CDF grant ensures further development of ‘De Strip’

The Frigate Bay Strip in St. Kitts and Nevis (Photo via SKNIS)
The Frigate Bay Strip in St. Kitts and Nevis (Photo via SKNIS)

BASSETERRE, St. Kitts, (Press Unit in the Office of the Prime Minister) – Development on the South Frigate Bay Beach Enhancement Project, popularly known as “De Strip”, is set to enter a new phase, after the Government of St. Kitts and Nevis signed an agreement effectively securing additional financing for the project.

The South Frigate Bay Enhancement Project was commissioned in November 2016 to revitalise the strip experience, making it more viable and sustainable by improving its infrastructure, security and its identity on a whole.

 During a brief ceremony held at the Office of the Prime Minister at Government Headquarters on Friday, August 4, Prime Minister Dr. the Honourable Timothy Harris and Chief Executive Officer of the CARICOM Development Fund (CDF) Mr. Rodinald Soomer signed the agreement that will see funds totaling US$1.2 million pumped into the project.

Prime Minister Harris and CDF CEO Mr. Rodinald Soomer sign CDF agreement (Photo via SKNIS)
Prime Minister Dr. the Hon. Timothy Harris and CDF CEO Mr. Rodinald Soomer sign CDF agreement (Photo via SKNIS)

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People will know CARICOM is working when they see, taste, feel – The Bahamas Prime Minister

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New Prime Minister of The Bahamas delivering his inaugural address to the Conference
New Prime Minister of The Bahamas delivering his inaugural address to the Conference
“CARICOM is a community of the people we serve, not a club of officials and politicians. We need to cast our nets far and wide to engage the combined spirit and the collective brain-trust of the Region. We must blend various languages and accents in order to speak to the world with one voice about the aspirations of our people and the mission of CARICOM.” Dr. Hubert Minnis
Dr. The Hon. Hubert Minnis, Prime Minister of The Bahamas, has signalled his readiness to help deliver the mandates of CARICOM to provide better, healthier and more prosperous lives for the people of the Community.

In doing so, the newest Member of the Conference of Heads of Government also expressed confidence in organs and institutions of the Caribbean Community to deliver benefits of integration.

His inaugural address to the Community, at the opening of the 38th CARICOM Summit, in Grand Anse, Grenada, Tuesday evening, was punctuated with an urgent call for unity. (more…)

Grenada’s Spice Sector gets financing assistance from the CARICOM Development Fund

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Grenada’s Prime Minister Dr. Keith Mitchell (l) and CEO of the CARICOM Development Fund (CDF) Mr. Rodinald Soomer sign agreement

Grenada’s Prime Minister Dr. Keith Mitchell and CEO of the CARICOM Development Fund (CDF) Mr. Rodinald Soomer on Wednesday signed a grant agreement aimed at enhancing export capacity and value-added in the spices sector.

The immediate beneficiary company, West India Spices, has been awarded a grant of US244,000, or 40 percent of the total  cost of their proposed project. The grant, according to Mr. Soomer, will help to increase drying and grinding capacity based on the use of renewable power sources that will facilitate all weather production of value-added nutmeg-based products for export.

“It is expected that the project will have the impact of increasing West India Spices’ purchases of raw inputs for producing essential oils on average by 10 % per year until 2025,” Mr. Sommer said at the signing ceremony which was  attended by the CEO of West India Spices Inc.IMG_6588

“West India Spices Inc. is committed to making the increased drying and grinding capacity available to the Nutmeg industry for an agreed period to be determined under a subsidiary agreement with the Grenada Nutmeg Industry Association at very concessional rates, supported by a Memorandum of Understanding with the Ministry of Agriculture. The ultimate impact of the project will be increased production, employment, incomes and foreign exchange earnings accruing to the direct beneficiary, the industry and the wider economy,” he added.

Under the first funding cycle of the CARICOM Development Fund (CDF) for which all funding commitments were approved at the end of 2015, Grenada received approval for seven (7) projects totaling US$ 4.76 Million – US$ 3 Million in Concessional Loans and US$1.76 Million in Grants.

Happy CARICOM Day!

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The Caribbean Community (CARICOM) comprises 15 Member States and five Associate Members.

At the Eighth Heads of Government Conference of the Caribbean Free Trade Association (CARIFTA) held in April 1973 in Georgetown, Guyana, the decision to establish the Caribbean Community was brought to fruition. The process through which it was established is set out in the Georgetown Accord issued by that Conference. The Accord which was agreed to in April 1973 contained the draft treaty which we now know as the Treaty of Chaguaramas.

The original signatories to the Treaty on 4 July, 1973, were Prime Ministers Hon. Errol Barrow for Barbados; Hon. Forbes Burnham for Guyana; Hon. Michael Manley for Jamaica; and Hon. Eric Williams for Trinidad and Tobago. By 1 May 1974, all other members of CARIFTA had signed the Agreement to become full members of CARICOM, except Antigua and Barbuda and St. Kitts and Nevis. They both signed the Agreement in July 1974. (more…)

Working together – CARICOM SG, Ambassadors and Heads of Community Institutions

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Work to strengthen the Region’s governance and implementation structures continued Thursday with the first joint meeting of the CARICOM Secretary-General, Heads of Community Institutions and the CARICOM Committee of Ambassadors  at the Pegasus Hotel, Georgetown, Guyana.

Thursday’s exchanges followed the fifth Meeting of the Committee of Ambassadors, held at the CARICOM Secretariat, also in Georgetown, on Wednesday. The Committee plays an important role in the governance structure of the Community, providing strategic advice and recommendations to the Community Council towards advancing the integration movement.

The Heads of Community Institutions  meet regularly with the Secretary-General to seek to harmonise efforts towards implementation of the CARICOM Strategic Plan.

Several participants joined the meeting via video conference.