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U.S. wants to reduce Caribbean dependence on Venezuelan oil

Washington, Jan 27 (EFE).- The U.S. government has urged Carribean countries to accept a new energy paradigm based on private investment in order to diversify its energy sources and reduce dependence on "Petrocaribe", the Venezuelan plan for subsidized oil.

Significant Benefits to Flow From CELAC Meeting in China

Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell, is projecting that “significant benefits” will flow to Jamaica and the wider Caribbean, arising out of the meeting of the Community of Latin American and Caribbean States (CELAC) held in Beijing, China January 8 to 9.

Xi pledges Latin America, Caribbean investments of US$250 billion

BEIJING, Cgina Thursday January 8, 2015 - Chinese president Xi Jinping Thursday opened a historic meeting between his nation and the countries of the Community of Latin American and Caribbean States (CELAC) by pledging US$250 billion in new investment in Latin America over the next decade.

Latin America and Caribbean growth to pick up slightly in 2015

Latin America and the Caribbean's economic growth might recover modestly to 2.2 percent in 2015, up from 1.3 percent in 2014, its lowest rate since last decade's global financial crisis. Despite the slowdown, the region has managed to maintain its gains against poverty, said Inter-American Development Bank President Luis Alberto Moreno.

Colonial Reparations: Initiative of Caribbean States

The contemporary world system has shaped as a result of centuries - old colonial and neo-colonial policy of the West. The material well-being of «gold bullion» states is not based on effective economy but rather on global system created to exploit the poor South by the rich North.

Jamaica's tourism arrivals up despite regional trend

KINGSTON, Jamaica December 30, 2014 – Despite the result of a recent IMF study which shows tourism on the decline to the Caribbean Region, The Jamaica Tourist Board (JTB) has announced that tourist arrivals, up to the end of October, were up 3.1% over last year.
  • Published in Tourism

10 Achievements of the ALBA Alliance in 10 Years

The Bolivarian Alliance for Our Americas, ALBA, was born 10 years ago as an alternative to neoliberal free trade agreements. 1. ALBA has produced tens of thousands of doctors Through the Latin American School of Medicine campuses in Cuba and Venezuela, ALBA has produced some 21,075 doctors and 1,590 medical specialists. Through the Miracle Mission, more than 3 million people have undergone surgery to have their eyesight improved or recovered at no cost. 3. Almost 4 million people have learned to read through ALBA supported programs Using the "Yes I Can" teaching method designed by Cuba, a total of 3,815,092 people have become literate in the region through ALBA supported programs. UNESCO has declared ALBA members Antigua and Barbuda, Bolivia, Cuba, Nicaragua and Venezuela as “Illiteracy-Free Territories.” 4. ALBA countries pledged $2.42 billion in aid to Haiti after the 2010 earthquake Just after the devastating quake, ALBA also set up five camps with comprehensive care, which housed 3,455 families, provided 55,939 medical consultations and administered 5,904 vaccinations. 5. ALBA sent over 100 tons of supplies to Gaza after the Israeli-Gaza war this summer The Venezuelan people sent 56 tons of humanitarian aid, while Ecuadorians contributed 48 tons and Cuba sent six tons of aid to Gaza following Israel’s deadly offensive against the occupied strip, dubbed Operation Protective Edge. These shipments included tents, non-perishable food items, water, clothes and medical supplies. 6. ALBA games have set new athletic records In 2005, the ALBA Athletic Games were set up to promote physical activity and solidarity among peoples. In the 4 competitions convened so far, a record 10,532 athletes have competed. 7. Four ALBA countries have been declared free from hunger by the United Nations Grenadines, St. Vincent, Venezuela and Cuba have been declared hunger-free by the Food and Agriculture Organization (F.A.O) of the U.N. Nicaragua, Bolivia and Ecuador have also made significant progress in this area. 8. ALBA has developed an alternative currency to break dependency on the U.S. To date, 5,657 transactions totalling US$2.5 billion have taken place using the SUCRE. The currency was developed by ALBA so that international trade would not depend on U.S. currency and exchanges. In the first half of 2014, 76 percent of those trading using the SUCRE were private enterprises and 24 percent represented the public sector. According to its founding document, “the cardinal principle that should guide the ALBA is the widest solidarity between the peoples of Latin America and the Caribbean ... without selfish nationalism, nor restrictive national policies that deny the objective of building the greater Homeland (Patria Grande) in Latin America.” As such, trade between members is done at preferential, non-market rates and payment can be made through goods as well as through payments over a period of time at lower-than-market interest. 10. ALBA is growing In the last 10 years, the bloc has grown tremendously. It has expanded from its two signing partners in Cuba and Venezuela to include Antigua and Barbuda, Bolivia, Dominica, Ecuador, Nicaragua, Saint Lucia as well as St. Vincent and the Grenadines. Suriname and Haiti are also slated to become members. Read More: ALBA Nations Prepare Action Plan to Tackle Ebola ALBA Cultural Center to Open in Ecuador Italy Seeks to Form an Organization Akin to ALBA ALBA Leaders Reject US Interference as Summit Concludes
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