Regional News

IDB governors commit to $70B new capital hike

CANCUN, Mexico (Reuters) – The governing board of the Inter-American Development Bank agreed early yesterday to raise $70 billion in fresh capital and erase $479 million of Haitian debt, Colombia’s finance minister said.

BBC Caribbean News in Brief

Geothermal power delayed Nevisian plans to officially begin tapping into the island’s geothermal energy by December of this year have suffered a setback.

Rich Jamaican businessman under US probe

(Jamaica Observer) The finances of a well-connected Jamaican businessman, who heads a list of about 30 with massive unexplained wealth, is now the subject of intense scrutiny by the US authorities who have asked Jamaica to gather evidence about how the wealth was accumulated.

Cuban farmers press for deeper reform

HAVANA (Reuters) – Cuban farmers are pressing for greater autonomy to produce and sell their crops, blaming government inefficiency for Cuba’s falling food output despite agricultural reforms introduced by President Raul Castro.

BBC Caribbean News in brief

Price control An official of the Caricom Competition Commission says Caribbean governments may not be adequately equipped to spearhead price control mechanisms.

IRS targeting former Stanford clients

(Antigua Sun) The Internal Revenue Service (IRS) is making good on its intention to go after investors who allegedly evaded the United States tax system, while they were clients of Allen Stanford’s offshore banking empire.

Manning admits error on UNC land gift

(Trinidad Express) – Prime Minister Patrick Manning admitted that he gave inaccurate information to the Parliament when he delivered his statement on church/state relations three weeks ago.

Cuba says foreign ventures slightly up after long decline

HAVANA (Reuters) – Cuba registered a slight increase in the number of foreign investment projects last year, the first rise since authorities began winnowing out foreign ventures they deemed ineffective or corrupt in 2003, according to a government report seen by Reuters yesterday.

Uribe coalition pressured after Colombia vote

BOGOTA (Reuters) – Colombian presidential frontrunner Juan Manuel Santos faces a struggle to secure an outright victory in May’s election after legislative election results over the weekend put President Alvaro Uribe’s alliance under pressure.

BBC Caribbean News in Brief

UN chief on aid flows to Haiti UN Secretary-General Ban Ki-moon has vowed to work to keep donor funds flowing for Haiti’s recovery and reconstruction.

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