B'DOS OFF BLACKLIST Route taxi owner and - UFDC Image Array 2
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Established October 1895
Route taxi owner and
driver fined for breaching
COVID-19 Directive
PAGE 2
Tuesday February 23, 2021 $1 VAT Inclusive
B’DOS OFF BLACKLIST
THE European Union (EU) has country has been moved to a state-of-play compliance issues with the exchange of the hearing or the conducting of the
removed Barbados from the tax document included in Annex II of the information standard as set by the actual supplementary review, which
blacklist that it placed this country Council conclusions, pending the outcome Organisation for Economic Co-operation hasn’t yet been scheduled a definite date,
on last year. of that review. and Development (OECD). He said that but sometime later this year,” he stated.
The revelation came yesterday morning According to the EU, that state-of-play removal from the list was expected, given Toppin went on to say that the
when the EU Council adopted the newest document identifies jurisdictions which the application that was made last year Government is very pleased to have
list of non-cooperative jurisdictions for do not yet comply with all international for supplementary review. the country’s name off the list, as is the
tax purposes and Barbados was not tax standards, but which have made “You will recall that in November last international business sector. He made
on it. The EU in a statement released sufficient commitments to implement tax year, I told you that Barbados’ application the point while laying the blame for
yesterday, explained that Barbados was good governance principles. to have a supplementary review in the blacklisting at the feet of the last
added to the list in October 2020 after it Speaking to the development, Minister relation to compliance with that standard administration because of its failure to
received a ‘partially compliant’ rating of International Business, Ronald Toppin, had been approved by the OECD. Once meet certain requirements between
from the Global Forum. Having then been confirmed Barbados’ removal from the that was approved, it meant that 2015 and 2018.
granted a supplementary review by the blacklist, explaining that the initial automatically Barbados had to come off of
Global Forum, it explained that the inclusion came about as a result of the European Union’s blacklist, pending OFF BLACKLIST on Page 3
From left: Pro Vice-Chancellor Dr. Clive Landis, Immunologist and Chairman of The UWI COVID-19 Task Force; Professor Christine Carrington, Professor of Molecular
Genetics and Virology and Member, The UWI COVID-19 Task Force; and Professor Peter Figueroa, Chair, PAHO Regional Immunisation Technical Advisory Group.
COVID-19 vaccines ‘on the same level’
A PROFESSOR of Molecular Genetics vaccines are on the same level – they are “That’s a slight difference, but each of deaths and hospitalisations, and “it
and Virology at The University of the all excellent vaccines – they all prevent these vaccines have advantages and appears even better in some age groups”.
West Indies (UWI) has rated the COVID- severe disease; they prevent death and disadvantages. And one of the great “We just had some recent data from
19 vaccines by Moderna, Pfizer and they do so very effectively.” advantages of all of them is that Scotland which showed that there was a
Oxford-AstraZeneca as being “on the However, she said that each of the regardless of their efficacy against mild, 94 per cent reduction in hospitalisations
same level”. vaccines are made on a slightly different moderate, severe disease overall – they among the elderly, who were the first to
Professor Christine Carrington, who is platform, explaining “they have slightly all have exceptional efficacies against receive the vaccine in Scotland by
a member of The UWI COVID-19 Task different formulations and slightly hospitalisation or severe disease that AstraZeneca. While the Pfizer had about
Force, gave this assurance during an different ways in which they work”. causes you to go to the hospital, and an 87 per cent reduction.
open forum for members of the public She went on to point out that Moderna death.” “So, they are all performing very well
and regional media on COVID-19 and Pfizer vaccine efficacy are both in the Moreover, Professor Carrington said and in some settings, the AstraZeneca is
vaccination, yesterday. 90’s, and AstraZeneca is between 76 to that AstraZeneca, which has a lower doing even better,” Professor Carrington
“I would definitely say that all of the 82 per cent. efficacy than the Pfizer, is preventing expressed. (TL)
2 • Tuesday February 23, 2021 The Barbados Advocate
Nine in
breach of
protocols
NINE individuals ap-
peared in the District ‘C’
Magistrates’ Court yes-
terday accused of attend-
ing a lime in breach of the
COVID-19 protocols.
Each person’s case was
heard by Magistrate
Elwood Watts. These indi-
viduals were among the
18 people who appeared
before the court on the
day charged with breach-
ing aspects of the COVID-
19 Directives.
The nine accused con-
travened Paragraph (3)
Subparagraph (1) of the
Emergency Management Rebecca White as she left court with her attorney, Kwani Rawlins.
(COVID-19) Curfew
(No.3) Directive 2021 Charged in relation to
Dale Clarke as he leaves District ‘C’ Magistrates’ Paragraph (6) Sub-para- an event which occurred
Court yesterday. graph (1) clause (d) (ii) on February 7 are: Akeem
of the Emergency Maloney of New Orleans,
Route taxi Management (COVID-
19) Curfew (No.3)
Directive 2021 by attend-
ing an event known as
St. Michael, who is set to
reappear on August 9;
Khalil Jessamy of
Oxnard, St. James, who
owner and a lime. They all pleaded
not guilty.
Charged in relation to
an event which occurred
was represented by attor-
ney, Frederick Alleyne
and will reappear July
21; Calvin Griffith of
driver fined on February 6 are:
Connie Graham of Rock
Hall, St. Thomas; Damien
Vauxhall Gardens, Christ
Church; Davia Graham of
Worthing, Christ Church,
Smith of Parish Land, who was represented
for breaching Christ Church; and
Annette Johnson of Eden
Lodge, St. Michael. They
by attorney, Michael
Lashley, QC; Orvin
Febuary of Bayville, St.
were all represented Michael, who was repre-
COVID-19 by attorney, Angela
Mitchell-Gittens. They
were all granted bail in
sented by attorney, Harry
Husbands; and Rebecca
White of Kingsland Erskine Belgrave pleaded guilty to stealing cassava
the sum of $3,000 with Heights, Christ Church, on February 19 and breaking curfew.
