Remittances to developing countries decline for second consecutive year

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Remittances to developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, says the latest edition of the Migration and Development Brief, released on Friday the World Bank’s Spring Meetings.

The Bank estimates that officially recorded remittances to developing countries amounted to $429 billion in 2016, a decline of 2.4 percent over $440 billion in 2015. Global remittances, which include flows to high-income countries, contracted by 1.2 percent to $575 billion in 2016, from $582 billion in 2015.

Low oil prices and weak economic growth in the Gulf Cooperation Council (GCC) countries and the Russian Federation are taking a toll on remittance flows to South Asia and Central Asia, while weak growth in Europe has reduced flows to North Africa and Sub-Saharan Africa.

The decline in remittances, when valued in U.S. dollars, was made worse by a weaker euro, British pound and Russian ruble against the U.S. dollar.
Read more at: World Bank

Meeting with Queen, Caribbean Council’s reception atop President Granger’s agenda on UK visit

Guyana_President-David-Granger-profileGeorgetown, Guyana – (April 23, 2017) President David Granger has departed Guyana for a visit to the United Kingdom from April 24-28, 2017, where he will have an audience with Her Majesty, Queen Elizabeth II. In addition to his meeting with the Queen at Windsor Castle on Wednesday, the Head of State will also attend the Caribbean Council’s Annual Reception at the House of Lords.

The President will deliver an address at that reception, which will be held on Tuesday evening, along with the Rt Hon. Lord Bruce of Bennachie, Minister of State, Baroness Anelay and Dr. Angus McCoss, Exploration Director at Tullow Oil.

The Annual Reception provides an opportunity for Members of Parliament, Peers, High Commissioners, Ambassadors, members of the UK civil service, non-governmental organisations, members of the Caribbean diaspora and businesses invested in or interested in investing in the Caribbean Region to network, with a view to supporting the Region’s economic development.

President Granger, who is accompanied on the visit by Minister of Foreign Affairs, Mr. Carl Greenidge, will also meet with members of the UK Government, the British business community and the Guyanese diaspora in London. (Ministry of the Presidency Press Release)

Region cannot sit on sidelines of digital era, CARICOM ASG warns

Mr. Joseph Cox, Assistant Secretary-General, Trade and Economic Integration, CARICOM Secretariat.
Mr. Joseph Cox, Assistant Secretary-General, Trade and Economic Integration, CARICOM Secretariat.

Caribbean Community (CARICOM) Assistant Secretary-General Trade and Economic Integration, Mr Joseph Cox, has warned the Community not to sit on the sidelines of the digital era.

“There is almost no option to sit on the sidelines in this new digital era.  Whatever is happening in the developed world will also happen in the developing world.  Our tourists for the most part come from developed countries and our current and potential investors as well.  Their expectations with regard to ICT, its usage for efficiency in business and leisure are not far-fetched”, Mr. Cox said.

He was at the time making brief remarks before the meeting of officials of the Council for Trade and Economic Development (COTED) on Information and Communication Technologies (ICT). The meeting was held on 20 April, 2017, via videoconferencing that was anchored at the CARICOM Secretariat. (more…)

Surinamese artists donate painting to CARICOM Secretariat

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A group of artists from Suriname who were in Guyana to showcase their work at the Suriname Art Expo, on Friday presented the CARICOM Secretary-General with a painting for the CARICOM Secretariat. The presentation took place at the CARICOM Secretariat. The painting was a collaborative effort of all the artists whose work was on exhibition from April 19-21, 2017. The artists were from the Federation of Visual Artists in Suriname(FVAS).

In a brief address to the artists, CARICOM Secretary-General, Ambassador Irwin LaRocque, welcomed them to Guyana and commended them for the work that they were doing which he said was important in enhancing the culture of the Region. He also encouraged them to expand their exhibition to other CARICOM Member States.

The exhibition at the Umana Yana in Georgetown was part one of an exchange programme between Suriname and Guyana and will include a return visit of Guyanese artists to Suriname.

 

Observing Earth Day 2017

 

Dr. Therese Yarde, Project Coordinator, Caribbean Hub Capacity Building related to Implementation of Multilateral Environmental Agreements,(third row, second from right) at the Earth Day ceremony in Guyana on 21 April, 2017.  She joined President of Guyana, His Excellency David Granger, Chairman of CARICOM (front row, second from right), Minister of Education Sport and Culture, the Hon.  Nicolette Henry (front row, third from right) and others for the ceremony at Independence Park in Georgetown. (Ministry of the Presidency photo)
Dr. Therese Yarde, Project Coordinator, Caribbean Hub Capacity Building related to Implementation of Multilateral Environmental Agreements,(third row, second from right) at the Earth Day ceremony in Guyana on 21 April, 2017. She joined President of Guyana, His Excellency David Granger, Chairman of CARICOM (front row, second from right), Minister of Education Sport and Culture, the Hon. Nicolette Henry (front row, third from right) and others for the ceremony at Independence Park in Georgetown. (Ministry of the Presidency photo)

The Caribbean Community (CARICOM) Secretariat on Friday, 21 March, participated in the Government of Guyana’s celebration of International Mother Earth Day 2017.  International Mother Earth Day was established by the United Nations General Assembly in 2009 to promote harmony with nature and the earth, and is celebrated worldwide on April 22.

The global theme for Earth Day 2017 is Climate and Environmental Literacy, and Guyana’s observance was held under the national theme of Guyana: the Green State. In his remarks at the event President David Granger highlighted Guyana’s commitment to protecting and maintaining its rich biodiversity, and in particular its extensive forests, which play an important role in mitigating global climate change.

Guyana is one of the most biodiversity-rich members of CARICOM, and has taken significant actions to conserve and sustainably manage its natural habitats and ecosystems. Several of these actions are featured in a forthcoming report on the State of Biodiversity in the Caribbean Community, which will be published by the CARICOM Secretariat later this year.