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Food Prices still burdensome for Lower-Middle-Income Countries says Report

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Dana Malcolm
Staff Writer 

The Russian Invasion of Ukraine is hammering Food Security and it is showing up in the prices quoted on supermarket shelves according to the US Center for Strategic and International Studies (CSIS) is a bipartisan, nonprofit policy research organisation.

“While global food prices measured in U.S. dollars are falling,local prices measured in national currencies are rising in many countries. As of September and October 2023, for example, more than a third of low-income countries (LICs) and lower-middle-income countries (LMICs) experienced food price inflation of more than 15 percent, with food price inflation at 30 percent for LICs in that period,” CSIS said in a February 27, 2024 report.

Describing the invasion as the greatest military-related increase in global food insecurity in at least a century, CSIS predicts that serious ramifications will follow even into the next decade.

“Millions will still be chronically undernourished in 2030 because of Russia’s war,” it said.

Food security has become a major concern globally, and especially in the Caribbean, where the cumulative food import bill is over $6 billion per year. In 2022 food inflation in the Turks and Caicos Islands crossed the 30 percent mark.

The 25 by 2025 initiative launched by CARICOM is an effort to reduce the regional bill by 25 percent and is a testament to the growing concern about food prices and food security.

The CSIS is warning that even when prices seem to go down there are still concerns

“Receding global food prices mask an ongoing global food security crisis– low-income-countries and lower-middle-income countries have relatively less fiscal space to support household-level food security, having depleted their national budgets during the Covid-19 pandemic, and are less able to afford the cost of imports,” it says.

Just days before the CSIS report was published, during the 46th Regular Meeting of the Conference of Heads of Government of CARICOM, Irfaan Ali, Chairman of CARICOM and President of Guyana, used his opening speech to highlight the need for more work to be done to eradicate hunger and malnutrition.

The President revealed 1.3 million more Caribbean residents were affected by food insecurity in 2023 than the year prior. He blamed the alarming number on increased costs for fertilizer, and imported inflation. Ali described it as an ‘alarming number.’

The 25 by 2025 plan was highlighted as a focal point of the regional conference as countries continue to pencil out ways to save cash as food insecurity continues and food prices fluctuate globally.

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Four Years to Deliver: World Oceans Day Calls for Action, Not Promises

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By Deandrea Hamilton

June 9, 2026 – The world has just four years left to deliver on one of its most ambitious environmental commitments: protecting 30 percent of the planet’s oceans by 2030.

On World Oceans Day 2026, environmental organizations, governments and international leaders are shifting the conversation away from awareness and toward action, urging countries to turn decades of promises into measurable protection for marine ecosystems.

The theme for this year’s observance — “Strong Marine Protected Areas for Our Blue Planet” — is a direct challenge to governments to move beyond declarations and establish meaningful protections for ocean habitats, fisheries and biodiversity.

The urgency is especially relevant in the Caribbean, where economies, jobs and entire communities depend on healthy oceans.

From tourism and fishing to transportation and climate resilience, the sea is the region’s most valuable natural resource.

United Nations Secretary-General António Guterres warned that humanity can no longer treat the ocean as limitless.

“In these turbulent times, the ocean reminds us that we are bound together,” Guterres said. “But the ocean is in deep trouble.”

The global push follows the recent ratification of the High Seas Treaty, designed to protect marine biodiversity beyond national waters. Together with the international 30×30 target, the agreement represents one of the largest conservation efforts ever attempted.

Closer to home, Caribbean nations are also advancing ocean protection initiatives.

CARICOM says it is developing a regional Ocean Policy aimed at strengthening marine governance and supporting sustainable blue economies.

In the Turks and Caicos Islands, World Oceans Day coincides with the tenth anniversary of the Blue Belt Programme, which has focused on protecting marine resources while supporting sustainable use of the Territory’s waters.

In The Bahamas, conservation advocates are encouraging citizens to reconnect with the ocean and recognize its value not only as a source of recreation, but as the foundation of national prosperity.

Yet conservationists say government action alone will not be enough.

Protecting the ocean begins with everyday decisions: reducing pollution, respecting marine habitats, supporting sustainable fishing practices, participating in clean-up efforts and holding leaders accountable for environmental commitments.

The message of World Oceans Day 2026 is straightforward.

The promises have been made.

The treaties have been signed.

The targets have been announced.

Now comes the hard part: protecting the ocean before time runs out.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Bahamas News

Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

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May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

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

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Bahamas News

UN Reports Ebola Outbreak Expands in DRC; Bahamas Monitors Two Recent Arrivals

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The Bahamas, May 29, 2026 – The Ebola outbreak in the Democratic Republic of the Congo (DRC) continues to expand, with United Nations officials now warning that the disease has spread across multiple eastern provinces and become the third-largest Ebola outbreak on record.

According to the UN Office for the Coordination of Humanitarian Affairs (OCHA), as of May 26 the outbreak had reached 13 health zones in Ituri, North Kivu and South Kivu provinces. More than 1,000 suspected cases have been reported, including 121 confirmed infections and 17 deaths. Six healthcare workers are among those who have died.

The United Nations says humanitarian teams remain actively engaged in treatment, surveillance, community outreach and disease containment efforts. However, the response is being complicated by insecurity, population movement and restrictions affecting the delivery of supplies and personnel.

While the outbreak remains confined to Africa, authorities in The Bahamas recently activated emergency health protocols after two men who had spent time in the Democratic Republic of the Congo arrived at Lynden Pindling International Airport aboard a British Airways flight.

The Ministry of Health confirmed the travelers were isolated after presenting low-grade fevers upon arrival on May 22. Officials later reported that the fevers subsided and neither individual displayed symptoms consistent with Ebola Virus Disease.

The two men, identified as a British national residing in Australia and a French national, were transferred to the Modular Unit at Princess Margaret Hospital for continued monitoring.

Health officials emphasized that there are currently no confirmed Ebola cases in The Bahamas and assessed the risk to the public as low.

Still, the growing outbreak overseas has prompted increased vigilance. Health Minister Dr. Michael Darville said the government is reviewing whether additional travel measures may be necessary for countries affected by the outbreak.

The United Nations this week announced up to US$60 million in emergency funding to support the Ebola response in the Democratic Republic of the Congo and neighboring countries, warning that rapid action remains critical to preventing further spread.

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

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