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House Passes Legislation to Establish National Natural Disaster Reserve Fund

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#Kingston, Jamaica, June 6, 2024 – Legislation to establish a National Natural Disaster Reserve Fund (NNDRF) was passed in the House of Representatives on Tuesday (June 4).

The Bill, the Financial Administration and Audit (Amendment) (No. 3) Act, 2023, was piloted by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.  He said the Bill, amongst other things, identifies the sources of funding for the NNDRF and the conditions under which withdrawals may be made from it.

“The establishment of the NNDRF seeks to buttress and strengthen the Government’s disaster risk management framework, given the vulnerabilities that Jamaica faces,” the Minister said.

Dr. Clarke stated that small island Caribbean states such as Jamaica are especially vulnerable to natural disasters, adding that even without the direct hit of a hurricane, the fiscal impact can exceed two per cent of gross domestic product (GDP).

He noted that the financial management of such disaster risks is a priority of the Government, especially as Jamaica faces the increased prospect of more frequent and intense natural disasters.

“Notwithstanding the reference to natural disasters in the name of the Fund, the Government is… concerned with non-natural disasters as well. So, disasters, such as a severe economic contraction, is contemplated by the amendments to the Bill,” Dr. Clarke indicated.

He said the NNDRF’s fiscal resources are intended to treat with disasters that severely affect the economy and lead to a fiscal impact of 1.5 per cent or more of GDP, whether through revenue loss, increased expenditure or both.

“It is important to note that the NNDRF is not meant to replace or displace the role of the National Disaster Fund, established under the Disaster Risk Management Act, which has an entirely different purpose, which is mitigation preparedness, rapid early response and recovery,” Dr. Clarke informed.

He explained that the NNDRF is a financial risk management tool that forms part of Jamaica’s multi-layered suite of instruments to provide fiscal resources that enable the Government to respond to the major impact of disasters or to the impact of major disasters.

“It is for these reasons that the provisions established in the NNDRF are linked to section 48c, Subsection Two of the Financial Administration and Audit Act, as it is this section that allows for the suspension of the fiscal rules under certain circumstances,” Dr. Clarke outlined.

“So, the construct of the Section is that, if there is a natural disaster or economic contraction that is projected to have or has had a fiscal impact that exceeds one and a half per cent of GDP, the fiscal rules are suspended and the Government of the day also has access to the NNDRF,” he added.

The Minister pointed out that currently, the fiscal rules are suspended and the Government must fend on its own.

“What we hope to have is a stabilisation mechanism, a counter-cyclical buffer to which the Government of the day can turn in the event of such natural or non-natural disaster,” Dr. Clarke said.

The Minister further explained that the Bill defines ‘disaster’ as any occurrence set out in Section 48c (2) of the Financial Administration and Audit Act. This includes public disasters, circumstances of severe economic crisis and periods of public emergency, among others.

“These are the circumstances that allow for the suspension of the fiscal rules, and this Bill is an important step in enhancing the fiscal buffers of the country. One of the central economic lessons from our history is that we have to always be creating, maintaining, and improving and increasing fiscal buffers that allow us to endure and recover from economic shocks,” Dr. Clarke said.

 

Contact: Latonya Linton

Release : JIS

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Fighting the fungus foe of the beloved banana

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How Venezuelan farmers are learning to grow and live with a devastating plant disease

 

In the fields of Venezuela, where the banana has been for generations a symbol of sustenance and tradition, a shadow fell across the land. In 2023, Venezuela’s National Institute of Integral Agricultural Health (INSAI) declared a phytosanitary emergency: the fungus Fusarium Tropical Race 4 (TR4) (Fusarium oxysporum f. sp. cubense tropical race 4; syn. Fusarium odoratissimum) had arrived in producing areas in the states of Aragua, Carabobo and Cojedes.

This fungus, considered a devastating disease of banana and plantain (Musaceae) trees, can remain in the soil for more than two decades, threatening production and the lives of those who depend on it.

In the state of Aragua in the north of the country, the Renacer community had been growing bananas and plantains on 20 hectares since 2018. Then Fusarium arrived.

“When the disease hit, the entire plantation began to deteriorate. We refused to ‘die’ with the trees because that was our livelihood. The visits of INSAI confirmed that we had to chop down the banana trees. I cried a lot because I had worked with my banana trees for years,” recalls woman farmer, Lesbia Margarita García, with a broken voice.

In response, INSAI implemented measures to eliminate the affected plantations and improve the soil health by changing to other crops that allow agricultural production to recover. The Food and Agriculture Organization of the United Nations (FAO) offered assistance by providing corn seeds, tools, biosecurity inputs and training, with teams of experts helping farmers to start again.

“Planting corn, thanks to the INSAI-FAO programme, gave us a harvest that benefited everyone. We have been improving the soil,” says Lesbia Margarita with a smile. “Now we rotate crops, observe soil health and have learned how to use natural fertilizers. Expert assistance has been key.”

