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Caribbean Biz ,New York and USA is partnered with numerous trusted media Organizations, as listed below- . Get updates and information through us.


Newsamericasnow.com 

*  Black Diamond Media

*   Caribbean vibes.org 

* Caribbean pepperpot.com 

* Caribbean Round-UP

Caribbean Times News

* Caribbean Today 

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* Nation News

Barbados Today

* Caribbean Tourism Org/CTO








News Extra 


Mottley urged world leaders to change outdated finance system


The Harris Files:  by David Harris 

September 26, 2022

The Prime Minister of Barbados Mia Mottley has urged world leaders to overhaul the outdated and unfair global finance system during an address to the General Assembly of the United Nations seventy-seventh session last week.

During her speech, Mottley outlined The 2022 Bridgetown Agenda For The Reform Of The Global Financial Architecture which was motivated by the rising cost of living due to the Covid 19 pandemic and the war in Ukraine.

According to Mottley, the Bretton Woods Agreement that gave rise to the World Bank and the International Monetary Fund (IMF) no longer serves the purpose in the 21st century that it did in the 20th century

.She called for a global compact stressing that financing for development cannot be short-term but should be at least a 30-year loan.

“The world recognized this when allowed Britain to participate in the refinance of its World War I bonds which were only paid eight years ago, 100 years after World War I started,” Mottley said.

She argued that Germany was allowed to cap its debt payments at the equivalent of five percent of its exports, under the premise that the “cataclysm” experience of war would not allow them to finance reconstruction while repaying debts incurred during the war.

“We are no different, we have incurred debts for COVID-19, for climate, and now to fight this difficult moment of the inflation and [supply crisis]. Why must the developing world find money in 7 to 10 years when others had the benefit of longer terms to repay their [loans]?”, she asked the General Assembly


David Harris is a freelance journalist based in Barbados.


Blogs

Shadowless Biz: by Michael AW Callender

March 2, 2022


THE CARIBBEAN CRUISE INDUSTRY


The Cruise Industry is projected to continue to grow throughout 2019 with an estimated 30 million travelers, with an increase by 6% from 28.2 million in 2018. In the coming year 18 new ships are on order from 'Caribbean Lines International Association' CLIA Cruise lines. A total of 272 CLIA-member Cruise ships are projected to be in operation by June 2019.

In addition, the industry is the fastest-growing category in the leisure travel market. The industry has experienced an average annual passenger growth rate of approximately 7% per annum, beginning In 1980. As for cruising, an increase of 62% was achieved between 2005 and 2015. Is the Caribbean benefiting?

In recent months, many Tourism Ministers and representatives of the Caribbean Islands are monitoring this market very closely, with some overlooking it in detail, through indept discussion, data and analyst . Many I suppose is wondering why, but as for me, I am fully aware of the

reason. It is because the benefits to cruise Tourism lies in the pockets of the Industry owners and operators and not the Governments or business Entrepreneurs at the destinations.

One might wonder how is the Florida-Caribbean Cruise Association/FCCA really representing the various Governments, knowing of the one sided Industry.

When would this be fully reconized by Government Officials.

(MAWC)


[email protected]

https://www.caribbeanbiz.org/newsblogsfeatures

Michael A W Callender is the Marketing & Media Consultant /Tourism & Culture - SMAC Productions, NY USA


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