The USA Caribbean Investment Forum took place over two days last week at the New York Marriott Marquis Times Square. The event, hosted by the Caribbean Association of Investment Promotion Agencies (CAIPA) in partnership with representatives of the CARICOM Consular Corps (namely, the Consulates General of Trinidad & Tobago, Barbados, St. Vincent & the Grenadines and Antigua & Barbuda), brought together government officials, investment promotion agencies, entrepreneurs, and business leaders from the Caribbean diaspora to connect, engage in thoughtful discussions, and explore investment opportunities throughout the Caribbean.
Fostering International Collaboration
The event featured distinguished speakers and representatives from both the US and Caribbean governments. Consuls General Mr. Mackie Holder (Barbados), Mr. Jerome Andre Laveau (Trinidad & Tobago), and Mr. Rondy McIntosh (Saint Vincent and the Grenadines) along with Jeanette Moy, Commissioner of the NYS Office of General Services, Edward Mermelstein, NYC Commissioner of International Affairs, and Molly Bauer, Industry Development Associate from the NY Governor’s Office, shed light on the initiatives that New York City, which is home to so many Caribbean Diaspora, is implementing to support economic collaboration between the regions.
Hon. Kenneth Bryan, Minister for Tourism & Ports, Cayman Islands, and Chair of Caribbean Tourism Organization (CTO) and Hon. E. Jay Saunders, Deputy Premier, Minister of Finance, Trade and Investment, Turks and Caicos Islands delivered insights via keynote speeches and held candid discussions during panel and Q&A sessions. The event served as a unique opportunity to communicate in an open and honest forum with two esteemed leaders from the Caribbean about investing in the region.
Promoting Investment Opportunities
CAIPA welcomed representatives from Invest Barbados, Invest Dominica, Grenada Investment Development Corporation (GIDC), InvesTT (Trinidad and Tobago), Invest Turks and Caicos, St. Kitts Investment Promotion Agency (SKIPA), Invest St. Lucia, Invest St. Vincent & the Grenadines, the Bahamas Investment Authority, the Curacao Investment and Export Promotion Agency (CINEX), and the Sint Maarten Ministry of Tourism, Economy, Transport and Telecommunications, to discuss various opportunities for investment in their respective countries and how their agencies support and facilitate potential investors.
Private sector companies including the St. James School of Medicine, Century21 Guyana, Ethniv, and Homestrings joined the forum to discuss their current active projects in the Caribbean. They detailed how they’ve worked with local governments and institutions to successfully launch and operate their businesses in the Caribbean, along with the potential opportunities for continued growth.
Understanding How Caribbean Financial Institutions Facilitate Investment
The Forum brought together key representatives from Caribbean financial and economic development institutions: IDB Lab (Ms. Magdalena Coronel, Chief Investment Officer), the National Commercial Bank Jamaica LTD (Mr. Jeffrey Brown, Head, Loans Structuring and Syndications), USAID (Mr. Mervyn Farroe, USAID representative for the Eastern and Southern Caribbean), and the Caribbean Development Bank (Ms. Lisa Harding, Private Sector Development Specialist) to detail how these organizations facilitate and support private investment in the Caribbean.
Attendees had the opportunity to meet directly with CAIPA member countries during business meetings. These one-on-one conversations were valuable opportunities to speak directly with key stakeholders in order to advance projects and forge direct relationships.
The inaugural USA Caribbean Investment Forum was a great success due to the collaboration and engagement from individuals representing a wide range of sectors, organizations, and countries – all united under the goal of driving economic growth in the Caribbean and taking advantage of the enormous opportunities available in the region. https://www.investincaribbean.org/news-center/sign-up-for-our-newsletter to sign up for our newsletter.CAIPA and the representatives of the CARICOM Consular Corps are proud to have facilitated these conversations and supported deepening of relationships with key stakeholders throughout the US and the Caribbean. We look forward to our next event, which will be held on 6-8 March in Miami (Caribbean Logistics Investment Conference 2024) – focused on attracting investments into logistics and transportation by sea and air as well as e-commerce logistics and industrial logistics parks throughout the Caribbean. Stay tuned for more details! If you or anyone you know is interested in joining the CAIPA mailing list, please visit:
Officers for Haiti multinational force more than 2000, close to 5000 mark
#Haiti, December 11, 2023 – The number of officers for the multinational force to be deployed in Haiti is over 2500, not too far from the 5000 requirement as declared by Kenya.