Directive one surety each. The
cases are adjourned until
July 27.
who was represented by
attorney, Kwani Rawlins
and will reappear on July
21. These six were all
granted bail in the sum
of $3,000 with one surety
each. (MG)
AN owner and driver wearing a mask, however
of a route taxi yester- at the time when he was
day found himself be- stopped by the police, the
fore the law court for mask had rode down
incorrectly wearing below his nose. He said he
his face mask. did not know when it rode
Dale Clarke, of Bibby’s down that he was in
Lane, St. Michael, ap- breach of the law.
peared before Magistrate Clarke, who said he has
Elwood Watts in the been driving a route taxi
District ‘C’ Magistrates’ for the past 10 years, apol-
Court. ogised to the court for the
He was charged with breach.
contravening Paragraph Magistrate Watts told
(11) Clause (b) of the Clarke ignorance of the
Emergency Management law was not an excuse. He
(COVID-19) Curfew pointed out there were
(No.3) Directive 2021 on many ads carried via the
February 4, 2021. He is media which highlight
charged with travelling on the appropriate way face
a public service vehicle to masks should be worn. He
wit route taxi registration was fined $250 payable
ZR 301 plying route 15 forthwith or seven days in
along Dayrells Hill Road, prison. The fine was paid.
without wearing a face- Clarke was one of 18
covering which covers his people who appeared be-
mouth, nose and chin. fore the court on the day
Clarke, who was not ac- charged with breaching
companied by a lawyer, aspects of the COVID-19
pleaded guilty to the Directives, which covered
charge. He explained to the period February 3 to
the court that he was 28. (MG) Attorney Lynette Eastmond (left) making her way from court with her client, Denton Crichlow.
The Barbados Advocate Tuesday February 23, 2021 • 3
Walters to Government: Do more to assist
Treatment of small businesses during pandemic criticised
THE Government has businesses. “Can you imagine a vil- this vulnerable group.”
come under a tongue “Outside of their lage shop in the worse The First VP also
lashing on their treat- Trust Loan Fund, the and most uncertain lamented recent
ment of small business Government has failed times having to invest comments by current
and entrepreneurs the small business sec- in cash registers, label Minister in charge of
during the COVID-19 tor. Last year COVID-19 machines, etc. in fear of Small Business, Kerrie
pandemic. support was offered, but being shut down? This is Symmonds, who sug-
It comes from First to access it was almost an establishment that is gested that persons were
Vice President of the impossible. The qualify- catering to $20 and $50 seeking to trick the sys-
Democratic Labour ing bar was set way too transactions at a time, tem and was quoted in
Party, Ryan Walters, who high, so it never reached how was that fair then?” another section of the
maintains that small the pockets of the small Walters lamented media as saying, “Quite
businesses and entrepre- business owner.” that more recently, frankly, we are thinking
neurs have been largely He challenged that Government announced about reporting them to
sidelined by the current during that first lock- a National Pause from the police.”
administration and now down, the then Minister February 3 to February “Minister Symmonds
especially during the Dwight Sutherland 17, offering small busi- now wants to lock up
COVID-19 period. threatened to close micro nesses small sums of small business owners
His comments came and small businesses $250 or $750 a week de- who seem to be unregis-
yesterday as he said it who didn’t follow strict pending on their busi- tered, but still applying
was not at all surprising protocols. ness. for the aid. Instead of fol-
that the plea for assis- “Why not help these “Just imagine, with lowing his due diligence
tance from the Alliance businesses? Why not such small payments the process and give to those
of Owners of Public donate hand sanitizer Government saw it fit who qualify, he wants to
Transport (AOPT) has stations, alcohol, etc. for to divide the support lock up a few persons be-
seemingly fallen on deaf these small businesses to in multiple payments, cause the Government
ears. help them out? Why not meanwhile $300M is cannot match a license or
According to Walters, extend a helping hand being offered in other registration number.
“The AOPT has been rather than trying to quarters in much larger “The right thing to do First Vice President of the Democratic Labour Party,
recently calling on close them? Minister drawdowns. The ‘Pause’ is to follow your due dili- Ryan Walters.
Government to give as- Sutherland also said he has been extended until gence process and expe-
sistance to its members was cracking down on month-end and not a dite payments to those could not be verified and faced with. Whether in-
during the ‘Pause’, simi- small shops that do not concrete word from the you can confirm. The encourage them to regis- formal or formal sector,
lar to what has been label their goods or give Minister on if the sup- other thing to do is to ter their business. This is people in this country
provided to other small a bill. port will be extended to reach out to those who the time for love and un- need to be treated with
derstanding, this is not a some level of respect and
time to jump to making dignity because like it or
Impose stricter protocols for tourists: Dukharan criminals of our citizens.
“This is what the small
not, they are contribut-
ing to our economy,” he
ECONOMIST Marla business community is exhorted.
Dukharan is advising the
authorities in Barbados to
institute stricter COVID-
19 protocols and restric-
Outcome very, very
tions on visitors when
they come to the country.
Appearing on the
pleasing, says Toppin
People’s Business on OFF BLACKLIST from While Barbados has
Sunday night, Ms. Page 1 been removed from the
Dukharan said that list, Dominica has been
Barbados is now paying a “...Barbados was re- added, and there are
higher price for allowing quired to meet certain ob- other Caribbean coun-
visitors into the country. ligations and those obli- tries, namely Anguilla
The country is now gations were not met. In and Trinidad and Tobago
under lockdown until fact, there were 10 things that remain on the list
February 28, and Ms. that Barbados had to do which includes juris-
Dukharan said there are to put it in simple terms, dictions worldwide. The
high risks in attempting and of the 10 Barbados other countries are
to get tourism going did seven and failed to American Samoa, Fiji,
again. do the other three. This Guam, Palau, Panama,
This current lockdown is what resulted in Samoa, Seychelles, the
is expected to cost the Barbados being rated as US Virgin Islands and
country $150 million, partially compliant by Vanuatu.
according to calculations the OECD in April last These jurisdictions,
announced by Prime year 2020.” the EU says, either have
Minister Mia Amor He added, “This admin- not participated in “con-
Mottley. istration therefore had to structive dialogue” with
That exercise is aimed set about to do, in a very the EU on tax governance
at containing the spread Economist, Marla Dukharan. short period of time, what or have failed to deliver
of COVID-19 cases, which really should have been on their commitments to
spiked since the end of Fund and other multilat- imise or eliminate the will depend significantly done over a three-year employ the reforms vital
last year and with more eral lending institutions, risk of the virus being on the resuscitation of the period. But we stuck to to comply with tax good
than 24 deaths between perhaps what we ought to imported again in the tourism industry. the task and the outcome governance criteria.
then and last week. be doing here is imposing future. “But we do have today is very, very pleas- “These criteria relate
“So given we have stricter protocols and She believed that issues buffers in place like ing. We were determined to tax transparency, fair
ample foreign reserves, restrictions and quaran- like economic growth unemployment benefit that we had to do what taxation and implemen-
given the Government tines for the tourists and debt reduction are and National Insurance... we had to do, we had to do tation of international
has sufficient lines of when they come in,” she not important at this so we can withstand not what should have been standards designed to
credit and concessional advised. time. The most important, opening up and with- done in fact over that prevent tax base erosion
financing from the The Economist rea- Ms. Dukharan said, is job standing the risks in- three-year period of 2015 and profit shifting,” the
International Monetary soned that such will min- creation, which however volved,” she added. to 2018.” EU stated.
