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Regional Prosperity Attainable in numbers says Presidents of Multi-Lateral Development Banks during CDB’s 52nd Board of Governor’s Meeting

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By Dana Malcolm

Staff Writer

 

June 17, 2022 – Private sector partnerships are going to be the Caribbean’s saving grace as governments try to make the region the home of choice. This was the perspective of the heads of three major banks at the Caribbean Development Bank’s 2022 staging of their ‘Presidents Chat’, an event bringing together the presidents of multilateral development banks worldwide.

This year the meeting featured: Dr. Gene Leon president of the Caribbean Development Bank; Dr. Werner Hoyer president of the European Investment Bank and Mauricio Claver-Carone President of the Inter-American Development Bank along with past president of the CDB Dr. Warren Smith.

The Moderator of the event Dr. Marion Williams explained why the chat was so important.

“The series is designed to discuss issues in a non-technical manner that is readily accessible to citizens on all our continents,” she said

This year’s focus was on how multilateral development banks could play a catalytic role in finding innovative financing to push the development goals of their member countries, especially from the private sector; basically how to make companies want to invest within their member countries futures.

Most of the goals held by countries around the world stem from the United Nations 2030 Sustainable Development Goals including the elimination of poverty, enhancing food security, good health, quality education, climate action, etc. Leon explained the needs of the developing Caribbean states were huge and all of them needed to be tackled because,

“If we don’t do it all we simply cannot achieve the development goals.”

To make the Caribbean region a place of choice Leon said we must achieve four things; water, energy, food and quality of life security.

To meet these goals, the Caribbean had to have three key facilitators:

  • embracing a digital transformation

  • Solving our implementation capacity deficit

  • Strong evidence-based governance

Financing to hit all of these targets was the region’s biggest problem Leon said and ‘Access to Adequate and Affordable Finance’ (#AAAF) was the goal.

“There is no way we can fix a trillion-dollar problem with a million dollars…there is no way we can get there without crowding in [and] partnerships in all areas.”

Hoyer of the EIB lauded the CDB citing its unparalleled experience with development challenges noting that by working together they could “achieve so much more”, especially in climate action.

He stressed that the time for investing in issues like climate change was now or the most vulnerable would suffer.

“The provision of grants and loans is not enough. New financial instruments need to be deployed in order to bring private capital to fund climate action.”

Claver-Carone of the IDB, who is from Miami, describes himself as the closest president to the Caribbean (geographically) in years.

“It was on my agenda to raise the profile of the Caribbean with the bank.” He maintained

Allocations to the six Caribbean countries that the IDB serves have tripled to about $1.2 billion across 16 different projects. He described his relationship with the Caribbean Development Bank as his most important relationship of all as it enabled support to Caribbean countries which are not a part of the IDB.

Claver-Carone reiterated that the financing gaps in the Caribbean and Latin America are too large for taxpayers to handle.

“The recovery of Latin America and the Caribbean will be private sector led… We’re gonna make this the biggest public-private push in the history of the bank.”

Creating a good investment climate is key to achieving more privately-funded financing that the governments in the Caribbean desperately need.

To do this Claver-Carone said stricter regulations, digitized government to promote transparency and more aggressive moves towards garnering private sector investments are the needs for the region.

The IDB President said the Caribbean is viewed globally as a ‘sea of peace’ in comparison to the current state of the rest of the world, maintaining that “We’re gonna turn that peace and tranquility into prosperity.”

Caribbean News

National Innovator of the Year Passionate about Technology in Education

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#Jamaica, November 30, 2022 – Educational Technologist, Davia Bryan-Campbell, is the 2022 National Innovator of the Year.

She copped the award for her creation, ‘EduHub Teach’, a platform that enables teachers to access and share resources with each other.

Science, Energy and Technology Minister, Hon. Daryl Vaz, presented Mrs. Bryan-Campbell with her award during a recent ceremony at The Jamaica Pegasus hotel in New Kingston.

Mrs. Bryan-Campbell, who is also a trained teacher, is Founder and Chief Executive Officer (CEO) of EduHub Company Limited.

Though she says the win was surprising, it was not by chance that her longstanding passion for technology in education has translated into a potentially life-changing innovation.

“I am passionate about information and communications technology (ICT), but I am more passionate about the collaboration between ICT and education. My love is really ‘ed-tech’… not just ICT but technology in education,” she tells JIS News.

Mrs. Bryan-Campbell points out that one of her greatest challenges is that in addition to focusing on the students, she and other teachers had lesson plans, worksheets, projects, PowerPoint presentations, and other administrative engagements to undertake, describing these as overwhelming.

“EduHub Teach was, therefore, designed out of the need to provide greater support to educators across the island, where they can become a part of an online community, [and] where they can collaborate and discover curriculum-specific resources,” she informs.

Mrs. Bryan-Campbell is hopeful that the platform will improve the overall education system, as it enables teachers to focus on “what really matters, which is the students and their learning outcomes”, and reduce their workload.

The talented innovator, who hails from Clarendon, says her interest in ICT became “very pronounced” whilst a student at Edwin Allen High School in the parish.