The pilot project works directly with affected producers in high-risk areas, promoting alternative crops such as cereals and vegetables, delivering inputs and tools to mitigate damage and applying biosecurity measures for safe and effective containment.

“Beyond the corn received, we have already planted cassava, chili peppers, beans and pumpkin. We hope that by the end of the year [2025] we will be diversified and that each season we will have something to sell. These lands do not give up,” says Lesbia Margarita with conviction.

The Renacer community is beginning to see fruits. Their products are reaching local markets, generating income and rebuilding their livelihoods.

Key actions to manage Fusarium TR4 are ongoing, including regular monitoring, continuous training, inter‑institutional coordination, updates to the national plan, information campaigns and producer impact assessments. INSAI is sustaining regulatory, surveillance measures and training —with FAO support—as part of a comprehensive long‑term strategy.

At the global level, FAO supports awareness raising, capacity building and international collaboration in the fight against Fusarium TR4 by facilitating the World Banana Forum and its Global Network on TR4.

“The objective is for countries to strengthen their operational and technical capacity, articulating actions between the public sector, the private sector and family farmers,” says Raixa Llauger, FAO Agriculture Officer in Mesoamerica. “FAO and local partners have promoted this approach in Venezuela.”

As an essential part of the activities, a comprehensive training programme was developed with activities that taught farmers how to identify the disease contain it and protect crops. In addition, FAO has distributed laboratory equipment, biosecurity tools and a multispectral drone to INSAI. Drones are an efficient and cost‑effective tool for phytosanitary surveillance, offering rapid, high‑resolution monitoring and early detection of plant pests and diseases.

Overall, the project strengthened biosecurity measures against the Fusarium fungus through the adoption of the National Action Plan and the establishment of partnerships with national and international institutions. In addition, the pilot initiative supporting smallholder farmers in key production areas and a nationwide awareness campaign with broad outreach improved surveillance, diagnosis and phytosanitary response capacities across the country.

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Widow’s Testimony Recounts Night Haiti President Was Killed

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MIAMI, Florida — Emotional testimony from Martine Moïse, the widow of assassinated Haitian President Jovenel Moïse, has given jurors in a U.S. federal courtroom a chilling account of the night gunmen stormed the presidential residence and killed the country’s leader.

Martine Moïse took the stand this week in Miami as part of the ongoing trial of several men accused of helping plan and finance the July 7, 2021 assassination, a crime that plunged Haiti into political crisis and remains only partially solved.

She told the court that armed men forced their way into the president’s private home in the hills above Port-au-Prince during the early morning hours, firing multiple shots at her husband while she lay beside him. She testified that she was also wounded in the attack and survived by pretending to be dead until the gunmen left the room.

According to prosecutors, the plot involved a group of foreign mercenaries, including former Colombian soldiers, along with Haitian and Haitian-American suspects. Investigators say some of the men believed the mission was to detain the president, but the operation turned into an assassination.

The Miami trial is focusing on the alleged role of South Florida businessmen and others accused of organizing or financing the plan, part of a wider international investigation that has stretched across several countries.

More than four years after the killing, the question of who ultimately ordered the assassination remains unanswered, with suspects still in custody in both Haiti and the United States as the case continues to unfold.

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

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Jamaica Joins Afreximbank Agreement, Strengthening Africa–Caribbean Partnership

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CARIBBEAN — Jamaica has become the 13th CARICOM member state to accede to the African Export-Import Bank Establishment Agreement, further strengthening economic ties between Africa and the Caribbean.

The development was confirmed during the 50th CARICOM Heads of Government Meeting, where an Afreximbank delegation led by George Elombi and Kanayo Awani met with Jamaica’s Prime Minister Andrew Holness to advance cooperation.

Prime Minister Holness thanked the bank for its support following Jamaica’s recent hurricane, noting that Afreximbank financing helped restore critical infrastructure including water, electricity, sewage systems and roads, while also assisting reconstruction efforts aimed at building stronger resilience to future disasters.

The meeting also focused on broader development opportunities tied to Jamaica’s membership in the agreement. Discussions included rebuilding and modernising infrastructure such as railways, hospitals and other public facilities, while strengthening regional transportation and trade networks to improve the movement of people and goods across the Caribbean.

Afreximbank has been expanding its presence in the Caribbean as part of its strategy to connect Africa with the region often referred to as “Global Africa.” The bank has already committed billions of dollars in financing and trade support to Caribbean economies in recent years, including funding for infrastructure, trade facilitation and private sector investment.

By joining the agreement, Jamaica gains expanded access to Afreximbank’s financial instruments, technical support and trade networks designed to promote commerce between Africa and CARICOM states.

Regional leaders say the growing partnership could unlock new opportunities in areas such as trade, logistics, tourism, manufacturing and cultural exchange, strengthening economic cooperation between the two regions with deep historical and diaspora ties.

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

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