Posts Tagged ‘Caribbean’

St Kitts and Nevis Prime Minister charts new trajectory for twin-island nation at an exclusive event in Dubai

CARIBPR WIRE, Dubai, Dec. 02, 2022: The Prime Minister of St Kitts and Nevis, Dr. Terrance Drew, set the tone for the direction his country will be taking at a recent exclusive invite-only event in Dubai.

The event was one of many engagements undertaken by the Prime Minister and his delegation which included the country’s tourism minister Marsha Henderson, Attorney-General Garth Wilkin and cabinet secretaries, Dr. Marcus Natta, Sylvester Anthony and Veira Galloway.

The new administration has been leading the country since August this year following a snap election and have set bold ambitions for the twin-island federation to become a premium business hub in the Caribbean that caters to intelligent and discerning investors.

Set against the backdrop of one of the world’s most notable success stories, Prime Minister Terrance Drew’s first visit to Dubai, signalled his intention to drive economic growth that will make the country a notable contender on the global stage.

Much of this growth will be financed by St Kitts and Nevis’ citizenship by investment programme – the oldest programme of its kind in the world.

Speaking at the event, Prime Minister Drew said, “Since Dubai is such an important financial hub and is swiftly becoming an epicentre for the global citizen, it is fitting that I am here this evening to discuss the attributes of my special nation, and more particularly our renowned citizenship by investment programme that stands apart from others.”

“In this ever-changing and unpredictable world, it is imperative that the government of St Kitts and Nevis and its citizenship by investment programme continue to adapt to the needs of our people and to attract the right kind of international investment necessary to uplift our country.”

For nearly 40 years, the citizenship by investment programme of St Kitts and Nevis has had a remarkable impact on the country, generating funds that have built and upgraded hospitals, schools, roads and diversified the economy from one mainly rooted in agriculture and tourism to a fledgling manufacturing and finance-centered one.

Dubai has emerged as one of the world’s most favourite economic destination for investors, consumers as well as job seekers and tourists. The resource deficient nation has galloped from a primitive social milieu and pre-industrial economic structure to reach what many have called the pinnacle of success.

Dubai derives just 6% of its GDP from oil and gas yet it has grown its economy’s size, start­ing around the year 2000, displaying annual monetary de­velopment rates higher than even China or the Asian tiger economies.

These are some of the insights the St Kitts and Nevis delegation sought to glean from the visit. This year, St Kitts and Nevis’ gross domestic product (GDP) grew by 13.39% compared to last year.

The economy of St Kitts and Nevis was traditionally depended on the growing and processing of sugar cane but decreasing world prices have hurt the industry in recent years. Tourism, export-oriented manufacturing, and offshore banking activity have assumed larger roles in the country.

The citizenship by investment programme has been a way for the government to hedge against and revitalize the faltering sugar sector while also bolstering revenue collection to better fund social programs.

With the current global environment asking more of governments around the world, the Drew administration has realized that to meet the needs of both locals and investors it needed to upgrade the programme which has been a financial pillar for the nation.

“The vision to use economic citizenship to attract international investment was innovative in 1984. The citizenship by investment programme’s first major evolution 27 years later in 2011 was bold and creative. Now, in the third iteration of its evolution, in 2022, after four decades of erudition and development, we must use that same creativity and boldness to ensure that the programme transcends to the modern age; and the security infrastructure is enhanced and strengthened.

“We need to ensure that our treasured citizenship by investment programme is mutually beneficial for all stakeholders, from the people of St Kitts and Nevis, the investors themselves, to the developers, to the local service providers and the international marketing agents.

“While we have always been the benchmark of the global investor immigration industry, we understand that in order to remain as one of the most sought-after economic citizenship programmes in the world, we need to continue to evolve and forge a path for ourselves that is sustainable in the long term,” added Prime Minister Drew.

The Prime Minister has been laser focused and hard at work since taking the helm and has had numerous consultations with stakeholders including local communities, developers, government officials, businesses and investors to understand where the programme was lacking and where updates needed to be made to ensure that the programme continues to meet the needs of an intelligent investment minded person looking for an enriching base for their families and businesses while also, more importantly, uplifting the Kittitian and Nevisian society through beneficial investment options that bring tangible value.

