The World Bank has emphasized the potential for Latin America and the Caribbean (LAC) to overcome its persistent low-growth cycle by fostering entrepreneurship to drive job creation, enhance productivity, and accelerate innovation. In its latest report, titled ‘Latin America and the Caribbean Economic Review: Transformational Entrepreneurship for Jobs and Growth,’ the institution highlighted the region’s economic challenges, including stubborn inflation, rising debt, weak investment, and global uncertainty. These factors are projected to limit regional growth to 2.3% in 2025 and 2.6% in 2026, the slowest among global regions. Susana Cordeiro Guerra, World Bank Vice President for Latin America and the Caribbean, stressed the need for governments to build on recent stability by accelerating reforms to improve the business climate, invest in infrastructure, and mobilize private capital. The report identifies external challenges such as declining global demand and commodity prices, which are expected to drop by 10% in 2025 and another 5% in 2026, impacting key sectors. Domestically, high inflation and public debt, with the debt-to-GDP ratio rising to 63.8% in 2024, further constrain economic activity. The report advocates for ‘transformational entrepreneurship’—high-growth firms that diffuse technology, create jobs, and boost productivity—as a catalyst for economic dynamism. William Maloney, World Bank Chief Economist for Latin America and the Caribbean, underscored the role of entrepreneurs in identifying opportunities and driving innovation. However, the region faces significant barriers, including limited access to finance, heavy regulation, skills gaps, and weak infrastructure. To address these challenges, the report proposes a three-point agenda: investing in human capital, supporting policy and regulatory reforms, and expanding access to finance. By implementing these reforms, the World Bank believes LAC can foster entrepreneurship, fuel innovation, and build more competitive economies.
作者： admin
-
Cameroon president, 92, makes first appearance of election campaign
MAROUA, Cameroon — In a significant move marking the start of his re-election campaign, Cameroon’s President Paul Biya, the world’s oldest head of state, made his first major public appearance on Monday. The 92-year-old leader, who has been in power since 1982, addressed a gathering of supporters in Maroua, a city in the Far North region, just five days before the upcoming election. This marked his first public appearance since May of this year. Speaking to a crowd of several hundred supporters from the ruling Cameroon People’s Democratic Movement (CPDM), Biya reaffirmed his commitment to serving the nation. “My determination to serve you remains intact,” he declared, urging the audience for their continued support. His 25-minute speech emphasized key issues such as youth employment, women’s empowerment, and infrastructure development. “My goal is for every young person, whether a graduate or not, to easily find a job or start a business. No young person will be left behind,” he assured. Despite organizers’ expectations of nearly 25,000 attendees, only a few hundred supporters were present, according to AFP correspondents. Maroua, a strategic electoral battleground bordering Nigeria and Chad, is home to 1.22 million registered voters but has been frequently targeted by the jihadist group Boko Haram. Meanwhile, opposition leader Maurice Kamto, whose candidacy was rejected in August, has urged voters to “vote freely” following the collapse of efforts to form a unified opposition front.
-
‘Pun Duss’ charged following alleged breaches of the Firearms Act
In a disturbing incident in Westmoreland, Jamaica, a 26-year-old man has been formally charged with multiple serious offenses, including unlawful wounding, common law assault, and the use of a firearm to commit a scheduled crime. The accused, Renardo Adlam, also known by the alias ‘Pun Duss,’ resides in the York Mountain area of the Ashton district. The incident unfolded on the evening of Wednesday, August 27, when Adlam reportedly engaged in a heated altercation with family members at his residence. Following the dispute, Adlam departed on his motorcycle but returned shortly thereafter with an accomplice, both armed with firearms. Witnesses allege that the two men violently assaulted a complainant, repeatedly striking him in the face with their weapons, resulting in a severe bleeding wound. The assailants fled the scene on the motorcycle, prompting an immediate police report and subsequent investigation. Authorities have since taken Adlam into custody, and he now faces legal proceedings for his alleged involvement in the violent episode.
-
LeBron’s ‘decision of all decisions’ a PR stunt
LOS ANGELES, United States — The basketball world was sent into a frenzy this week as speculation mounted over a cryptic video released by NBA legend LeBron James. Dubbed the ‘Second Decision,’ the 10-second teaser posted on James’ social media channels sparked widespread anticipation, with many speculating it could signal his retirement at the end of the upcoming season. However, the video turned out to be a marketing ploy, announcing James’ partnership with a premium cognac brand set to launch in October. The teaser cleverly referenced James’ infamous 2010 ‘Decision,’ where he announced his move from the Cleveland Cavaliers to the Miami Heat. The latest announcement, while unrelated to basketball, caused a surge in ticket prices for the Los Angeles Lakers’ final home game of the 2025-2026 season. Online marketplace Tickpick reported that the cheapest ticket for the Lakers’ game against the Utah Jazz on April 12, 2026, skyrocketed from $85 to $445 within hours of the video’s release. Other secondary market platforms like SeatGeek and Ticketmaster also saw prices soar, with listings reaching as high as $955. James, who is entering his 23rd NBA season at age 40, hinted at his impending retirement during a recent Lakers media event, stating, ‘Whatever the journey lays out this year, I’m super-invested because I don’t know when the end is. It’s a lot sooner than later.’ While the video ultimately revealed a business venture rather than a career decision, it underscored James’ enduring influence on both the sports and commercial worlds.