Ulrika Richardson, the United Nations resident Coordinator in Haiti, made the revelation recently, expressing hope that the deployment will be made before April, in the first quarter of 2024.
While the worsening humanitarian crisis in Haiti continues to evoke concern globally, Kenya has been barred from deploying officers due to an ongoing court conflict regarding the constitutionality of the promise to lead the multinational force.
In fact, in November, following earlier decisions in October to block the deployment of officers, Judge Enoch Mwita, reports say, informed that the orders preventing the deployment will remain in place until he gives a ruling on January 26th.
However, despite this hindrance in Kenya, according to Richardson, authorities continued preparations for the upcoming mission.
This comes as gang violence recently spread across Haiti into areas initially considered safe, as revealed in a new UN report, an indication of the need for swift decisions and actions to help the republic.
Mottley’s speak on Antimicrobial resistance importance.
December 11, 2023 – Antimicrobial resistance is an important development globally for the near future, and Mia Mottley highlighted the seriousness of this amid climate change effects.
Mottley highlights this, acknowledging the new development of health being at the center of climate efforts.
She points out that focusing on health gives the world a chance to be steps ahead of what can happen due to the changing climatic conditions, and she specifically refers to “new pathogens.”
“There’s a strong possibility of new pathogens that will develop, and we expect that we need to be able to ensure that we are in a position to treat people when and if these new pathogens become a reality across our globe,” she said.
She continued to speak of her support for the Health Global Initiative, which focuses on antimicrobial resistance, a necessity, as she points out, adding that it’s the third largest killer in the world, hence the importance of resistance.
Mottley further underscores the grave nature of antimicrobial resistance, expressing the prediction that it is the largest reason for deaths by 2050, reversing a century of medical progress, she says.
In fact, the level of seriousness runs so deep that Mottley says acts such as going to the dentist and having a baby will be high-risk if stronger efforts aren’t made regarding resistance.
Expressing that more needs to be done for antimicrobial resistance, Mottley referred to the number of firms doing research in the year 2000, compared to now.
“In the year 2000, the world had 20 firms doing research on antimicrobial resistance and looking for new antibiotics; today there are four firms.”
Next year, in 2024, there will be a General Assembly on antimicrobial resistance, and Mottley maintained that it might hopefully reignite and reposition in people’s minds the need for more financing for antimicrobial resistance. She emphasized this by highlighting that this COVID-19 pandemic was a lesson, showing the world what happens when it’s not prepared for new pathogens.
Caribbean mourns death of literary Giant
December 11, 2023 – Edward Alston Cecil Baugh, a Caribbean literary giant, sadly passed away on Sunday, December 10th, 2023, leaving behind a rich legacy in the literary world.
Baugh, born on January 10th, 1936, in Port Antonio, Jamaica, which made him 87 years old, lived a successful life not only as a renowned Jamaican poet and scholar but also as a professor at the University of the West Indies (UWI), teaching at the Cave Hill campus first, then at the Mona campus.
He is regionally recognized for his work on pieces by Derek Walcott, who was a Saint Lucian poet and playwright. Baugh edited Walcott’s Selected Poems (2007).
Additionally, his other notable works include West Indian Poetry 1900–1970: A Study in Cultural Decolonization (1971) and Derek Walcott: Memory as Vision (1978).
Commenting on his passing, Professor Emeritus Dr. Norval Edwards described Baugh as an “intellectual giant,” reports say, adding that his passing is an “immense loss” for the wider Caribbean.
“Jamaica and the wider Caribbean have lost an intellectual giant, an erudite and brilliant scholar, an exemplary teacher, and anyone who has been taught by him would have been touched and inspired by his brilliance. He transmitted a love for the subject,” Norval said.
The Honourable Andrew Holness, prime minister of Jamaica, briefly gave remarks regarding Baugh’s passing on Facebook.
Holness spoke of the poet’s exceptional work in literature.
“Professor Edward Baugh’s impact on Jamaican literature and insightful contributions to postcolonial Caribbean poetry have left an enduring mark on our cultural heritage. As a nation, we were blessed and privileged to have witnessed the immense talent of Prof Baugh. I express my deepest condolences to the family and loved ones of our revered poet, orator, biographer, and prominent scholar in postcolonial Caribbean poetry,” said Holness.
“May the enduring legacy of his literary contributions and profound insights offer solace during these challenging times, and may his soul find eternal peace,” Holness added.
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