ‘Climate Resilience Strategy Update 2018-2023’,” said Cheryl Dixon, Coordinator, Environmental Sustainability Unit, CDB.
Panellists will discuss the Region’s climate strategy and implementation plan, and share perspectives on the agreed upon nationally determined contributions (NDCs) under the Paris Agreement – the targets countries have committed to meeting to stop global temperatures from rising more than 2 degrees Celsius.
WASHINGTON – Antigua and Barbuda’s Ambassador to the OAS, Sir Ronald Sanders, has sounded a warning against meetings, headed by powerful nations, that then seek to impose their decisions on the membership as a whole.
Speaking Wednesday at a meeting of the Permanent Council of the Organisation on a proposal to convene a special Ministerial meeting to consider the situation in Venezuela, including a proposal to change the rules governing such meetings, the seasoned diplomat declared: “My delegation sounds a warning about a troubling development in this Organization. It is one of the politics of exclusion – the creation of a process in which some countries exclude other member states from consultations, resulting in the formation of positions that are then introduced in this Council as a fait accompli”.
He said, “the process becomes one of achieving objectives, even at the cost of creating divisions in our membership and weakening the authority of the Organization”.
Sanders, who has served as President of the Permanent Council, cautioned against this ‘emerging practice’, stating that “each member state is entitled to a voice and to be consulted; not to have the self-interest of a few imposed upon them”.
The statement of the Antigua and Barbuda representative was supported by several delegations from both the Caribbean and Latin America.
The convenors of the small group meetings, including Mexico and Canada, in declaring they were acting in “good faith”, agreed that future consultations should be inclusive and formal.
The Antigua and Barbuda diplomat also argued against the “unexplained haste” with which some powerful countries are trying to convene a Ministerial meeting on Venezuela which has withdrawn from the Organisation. The meeting was being proposed for May 22.
NASSAU, Bahamas – Leader of the Free National Movement (FNM), Dr. Hubert Minnis will be sworn in as Prime Minister of The Bahamas in a ceremony scheduled for Thursday at 5:00 p.m. (local time), following Wednesday’s landslide victory.
The FNM defeated Perry Christie’s Progressive Liberal Party in a 34-5 parliamentary split, according to local media.
“My fellow Bahamians, the people have spoken,” Minnis, a physician, said in a victory rally before thousands of supporters.
“We have been given a mandate for change.”
Minnis was campaigning on a platform for change, seeking to impose term limits on the prime minister and promote “Bahamian ownership in the economy,” according to his website.
Christie conceded defeat and made a congratulatory telephone call to Minnis, wishing him success.
“I understand as perhaps few others, the challenges that await Dr Minnis and I wish him only success on behalf of our nation. He has my full support for a smooth transition,” he said.
Allegations of corruption and unemployment dominated the election.
Christie, finishing his second non-consecutive term as prime minister, was criticised for defiantly boasting that “not even God” could stop him, in a video posted by Tribune 242.
According to local media, the extensive delay to the opening of the $4.2bn Chinese-funded Baha Mar mega-resort along with rising unemployment and sluggish economic performance were some of the major factors that provided momentum to Minnis’ platform for transparency.
NASSAU, Bahamas – The polls have closed and Bahamians are now awaiting the results of the 2017 General Elections.
Prime Minister Perry G. Christie is trying to lead his Progressive Liberal Party to a second consecutive five-year term in office.
Voters today choose between Christie’s governing PLP or reviving the main opposition,
KINGSTON, Jamaica – GraceKennedy Limited has divested its 30 percent stake in the Trident Insurance Company Limited of Barbados.
The transaction was completed on May 8, 2017 with shares purchased by Leo Leacock & Company Limited and Asjam Holdings Limited who were existing shareholders in the company.
GraceKennedy Financial Group (GKFG) acquired interest in Trident in 2007 and is expected to record a gain on the sale.
“We continue to review our partnerships and investments in keeping with our long-term strategy and our thinking around disposal of this asset aligned with Trident’s own interests and plans,” said Don Wehby, Group CEO of GraceKennedy Ltd.
The divestment is in keeping with GKFG’s expansion strategy which includes expected growth of GKG Online. This platform allows customers to get quotes, purchase or view information on motor vehicle insurance via mobile or website. It is widely used by GK General Insurance customers who have accessed it from various countries across the world.
“The GraceKennedy Financial Group is taking a very focused approach to the expansion of the insurance business throughout the Caribbean via wholly owned subsidiaries, an agent network and leveraging the GraceKennedy General Online platform that has been successfully deployed in Jamaica,” Mr Wehby said.
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