4• Tuesday February 23, 2021 The Barbados Advocate
Contributions into fund
need to be examined
COVID-19 update: 19
FUND from Back Page
He told the programme
that there is a policy
new cases, 65 recovered
paper on the unemploy- NINETEEN persons and was no longer infec-
ment fund, which the were identified as tious.
Ministry of Finance is COVID-19 positive on The other 18 cases
looking at. Sunday, February 21, were Barbadians.
Carrington acknowl- while 65 recovered Barbados has recorded
edged that there are some from the viral ill- 2,791 confirmed cases –
six separate and distinct ness. 1,281 females and 1,510
funds – NIS Fund, The new positives males and 2,035 persons
Unemployment Fund, were among the 310 have recovered. There
Severance Payments tests conducted by the have been 31 deaths
Fund, Catastrophe Fund, Best-dos Santos Public from the viral illness.
Sugar Workers Fund and Health Laboratory. The public health lab-
the Retraining Fund. The 19 new cases com- oratory has so far com-
“They are all managed prised nine women and pleted 121,121 tests.
as separate and distinct ten men. One of them There were 706
funds,” he noted, while had already been at the persons vaccinated on
pointing out that when Ian Carrington, Director Harrison Point Isolation Sunday, as part of the
an actual review is done, of Finance and Facility undergoing as- National Vaccination
it involves the first three Economic Affairs. sessment to determine Programme for COVID-
of the funds listed above. whether their positive 19. To date, a total of
“These funds bring in region of $45 million to PCR test result showed 16,544 vaccinations
contributions and that $50 million annually. that the individual was have been administered
generally with an unem- “Out of that $45 million in fact newly positive, or – 7,283 men and 9,261 The public health laboratory has so far completed
ployment fund, the advice to $50 million, the NIS had COVID in the past women. 121,121 tests.
from most actuaries is has been generating
that there has to be a about $40 million in con-
reserve for about two
years,” he remarked.
tributions. So there is
going to be some work
CARICOM Heads of Government to meet this week
Carrington indicated that needs to be done in THE roll-out of COVID- CARICOM Heads of the Chairmanship of silience and push CARI-
that on average, the ex- terms of looking at con- 19 vaccines will be Government hold their Prime Minister Dr. Keith COM economies along
penditure on the unem- tributions into that fund,” among major matters Thirty-Second Inter- Rowley of Trinidad and the path of sustainable
ployment fund is in the said Carrington. for deliberation when Sessional Meeting, under Tobago, on February 24- growth and development.
25, 2021. The Meeting will also
Access to vaccines is seek to advance the re-
regarded as crucial to gional agenda on Food
curbing the spread of and Nutrition Security,
COVID-19 infections in which has become in-
the Region where many creasingly challenged by
Member States have a number of factors in-
experienced increases cluding the COVID-19
in positive cases. The pandemic with its disrup-
Caribbean Public Health tions to productivity and
Agency (CARPHA) and access to healthy foods.
the Pan American Health Heads of Government
Organisation (PAHO) are will deliberate on the
expected to address the framework for a joint
Heads on the pandemic. Tourism Policy for CARI-
There will also be discus- COM, which will, among
sion on regional economic other things, seek to ad-
recovery and transforma- dress the impact of the
tion. COVID-19 pandemic on
The Heads of the Region’s tourism in-
Government will exam- dustry and the impact of
ine the status of imple- tourism-related revenue
mentation of the CARI- reduction on the Region’s
COM Single Market and overall economic per-
Economy (CSME), and formance.
any outstanding issues The Meeting is
which need to be resolved expected to discuss
to ensure that full bene- CARICOM relations with
fits from the CSME are the new United States
realised. The CSME is re- Administration. It will
garded as critical to the also deliberate on
Region’s strategy to build matters related to
economic resilience, and Reparations and
it is felt that the COVID- Regional Security.
19 pandemic has rein- Representatives of the
forced the need to accel- regional Private Sector,
erate the pace of the Labour and Civil Society
integration process. The will be among delegates
Meeting is also expected in attendance.
to consider recommenda- The CARICOM
tions from the CARICOM Chairman will hold a
Commission on the Press Conference at the
Economy, which was re- end of the two-day meet-
cently re-constituted and ing, which will be made
mandated to provide ad- available to the public on
vice on implementable various broadcast and
solutions to build re- online platforms.
The Barbados Advocate Tuesday February 23, 2021 • 5
Bostic salutes medical practitioners
ON Sunday evening, Lt. Col. Jeffrey and experience. rently contacting many of you who
Bostic saluted the efforts of the “For this, we are eternally grateful. would have called the hotlines and
health practitioners of Barbados in As such, I wish to single out the signed up for the vaccine. Those of you
their assistance in fighting the Barbados Association of Medical with appointments will be given prior-
spread of COVID-19. Practitioners, in particular, for their con- ity at the vaccination centres. So if you
Bostic, the Minister of Health and structive and consistent guidance and do not have an appointment, but you
Wellness, highlighted the battle which assistance in helping us to manage this still want to ‘pop by’ a centre and ‘try a
the medical fraternity has been waging current wave,” said the minister. ting’, I caution you to know and under-
day and night during a streamed state- Bostic also announced that the total stand that during this week, those with
ment. vaccines administered were over 16,100 appointments, as well as the elderly and
“Our health practitioners are work- as of midday on Sunday and Barbados those with known vulnerabilities, will be
ing over and beyond that which could was moving swiftly along with the hope attended to first,” Bostic said.
have been imagined six months ago. I of vaccinating 20,000 by the end of this The health minister outlined that
want to take this opportunity to publicly week. The minister however asked for there were still 40,000-plus vaccines to
applaud and salute those medical prac- the co-operation of the nation to not rush administer from this first shipment and
titioners and other trained personnel in the vaccination centres. He stated that he was supremely confident that before
private practice, who have stepped for- while he appreciated that there was a this current supply was exhausted,
ward and volunteered their services to new and aggressive interest in and Prime Minister Mia Amor Mottley
assist in every aspect and at every stage desire to become vaccinated, the vacci- would cause another shipment to arrive
of this journey,” said Bostic. nation programme is being rolled out in on island, which would cater to an even
The health minister thanked them for a very structured and deliberate way larger number of residents.
their service, saying whether it was with with the focus to date on frontline and “Rest assured that there will be no
manning the hotlines or assisting with essential workers, and the most vulner- shortage of vaccines in Barbados. But
the management and delivery of patient able in the population. please, let us be orderly and allow the
care at the quarantine and isolation “There is no need for you to show up most exposed and the most vulnerable
Minister of Health and Wellness, centers, volunteer care-givers have at centres without appointments and to be vaccinated first,” Bostic urged.
