The National Assembly has taken a significant step toward enhancing the financial governance of the state by approving amendments to the State Debt Law, according to Assembly Chairman Ashwin Adhin. The amendments, passed unanimously with 36 votes, aim to consolidate and professionalize the legal framework governing state debt. Adhin expressed gratitude to all members for their contributions, emphasizing their collaborative efforts in achieving a balanced approach. The revised law establishes strict conditions for exceeding the debt ceiling, requiring a debt strategy aligned with Article 15a. Additionally, the Minister of Finance & Planning must now submit an annual state debt plan alongside the state budget presentation. This provision links the budgetary cycle with debt management, reinforcing the Assembly’s oversight of the state’s macro-financial stability. Adhin highlighted the inclusion of a limited transition period in Article 28, which he described as a clear signal of budgetary discipline and timely debt normalization. The introduction of a Deputy Administrator-General at the State Debt Bureau was also noted as a crucial measure to ensure operational continuity and strengthen institutional capacity. Adhin stated that the law transforms debt management into a sustainable financial policy tool, guided by principles of transparency, parliamentary approval, and systematic debt reduction. However, he cautioned that the law addresses only the symptoms, not the root causes, of financial challenges. ‘The real solution lies in boosting production, exports, and revenue streams,’ Adhin asserted. ‘Only through the real economy can we achieve lasting financial sovereignty.’
分类: politics
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CARICOM Secretariat Hosts Advisory Group Meeting to Advance Regional Migration Policy Framework
The Caribbean Community (CARICOM) Secretariat, in collaboration with the International Organization for Migration (IOM), recently convened a two-day advisory group meeting in Bridgetown to refine the CARICOM Regional Migration Policy Framework (CRMPF). Held on October 8, 2025, the meeting brought together representatives from CARICOM Member States, development partners, civil society, and the United Nations to establish clear priorities and streamline actions for effective migration management. Sherwin Toyne-Stephenson, Programme Manager for Crime and Security at CARICOM, emphasized the historical significance of migration in the Caribbean, stating that ‘migration has always been a part of our story.’ He highlighted the importance of Member States’ involvement in shaping the policy to achieve strategic development outcomes. The CARICOM Secretariat reaffirmed its commitment to ensuring safe, orderly, and regular migration, particularly for vulnerable populations. Patrice Quesada, IOM’s Coordinator for the Caribbean, stressed the urgency of a regional approach, noting that sustainable development in CARICOM is inseparable from migration. Simon Springett, UN Resident Coordinator for Barbados and the Eastern Caribbean, underscored the Framework’s role in aligning migration with sustainable development goals. The workshop was funded by Immigration, Refugees and Citizenship Canada (IRCC) and supported by the European Union and the United Nations Network on Migration. The next steps include reviewing the draft policy framework with CARICOM Member States, marking a pivotal milestone in regional migration policy development.
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Drew reaffirms Caribbean as ‘Zone of Peace’ amid US–Venezuela tensions
As tensions between the United States and Venezuela escalate, Caribbean leaders are calling for the region to remain a ‘Zone of Peace.’ Prime Minister Dr. Terrance Drew of St. Kitts and Nevis has emphasized the importance of maintaining regional stability amidst recent U.S. military strikes on Venezuelan vessels in the Caribbean. These strikes, which U.S. officials claim targeted drug-trafficking operations, have resulted in over 20 fatalities, raising concerns about potential destabilization in the region. Dr. Drew acknowledged the necessity of combating drug trafficking but stressed that such efforts should not compromise the Caribbean’s long-standing peace. ‘We want to maintain our region as a zone of peace,’ he stated during a press briefing. The situation has reignited broader concerns about U.S.-Venezuela relations, with Venezuela’s leader facing U.S. sanctions and an arrest warrant linked to alleged drug trafficking. CARICOM leaders, excluding Trinidad and Tobago, have collectively opposed the U.S. actions, warning of the risk of open conflict. Dr. Drew reiterated the region’s commitment to addressing the drug trade through cooperation rather than military confrontation, emphasizing the Caribbean’s vulnerability. Meanwhile, U.S. Secretary of Defense Pete Hegseth defended the strikes as necessary measures to protect U.S. borders and interests.







