Plans for $1 Billion in Chinese Funding for Caribbean

By: - May 17th, 2011

Eximbank

China’s Export-Import Bank has plans to launch a $1 billion fund to invest in Latin America and the Caribbean, following several years of significant spending in the region. In 2009, China invested $7 billion in the region through private corporations on infrastructure projects ports and hotels. The investments were reported by Adam Wu, COO of China Business Network, to delegates of the recent Caribbean Hotel and Tourism Investment Conference in Montego Bay. [Nation News]

Markets

Bahamas, Cuba Agree on Sea Border

Source: Nasa Visible Earth The Bahamas and Cuba have reached an agreement in principle regarding their mutual maritime border, according to Deputy Prime Minister and Minister of Foreign Affairs Brent Symonette. Setting the border was important due to the new importance of oil drilling in the Caribbean, although the Bahamian government has not yet said […]

Markets

BHP Billiton Starts Drilling in Caribbean

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Markets

Inter-American Development Bank Begins Barbados Visit

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Haitian Lawmakers Give Diaspora Right to Vote, Preserve Presidential Term Limits

Amending its 1987 constitution, Haiti’s legislature has recognized multiple citizenship, giving members of the Haitian diaspora the right to vote for the first time. More than four million Haitians living abroad can now vote, though they are still unable to campaign for government offices without renouncing their foreign citizenship. The National Assembly also voted against […]

How Caribbean Local Governments Work

 Kingston, Jamaica Sometimes the Caribbean’s local governments are not given adequate attention — but they are largely the ones providing services and other governmental functions in the region for a huge number of residents. Caribbean local governance tends to break down into three models: the Kingston Model, or a “political directorate,” the Bridgetown (Barbados) Model […]

France's Sarkozy, Joined by Caribbean Officials, Backs Anti-Trafficking Fund

 Amending its 1987 constitution, Haiti’s legislature has recognized multiple citizenship, giving members of the Haitian diaspora the right to vote for the first time. More than four million Haitians living abroad can now vote, though they are still unable to campaign for government offices without renouncing their foreign citizenship. The National Assembly also voted against […]

U.S. General: Transnational Crime is the Greatest Threat to the Caribbean

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