Lt. Col. Jeffrey Bostic. been there to lend their knowledge wait in the sun for hours. We are cur- (AS)
More growth expected if COVID brought under control: Dr. Greenidge
SENIOR Technical Advisor to the into commentary in terms of social when people talk about replace. We have
Barbados Government, Dr. Kevin things, but if I leave my home in this to widen the economic base, which is
Greenidge, believes that in spite of the period and I’m exposed, it means that I what the Government and what we are
shutdown, Barbados can still see eco- have put stress on the system and re- focusing on. You widen within tourism
nomic growth if Barbadians work to- duced even how small the probability and you widen outside of tourism. This
gether during this time. He was speaking of getting this thing out of control. is why you see in terms of agriculture,
during a call-in radio programme on “Reverse the other way, if I do what I the tremendous expansion even in the
Sunday where he pointed out that the have to do, each one of us does what pub- face of COVID.
country is expected to add some $500 lic health officials are saying we have to “That expansion of agriculture reflects
million this year to the economy and is do, each one of us adheres to the proto- a number of initiatives coming out of the
chalking up losses of around $150 million cols, we improve the chances that we will Ministry of Agriculture, including moving
during the February lockdown. be successful again and get this thing from bulk sugar to direct consumption,
“So we’ll get 2021 looking better than under control. Each one of us will be im- etc., to widen that based under the
2020? Yes, but the truth is we can get proving the chances that our neighbours umbrella of food security not to replace
more. And it depends on what we do. or friends, people who have lost jobs, etc. tourism.
That’s why this is so critical. If we could get opportunity to earn a livelihood going “You have to face the reality of small
get this COVID thing under control and forward. That’s why this is so critical,” he size. So you diversify smartly, diversify
open up with a bang where we have said. into energy, reduce energy costs, you di-
Government putting all measures in The senior economist also responded to versify manufacturing in key areas... but
place to bring forth capital projects and a suggestion that Barbados should move the focus shall not be thinking about re-
do what we have to do to get the economy away from tourism. Noting that tourism placing tourism because you asked me
going, and the hotels and businesses take is the country’s main source of economic how you would do it, I would ask you
the various assistance programmes to activity at the moment, accounting for 60 how you would do it. What it is you’re Senior Technical Advisor to the Barbados
prepare, when the world opens up then per cent of the country’s foreign reserves going to find to replace; we have to diver- Government, Dr. Kevin Greenidge.
we can grow even more.” and constituting 40 per cent of the coun- sify within the tourism sector and also
Dr. Greenidge stressed that each try’s GDP, he said it would be difficult to the basis of others. and imports will always be a large part
Barbadian has a key role to play during replace. “Whether you are into tourism or agri- of your bill. So we face reality and be
this COVID period. “I don’t get too much “We have to diversify, but not diversify culture, you are a small, open economy smart about how we do it.” (JH)
Get vaccinated as soon as possible, urges Professor Figueroa
CHAIR of the Pan American Health Task Force open forum for members globally, already 200 million doses of the confirmed cases and half a million
Organisation (PAHO) Regional of the public and regional media on vaccine have been given – the United deaths due to COVID – since they have
Immunisation Technical Advisory COVID-19 vaccination, yesterday. States as many as 60 million; China 40 been rolling out the vaccine in the last six
Group, Professor Peter Figueroa, has re- “And it is good to see that the vaccine million; India 11 million; Israel 7 million weeks – when you look at the number of
iterated the need for persons to get the has now come to the Caribbean. Already and the United Kingdom 17 million. new COVID cases, they have declined
COVID-19 vaccine as soon as possible. a few weeks ago the Cayman Islands; “So, the vaccine is being rolled out in- by 40 per cent. The hospitalisations have
Pointing to the over 111 million con- British Virgin Islands; Anguilla; ternationally. It is being done more so in declined by 30 per cent, and the deaths
firmed cases globally of coronavirus dis- Montserrat – they have been given the high-income countries first, but now it is have declined by 16 per cent. This is just
ease, with 2.5 million deaths reported, he vaccine. And now it has come to getting to middle-income and low-income in the past six weeks if we look at the
warned that this is a serious pandemic Barbados and Guyana. So, it is very im- countries and those Caribbean countries average number over the last 14 days.
that must be addressed. portant that the frontline health work- that have not got it yet, will be getting it “So, this is the impact of the vaccine
“Aside from the non-pharmaceutical ers, and essential frontline workers get shortly,” he said. rollout in the United States – it’s re-
measures – the importance of wearing a vaccinated so that they are protected. Professor Figueroa also told partici- markable, and we are already seeing an
mask; physical distancing; avoiding And when the doctors, nurses and other pants what is impressive is that with impact globally. The vaccines that are
crowds; staying at home when possible – health workers are vaccinated, this the rollout of the vaccine, “we are seeing available have undergone very careful
the best thing is to get the vaccine as also helps to prevent them unwittingly a dramatic decline globally in the num- review by regulatory authorities – by
soon as it is available.” passing it on to their patients, if they ber of new cases of COVID”. the World Health Organisation – the
His comments came during The become infected.” “If we look for instance, at the United vaccines are highly effective and safe,”
University of the West Indies COVID-19 Professor Figueroa highlighted that States where they have had 20 million he added. (TL)
6 • Tuesday February 23, 2021 The Barbados Advocate
Virtual fund-raiser to be staged to help local entertainers
By Marsha Gittens lected, it is hoped that the Carter said the BACA come live on national tel- stand the plight of the a ‘Pause’ and majority [of]
event will occur in April. will be needing corporate evision with the 98.1 DJs. entertainers.” people not working. We
EFFORTS are on by He told The Barbados Barbados to come on Again, that is another He added the fee for the know everybody is feeling
one local organisation Advocate it will have a board and the public to free event, but we will be concert “is not going to be it, but we are really going
to raise funds to assist two-fold purpose. support the initiative in really, really asking the expensive at all because to be asking the public
its members who are “We want to do two order for it to be a success. public to support this we know everybody is to support the virtual
facing financial diffi- things. We want to be able He said the latter will be initiative to try to under- feeling it, especially with concert”.
culties at this time. to get some money into especially vital.