Prime Minister Drew also reassured guests at the event, which included high-level government officials, global investors, government approved agents and promoters, that stakeholders need not be apprehensive of the upcoming changes and that the programme would be guided by three fundamental principles: Sustainability, good governance and pragmatism.

The government has crafted a sustainable model that will continue to be the envy of the international community by injecting high levels of integrity. The programme has also been structured in such a way that it will allow for greater transparency and accountability, the hallmarks of the good governance framework that solidifies the foundation of any successful endeavour. And lastly, the government has tailored investment options to align with market realities while preserving the platinum brand that St Kitts and Nevis has nurtured for four decades.

Bold and innovative strides have been made to strengthen the legislative and administrative structures of the programme and to ensure that real estate projects funded by the programme are completed – “To this end, let it be known worldwide, that St Kitts and Nevis is seeking well respected and serious investors who see the potential of our nation and who are prepared to put capital behind innovative projects, investments and industries that will enhance our palatability to global immigration investors.”

Exact changes and information around the programme will be communicated in 2023.

The visit shows the world that St Kitts and Nevis is open for business and the Prime Minister has identified and discussed new areas of collaboration in advancing economic recovery, stability and reaffirming the solid foundation between St Kitts and Nevis and Dubai.

Click Here for More Information »

Mastercard brings The Belle Block™ to Latin America and Caribbean to educate and empower women in Web3 and crypto

  • The Belle Block™ is a Mastercard-led initiative to focus on education, conversation and building for the future.
  • The program expands its presence in Latin America and the Caribbean thanks to a partnership with WAGMI LatAm.

MIAMI, Nov. 29, 2022 /PRNewswire-HISPANIC PR WIRE/ — Mastercard introduced The Belle Block™ in Latin America and the Caribbean (LAC), during the 11th edition of the Mastercard LAC Innovation Forum. The Belle Block™ is a community launched in June 2022 to educate and empower women and non-binary individuals to benefit from Web3 technology and crypto. This expansion to the region comes in partnership with WAGMI LatAm, an education initiative aimed at bringing 5 million Latin women into Web3 by 2030.

Mastercard believes in the power of technology and its ability to build a better future that includes everyone. This new group focuses on delivering on key building blocks: Business Growth, Education, Leadership, Legal & Regulatory Advocacy and Entrepreneurship.

Today’s crypto climate requires looking ahead, informing, and giving more people the choice to explore and engage in the crypto ecosystem to better understand the power of blockchain. Although women and men are using crypto for similar reasons – investing, buying, trading, and opening wallets – 77% of Latin American women who are familiar with crypto agree they would use it more if they understood it better.*

“Digital assets have the power to transform the way we pay, get paid, and invest. Together with the crypto community, we want to ensure we are bringing more women and underserved to the table in the Web3 and crypto world so they can have an active role in leading the future of payments”, says Janet Rivera-Hernandez, Vice President, Communications, Latin America and the Caribbean.

The Belle Block™ partners with the founders of groups fostering education and collaboration, including SheFi, HerHouse, Blu3 DAO, and Boys Club, to get more women involved and to develop products that empower women and other minorities. In Latin America and the Caribbean, the initiative is supported by WAGMI LatAm, a program that aims to increase the participation of Latin women in the United States and Latin America in the Web3 world.

“WAGMI LatAm brings together more than 30 organizations in the U.S. and Latin America to ensure Latin American women are co-creators and active participants in the evolution of the Web3 ecosystem by providing access to education, resources and conducting research,” said Laura Navarro Muñoz, Governor of H.E.R. DAO LATAM and one of the three founding member organizations of WAGMI LATAM. “Based on our experience, community-building and education will be key to achieve WAGMI LATAM’s goal of onboarding 5 million women into Web3 by 2030 and we are looking forward to working with Mastercard to achieve this goal.”

