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News from OECS:



Organisation of Eastern Caribbean States (OECS)



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Enhancements in ECCU debt management units to improve regional debt management

May 22, 2015
Enhancements in ECCU debt management units to improve regional debt management BASSETERRE, St Kitts -- The Eastern Caribbean Currency Union (ECCU) countries will develop new organisational structures along functional lines to increase the effectiveness of their debt management units in implementing governments’ debt management strategies. This was one of the main decisions...

OECS to review performance of pharmaceutical suppliers at regional meeting this week

May 19, 2015
OECS to review performance of pharmaceutical suppliers at regional meeting this week CASTRIES, St Lucia -- The performance of suppliers of medicines and pharmaceuticals is among the major talking points for the 24th joint tenders-adjudication committee meeting of the Organisation of Eastern Caribbean States (OECS) Commission’s pharmaceutical procurement service (OECSPPS).

ECCB extending banking regulations, credit unions in ECCU will not be regulated

May 11, 2015
ECCB extending banking regulations, credit unions in ECCU will not be regulated BASSETERRE, St Kitts -- Governor of the Eastern Caribbean Central Bank (ECCB), Sir Dwight Venner, in an address broadcast across the region on Thursday, articulated the Central Bank’s proposals for increasing regulation of the sub-regional banking sector. Venner said the banking sector...

EC dollar as strong as ever, says ECCB deputy governor

May 8, 2015
EC dollar as strong as ever, says ECCB deputy governor BASSETERRE, St Kitts -- The Eastern Caribbean Central Bank (ECCB) has said that the EC dollar is as strong as ever despite the withdrawal of the currency's one-cent and two-cent coins. Deputy governor for the ECCB, Trevor Brathwaite, said the Eastern Caribbean currency has been pegged...

OECS takes further step to poverty reduction through multidimensional approach

May 5, 2015
OECS takes further step to poverty reduction through multidimensional approach CASTRIES, St Lucia -- Five Organisation of Eastern Caribbean States (OECS) member states: Antigua and Barbuda; Dominica; Grenada, Saint Lucia and St Vincent and the Grenadines have successfully launched a multidimensional project on reducing poverty in the OECS. The government of Chile is funding the...

Key stakeholders agree on action plan to improve OECS intra-regional travel

April 29, 2015
Key stakeholders agree on action plan to improve OECS intra-regional travel CASTRIES, St Lucia -- Tourism and civil aviation officials, airline representatives and regulators, as well as regional and international organisations, assembled in Antigua and Barbuda on April 22 to discuss and validate the findings emerging from a study commissioned by the OECS.

ECCU projected to achieve 2.4 percent growth this year

April 20, 2015
ECCU projected to achieve 2.4 percent growth this year KINGSTOWN, St Vincent -- St Vincent and the Grenadines prime minister, Dr Ralph Gonsalves, said that the Eastern Caribbean Currency Union (ECCU) is projected to achieve growth of 2.4% this year. The prime minister made the disclosure as he presented an address on radio and television...

Commentary: Interest rate reduction will benefit banks not the OECS economy

April 3, 2015
Commentary: Interest rate reduction will benefit banks not the OECS economy Item 1.3 of the communiqué of the 81st meeting of the Monetary Council of the Eastern Caribbean Central Bank (ECCB) held on 24th February 2015 and attended by most of the prime ministers/ministers of finance of the Organisation of Eastern Caribbean States (OECS) countries, states...

OECS weighs in on increasing tension between US and Venezuela

March 21, 2015
OECS weighs in on increasing tension between US and Venezuela CASTRIES, St Lucia -- The Organisation of Eastern Caribbean States (OECS) said on Friday that it has noted “with grave concern” the increasing tension in the relations between the United States and Venezuela. “The OECS cherishes the principles of democracy and the rule of law, and...

Other OECS states urged to follow Dominica's CCJ example

March 10, 2015
Other OECS states urged to follow Dominica's CCJ example ROSEAU, Dominica (WINN) -- Having officially bid farewell to the London-based Judicial Committee of the Privy Council, Dominica is now encouraging the rest of the Organisation of Eastern Caribbean States (OECS) to fully embrace the Caribbean Court of Justice (CCJ) as soon as possible.

Letter: Who was responsible for the recognition of Aves (Bird) Rock Island as an island and not as a rock?

March 6, 2015
Letter: Who was responsible for the recognition of Aves (Bird) Rock Island as an island and not as a rock? I am researching and writing about how on the recognition of Aves [Bird] Rock Island as an island and not as a rock may well have cost CARICOM and OECS member states billions of US dollars. I believe there was no need to make such recognition and in doing so cede thousands of...

OECS seeks data to develop Eastern Caribbean yachting sector

March 5, 2015
OECS seeks data to develop Eastern Caribbean yachting sector CASTRIES, St Lucia -- The Organisation of Eastern Caribbean States (OECS) Tourism Desk has attempted to address the challenge of lack of data to provide policy guidance to further develop the yachting sector. This was done via a survey conducted in 2014 at the United States Sailboat Show.

Letter: Venezuela has been well and truly fracked by the USA

March 5, 2015
Letter: Venezuela has been well and truly fracked by the USA Oil prices are down worldwide due to the Americans’ discovery and application of a process called fracking, and an oil pipeline from Canada. Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside. Water, sand and...