President of the the pockets of the enter- “Unfortunately during
Barbados Association of
Creatives and Artistes
(BACA), Sean “Apache”
tainers so they can meet
their responsibilities and
commitments, but we also
this COVID-19 period,
many of the artistes have
been doing free concerts,
Barbados Tourist Board pays
Carter, stated that organ-
isation is in the process of
setting up a virtual show
want to highlight and
showcase the talent that
is actually on the hotel
especially on Instagram,
so the public has become
accustomed to the free
tribute to Hamish Watson
which will be a fund- scene. The hotel enter- concerts and even more THE regional tourism
raiser. Though the exact tainers that many of us recently, you have the community is mourning
date has not been se- don’t get to see.” Stan’ Home Parties that the loss of Hamish
Watson, celebrated
tourism industry veteran,
and former General
Manager of Cobblers
Cove.
In a statement
published on Sunday,
Chairman of the
Barbados Tourism
Marketing Inc. (BTMI)
and the Barbados
Tourism Product
Authority (BTPA),
Roseanne Myers, said:
“On behalf of the board,
management and staff
of the BTMI and BTPA,
we join our tourism col-
leagues in Barbados and
the Caribbean, in mourn-
ing the loss of tourism
stalwart Hamish Watson
who we have learnt has
passed away.
“I remember Hamish
well for his genteel nature Hamish Watson
and very welcoming spirit
from my early days in the personal interest he took Director of Mill Reef Club.
sector, 30-plus years ago. in his guests, especially “We will all remember
The gracious way he the repeats, made this Hamish with gratitude
greeted everyone and the boutique property feel like for his contribution as
ready and charming smile an elaborate family home one of those who helped
was his trademark, and to his guests.” to build the luxury end
the fact that he hardly Watson was General tourism product on
ever missed any tourism Manager at Cobblers Barbados’ west coast.
events the industry Cove for 15 years, from Heartfelt condolences go
hosted. For many years, 1989 to 2004, before out to his family and
his name was synony- later returning home industry colleagues in
mous with Cobblers Cove, to Antigua, where he Barbados and in his home
and I was told that the took over as Managing Antigua,” Myers said.
Leaders meet ahead of IDB Annual
Meeting of Caribbean Governors
HIGH-LEVEL when the Caribbean Guyana, Suriname, and
Government officials Country Department of Trinidad and Tobago
from the Caribbean the IDBG convenes its were present. The meet-
region met virtually X Annual Meeting of ing was chaired by the
on Friday with Caribbean Governors on Governor from Jamaica,
Senior Management February 25 and 26. Minister Nigel Clarke.
of the Inter-American Among the topics dis- For the IDBG, the
Development Bank cussed were the critical Senior Management
Group (IDBG) for a frank need for vaccine access in team was led by
conversation about small economies, climate Executive Vice President
the challenges facing change vulnerability, Reina Mejia Chacon.
Caribbean member debt sustainability, the Mejia was joined by the
countries. digital agenda, building Vice Presidents for
The discussion, which a resilient tourism indus- Countries and Sectors
took place during the try, and access to finance & Knowledge, the CEO
Caucus Meeting of for the regional private of IDB Invest, the CEO
Caribbean Governors of sector. of IDB Lab, and the
the IDBG, provided a pre- Members of the IDB Manager of the
view of the range of topics Board of Governors from Caribbean Country
that could be on the table The Bahamas, Barbados, Department.
The Barbados Advocate Tuesday February 23, 2021 • 7
Spring Festival sees fitness activities become new trend in China
THE just-concluded week-long skipping ropes, chest southwest China’s Chongqing facilities in many cities kept forming a habit of keeping fit.
Spring Festival holiday in expanders and dumbbells municipality, on the second day their doors open during this An online fitness gala, hosted
China saw fitness activities soared 351.1 percent, 91.9 of the Chinese New Year for the period. For instance, 40 by China’s General
become increasingly popular percent and 78.9 percent year first winter swimming stadiums in Beijing were open Administration of Sport that
and witnessed significant on year, respectively. invitational tournament held to the public during the holiday. kicked off ahead of the Lunar
growth in sports-related After opening on Feb. 16, the there. Among them, Ditan sports New Year holiday, drew
consumption, as more and fifth day of the Chinese New Meanwhile, east China’s center, Dongdan PE center and widespread participation from
more Chinese discovered the Year, Hongkou Football Shandong province opened 13 Tiantan Sports Center were netizens across the country.
benefits of working out during Stadium in Shanghai sports-themed travel routes open free of charge or at Joined by celebrity athletes
the important annual holiday. welcomed nearly 100 football aimed at bringing citizens a discounted rates during such as Olympic taekwondo
Sales of fitness equipment fans and their families who wonderful athletic culture designated business hours. champion Wu Jingyu and
and services boomed during the came to play football as a way experience during the seven- The continued operation of freestyle skiing world
Chinese Lunar New Year. to celebrate the Spring day holiday. sports venues during the championship gold medalist Li
Statistics indicated that in the Festival. With the number of people Spring Festival reflected the Nina, the event has encouraged
first 10 days of a nationwide In another mass sporting looking to join physical fast-growing enthusiasm for many fitness enthusiasts to
Chinese New Year online event, over 200 people gathered activities during the Spring physical activity among share their experience of
shopping festival, sales of on the bank of Jialing River, Festival rising, public sports citizens who are gradually working out on social media.
Per capita income of Chinese
residents continues to grow
FROM 2011 to 2020, the per of industries including ecological Ouyang.
capita disposable income of farming, silkworm breeding and By cutting taxes for
Chinese residents saw an mulberry planting, as well as individuals, China has
average annual growth of 7.2 commercial trees cultivation. continuously eased burdens on
percent in real terms after The county has built over 180 residents and raised the actual
adjusting for inflation, large-scale industrial bases, with income of its people.
according to official data. each covering an area of more In August 2018, China revised
The cumulative growth of the than 100 mu (about 6.67 its Individual Income Tax Law
country’s per capita disposable hectares). These bases have which concerns the interests of
income in real terms over the 10 created jobs for nearly 50,000 hundreds of millions of
years reached 100.8 percent. rural residents of the county, and taxpayers for the seventh time.
