Caribbean News Roundup- Aug. 6th

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    Jamaica’s Government is spending $15 million to assist farmers affected by the ongoing drought on the island.

    Agriculture Minister Audley Shaw says an estimated 5,600 farmers have been affected with losses of 500 hectares of crops including vegetables, condiments, fruits, cereal roots, and tubers.

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    Also in Jamaica, work is underway on the building and expansion of schools in order to eliminate the shift system and relieve overcrowding.

    Education Minister Karl Samuda, said there are currently 37 schools that remain on shift, and 13 will require expansion while 17 new schools are being recommended.

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    The Crop Over Festival Carnival parade was held yesterday, and the move by National Cultural Foundation to abandon the National Stadium as the judging grounds for the Grand Kadooment put a bit of a damper on the annual parade for some revelers.

    However, the masqueraders made showed off their best and brightest designs as they crossed the stage in front of judges along Stadium Road outside the National Botanical Gardens.

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    The Grenada National Trust says work is being done to restore Fort George, the largest and most important fort on the island.

    Several million dollars are being given by the World Bank for the development of the tourist attraction potential of Fort George.

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    This month, Bahamas government registered stock will be listed on the Bahamas International Securities Exchange, opening up the market on government bonds and allowing market forces to determine the daily value.

    Finance Minister Peter Turnquest hailed the move as a modernization that will stimulate Bahamian capital markets.

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    In Guyana, with oil production to begin in March next year, the country’s Finance Minister Winston Jordan says that just above US$100 million will likely be available for Budget Spending in 2020.

    He says in the whole year of 2020, and using US$50 per barrel of oil, the country’s profit will probably be around $200 million.

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    St. Lucia’s National Security Minister has called on members of the public not to challenge police officers in the execution of their duties.

    He says challenges to the police demonstrate a serious lack of respect for law enforcement officers and noted that there is recourse, as reports can be made to the Police Complaints Unit and he himself, as minister.

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    The University of the West Indies and the University of Glasgow have signed the first ever agreement for slavery reparations since British Emancipation in 1838.

    The agreement calls for the University of Glasgow to provide £20 million to fund research to promote development initiatives to be jointly undertaken with The UWI over the next two decades.

    The sum of £20 million was the amount paid to slave owners as reparations by the British government when it abolished slavery in 1834.