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Haiti inflation increase, food prices more

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Rashaed Esson

Staff Writer 

 

#Haiti, November 27, 2023 –  Haiti’s food security is being worsened by recent inflation levels, according to the Haitian Institute of Statistics and Informatics (IHSI).

 

This comes as the institute informed that “a shape acceleration in inflation was recorded on a monthly basis” referring to the measurements for October.

 

It said the General Consumer Price Index (CPI, 100 in 2017–2018) went up by 3.4 percent in October of the year, compared to 2.3 percent in October.

 

Consequently, food prices between September and October increased by 4.8 percent, more than double normal prices, says ProEco Haiti, an economic consultant, as it informed it is concerned that this risks the worsening of the food situation in the country.

 

ProEco points out that this increase in prices is in the first month of the 2023-2024 fiscal year and is due to the closure of the land border between Haiti and the Dominican Republic, not to mention the fact that Luis Abinader, President of the Dominican Republic, unilaterally announced the complete closure of the border on September 15th, 2023.

 

Now, considering this, as ProEco expressed, the increase in prices is due to the border closing, as Haiti is dependent on the Dominican Republic. However, the economy consultant urges the public and private sectors to work to diversify the country’s commercial partners, reducing its dependence on the neighboring republic while mitigating the effects on its economy of possible crises between the two countries.

 

Furthermore, despite the fact that inflation increased in October, the IHSI revealed that there is not just bad news, as there is some level of progress for the republic as the deceleration of prices at an annual rate has been seen. It said inflation in October 2023 stood at 22.8 percent, the lowest reached since October 2021. Additionally, ProEco added to this fact, saying that annual inflation was 31.8 percent in September 2023.

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South Caicos Development Plans shared with Washington-Misick led Administration

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On Monday, 12 February 2024, the Premier led a delegation to tour the island of South Caicos to view the ongoing public and private sector projects, involving the remodelling and rebranding of the airport terminals, historical districts, and the East Bay Hotel.

The tour of the various developments reinforced the Government’s commitment to collaborating with stakeholders to boost the island’s activity and economy.

Photos courtesy of the TCI Office of the Premier

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Ministry of Tourism continues to get rid of dilapidated structures

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By LINDSAY THOMPSON

Bahamas Information Services

NASSAU, The Bahamas – The Ministry of Tourism, Investments and Aviation is continuing to rid areas of derelict and dilapidated structures posing safety problems, and a threat to the overall tourism product.

In this vein the recent structure to be demolished was the Gaming Board building owned by the Hotel Corporation.  Located adjacent to Goodman’s Bay Beach on West Bay Street, it was formerly the Sir Harry Oakes property; the northern portion once housed Bahamas Information Services for several years.

 


On hand to witness the demolition were Deputy Prime Minister and Minister of Tourism, Investments and Aviation the Hon. Chester Cooper, and Senator Randy Rolle, Global Consultant, MOTIA.

The demolition started on Monday, February 5, 2024 by Virgo Construction headed by the contractor Terry Delancy.  

DPM Cooper explained that the government felt the Gaming Board building should no longer sit there in a derelict manner, and continue to be an eyesore and pose safety concerns.

“Goodman’s Bay will be enhanced as a result of getting rid of this building. It will be more aesthetically pleasing for residents who traverse this area. Women who walk in the mornings in particular through these areas will be pleased to see that this has become a green space, rather than a derelict structure,” he said.

DPM Cooper also noted that his ministry consulted broadly with the Antiquities, Monuments & Museums Corporation (AMMC), and other historians before proceeding with demolition.

“We are sure not to take any actions as it relates to buildings, without consultation. So they were very comfortable with the process and we continue to work closely with them on all of the buildings that we have demolished in the downtown area,” he said.

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Ms. Camilla Lightbourne joins Experience Turks and Caicos team

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Experience Turks and Caicos is pleased to welcome Ms. Camilla Lightbourne to the post of Executive Assistant to the CEO effective February 06th, 2024.

Ms. Lightbourne is currently pursuing a Bachelor’s degree a DeVry University in Florida and previously worked as an Import Logistics Associate at Graceway Trading Ltd. and a Business Account Executive at Digicel.

In welcoming Ms. Lightbourne to the team, Ms. Racquel Brown, Change Manager and Interim CEO of Experience Turks and Caicos said Ms. Lightbourne’s appointment underscores the growth of the organisation.

“Experience Turks and Caicos is growing as we fill out key positions and responsibilities in the organization. As such, it has become necessary to bolster the CEO’s office by adding an Executive Assistant to work with the CEO on the effective administration of the day-to-day tasks. I look forward to working with Ms. Lightbourne in this regard,” she said.

Ms. Lightbourne said she is pleased to be part of the Experience Turks and Caicos team.

“I am elated to join such a dynamic organisation. I am looking forward to making my mark in the future development of our country’s tourism product,” she said.

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