In recent years, China has increased their per capita The revised Individual Income
vigorously implemented pro- annual income by over 10,000 Tax Law raised the threshold for
employment policies, providing a yuan (US$1,549). personal income tax exemption,
solid underpinning for “About 5,000 to 10,000 added special expense
continuous income growth of kilograms of eggplants are taken deductions to China’s individual
residents. to the market from here every income tax system for the first
Employment is the afternoon,” Xiang Yongzheng, a time, and optimized the tail-
cornerstone of people’s man in charge of a fruit and raising factors of tax rate
wellbeing, said Deng Quheng, a vegetable industrial base in structure.
researcher with the Institute of Yongxin county, told People’s Data suggest that such
Economics under the Chinese Daily while more than 50 policies have cut taxes worth Photo taken on April 17, 2019, shows consumers purchasing
Academy of Social Sciences, villagers were busy picking, 460.4 billion yuan for 250 million fruits in a supermarket in Boxing county, east China’s
adding that the overall stability packaging and loading eggplants taxpayers, with the per capita Shandong province.
of China’s employment situation onto trucks at the base. tax cut reaching about 1,842
has helped guarantee steady Ouyang Xueji, one of the yuan. residents to secure jobs in their of people who had been covered
income growth for Chinese villagers working at the The relative income gap hometowns. by the country’s basic medical
residents. industrial base, earns nearly between urban and rural In 2020, the nominal and insurance reached 1.36 billion.
Benefiting from favorable 20,000 yuan per year. Her family residents in China has further actual growth rates of per capita The country has increased the
policies,Yongxin county in Ji’an, has transferred the land-use narrowed as the country steadily disposable income of rural basic pension for retirees for
east China’s Jiangxi province, rights of 5 mu of land to the reinvigorates its countryside, residents were 3.4 and 2.6 several years in a row, bringing
has improved people’s wellbeing industrial base. The combined intensifies support for percentage points higher them a stronger sense of gain,
by boosting the production of income is more than what the employment and respectively than that of urban happiness and security.
high-quality grain, oil, fruits and family can earn by growing crops entrepreneurship in rural areas, residents, and the ratio of urban- Since Chinese economy boasts
vegetables, and the development on their own, according to and strives to encourage rural rural residents’ income shrank vast potential and strong
to 2.56 from 2.64 in the previous resilience, and Chinese
year. companies have gradually
China has built the world’s enhanced their innovation
largest social security system, capacity, residents in the country
and continuously enhanced enjoy strong guarantees of
efforts to safeguard the income growth and are bound to
wellbeing of its residents. have higher income, said Chen
Data show that as of the end of Yuyu, a professor with
2020, China’s basic pension Guanghua School of
insurance had covered 999 Management of Peking
million people, and the number University.
China to provide COVID-19
vaccines to 19 African countries
CHINA will provide COVID-19 continue to offer aid within its
vaccines to 19 African countries abilities to help Africa win the
in need to help them fight the battle against the pandemic,
pandemic, Chinese Foreign Wang said.
Ministry spokesperson Wang China also supports
Wenbin said yesterday. companies exporting vaccines to
Staff members with the tax bureau of Changxing county, east China’s Zhejiang province, in- China has donated vaccines African countries that are in
terview construction workers to make sure they understand the country’s policies on cut- to Zimbabwe and Equatorial urgent need and have approved
ting tax and administrative fees, Sept. 11, 2019. Guinea as of Sunday, and will Chinese vaccines, he said.
8 • Tuesday February 23, 2021 The Barbados Advocate
‘For the cause that lacks assistance, ’Gainst the wrongs that need resistance, For the future in the distance, And the good that I can do’
Editorial WHO agrees compensation fund for
Census wait serious COVAX vaccine side effects
WHAT is a census really? It is a tally of people and LONDON – The World ment of any claims, the cussion for several Seth Berkley, chief
homes in a country at a certain time. Here in Health Organisation has COVAX programme aims months, is designed to executive of the GAVI
Barbados, the practice has been to complete a census agreed a no-fault compen- to significantly reduce cover serious side effects vaccine alliance which
every 10 years as is common practice worldwide. sation plan for claims of the need for recourse to linked to any COVAX- co-leads COVAX, said the
The statistics are then compiled into a report which serious side effects in peo- the law courts, a poten- distributed vaccines agreement on the compen-
can be accessed by interested parties. The last cen- ple in 92 poorer countries tially lengthy and costly until June 30, 2022, to sation fund was “a mas-
sus was completed in Barbados in 2010, evidencing due to get COVID-19 vac- process,” the statement COVAX’s Advance Market sive boost” for COVAX,
that the population at the time was approximately cines via the COVAX shar- said. Commitment-eligible which aims to secure equi-
278,000 people. The surveys used in the census as- ing scheme, resolving a big Questions of how com- economies – a group of table global access to
sessed housing, economic activity, fertility, marriage, concern among recipient pensation claims would be 92 poorer states which COVID-19 vaccines.
education, disabilities, sex and age. Collecting this governments. handled in the event of includes most African “It helps those in coun-
data allowed the staff at Barbados Statistical The programme, which any serious COVID-19 and Southeast Asian tries who might have such
Services to analyse the island’s population. They the WHO said was the vaccine side effects, which countries. effects, manufacturers to
would then see the rate of population growth and the first and only vaccine in- are likely to be very rare, The programme will be roll out vaccines to coun-
general standard of living of Barbadians.The census jury compensation mecha- had been a worry for coun- financed initially from tries faster, and is a key
also outlines the different ethnic groups in Barbados nism operating on an in- tries due to get COVID-19 donor funding to the AMC benefit for lower-income
and the accompanying percentages. Although these ternational scale, will offer shots via the COVAX plan. as an extra charge on all governments procuring
pieces of information may seem inconsequential, eligible people “a fast, fair, Countries funding their doses of COVID-19 vac- vaccines through
they are of great importance to any country as they robust and transparent own COVID-19 vaccine cines distributed through (COVAX),” Berkley said.
can guide the government on decisions about things process”, the WHO said in procurement also plan COVAX. Applications The WHO said it was
such as spending, scholarships and provision of ed- a statement. their own liability pro- can be made via a portal also working with the
ucational opportunities, as well as social aid. The is- “By providing a no-fault grammes. at www.covaxclaims.com insurance firm Chubb to
land has so far conducted 15 censuses of population lump-sum compensation The WHO-agreed plan, from March 31, 2021, the secure insurance coverage
and housing, which allows for comparisons to be in full and final settle- which has been under dis- WHO said. for the programme.
made and a picture can be painted of the overall
changes in Barbadian society through the years.
