CARICOM says new US$70M initiative could spur youth entrepreneurship

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CARICOM Secretary-General, Ambassador Irwin LaRocque
CARICOM Secretary-General, Ambassador Irwin LaRocque

The Caribbean Community (CARICOM), which has long lamented the lack of opportunities for youths, has hailed a new U.S government initiative in the region.

CARICOM Secretary-General Irwin LaRocque told Guyanese journalists in Panama City that the initiative is to boost entrepreneurial capacity among youths in the 15-nation regional trade and integration bloc.

On Thursday, to coincide with the visit of President Barack Obama to Jamaica, the United States committed nearly US$70M to help young entrepreneurs develop their businesses through various initiatives, including fellowships and training in business start-ups. The programme is called Young Leaders of the Americas Initiative (YLAI).

Read more at: Kaieteur News

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