-
Forex: $161.28 to one US dollar
KINGSTON, Jamaica — The US dollar demonstrated a notable uptick in value against the Jamaican dollar on Tuesday, October 7, closing at $161.57, marking a 29-cent increase from the previous trading session. This data, sourced from the Bank of Jamaica’s daily exchange trading summary, highlights the ongoing fluctuations in the foreign exchange market. Concurrently, the Canadian dollar also saw a rise, ending the day at $161.57, up from $116.37. In contrast, the British pound experienced a decline, settling at $116.35, down from $218.83. These mixed trends underscore the dynamic nature of global currency markets, influenced by a myriad of economic factors and international developments. The Bank of Jamaica continues to monitor these shifts closely, providing essential insights for investors and policymakers alike.
-
Ricardo ‘Bibi’ Gardner to be conferred with OD on National Heroes’ Day
KINGSTON, Jamaica—Ricardo ‘Bibi’ Gardner, a celebrated former star of Jamaica’s national football team, the Reggae Boyz, is set to receive the prestigious Order of Distinction in the Rank of Officer (OD) on National Heroes’ Day, October 20. This honor not only recognizes Gardner’s remarkable contributions to football but also celebrates his role in elevating Jamaica’s presence on the global sports stage.
-
WATCH: Principal of Rosemount Primary grateful for support following death of 4-y-o student
ST CATHERINE, Jamaica — Malaika Sinclair-Bailey, Principal of Rosemount Primary and Infant School, has extended heartfelt thanks to the school community and various stakeholders for their unwavering support following the tragic death of a four-year-old student. The young child was among nine individuals shot in a violent incident in the Commodore area of Linstead, St. Catherine, on Sunday evening. Five of the victims, including the child, lost their lives. The attackers, reportedly disguised as police officers, stormed a family yard and opened fire, leaving the community in shock. Sinclair-Bailey highlighted the resilience of the students, particularly the classmates of the deceased, who have shown remarkable focus amidst their grief. She expressed gratitude to the Jamaica Constabulary Force (JCF), the Ministry of Education, and community members for their immediate response and ongoing efforts to provide comfort and stability. ‘Our children are buoyant this morning. Some are crying, but they are comforted by all our visitors,’ she said. The principal emphasized the importance of unity in creating a safer environment for children and thanked those who continue to pray and support the school. The incident, which occurred around 8:45 pm on Sunday, has left the community reeling, but the collective response has been a beacon of hope during this dark time.
-
Study finds women have higher genetic risk of depression
A landmark study conducted by Australian researchers has uncovered significant genetic differences in the risk of clinical depression between men and women. Published in the prestigious journal Nature Communications, the research analyzed the DNA of nearly 200,000 individuals with depression, marking it as one of the largest studies of its kind. The findings revealed that women possess nearly twice as many genetic markers associated with depression compared to men. Led by the Berghofer Medical Research Institute, the study identified approximately 13,000 genetic markers linked to depression in women, versus 7,000 in men. These genetic variations could influence biological pathways related to metabolism and hormone production, potentially explaining why women with depression often experience symptoms like weight fluctuations and altered energy levels. Researcher Jodi Thomas emphasized that understanding these genetic differences could pave the way for more personalized and effective treatments. The study also highlighted a historical bias in medical research, with most depression medications and studies predominantly focused on male participants. Clinical depression, affecting over 300 million people globally according to the World Health Organization, remains one of the most prevalent mental health disorders. This groundbreaking research offers new insights into the biological underpinnings of depression and underscores the need for gender-specific approaches in mental health treatment.
-
Energy, pride and legacy shine at TTFF screening of Bam Bam: The Sister Nancy Story
The Trinidad and Tobago Film Festival (TTFF) recently witnessed a momentous occasion with the screening of *Bam Bam: The Sister Nancy Story*, a documentary celebrating the life and groundbreaking contributions of dancehall pioneer Sister Nancy. The event, held at Woodbrook Place in Port of Spain, drew a packed audience, creating an electrifying atmosphere as attendees gathered to honor the iconic artist. The evening was elevated when Sister Nancy herself joined via phone call, expressing gratitude and love, which resonated deeply with the crowd. Jamaican filmmaker Saeed Thomas shared his pride in seeing Sister Nancy’s journey depicted on screen, emphasizing the importance of preserving Jamaica’s musical heritage. Trinidad and Tobago filmmaker Cathy-Mae Sitaram praised the documentary’s creative execution, highlighting the seamless integration of narratives, interviews, and editing. Haitian-Canadian filmmaker Henri Pardo was inspired by Sister Nancy’s enduring strength and independence, while director Alison Duke revealed her personal motivation for the project, citing Sister Nancy’s unapologetic authenticity as a source of inspiration. Mariel Brown, TTFF festival director, reflected on the festival’s triumphant return, noting the overwhelming support from filmmakers and volunteers alike, reaffirming its role in showcasing Caribbean stories.
-
From Porus to Dallas: Dr Cemorne Baugh’s journey of family, faith and fortitude
Dr. Cemorne Baugh, born in the small town of Porus, Manchester, Jamaica, has emerged as a trailblazer in healthcare leadership in Dallas, Texas. Her journey from a reserved student-athlete at Manchester High School to a senior healthcare administrator and PhD holder is a testament to her resilience and determination. Growing up in a large, supportive family of seven brothers and one sister, Dr. Baugh credits her mother, Charmine Townsend Lambert, for instilling values of strength, humility, and service. Despite facing numerous obstacles, including becoming a young mother at 21, she persevered, using every challenge as fuel for her ambition. Today, Dr. Baugh is a senior healthcare administrator overseeing a skilled nursing facility with over 150 employees. She is dedicated to improving healthcare delivery and supporting nurses, who she believes are the heart of patient care. Her dissertation, “Nursing Home Nurses’ Transition to Agency Roles,” contributes to research on nursing workforce challenges. Beyond her professional achievements, Dr. Baugh remains committed to youth development, coaching track and field and imparting lessons of discipline and resilience to young athletes. Her story is a powerful reminder of the transformative power of determination, faith, and perseverance.