By the time she matriculated to the Shortwood Teachers’ College in St. Andrew, Mrs. Bryan-Campbell had embraced this interest fully, finding ways to infuse ICT in her lesson plans and instructional delivery to her students.

“When I moved on to [work at] St. George’s College, I used ICT to develop my lessons. I would always use the [audio-visual] AV room, ensuring that ICT was a critical part of teaching and learning,” she highlights.

The innovator also worked with e-Learning Jamaica Limited as a Project Implementation Officer, Training Officer, Training Manager, and Project Manager.  Her attendant engagements allowed her to contribute to national ICT-related programmes, such as the ‘Tablets in Schools’ and ‘Tablets for Teachers’ initiatives.

She holds a Master’s Degree in Education from the University of South Wales, a Bachelor’s degree in Guidance and Counselling from the Jamaica Theological Seminary, and several certificates in ICT, Instructional Design and Project Management.

A total of 37 entries were received across several categories for this year’s National Innovation Awards.

Chief Adjudicator, Professor Ronald Young, who delivered the judges’ report, pointed out that the submissions were required to have practically demonstrable functionality, perform a function that makes life easier and/or improve the quality of life, display creativity and demonstrate the economic use of materials that are available locally or are indigenous to Jamaica.

This, in addition to being original or a unique adaptation of existing gadgets, equipment, concepts, processes, products or services, with social or economic benefit and realising or at least having the potential for commercialisation while being safe for use and environmentally friendly.

The awards are presented biennially. However, it was last held in 2018, due to the COVID-19 pandemic which cancelled the 2020 staging.

 

BY: MICKELLA ANDERSON

JIS News

Caption: Minister of Science, Energy and Technology, Hon. Daryl Vaz (left), presents Chief Executive Officer/Founder of EduHub Company Limited, Davia Bryan-Campbell, with the 2022 National Innovator of the Year award during a recent ceremony at The Jamaica Pegasus hotel in New Kingston.

Yhomo Hutchinson Photo

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Caribbean News

Customers across both Internet Service Providers impacted by freak outage Saturday

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By Dana Malcolm

Staff Writer

 

#TurksandCaicos, November 30, 2022 – Magnetic Media can report, the strange countrywide outage affecting both Flow and Digicel customers over the weekend was a regional issue not just affecting The Turks and Caicos according to the service providers.

Numerous calls and complaints flooded Magnetic Media newsroom on Saturday; angry residents said their internet and mobile services had dropped.

Unusual was that customers of both providers were affected in this simultaneous event, which eventually we learnt had stemmed from beyond TCI shores.

At Digicel, the issues emerged from the night before with a drastic slow-down in speed of its internet services.  Technical staff was able to right the anomaly.

At Flow, the tech team was equally hard at work.  Flow’s serviced dropped completely.

On Monday,  we reached out to Flow and Digicel to find out exactly what caused the national disruption.  Flow Communications Executive Darron Hillaire told us, ““There was a multi-site outage that is still currently being investigated, as far as we know the cause was offshore, and details are still limited at this time.”

Providers in Jamaica confirmed that there were some regional issues that would likely affect countries maybe not in the form of total Internet outages but small drops in service coverage.

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Bahamas News

Hurricane Hole Superyacht Marina opens in the Bahamas 

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By Sherrica Thompson

Staff Writer

 

#TheBahamas, November 30, 2022 – Sterling Global Financial officially opened its Hurricane Hole Superyacht Marina on Paradise Island in the Bahamas on Friday, November 25.

The company broke ground for the $250 million redevelopment project in January 2019.

The deep-water floating docks are designed to cater to the needs of superyachts, sports fishers and smaller craft by adjusting to water levels and providing consistent access to vessels.  The company said this will help reduce the likelihood of damage during hurricanes.

While speaking at the opening ceremony, Prime Minister Philip Davis praised the Hurricane Hole Superyacht Marina, noting that it will add to the island’s vacation profile.

“This 250-million-dollar development is set to revitalize and diversify Paradise Island’s luxury vacation profile.  The entire development has effectively created a downtown district on Paradise Island and includes restaurants, harbourfront residences, professional offices, a food store, a wines and spirits retailer, and other commercial and retail vendors,” Davis said.

Davis also said the marina will boost tourism on Paradise Island.

“This boon is bringing excitement to Paradise Island, adding to the convenience for Paradise Island residents and the experience of visitors at hotels and short-term rentals.  More dining, boating choices, entertainment, and convenient services will serve to augment the overall experience of residents and visitors alike,” the Prime Minister explained.

Adding that: “At the heart of this development is the Sterling Hurricane Hole Superyacht Marina capable of hosting the world’s most exclusive superyachts — boats up to 420 feet in length.”

Minister of Tourism, Investments and Aviation Chester Cooper said the marina will increase the country’s booking for the next three months.

“These are exciting times for Nassau’s Paradise Island.  These are exciting times for tourism, and we know that our bookings for the next three months are 16 per cent ahead of where they were in 2019,” Cooper said.

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