OECS health ministers discuss status of health sector

February 25, 2015
OECS health ministers discuss status of health sector CASTRIES, St Lucia -- The Organisation of Eastern Caribbean States (OECS) Commission’s special meeting of key decision makers in the health sector met with ministers for health on Tuesday morning on the status of member states regarding Ebola and other health matters.

OECS trade officials to push further towards free circulation of goods in 2015

February 19, 2015
OECS trade officials to push further towards free circulation of goods in 2015 CASTRIES, St Lucia -- The Organisation of Eastern Caribbean States (OECS) Commission anticipates a very busy year for trade officials. To this end, during 2015 work towards the establishment of a regime for the free circulation of goods (FCG) will continue. It will include engagement with...

Agreement signed for soil mapping project for Dominica and the OECS

February 16, 2015
Agreement signed for soil mapping project for Dominica and the OECS ROSEAU, Dominica -- Following discussions held between a Moroccan agricultural technical team and the ministry of agriculture and fisheries, a cooperation agreement was signed for the implementation of the soil fertility mapping project in Dominica. The project consists of eight work-packages.

French membership can strengthen OECS, says St Lucia ambassador

February 13, 2015
French membership can strengthen OECS, says St Lucia ambassador CASTRIES, St Lucia -- Qualified citizens resident in Martinique may be able to make use of the new economic space opened-up by the Organisation of Eastern Caribbean States (OECS) Economic Union, an OECS ambassador says. Saint Lucia’s ambassador to the OECS and CARICOM...

Martinique signs documents initiating associate membership of OECS

February 10, 2015
Martinique signs documents initiating associate membership of OECS CASTRIES, St Lucia -- Amidst a lavish ceremony with inspirational messages of hope and where youth in dance portrayed the passion for deeper integration, the Organisation of Eastern Caribbean States (OECS) demographic grew by almost 100 percent as Martinique joined the bloc of Eastern...

OECS eyes Martinique as tertiary health facility

February 7, 2015
OECS eyes Martinique as tertiary health facility CASTRIES, St Lucia (GIS) -- Organisation of Eastern Caribbean States (OECS) director general, Dr Didacus Jules, recently expressed the hope that Martinique can be utilized as a tertiary health facility for the OECS. This, following discussions between Martinique and the OECS Health Authority...

OECS to tighten regulations in ICT sector

February 6, 2015
OECS to tighten regulations in ICT sector CASTRIES, St Lucia (GIS) -- Market competition within the information and communication technology (ICT) sector was discussed at the 60th meeting of the Organisation of Eastern Caribbean States (OECS) Authority held on Wednesday. OECS Director General Dr Didacus Jules said that...

Martinique to become first French territory to join OECS

February 3, 2015
Martinique to become first French territory to join OECS CASTRIES, St Lucia -- The history of the Organisation of Eastern Caribbean States (OECS) will take a new turn on Wednesday when the French territory of Martinique signs on as an associate member, increasing the nine-member grouping to ten. The historic signing of Martinique as an...

OECS member states present joint marketing effort at Toronto Boat Show

January 16, 2015
OECS member states present joint marketing effort at Toronto Boat Show TORONTO, Canada -- The 57th Toronto Boat Show has presented a unique opportunity for Organisation of Eastern Caribbean States (OECS) member states to be present as a collective in one yachting space within the ambiance of an “Eastern Caribbean Village” manned by over 20 people from...

Three OECS tech companies make top 25 startups to watch in 2015

January 15, 2015
Three OECS tech companies make top 25 startups to watch in 2015 BRADES, Montserrat -- Two Montserratian startups and one Dominican-based company have been included in SiliconCaribe.com’s Top Caribbean Startups to Watch in 2015. This is the first year that SiliconCaribe, a blog focused on Caribbean technology education, is publishing the list.

OECS member states participate in Toronto Boat Show

January 9, 2015
OECS member states participate in Toronto Boat Show CASTRIES, St Lucia -- Organisation of Eastern Caribbean States (OECS) member states have embarked on a joint approach to marketing the region as a single yachting destination, with seven member countries – Anguilla, Antigua and Barbuda, British Virgin Islands, Dominica...

BVI partners with OECS to conduct labour force survey

January 9, 2015
BVI partners with OECS to conduct labour force survey ROAD TOWN, BVI -- The government of the British Virgin Islands, in partnership with the Organisation of Eastern Caribbean States (OECS) Secretariat, will be conducting a labour force survey in the Virgin Islands beginning on January 19, 2015. Director of the Central Statistics Office...

OECS diplomat cautions Caribbean states

December 23, 2014
OECS diplomat cautions Caribbean states CASTRIES, St Lucia -- The former director general of the Organization of Eastern Caribbean States (OECS), Dr Len Ishmael, says the Caribbean will never achieve the status of economic resilience as long as the international community insists on graduating it to middle income status.

Regional stakeholders receive findings of OECS gap analysis

December 18, 2014
Regional stakeholders receive findings of OECS gap analysis CASTRIES, St Lucia -- A landmark Organisation of Eastern Caribbean States (OECS) initiative focusing on sustainable land management and climate change adaptation achieved its first project milestone in Saint Lucia this week. A regional stakeholders’ workshop on Tuesday signaled the completion...

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