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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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Mother’s Day has meaning Across the World, in the Region and right at here at Home

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May 11, 2024 – Mother’s Day has a rich history that dates back to ancient times when Greeks and Romans held festivals to honor mother goddesses. However, the modern Mother’s Day as we know it originated in the early 20th century.

The official Mother’s Day holiday in the United States was first proposed by Anna Jarvis in 1905, as a way to honor her own mother who had passed away.

Her efforts led to the first Mother’s Day celebration in 1908, organized by her at a church in West Virginia. The holiday gained popularity quickly, and in 1914, President Woodrow Wilson signed a proclamation designating the second Sunday in May as Mother’s Day, a national holiday to honor mothers.

Since then, Mother’s Day has become a widely celebrated occasion around the world, with people expressing their love and appreciation for their mothers and mother figures through gifts, cards, and special gestures.

Mother’s Day is celebrated in various countries around the world, although the dates and traditions may differ. Among the many marking the celebration of mothers is the United States, Nigeria and United Kingdom (which had Mother’s Day in March), Canada, Australia, India, Mexico (marked Friday May 10), Brazil, Japan, South Africa and France (later this month May 26).  These are just a few examples, as Mother’s Day is observed in many other countries as well, each with its own customs and traditions for honoring mothers and motherhood.

In the Caribbean, Mother’s Day is also marked with vim and vigor and reverence.

When you talk about island nations like Jamaica, Trinidad and Tobago, Barbados, Turks and Caicos Islands and The Bahamas, among others, all observe Mother’s Day with celebrations that often include special church services, family gatherings, and the giving of gifts and cards to honor mothers and mother figures.

Traditional foods and music may also be part of the festivities staged in the neighbourhood or huge family groups will flock to their favourite dining spots for brunch.

It is not unusual to see Mother’s Day concerts, national awards ceremonies and luncheons making it a striking and joyous occasion for families eager to show appreciation for the important women in their lives.

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Caribbean News

Saudi Arabia E-Visa Access Broadened – Caribbean

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Rashaed Esson

Staff Writer

Citizens from Barbados, The Bahamas and Grenada have been granted access to Saudi Arabia’s electronic visa, now being able to apply for their visas online or acquire them upon arrival at Saudi Arabia entry points, according to reports. So far, there are only 66 countries with access to the E-Visa.

 

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Health

Astrazeneca to withdraw vaccines – Health Side Effects

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Rashaed Esson

Staff Writer 

Astrazeneca says it is withdrawing its vaccines from the market worldwide, effective as of May 7 as it was reported to cause side effects such as blood clots and low blood platelet counts. This was first reported by the Telegraph. The Withdrawal they say is also due to the availability of other updated vaccines.

 

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