Another important item recorded in a census is the
unemployment rate.At present, this is a critical piece
Tunisian power struggle
of information for the Government, so that they can
put as many resources as necessary behind provid-
ing jobs for residents and whether that requires the
revitalisation of public development projects and
risks street escalation
a greater focus on digitisation of local records to TUNIS – A stand-off over alogue leading to change quired to approve a on Saturday to “protect
provide work for those persons. a cabinet reshuffle in in the constitution, the prime minister, who has democracy” and oppose
The results of a census are a great indication of who Tunisia has accelerated political system, the most executive powers Saied’s rejection of
we are as a people, especially at a time when there a power struggle be - electoral system,” said while the president over- Mechichi’s reshuffle.
is much focus on this by the Government. Since there tween the president, Zouhair Maghzaoui, sees defence and foreign Other parties with op-
is usually a decade between each census, the data prime minister and par- head of the Chaab politi- affairs. posing views have also
collected has even more importance as each year liament speaker that cal party, which has A constitutional court, called for demonstra-
estimates will be made using the original figures threatens to spill over backed President Kais envisaged to resolve tions.
and therefore any error made will be perpetuated into street protests by Saied in his dispute with disputes between rival The spectre of rival
in years to come. For this reason, it is important to rival blocs and bring Prime Minister Hichem branches of the state, protests recalls the
provide accurate information on the survey when down the government. Mechichi. has not been formed yet extreme polarisation
completing it. The dispute has been Saied has vowed not to because none of those that gripped Tunisia in
It has now been 11 years since Barbados has had building since a 2019 swear in four ministers in power can agree on 2013 and 2014 before
a census due to delays in updating the required tech- election delivered a frag- nominated in a reshuffle judges they trust to be Ennahda and a group of
nology as well as the onset of the COVID-19 pan- mented parliament and by Mechichi, saying each impartial. secular parties averted
demic. A postponement of the census was requested a political outsider as has a possible conflict of Saied wants a presi- violence by agreeing to
by the Barbados Statistical Service in 2019. At that president, creating a con- interest. dential system with only share power.
time the census was scheduled for May 2020, how- stant state of political Mechichi, who took a minor role for political Saied, a political out-
ever the Service was experiencing staffing and fi- turmoil in the only coun- office last summer, is parties. Ghannouchi and sider, won the 2019 pres-
nance issues. A national census is a huge undertak- try to emerge with an in- backed by Parliament his allies want a more idential election run-off
ing which would certainly require increased man- tact democracy from the Speaker Rached clearly parliamentary vote in a landslide that,
power, even if it is to be performed digitally. Many “Arab Spring” revolts a Ghannouchi, head of system. analysts say, he saw as a
other countries are now taking the opportunity to up- decade ago. the moderate Islamist “The president wants strong personal mandate
grade to a more digitised census process, which is It has come to a head Ennahda, the only major to be the main player... and a rejection of the
timely as the use of paper and in-person interviews as Tunisia attempts to political party to have he wants a puppet prime parties that dominate
is rightly being limited for health and safety reasons. navigate the economic weathered Tunisia’s first minister,” said Sadok parliament.
At present, Operation Seek and Save is using a havoc wrought by decade of democracy. Jabnoun, a senior official Meanwhile the parlia-
blend of face-to-face and technology to perform sur- COVID-19, while facing The 2011 revolution in jailed media mogul mentary election left a
veys for the purpose of assessing the current situa- the biggest protests for jettisoned autocracy, Nabil Karoui’s Heart of chamber in which no
tion in Barbados as it relates to COVID-19 as well years and public debt but many Tunisians Tunisia party and a sup- party had more than a
as Dengue. It is assumed that because of the urgent levels that have spooked have been disillusioned porter of Mechichi. quarter of votes, making
nature of the situation, there was not enough time capital markets needed by a bad economy. it all but impossible for a
to set up a 2-in-1 system where the census could have to finance the state Meanwhile, a power Rival protests government to gain sta-
been completed at the same time. However, the cen- budget. sharing system estab- Recent protests against ble majority backing.
sus is being described as a continuation of Operation If the government falls, lished in a 2014 consti- inequality and police “I am not ready to back
Seek and Save by Minister in the Ministry of appointing a new one tution has led to constant abuses have mostly di- down from my princi-
Economic Affairs, Marsha Caddle. At that time, she could take weeks, further squabbling between rected anger at Mechichi ples,” Saied said of the
was addressing Cabinet and she further stated that delaying fiscal reforms presidents, prime minis- and Ghannouchi. dispute, adding that the
a decision had been made for August 1, 2021 to be needed to win financing. ters and parliamentary However, presidency was not a
Census Day for Barbados. This is great news for the “Today the revolution leaders. Ghannouchi’s Ennahda mere post office to uncrit-
island and means that Barbados is not putting the faces its most severe cri- Both parliament and has called for its own ically receive decisions
important process of a census on the back burner, but sis and the solution is di- the president are re- members to demonstrate sent by prime ministers.
is making every effort to obtain the necessary data
even though the circumstances at present may Telephone: 467-2000 News Fax: 434-1000 News Editor: Dorian Bryan Executive Editor: Allison Downes
Business Editor: Jewel Brathwaite General Manager: Sandra Clarke
not be ideal. We are looking forward to any useful E-mail Address: news@barbadosadvocate.com
Sports Editor: Corey Greaves Assistant Managing Director: Sean Eteen
information an analysis of the data collected will Website: www.barbadosadvocate.com
Publisher: Sir Anthony Bryan
provide.
@The Barbados Advocate @barbadosadvocate
The Barbados Advocate Tuesday February 23, 2021 • 9
Boeing engine blowouts
investigated as older
777s are suspended
SHOWERS of jet en- Aviation Safety Agency Waldron, a managing edi-
gine parts over resi- (EASA) weighed in on tor at industry publication
dential areas on both Monday, requesting more Flight Global.
sides of the Atlantic information on the Pratt “The PW4000-powered
have caught regula- engines in light of both 777-200 is slowly fading
tors’ attention and events. A woman sus- from service,” he said,
prompted the suspen- tained minor injuries in adding that the pandemic-
sion of some older the Dutch incident, which driven slump means that
Boeing planes from scattered turbine blades airlines forced to suspend
service. on the town of Meerssen. it “should be able to
Saturday’s incidents in- One was found embedded fill any network gaps”
volving a United Airlines in a car roof. with 787s or other 777s
777 in Denver and a The US Federal equipped with General
Longtail Aviation 747 Aviation Administration Electric engines.
freighter in the (FAA) said it would soon Analysts at broker
Netherlands put engine issue an emergency air- Cowen predicted limited
maker Pratt & Whitney worthiness directive. impact on Boeing’s share
in the spotlight, though Both incidents involve price, which fell about
there is no evidence that the same type of PW4000 1.3% on Monday.
