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President Savarin condemns acts of violence on island

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President Savarin condemns acts of violence on islandPresident of Dominica His Excellency Charles Savarin has condemned recent acts of violence on the island. He was addressing the nation on Tuesday evening. “I have seen videos of disruptive behaviour in Marigot,” he said. “I have also seen videos…

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Regional authorities react to IMF’s positive statement on regional CIP programmes

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Regional Citizenship by Investment (CIP) countries are welcoming positive statements made by the International Monetary Fund (IMF) on the impact of the CIP to the socio-economic structure of participating countries.

The IMF is remaining consistent in recognizing the programme as a significant contributor of revenues and it lauds the programme for assisting in reducing national debts, as well as its contribution to the country’s gross domestic product.

“The Eastern Caribbean Currency Union’s (ECCU) GDP growth accelerated to 3¾ percent in 2018, reflecting buoyant tourism and sizable Citizenship-by-Investment (CBI) inflows, which helped support Dominica’s reconstruction-led recovery from the 2017 hurricane,” the IMF reports in its 2019 Staff Concluding Statement.

The report also stated that “The authorities’ ongoing collaboration on CBI programs’ financial integrity to improve their transparency and governance could help lower negative perceptions about the use of CBI programmes. Such collaboration could support region-wide sustainability of these flows and financial stability.”

Commenting on the statements from the IMF, the CEO of the Investment Migration Councils, Bruno L’ecuyer says that he is delighted that the IMF has recognized CIP programmes as a major socio-economic contributor to developing states.

“The liquidity injection to Caribbean economies creates significant societal and sovereign value. It helps to diversify the economies of those regions; it creates sustainable employment and eases the fiscal and monetary challenges that are faced by sovereign governments the world over,” Lecuyer stated.

From inception, the CIP has been at the centre of many discussions as developed countries debate concerns of the validity of such programmes. These negative global influences can deter potential investors and cause missed economic opportunities for participating countries. When positive counteractions are made by organisations, which are as prestigious as the IMF, it gives encouragement to CIP participating countries.

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Dominica’s Thea LaFond makes history as first OECS woman to hit Tokyo 2020 mark

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The Commonwealth of Dominica has hopped, stepped, and jumped out to the forefront of the push for participation in the 2020 edition of the Olympic Games, with the islands’s top female triple jumper making the minimum standards for this year’s showcase.

Turning 26 in April, Thea LaFond reset her Organisation of Eastern Caribbean States (OECS) women’s record in February, clearing 14.33 metres at the 2020 University of Albany Winter Classic Competition in New York. That mark puts the 1.73m-tall University of Maryland graduate in pole position to return to the Olympics, having previously competed at Rio 2016.

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In Pictures: T-shirt Band Monday

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In Pictures: T-shirt Band MondayCarnival Mega Monday with Triple K and also Klubirds with signal band.

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