Last June, Mastercard launched its 2022 New Payments Index, a global survey among 35,000+ consumers in 40 countries, which found those already familiar with the crypto space, women especially, have a heightened interest in expanding their knowledge. 95% of Latin American women have heard of cryptocurrency, but their current understanding of crypto and digital asset terminology is less robust than men, including non-fungible tokens (NFTs) – 42% of women are aware vs. 56% of men, blockchain – 28% of women are aware vs. 44% of men,  and central bank digital currencies (CBDC) – 43% of women are aware vs. 52% of men,.* There is a clear opportunity to engage women by initiating a platform to inform, exchange and educate to help bridge this gender gap.

Mastercard’s Commitment to Diversity, Equity & Inclusion (DEI):
Mastercard’s ongoing commitment to financial and social inclusion is at the intersection of innovation and technology. Recent work includes its LGBTQIA+ Pride Month Your True Self is Priceless campaign, new non-binary community research in 16 markets across Europe and North America, and the release of its refreshed Gender Balance initiative on the 50th anniversary of Title IX.

Source:
*Research conducted by The Harris Poll and Mastercard Global Foresights, Insights and Analytics from March 21 to April 21, 2022. Online interviews were conducted among 35,040 global adults (17,071 women, 17,969 men) and includes nationally representative samples from markets across 5 regions.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

About WAGMI LatAm

WAGMI LatAm is an education initiative led by H.E.R. DAO LatAm, CryptoConexión, and Unstoppable Women of Web3 to bring 5 Million Latinas into web3.

Logo - https://mma.prnewswire.com/media/1162156/mc_symbol_Logo.jpg

Click Here for More Information »

St Kitts and Nevis and Canada continue to implement initiatives that solidify the bilateral relationship

CARIBPR WIRE, Basseterre, St. Kitts, Mon. Nov. 21, 2022: The twin federation of St Kitts and Nevis has had a long and fruitful relationship with Canada and the two nations continue to develop initiatives that strengthen relations.

From 5 to 7 December 2022 the government of Canada will provide biometric processing of visa applications in St Kitts and Nevis. This comes as positive news as nationals of St Kitts and Nevis are normally required to travel abroad to centers in Barbados, Saint Lucia, St. Vincent, and the Grenadines, or even Trinidad and Tobago, to have their biometric information collected for Canadian visa applications.

The processing will be conducted by Canadian officials and this special arrangement is aimed at visa applicants that fall within one of the following categories:

  1. St Kitts and Nevis nationals who anticipate travel to Canada;
  2. Persons who have already applied online or by mail for a visa, work or study permit or for
    permanent residence for Canada and have received their Biometric Instruction Letter; and
  3. Nationals of other countries residing in St Kitts and Nevis are also required to provide their biometric information for planned travel to Canada.

When applying for a Canadian visa, whether for visitation, work, study, or for residence purposes, nationals of St Kitts and Nevis, as well as nationals from other countries, must provide biometric information such as fingerprints and an identity photograph.

Visa applicants are encouraged to complete an online visa application as soon as possible, in order to take advantage of this December opportunity. This could be of benefit to applicants planning to travel for educational purposes, business, tourism, family reunifications, and more.

Monday, November 28, 2022, is the last day to schedule an appointment for the available period in December. Appointment requests that are received after this date will not be accommodated unless appointments that have already been made are cancelled and a booking space becomes available.

Visa applicants must have a scheduled appointment and must bring along the required Biometrics Instruction Letter to their appointment. Officials will not collect applications or biometric information from applicants who have not received this letter.

The schedule for the collection of biometric information collection will take place from 08:30 to 17:30 on Monday to Wednesday, 5 to 7 December 2022, at the St Kitts Marriott Resort. Directions to the precise location within the hotel will be provided upon arrival.

In order to book an appointment for biometrics collection, please write to [email protected]

The governments of Canada and St Kitts and Nevis partner on a number of important issues, with an emphasis on matters of economic resilience and climate. St Kitts and Nevis has a High Commission in Ottawa and a consulate in Toronto, while Canada is represented in St Kitts and Nevis by the High Commission of Canada in Barbados, all of which help to strengthen bilateral ties between the two countries.

