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Premier’s First Official Visit as Chairman of Caribbean Development Bank (CDB) Board of Governors

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#Barbados, February 7, 2022 – The Premier Honourable Charles Washington Misick as Chairman of the Board of Governors of the Caribbean Development Bank made an official visit to the Bank’s headquarters in Barbados on 3 – 4 February 2022.

Accompanying the Premier on this visit was Deputy Premier and Minister for Finance, Trade and Investment, Honourable Erwin Jay Saunders and Permanent Secretary of Finance, Mrs Athenee Harvey-Basden, Deputy Secretary for the Office of the Premier and Public Policy, Mr Miquel Swann and Mr Bentley Johnson Aide De Camp.

This was the first official visit since accepting chairmanship in September last year. During this visit, the Premier met with the Bank’s President, Dr. Hyginus ‘Gene’ Leon and Strategic Advisory Team (SAT) where introductory discussions ensued to give an overview of TCI’s economic and financial position and to hear the Banks’ strategies and agendas for the financial year 2022/23. The Premier also met with the Operations Management Team, to discuss ongoing and potential technical assistance for the Turks and Caicos Islands and greeted general staff.

Speaking on Chairmanship of the CDB Board of Governors, the Premier outlined climate justice, water, sewage and sanitation management and renewable energy as the priority areas of focus for the Caribbean region during his tenure as Chairman.

“As we look to the individual situations of the islands in the Caribbean Community, we ought never lose sight of the need for collaborative action. It is critical in forging innovative, sustainable and cost-effective solutions to regional challenges going forward.

It is not enough to rely only on new technologies to tackle developmental challenges and global shocks, but dialogues, sharing best practices, collaborating on strategies and programmes that are inclusive, can be the difference in improving poor standards of living, tackling socio-economic issues and delivering equitable prosperity,” said Premier Misick.

He further added, “I hope that my Chairmanship is one that cements us toward the elevation of the socio-economic standing of all our peoples and that with each successive passing of the baton we are able to ameliorate the challenges we face, break down the barriers to sustenance and self-actualization and enable a path that sees only a growth trajectory toward the vertical socio-economic mobilization of the peoples of our region.”

While in Barbados, the Premier and Deputy Premier made an official visit to the Office of the newly re-elected Prime Minister for Barbados, Hon. Mia Mottley.

The Turks and Caicos Islands Government values its partnership with neighbouring countries in the region and welcomes the opportunity to form relationships that will aid the government in delivering best practice solutions to social, economic and environmental challenges.

Further details as it relates to the Premier’s chairmanship, are to follow in a joint release from CDB and the Premier in the coming weeks.

 

Photo Captions:

Header: The Premier of the Turks and Caicos Islands, Honourable Charles Washington Misick and President of  the Caribbean Development Bank, Dr. Hyginus ‘Gene’ Leon.

1st insert: (left to right) President of  the Caribbean Development Bank, Dr. Hyginus ‘Gene’ Leon; Head Of Corporate Communications at Caribbean Development Bank, Camille Taylor; and Deputy Premier and Minister of Finance, Trade and Investment Honourable Erwin J. Saunders

2nd insert: (left to right) Prime Minister of Barbados, Honourable Mia Mottley; Deputy Secretary for the Office the Premier and Public Policy, Miquel Swann; Simone Rudder, Permanent Secretary for the Ministry of Foreign Affairs and Foreign Trade, Barbados Government;  Premier Honourable Charles Washington Misick; Permanent Secretary of Ministry of Finance, Trade and Investment Athenee Harvey-Basden.

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CARICOM Presses for Peace as Hormuz Conflict Drives Up Caribbean Costs 

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May 22, 2026 – The Caribbean Community is warning that the escalating conflict surrounding the Strait of Hormuz is now directly threatening Caribbean economies, driving up the cost of fuel, food and freight across a region heavily dependent on imports.

In a statement issued this week, CARICOM expressed “serious concern” over the worsening hostilities in the Middle East and the growing instability affecting one of the world’s most critical shipping corridors.

CARICOM said it is alarmed by: “the severe loss of life, threats to civil infrastructure, and the instability in global markets” resulting from the conflict.

The regional bloc warned that disruption in maritime transit through the Strait of Hormuz is reverberating across the global economy through: “energy markets, supply chains and increased freight costs.”

For Caribbean citizens, those consequences are already becoming painfully visible.

In Nassau, gasoline prices have surged again, with regular fuel now nearing or exceeding seven dollars per gallon at some stations. Consumers in other CARICOM countries are also reporting higher transportation costs, rising grocery bills and mounting pressure on household budgets.

The fear among regional leaders is that the crisis is far from over.

