Bolivia’s president, Evo Morales, has said that further nationalization of his country’s natural resources is planned. Speaking in Vienna, where he is attending the EU-Latin America/Caribbean Summit, Morales said that his government’s agrarian reform package will ensure that the state takes back “unproductive” land from private landlords and will redistribute up to 14 million hectares of land to indigenous groups and farmers. According to minister of planning, Carlos Villegas, the government will unveil details of the reform package at the end of May.
Category: Caribbean
Posted inDaily Brief
Central America Talks Trade With EU
Central American leaders are set to have trade talks this week with the EU at the EU-Latin American/Caribbean Summit being held in Vienna. The heads of state met in Costa Rica Monday as the guest of newly inaugurated president Oscar Arias to discuss a broad range of themes in advance of attending the Summit in Austria. One of the themes will be an Association Agreement between Central American and the European bloc that includes a free trade treaty.
Posted inMagazine
Remittances to Latin America and the Caribbean
Remittances to Latin America and the Caribbean by Donald Terry, Manager, and Pedro de Vasconcelos, Coordinator, Remittance Program Multilateral Investment Fund Call it the case of the missing billions. For […]
Posted inDaily Brief
CIBC Ups Stake In FirstCaribbean
Canadian Imperial Bank of Commerce (CIBC) announced that it is to take control of FirstCaribbean International Bank by doubling its stake to 87.4%. It plans to buy an extra 43.7% from Barclays PLC for about $1.08 billion. BCM and Barclays created FirstCaribbean, now the largest bank in the English-speaking Caribbean region, in 2002 when they merged their Caribbean operations. FirstCaribbean has assets of $9.6 billion and a market value of $3.3 billion.
Posted inMagazine
Moving Closer?
The creation of a Caribbean Single Market and Economy has lent impetus to the idea of an integrated stock market for the region.
Posted inMagazine
Out From Under the Mango Tree
In spite of lingering security concerns, the twin-island nation of Trinidad & Tobago is attracting fresh investment in a number of areas.
Posted inMagazine
Reaching Out
Opportunities offered by Cuba’s vast consumer market are looking increasingly attractive for neighbors in the Caribbean.
Posted inMagazine
Trading Up in Paradise
The economic prospects for much of the Caribbean are better than they have been in years. Hopefully political issues won’t derail progress.
Posted inDaily Brief
First Female PM For Jamaica
Jamaica is to get its first female prime minister next month when the country’s current leader, 70-year old PJ Patterson, steps down. Patterson is retiring after 14 years in office to be replaced by the newly elected leader of the ruling People’s National Party, Portia Simpson Miller. Miller, 60, minister of local government, community development and sport, beat off rival party candidate and national security minister, Dr Peter Phillips, considered to be the favorite to succeed.
Posted inDaily Brief
Jamaica Sells $250 Million Globals
Jamaica sold $250 million global bonds yesterday, Tuesday, at a yield of 8.55%. The 30-year bonds are due February 28 2036 and are rated B by Standard & Poor’s and B1 by Moody’s Investors Service. Jamaica last issued a long-term global bond in October, when it sold $250 million 20-year globals at a yield of 9.375%.