According to the government of Canada, Canada’s merchandise exports to St Kitts and Nevis totaled CA$5.2 million and merchandise imports from St Kitts and Nevis totaled CA$2.9 million in 2021. During this period, Canada’s main exports to St Kitts and Nevis included live animals and animal products, food products, and metals.

Even before the recent COP27, Canada announced the CA$100 million pledge for Caribbean Reconstruction and Economic and Climate Resilience to support St Kitts and Nevis and the region in reconstruction and climate resilience, following the disastrous 2017 hurricane season in the Caribbean. According to the Canadian government, this included strengthening natural disaster planning and response through organizations such as the Caribbean Disaster Emergency Management Agency.

At the CARICOM Intersessional Meeting in February 2020, Canada announced an additional CA$61.5 million in new commitments for resilience, technical assistance, and education exchanges for the Caribbean. This includes, for example, the Canada-CARICOM Expert Deployment Mechanism, which provides technical assistance to CARICOM governments, including St Kitts and Nevis, to help diversify and strengthen the economy, build climate-resilient communities, and reduce gender and economic inequalities.

Canada is the largest contributor to the International Monetary Fund’s Caribbean Regional Technical Assistance Centre, which has provided technical assistance to St Kitts and Nevis in internal audit, and tax and customs administration.

St Kitts and Nevis also works closely with Canada in multilateral domains such as the Commonwealth, the Inter-American Development Bank (IDB), the Organization of American States (OAS), the World Trade Organization (WTO), and the Organisation of Eastern Caribbean States (OECS).

St Kitts and Nevis also benefits from the Canada Fund for Local Initiatives, and Canada’s partnership with non-governmental organizations and regional institutions, such as St Kitts and Nevis-based Eastern Caribbean Central Bank and the Caribbean Development Bank. Canada represents St Kitts and Nevis and other Caribbean nations on the Board of Governors of the World Bank and the International Monetary Fund.

Many investors from Canada and other wealthy nations have participated in citizenship by investment programme offered by the government of St Kitts and Nevis. This programme is the oldest and one of the most trusted programmes of its kind in the world. Since 1984, it has allowed investors and their families to legally obtain citizenship in one of the Caribbean’s most idyllic places. Through this programme, foreign investors to St Kitts and Nevis can obtain citizenship for life, with the right to live and work in the island country, the ability to share citizenship with future generations, and taking advantage of having more global mobility. St Kitts and Nevis also offers investors a fair tax regime, with no worldwide income, inheritance, or gift tax for tax residents.

There are two main ways in which an applicant can apply for citizenship under St Kitts and Nevis citizenship by investment programme: by donating to the country’s Sustainable Growth Fund or by investing in pre-approved real estate.

The country’s CBI programme is also undergoing an upgrade under the leadership of the new St Kitts and Nevis prime minister, Dr. Terrance Drew. The new changes will ensure strengthened legislative and administrative oversight of the programme to ensure that it meets the needs of a changing investor whilst also being beneficial to the local citizens. Prime Minister Drew is determined to retain the country’s CBI status – which is one of the best in the world.

Click Here for More Information »

COP27 needs a tremendous focus on action, Commonwealth of Dominica looking to share scalable solutions

CARIBPR WIRE, Roseau, Dominica, Fri. Nov. 04, 2022: There are a few days left until COP27 takes place in the Egyptian city of Sharm El-Sheikh from 6 to 18 November and the Commonwealth of Dominica, like many nations around the world, will be watching to see if this summit finally brings action and implementation of proposals and promises.

“We are at the stage where we can no longer use these events as talk shops, but rather, we need to be laser-focused and intentional about developing actionable plans to tackle the biggest challenge of our time – climate change,” says Dr. Vince Henderson, Dominica’s minister for planning, economic development, climate resilience, sustainable development, and renewable energy.

Small island nations like Dominica, are not the only countries facing extreme weather conditions as a result of global warming. UN Secretary-General António Guterres mentioned to journalists in New York recently that a third of Pakistan is flooded, Europe is experiencing its hottest summer in 500 years, the Philippines is dealing with the aftermath of tropical storm Paeng and in the United States, Category 4 Hurricane Ian was just another reminder of the climate crisis.

