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Category: Economy

News

China's weaker economy means problems for commodity supplier countries from Latin America

China’s weaker economy means problems for commodity supplier countries from Latin America

“Growth in China is projected to be 5.1% in 2023, faster than the 3.0% in 2022,” the World Bank said The World Bank cut its economic growth forecast for China for 2024, citing continued difficulties in the domestic market including the property crisis and a fading rebound from the re-opening this year. Slower Chinese gross…
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Suriname’s oil-driven development dilemma

Suriname’s oil-driven development dilemma

The carbon negative South American country bides its time ahead of potential oil boom The FDI angle: In early June, Suriname’s state-owned company Staatsolie hosted an energy, oil and gas summit in the capital, Paramaribo. The aim was to “bring Suriname to the attention of the world” and promote investment into the country’s nascent offshore…
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IMF Executive Board Suriname

IMF Executive Board Completes Third Review Under the Extended Fund Facility for Suriname

September 25, 2023 Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the third review under the Extended Fund Facility (EFF) arrangement for Suriname. The completion of the review allows the authorities to draw the equivalent of SDR 39.4 million (about US$52 million), bringing total purchase to SDR 118.2 (about US$156 million).…
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Barack Obama

The New and Hopeful Suriname

Hope ( U.S. former president Barack Obama ) is everything ( repeated interview with H.E. Mr. Albert Ramdin ) eyesonsuriname Amsterdam, 26 Sept 2023–He’s two and a half hours late, but Albert Ramdin has good reason. From a hotel room in The Hague, the Surinamese Minister of Foreign Affairs was in a conference call with China…
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A conversation with H.E. Chandrikapersad Santokhi, president of Suriname, chair of the Caribbean Community

A conversation with H.E. Chandrikapersad Santokhi, president of Suriname, chair of the Caribbean Community

Caribbean Community (CARICOM) countries are on the frontlines of the impacts of climate change, the energy crisis, inflation, and food insecurity. Inflation has reached more than 6 percent, electricity costs for Caribbean citizens are double the average for US citizens, and climate change is expected to cost the region almost $22 billion annually by 2050.…
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From Crisis to Confidence

Rethinking Integrity in the Voluntary Carbon Market Systemic flaws in the carbon market The VCM is riddled with a lack of transparency and robust quality standards. Various independent investigations have revealed that the market is flooded with low-quality credits with little to no impact on the climate. The Compensate Foundation has reached the same conclusion…
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Suriname and climate change

Suriname and climate change

Pivotal role eyesonsuriname Amsterdam, 14 september 2023 — Marciano Dasai, Minister of Spatial Planning and the Environment in Suriname, made it clear during a presentation at the Cabinet of the President that Suriname could become an important player in the short term and earn from carbon credits.  Minister Dasai has pointed out that Suriname has…
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Rather than a cautionary tale, Salvador Allende has become a cherished myth for the left

What can Chile’s politicians learn from the coup in 1973?

Long before jihadists destroyed the World Trade Centre, another September 11th had entered history as a dark day, especially for Latin America. On that date in 1973 Chile’s armed forces overthrew Salvador Allende, an elected Socialist president, and his chaotic, divided government. The coup was a national trauma and a continental shock. Augusto Pinochet, its leader, went…
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Carbon credit market confidence ebbs as big names retreat

Carbon credit market confidence ebbs as big names retreat

By Susanna Twidale and Sarah Mcfarlane LONDON, Sept 1 (Reuters) – Voluntary carbon markets have shrunk for the first time in at least seven years, as companies including food giant Nestle and fashion house Gucci reduced buying and studies found several forest protection projects did not deliver promised emissions savings. Preserving forests is crucial to meeting international goals…
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the Inter-American Development Bank-World Bank deal matters

Why the Inter-American Development Bank-World Bank deal matters, and what’s next

By Jason Marczak and Pepe Zhang Insanity, the saying goes, is doing the same thing over and over and expecting a different result. With Latin America and the Caribbean (LAC) currently projected to grow at just 1.9 percent this year and 2.2 percent next year, the lowest of any developing regions except war-battered Emerging and…
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