Turkey gives US$2M more to Caricom development fund

The Caricom Development Fund (CDF) has received a second contribution of US$2 million from the Government of Turkey in less than a year.

A release from the CDF said that the funds which will contribute to the capital fund, will be allocated in consultation with the Turkish authorities to projects submitted by eligible Caricom member states.   CDF’s CEO, Ambassador Lorne McDonnough thanked the Turkish government for its contribution, noting that it confirmed Turkey’s confidence in the work being done by the CDF.

“Both contributions are the result of discussions over the last three years between the CDF and the Government of Turkey and represent a tangible expression of Turkey’s desire to strengthen its ties with Caricom member states.

“An important part of our mandate is to ameliorate the disparities among Caricom member states and any dislocations which may result from the implementation of the Caricom Single Market and Economy (CSME) and this second donation from the Turkish government will go a long way in assisting with our mission,” McDonnough explained.

To date the CDF has approved over EC$112.86 million (US$41.8 million) in assistance to member states through its Country Assistance Programmes (CAPs), with the Board approving CAPs for Grenada, Dominica and Guyana in 2013 as well as supplementary funding for St Vincent and the Grenadines, as additional support for the development of that country’s new Argyle International Airport,” the release said.

The CDF was established to assist member states in maximising the benefits arising from participation in the CSME, by reducing intra-regional disparities through effective partnerships and the provision of financial and technical assistance support.

More in Local News

The car, PSS 1236 after it stuck the three victims.

Driver in accident with St Lucian cubs jailed for 10 months

The police today said that the driver of the motor vehicle who was involved in an accident with two St Lucian cub scouts has been jailed for 10 months.

default placeholder

Draft bill sees state assets recovery via civil proceedings

The draft State Assets Recovery Bill 2016 envisages non-conviction based, civil recoveries of property over $10m with a 12-year limitation period and wide powers will be available to the agency to be set up under the law to gather information.

Raphael Trotman

Gov’t will not be ‘lectured to in the press’ on forest concessions, Trotman says

Minister of Natural Resources and the Environment, Raphael Trotman yesterday said that the government will not be “lectured” to in the press on the issue of forestry concessions, while announcing that the arrival of officials from a company in China that may take over the operations of the controversial Baishanlin is being awaited.

Black Bush murder victims laid to rest: Rice farmer, Pawan Chandradeo, 37; his fifteen-year-old son, Jaikarran Chandradeo, both of 163 Mibicuri North, Black Bush Polder and his brother-in-law Naresh Rooplall, 33, of Number 75 Village, Corentyne were yesterday laid to rest following an emotional funeral. They were buried at the Babu John Cemetery, Port Mourant. The trio were found dead on Friday, less than a day after they had left to go on a fishing trip in Black Bush Polder. Intense investigations are underway into the murders. Photo shows the caskets of the three victims and part of the crowd that gathered.

Black Bush triple murder suspects brought to city

Seven men, including the main suspect who was arrested in connection with the Black Bush Polder, Corentyne triple murder were transported to Georgetown on Tuesday evening and are currently being questioned by ranks from the Criminal Investigation Department’s (CID), Major Crimes Unit.

Anthony Jhagroo

Bulletin issued for suspect in murder of mechanic

The police yesterday issued a  bulletin for Anthony Jhagroo, who is wanted for questioning in relation to two offences: escaping from lawful custody and the murder of mechanic, Yugeshwar Shiwcharan.

default placeholder

Five cops under close arrest over stolen gold

Five police officers attached to the Brickdam Police Station are currently under close arrest after they allegedly stole a quantity of raw gold from some miners last Friday.

Comments

About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Stay updated! Follow Stabroek News on Facebook or Twitter.

Get the day's headlines from SN in your inbox every morning: