The International Monetary Fund (IMF) has issued a formal call for stricter regulatory oversight of credit unions operating across Antigua and Barbuda, framing the reform as a critical pillar of broader work to shore up stability and resilience in the Caribbean nation’s financial sector. In its recently released Article IV consultation report, the global financial body confirmed that Antigua and Barbuda’s overall financial system remains on solid footing, with healthy levels of liquidity and sustained stability. Even so, the organization has pushed for continuous regulatory and supervisory overhauls to strengthen sector-wide governance. IMF executive directors put forward targeted recommendations, urging local authorities to shift toward a risk-focused model of supervision for the credit union industry. This shift, they argue, should be paired with targeted actions to improve loan loss provisioning practices and shore up capital buffers across credit unions, closing existing gaps in financial preparedness. The IMF emphasized that robust financial sector oversight is particularly vital at this juncture, as Antigua and Barbuda continues to navigate post-shock economic recovery and works to build long-term defenses against external volatility and structural domestic vulnerabilities. Beyond credit union reform, the report also underlined the urgent need for sustained progress on two key financial priorities: deepening the country’s financial markets to support greater access to capital, and updating frameworks to counter money laundering and terrorist financing, bringing them in line with evolving global standards. The nation’s high-profile Citizenship by Investment Programme was also flagged as an area requiring ongoing regulatory scrutiny, a key component of the government’s broader push to upgrade national financial governance. These policy recommendations come alongside the IMF’s latest economic forecasts for the twin-island nation, which confirm that Antigua and Barbuda’s economy kept expanding through 2025. Growth was driven largely by a boom in domestic construction activity, which offset a marked slowdown in the critical tourism sector. The IMF estimates that real gross domestic product grew by 3% for the year, while inflation cooled dramatically to 1.4% — a significant improvement from previous higher levels. Despite the positive growth trajectory, the report warned that notable downside risks remain on the horizon. Persistent global economic uncertainty, swings in global commodity prices, and domestic capacity constraints all threaten to derail progress moving forward. Strengthened financial oversight and targeted structural reforms, the IMF concluded, would position Antigua and Barbuda to lock in long-term economic stability and lay the groundwork for sustained inclusive growth. As the nation continues to build out its economic foundations, these regulatory updates are framed as a critical investment in both financial security and long-term prosperity.
作者: admin
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VS scherpt sancties tegen Cuba aan; VN waarschuwt voor ‘energiesterfte’
On Thursday, the United States rolled out a fresh slate of economic sanctions targeting Cuba, expanding on a months-long pressure campaign that has steadily ratcheted up tensions between Washington and Havana. The announcement came just hours after independent United Nations experts condemned the ongoing U.S. fuel blockade against the island nation as a form of “energy starvation” that inflicts severe damage on Cubans’ fundamental human rights.
The latest penalties target high-profile Cuban entities and individuals, headlined by Grupo de Administracion Empresarial SA (GAESA), a large business conglomerate controlled by the Cuban military that holds sway over nearly every major sector of the country’s economy. Ania Guillermina Lastres Morera, who serves as president of both GAESA and Moa Nickel SA (MNSA) — a nickel industry joint venture between Canadian firm Sherritt International and Cuba’s state-owned nickel enterprise — was also sanctioned. Within hours of the U.S. announcement, Sherritt International confirmed it had temporarily suspended all of its operational activities in Cuba to comply with the new measures.
U.S. Secretary of State Marco Rubio stated via social platform X that the new sanctions make clear the Trump administration will not tolerate what it frames as threats to regional security from the Cuban government. “We will continue taking action until the regime implements the necessary political and economic reforms, Rubio said.Cuba’s government has not issued an immediate official response to Thursday’s new round of sanctions, but earlier this week, Cuban officials already denounced U.S. restrictive measures as unilateral coercive tools that amount to collective punishment of the entire Cuban population.
Washington has significantly ramped up pressure on Havana since the start of 2026, a shift that followed the kidnapping of Venezuelan leader Nicolas Maduro on January 3. Since that event, the U.S. has cut off all oil shipments from Venezuela to Cuba, and issued an executive order imposing secondary sanctions on any third countries that supply fuel to Cuba, effectively creating a full fuel blockade. President Trump has repeatedly repeated threatened military action to overthrow the Cuban government.
The three UN special rapporteurs who released Thursday’s human rights assessment emphasized that the illegal blockade not only disrupts daily life across the island, but also systematically undermines the exercise of basic human rights for all Cubans. They defined the situation as “energy starvation”, a crisis where widespread fuel shortages paralyze the essential services that are required for a dignified human existence.
The experts also noted that only one Russian oil tanker has reached Cuban ports in recent months, a shortage that has drastically worsened the existing energy crisis sparked by long-term economic stagnation on the island. Local reports confirm that fuel shortages have blocked thousands of Cubans from accessing hospitals and prevented children from traveling to school. Cuba’s public health system alone is now backlogged with more than 96,000 delayed surgeries, including over 11,000 procedures for pediatric patients.
“Energy starvation used as a tool of coercion is incompatible with international human rights standards, the UN rapporteurs warned.
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DABA launches two-day referee clinic to strengthen basketball officiating in Dominica
The Dominica Amateur Basketball Association (DABA) has launched a targeted two-day Referee Clinic on Wednesday, marking a key milestone in the organization’s ongoing work to elevate officiating standards and grow competitive basketball across the Caribbean island nation.
In an official press statement announcing the initiative, DABA noted that the training program gathers seasoned veteran referees, promising new aspiring officials, and other key stakeholders from Dominica’s local basketball ecosystem for a packed schedule of rigorous skill-building activities. The core goal of the gathering is to refine existing officiating capabilities and deliver greater consistency in decision-making across all levels of domestic play.
Throughout the clinic, participating officials are receiving specialized, up-to-date instruction across a full spectrum of professional officiating competencies. Topics covered include the latest interpretations of international basketball rules, strategies for maintaining tight control during high-stakes games, optimal on-court positioning for referees, standardized officiating mechanics, effective communication between crew members, and other critical elements of elite game management. Per DABA, this clinic is not an isolated training event, but rather a core component of a wider, multi-year strategy to strengthen the quality of refereeing for every tier of basketball competition on the island.
The two-day agenda blends multiple learning formats to cater to different skill levels and learning styles: attendees will complete structured classroom-based theory sessions, hands-on practical drills held directly on court, detailed video reviews of past game calls to identify areas for improvement, and collaborative group discussions to address shared challenges faced by local officials. Organizers explain that combining theoretical learning with applied, on-site practice is designed to help officials build both the confidence and technical expertise required to perform at a higher competitive level.
DABA leadership emphasized that consistent investment in referee development remains non-negotiable for the long-term growth of basketball in Dominica. High-quality, well-trained officiating, the association notes, plays an outsize role in fostering healthy player development, ensuring smooth and fair game management, and lifting the overall level of professionalism across the sport nationally.
Association officials also reaffirmed their ongoing commitment to creating accessible, high-quality training opportunities for all key groups within the national basketball community, including referees, head coaches, players, and league administrators. This commitment aligns with DABA’s long-term strategic vision for sustained, inclusive growth of basketball across Dominica.
As the clinic got underway, DABA extended a reminder to all participants to take full advantage of the access to expert training and networking opportunities the event provides. The organization also offered public gratitude to the lead facilitators, participating officials, and community partners who worked to bring the clinic to fruition and support its successful execution.
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Dominican students to showcase innovation at national STEM Fair 2026
On Friday, May 8, 2026, hundreds of young innovators across the Caribbean island of Dominica will gather at the St. Alphonsus Parish Hall to take part in a nationwide showcase of STEM ingenuity, hosted by the country’s Ministry of Education, Human Resource Planning, Vocational Training, and National Excellence.
Kicking off at 10:00 AM local time under the official theme “STEM at Work: Building Industry Capacity through Ideas,” the fair brings together primary and secondary school students from every corner of the island, each presenting original projects that apply science, technology, engineering, and mathematics to solve pressing everyday problems and practical, real-world challenges. Unlike traditional classroom assessments that focus solely on theoretical knowledge, the event is structured to celebrate hands-on experimentation and out-of-the-box thinking, turning student ideas into tangible solutions that can resonate with local communities.
In an official press release announcing the event, ministry organizers outlined the dual core goals of the initiative. First, the fair seeks to cultivate essential 21st-century skills among young Dominicans: creative thinking, critical analysis, and structured problem-solving that will serve students regardless of their future career paths. Second, it aims to highlight the critical role that robust STEM education plays in driving long-term national economic growth and expanding the capacity of Dominica’s local industries, by nurturing a new generation of skilled talent ready to meet evolving industry needs.
Starting at 11:00 AM and running through 1:30 PM, the event opens its doors to members of the general public. Attendees will have the chance to walk through interactive exhibits, speak directly with the student creators behind each project, and gain a first-hand look at the depth of creative talent and innovative potential that educational institutions across Dominica are fostering today. For many students, the fair also represents a rare opportunity to share their work with community members, receive feedback, and see how their classroom learning can translate into tangible impact beyond school walls.
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Sergeant arrested for assaulting policewoman
A senior non-commissioned officer with the Guyana Police Force has been taken into custody following allegations of a violent assault against a female officer at the Anna Regina Police Station, law enforcement authorities confirmed. The reported incident unfolded in the early hours of Friday, May 8, 2026, at approximately 1:00 a.m. local time.
In an official public statement released following the arrest, the Guyana Police Force outlined that preliminary investigations have confirmed the female officer was the target of the alleged assault inside the station compound. Alongside the assault, a second female member of the force was reportedly subjected to threats by the suspect, the statement added. As of Friday afternoon, authorities have not released any details regarding the underlying trigger for the alleged violence and intimidation.
Once regional senior police command was notified of the incident, immediate action was taken to arrest the suspect sergeant, who remains in police custody as investigators continue to build their case. The alleged assault victim was promptly transported to a local medical facility for a full clinical evaluation by a licensed physician, and law enforcement officials confirmed that medical care has been provided as needed. Investigators have already begun collecting formal witness statements as part of the ongoing inquiry, with no further updates expected until initial probes are completed.





