Dominican Republic President Proposes Group to Analyze Food, Oil Price Volatility

By: - April 12th, 2012

Above: President Leonel Fernandez (Photo: CIG)

By the Caribbean Journal staff

Dominican Republic President Leonel Fernandez is proposing the creation of a multidisciplinary group to analyze the factors affecting the volatility of food and oil prices.

The group would work in coordination with the G-20, the United Nations General Assembly and all organizations concerned with the problem of food security, he said.

The next step will be to create a draft regulation ensuring transparency and access to information on prices and markets.

Fernandez, who was speaking at the closing of the High-Level Debate on the Volatility of Food and Oil Prices at UN Headquarters in New York, urged the international community and the UN on the need for regulatory mechanisms and policies to avoid excessive volatility in these markets.

He also mentioned the important factor of geopolitical tensions generated by Iran, and the potential for the country to block the Straits of Hormuz, which would generate an increase in oil demand.

Fernandez said the international community should take action to ensure food security for a world population projected to be 9 billion by 2050.

Dominican Republic

Rum Journal: Haiti's Rhum Barbancourt

Above: Barbancourt’s distillery This week’s Rum Journal takes a look at the best-known rum out of Haiti, which is, in fact, a rhum. In the world of cane spirits, the letter “h” says a lot — signifying the difference between a spirit made from fermented molasses and one from fermented sugar cane juice. (The latter […]

Dominican Republic

Haiti's Michel Martelly Welcomes Senate's Approval of Lamothe as Prime Minister

Above: Foreign Minister and Prime Minister Designate Laurent Lamothe By the Caribbean Journal staff Haitian President Michel Martelly expressed “satisfaction” at the Senate’s approval Tuesday night of Foreign Minister Laurent Lamothe as the country’s next Prime Minister, according to spokesperson Lucien Jura. Lamothe received 19 votes in favour, three against and one abstention in a […]

Dominican Republic

South Korean Team Aiding Grenada on Marine Research Project

Above: Grenada (CJ Photo) By the Caribbean Journal staff A group of marine specialists from South Korea are in Grenada this week to begin work on a marine research project. The project, called “Research on the South and Southeast Coast of Grenada,” spans from Telescope in St Andrew to Point Saline in St George’s. It […]

Montserrat Releases Census Data

 By the Caribbean Journal staff Montserrat’s Statistics Department released its first publication based on newly-collected census data, with the island’s population standing at 4,922. Montserrat is the first in the OECS to release data, and plans tow more publications based on the information later this year, looking at income and the economy. “Hundreds of persons […]

Guyana Police Force Reports 8 Percent Decrease in Serious Crimes

Above: Members of the Guyana Police Force By the Caribbean Journal staff Guyana saw an 8 percent decrease in serious crimes at the end of March, compared to the same period in 2011, according to a report from the Guyana Police Force. There were a total of 968 serious crimes through March 31, compared to […]

Bahamas Calls Elections for May 7; Opposition PLP, DNA Step Up Rhetoric

 By the Caribbean Journal staff Montserrat’s Statistics Department released its first publication based on newly-collected census data, with the island’s population standing at 4,922. Montserrat is the first in the OECS to release data, and plans tow more publications based on the information later this year, looking at income and the economy. “Hundreds of persons […]

Haiti, Brazil and United States Partner on Food Security Initiative

Above: a farm in Haiti By the Caribbean Journal staff Haiti, Brazil and the United States are partnering to improve food security in Haiti, aiming to increase incomes and improve nutrition in the country. The trilateral partnership builds upon the United States’ existing efforts to improve agricultural productivity in markets like Port-au-Prince, Saint Marc and […]

SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You