they are related. engine that equips a United Airlines flight UA328, carrying 231 passengers and 10 crew on board,
Raytheon-owned Pratt relatively small number Early findings returns to Denver International Airport with its starboard engine on fire after it
& Whitney said it was co- of older planes, some The 777-200s and 777- called a Mayday alert, over Denver, Colorado, US on February 20, 2021.
ordinating with regula- grounded by the COVID- 300s affected are older,
tors to review inspection 19 pandemic, limiting the less fuel-efficient models United suspended 24 of Maastricht, bound for off and two fan blades
protocols. It is expected to likely repercussions. still flown by five airlines: its 777s, pre-empting New York, and diverted to were fractured, with oth-
increase inspections or- They nonetheless bring United, Japan Airlines, Boeing’s advice, after the Liege, Belgium. ers showing damage.
dered after previous inci- a new headache for ANA Holdings Inc., Saturday blowout that The Dutch Safety Board The FAA said early
dents. Boeing as it recovers from Asiana Airlines Inc. and dropped the right engine’s on Monday said it was in- findings suggested that
After the Colorado en- the much more serious Korean Air. Most are in protective outer casing vestigating the incident. the “inspection interval
gine failure, when United 737-MAX crisis, which re- the process of being near homes. Examination of the should be stepped up for
Flight 328 dropped debris sulted in the grounding of phased out. A large majority of 777s 26-year-old United jet the hollow fan blades that
on a northern Denver sub- its flagship narrowbody Boeing said that 69 of in service today are pow- showed damage was are unique to this model of
urb before landing safely, jet after two deadly the 777s operating glob- ered by engines made by mostly confined to the engine, used solely on
Boeing recommended crashes. ally with PW4000s had General Electric, the sole right engine, the US Boeing 777 airplanes”.
the suspension of 777s “This is certainly an been in recent service, supplier on recent models. National Transportation The cause of the engine
with the same variant of unwelcome situation for with another 59 stored. In the Dutch case, Safety Board (NTSB) said. fire in the Netherlands in-
PW4000 turbine. Japan, both Boeing and Pratt, but Pratt & Whitney engines the Longtail pilot was Its inlet and casing came cident remained unclear.
meanwhile, imposed a from time to time issues power less than 10% of the informed of an engine
mandatory suspension. will pop up with aircraft delivered 777 fleet of more fire by air traffic control
The European Union and engines,” said Greg than 1,600 planes. after taking off from
BANK RATES
Commercial bank rates to the public at the close of
Spain invests EUR13.74M in IDB-managed strategic fund business yesterday by the Central Bank of Barbados.
THE Government of Economy and Business recovering from COVID- Group, allowing for the fi- Valid for February 23, 2021
Spain, through its Support, from the 19 and building a more nancing of projects related Notes:
Ministry of Economy and Ministry of Economy and competitive, sustainable, to innovation, public- Currency Buying Selling
Digital Transformation, Digital Transformation, and equitable future, this private partnerships, en- Belizean Dollar 1.00000 1.00000
and the Inter-American who has highlighted that contribution could not trepreneurship and the Canadian Dollar 1.56679 1.61314
Development Bank (IDB) “this new contribution have come at a more criti- support of private enter- East Caribbean $ 0.73704 0.74445
have expanded their his- to the Fund is a sign of cal time”. prises, all critical themes Euro 2.38352 2.48388
toric partnership with a the importance the Since its creation in for the pandemic recovery. Pound Sterling 2.75882 2.87498
new Spanish contribution Government of Spain 2001, the Fund has fi- The Fund is a core United States Dollar 1.98000 2.02857
of EUR13.74 million gives to the recovery and nanced technical co-oper- strategic component of the Demand/Sight:
(US$16.7 million) to the prosperity of the Latin ation operations in the long-standing partnership Currency Buying Selling
Belizean Dollar 0.99688 1.00313
Spanish General Co-oper- American region and is areas related to digital between Spain and the Canadian Dollar 1.57571 1.61172
ation Fund. also a sign of confidence transformation, infra- IDB. Moreover, Spain is East Caribbean Dollar 0.73843 0.74306
The objective of the in the Inter-American structure investment a donor to several IDB- Euro 2.41849 2.46847
Fund, managed by the Development Bank as a promotion, migration, re- managed, multi-donor Guyana Dollar 0.00942 0.00948
IDB, is to strengthen the priority partner in Latin gional integration, sus- trust funds, including Pound Sterling 2.79929 2.85714
channelling of resources to America and the tainable tourism, private- AquaFund, which pro- United States Dollar 1.99000 2.02768
finance development proj- Caribbean, to lead this sector development, urban motes investments in Telegraphic Transfer
ects which contribute to path of sustainable and development, as well as water and sanitation; the Currency Buying Selling
sustainable development inclusive economic growth projects to advance mod- Disaster Prevention Trust Belizean Dollar 0.99688 1.00313
in Latin America and the that ensures the greatest ernisation of the state Fund; and the Sustainable Canadian Dollar 1.57870 1.61172
East Caribbean Dollar 0.73843 0.74306
Caribbean. This new con- prosperity for its inhabi- and digital administra- Energy and Climate Euro 2.42304 2.46847
tribution reinforces com- tants”. tion. To date, Spain has Change Initiative Trust Guyana Dollar 0.00942 0.00948
mitment of Spain to the President of the IDB, contributed more than Fund. Furthermore, Spain Pound Sterling 2.80456 2.85714
region, which has been se- Mauricio Claver-Carone, US$100 million to the has also created and fi- United States Dollar 1.99375 2.02768
riously impacted by the expressed how “Spain has Fund, which has financed nanced important bilat-
COVID-19 crisis and by re- once again deepened its 246 technical co-operation eral financing platforms, INDICATIVE RATES FOR SOME REGIONAL
cent hurricanes in Central status as one of the IDB’s operations in the region. including the Spanish CURRENCIES AS ADVISED BY THE
America and will allow the most dedicated partners Resources of the Fund Fund for Water and RESPECTIVE CENTRAL BANKS.
continued support of key and an important investor are also available both to Sanitation in LAC and N.B. These rates are not meant to be used for trading.
projects. in the future of Latin IDB Lab, the innovation the Spanish Trust BDS$
Guyana Dollar 0.00945
This has been stated America and the laboratory of IDB Group, Fund for the Social Jamaica Dollar 0.01322
by Ana de la Cueva, Caribbean. As the region and to IDB Invest, the pri- Entrepreneurship T & T Dollar 0.29745
Secretary of State for faces the daunting task of vate sector arm of the IDB Program.
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