Roughly 20 percent of the world’s oil and liquefied natural gas normally passes through the Strait of Hormuz, making it one of the most strategically important waterways in global trade. Analysts warn prolonged disruption could trigger even higher global inflation and deeper supply chain instability.

The United Nations Food and Agriculture Organization has now warned that the crisis could become a: “systemic agrifood shock” capable of triggering a severe global food price crisis within six to twelve months.

The Caribbean is especially vulnerable because of its dependence on imported fuel, imported food and imported manufactured goods.

A recent UN regional analysis warned that shockwaves from the Middle East conflict are already reaching Caribbean nations, where rising oil prices and freight costs are increasing the price of imported food, electricity and transportation.

Global institutions are also sounding increasingly dire warnings.

The World Bank projects energy prices could surge by 24 percent this year because of the conflict, while fertilizer prices may jump by more than 30 percent — increases likely to feed directly into higher food costs worldwide.

The International Monetary Fund has meanwhile warned the global economy could face a “much worse outcome” if the conflict drags into 2027 and oil prices continue climbing.

CARICOM is now calling for all parties to respect international law and preserve safe passage through the Strait of Hormuz under the United Nations Convention on the Law of the Sea.

The Community stressed that transit passage:  “should not be contingent on any license, levy, or authorization,” and warned that bordering states should not “hamper or suspend” the movement of vessels through the corridor.

CARICOM also called for:  “cessation of hostilities” and urged “de-escalation and restraint by all parties.”

But for many Caribbean citizens, the economic pain is already here.

And with fuel nearing seven dollars per gallon in parts of The Bahamas, regional governments are facing renewed pressure over cost of living concerns, inflation and the Caribbean’s continued dependence on imported energy and food supplies.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Browne Wins Fourth Term in Antigua & Barbuda Landslide

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Antigua & Barbuda, May 4, 2026 – Prime Minister Gaston Browne has secured a historic fourth consecutive term in office, leading the Antigua and Barbuda Labour Party to a commanding victory in the country’s snap general election held April 30, 2026.

Preliminary results show Browne’s party capturing 15 of the 17 seats in Parliament, tightening its grip on power and dramatically weakening the opposition.

The main opposition United Progressive Party was reduced to just one seat, held by its leader, while the Barbuda People’s Movement retained its single constituency in Barbuda.

The result marks a major political turnaround for Browne, whose party had won a much narrower 9–7 majority in the 2023 election before rebuilding support through defections and by-elections.

Voter turnout figures vary in early reports, with initial estimates indicating participation of around 35.8 percent, or roughly 22,700 voters out of more than 63,000 registered. However, broader election data suggests overall turnout may have exceeded 60 percent, reflecting steady engagement despite political tensions.

The election, called nearly two years ahead of schedule, was shaped by concerns over the cost of living, global economic pressures and fallout from U.S. visa restrictions linked to the country’s citizenship-by-investment programme.

Despite those issues, Browne campaigned on economic stability and continued development, pointing to a strong tourism recovery and ongoing infrastructure expansion.

The decisive victory now strengthens his mandate, but also raises questions about the future of the opposition, which faces internal challenges after significant losses at the polls.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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FIGHT FOR CONTROL OF STEWART TOURISM EMPIRE PLAYS OUT IN COURTS

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May 4, 2026 – This is not just a family dispute.  It is a fight over control of a tourism empire.

At the centre is Adam Stewart, who has secured a series of legal victories across the region as challenges continue over the estate and leadership structure of Sandals Resorts International.

The multi-billion-dollar conglomerate was built by the late Gordon “Butch” Stewart, whose passing in 2021 set off a complex and ongoing dispute involving family members, estate arrangements and control of the business.

In recent rulings, courts in both The Bahamas and Jamaica have reinforced Adam Stewart’s position, effectively allowing him to continue leading the company while defending his role against legal challenges.

One key issue has centred on the interpretation of estate provisions, including whether defending his leadership could jeopardise his inheritance. The courts have ruled in his favour, clearing the way for him to maintain control without penalty.

For now, those decisions bring a measure of stability to one of the Caribbean’s most influential tourism brands.

But the matter is far from settled.

Multiple legal challenges and competing claims within the Stewart family remain active, meaning the future structure of the company is still being contested.

The implications stretch well beyond the courtroom.

Sandals operates across several Caribbean nations, including The Bahamas, Turks and Caicos Islands, Jamaica and Saint Lucia, making it a critical player in regional tourism, employment and investment.

Any uncertainty at the top of the organisation has the potential to ripple across economies that rely heavily on the brand’s continued expansion and stability.

For now, Adam Stewart remains firmly in charge.  He was named Executive Chairman of Sandals Resorts International in 2021.

Still, many are keen on the outcomes of ongoing litigation, as the battle over one of the Caribbean’s most powerful business empires is still unfolding.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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