News
Pandemic, War, China, Climate & Food Security make welcome remarks of Regional CDB Governors
By Dana Malcolm
Staff Writer
#TurksandCaicos, June 25, 2022 – The 2022 Annual General Meeting of the Board of Governors of the Caribbean Development Bank opened with in style, becoming the first face-to-face meeting for the CDB since 2019. The opening ceremony was held on Wednesday the 15th of June at the Ritz Carlton and attended by dignitaries across the Caribbean.
Board of Governors member for Guyana, Dr. Bharrat Jagdeo spoke on behalf of the Borrowing Member countries warning people not to get lulled into a sense of security or think it was business as usual because covid, shipping delays, and the war in Ukraine were all still factors in play. He explained that not only was growth down in the borrowing countries, but debt was also up.
“The Caribbean needs the CDB, our bank, more than ever before as we tackle long-standing problems of infrastructure gaps, human capital development, access to basic social services, food security, and climate vulnerability.”
The Borrowing Members of the CDB include: Anguilla, Antigua and Barbuda, Barbados, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Suriname, The Bahamas, Trinidad and Tobago and the Turks and Caicos.
Board of Governors Member for Brazil Roberto Fendt Junior delivered remarks on behalf of the regional non-Borrowing Member Countries reminiscing on what the pandemic taught governments in the region and their admirable efforts at resilience.
“We have learned that on this planet political borders cannot fully protect populations from being impacted and most of all we have learned that trustworthy information, knowledge sharing, and co-operation are key to overcoming man-made crises and natural disasters.”
In this vein, he praised the CDB’s efforts in creating a digital Knowledge Hub which will be a consolidated cloud of data that can be shared between member states. He stressed that in this effort the information should be both trustworthy and timely to avoid missed opportunities.
Mr. Sun Ping of China delivered the remarks virtually on behalf of the international Non Borrowing Member Countries. He expressed understanding of the difficult position Caribbean countries were in at the moment and maintained that China was ready to work with the bank to see how they could alleviate some of those issues.
“China attaches great importance to bilateral and multilateral cooperation with the Caribbean through trade investment and cultural exchanges, we will spare no efforts to support the CDB in key areas such as regional infrastructure, environmental protection, educational transformation, and pandemic response.”
During the keynote address, President of the CDB Dr. Gene Leon explained what the bank was trying to do in the Caribbean.
“The challenge before us is how best to navigate a safe path from legacy structural weaknesses to transformative development while maintaining debt sustainability, enhancing macroeconomic and financial stability and resilience.”
Leon mentioned several ways the bank planned to tackle this in 2022:
By advancing food and nutrition security,
By advancing energy security,
By advancing water security.
He explained that we are too reliant on overseas food noting that at least 2.7 million people in the English-speaking Caribbean were food insecure. Thus CDB has created a plan to reduce imports of food by 25 percent by 2025 food. In terms of energy, the CDB says member states are aiming to be 55 percent powered by renewable energy by 2939 at a cost of $ 20 billion.
In terms of water, Leon said they were partnering with the Inter-American Development Bank and the Caribbean Catastrophe Risk Insurance facility on a Regional Water Utility Insurance company.
By creating access to Access to Adequate and Affordable Finance. Over the next decade, the Caribbean must drum up over 100 billion dollars in investments to hit all its goals. He said access to this type of financing would “shape a future where our citizens are able to live quality lives in societies that have embraced digitalization and have robust private sector partnerships with the requisite governmental arrangement to safeguard food and energy security.”
These goals are in line with the region’s aim to become the region of choice to live in and are essential if the Caribbean is to keep up with the rest of the globe.
Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.
Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The
development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.
Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.
Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.
Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.
Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.
The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.
Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of
IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”
He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”
Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”
The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion
Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.
#TurksandCaicos, May 13, 2024 – Detectives of the Serious Crime Unit of the Royal Turks and Caicos Islands Police Force have
charged a man who allegedly stole a vehicle.
The accused, DANVANTE BRISCO, 30, of Kew Town, Providenciales, was charged with:
- One Count: Robbery
- One Count: Taking Motor Vehicle Without Authority
- One Count: Using Offensive Weapon to cause fear
Mr. BRISCO appeared in court today (May 13 ) and was granted bail of $7500.00 with one surety.
The matter was adjourned to July 05 for a Sufficiency Hearing.
#TurksandCaicos, May 13, 2024 – A 20-year-old Dock Yard male appeared in court today (May 13th) charged with a series of firearm-related offences.
The accused, JAMES SIMON, was denied bail and remanded into custody pending a Sufficiency Hearing scheduled for July 05th, 2024.
Mr. SIMON faces the following charges:
- One Count: Robbery;
- One Count: Gang Membership
- One Count: Possession of a Firearm for the Benefit of a Gang
- One Count: Possession of Ammunition for the Benefit of a Gang.
The charges against Mr. Simon followed investigations by officers of the Royal Turks and Caicos Islands Police Force into a robbery at the parking lot of a Casino where three males robbed a victim.
Additionally, Mr. Simon is charged with the following offences, having been arrested on May 02nd, 2024, along South Dock Road.
- One Count: Possession of a Firearm
- One Count: Possession of Ammunition
- One Count: Unlawful Entry
Officers also charged a teenage minor who was in the company of Mr. Simon on May 02nd with One Count of UNLAWFUL ENTRY.
The accused, seventeen and from Kew Town, Providenciales, pleaded guilty and will be sentenced on May 20th.
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