Dominica has been on a path to be the world’s first climate-resilient nation following Hurricane Maria which left an estimated 90 percent of buildings damaged or destroyed in 2019.

This year, at COP27, Dominica wants to showcase how it will reach climate resiliency by 2030. The country has implemented a number of projects that can be used as case studies that can be used as a flywheel of action.

“Everybody is talking about sustainability and climate change and why we need to reduce carbon emissions, the issue is how we are going to make a meaningful impact. For people to translate insight into action, they need to see good examples that motivate them, and we believe Dominica has an abundance of examples that are yielding results,” continues Minister Henderson.

In response to the destruction caused by Hurricane Maria, Dominica launched a climate resilience policy framework to help guide its recovery journey in the form of the National Resilience Development Strategy 2030 (NRDS).

The Climate Resilience and Recovery Plan of Dominica aim to build strong communities, build a robust economy, have a well-planned and durable infrastructure; strengthen institutional systems and, protect and sustain natural and other unique assets.

It centres around three pillars: structural resilience, financial resilience, and post-disaster resilience.

Structural resilience: The government of Dominica is building a resilient infrastructure capable of withstanding natural disasters, including Category 5 hurricanes. It includes the construction of 5 000 climate-resilient homes, healthcare centres, roads, bridges, airports, and schools.

Financial Resilience: The government of Dominica is implementing institutional fiscal reform to ensure stronger fiscal resilience which will aid in the strengthening of debt sustainability utilising several key institutional fiscal areas.

Post Disaster and Social Resilience: This pillar helps encourage farmers to plant more root crops which are more resilient to heavy rain and wind, and increases farmer training programmes and government assistance with the provision of seeds and fertilizers. The government’s plan to strengthen food security includes specific policies for the resiliency of the agriculture and fisheries industries.

With 2022 set to rank among the 10 warmest years on record, according to the US National Oceanic and Atmospheric Administration, Dominica is also constructing a geothermal power plant which will increase the country’s share of renewables and diversify the country’s energy matrix. The Commonwealth of Dominica already obtains 28% of its energy requirements from renewable energy sources such as hydropower and wind.

The UN is urging the world’s industrialized nations to ‘lead by example’ by taking ‘bold and immediate actions’. One of these nations includes the United States of America and with President Joe Biden confirmed to attend, it is said he will build on the significant work the United States has undertaken to advance the global climate fight and help the most vulnerable build resilience to climate impacts.

Last year, Biden arrived at COP26 largely empty handed and this year he will promote the passage of the Inflation Reduction Act, a bill that devotes hundreds of billions of dollars to clean energy initiatives and brings Biden’s pledge to cut United States emissions in half by 2030 closer within reach.

The Conference of the Parties (COP) is the group of nations that have signed the UN Framework Convention on Climate Change (UNFCCC), which was put together in 1992. It commits them to act together to stabilize greenhouse gas concentrations “at a level that would prevent dangerous anthropogenic (human-induced) interference with the climate system”. Since then, the parties, or nations, have met almost annually.

COP26 was held in the Scottish city of Glasgow in November 2021 and it brought together 120 world leaders and representatives from almost 200 countries. It culminated in the Glasgow Climate Pact, which reaffirmed the 2015 Paris Agreement goal of “limiting the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit it to 1.5°C”.

Click Here for More Information »

Ecohesion joins Integrated Sustainability to export Caribbean innovation in circular water, waste, and energy solutions

https://www.youtube.com/watch?v=n8QJefaS1hk

CALGARY, AB and BRIDGETOWN, Barbados, Oct. 6, 2022 /PRNewswire-HISPANIC PR WIRE/ – Integrated Sustainability, Canada, acquires Ecohesion Ltd, Barbados, effective September 1st, 2022.

Ecohesion joins Integrated Sustainability to export Caribbean circular water management solutions and capture renewable energy and waste management opportunities.

Climate sensitivity in the Caribbean necessitates inventive solutions now. The merger between our two purpose-driven companies facilitates faster technology exchange between regions and consolidates our endeavours to deliver conscientious water, waste, and energy solutions.

The partnership signals the continued strength of the relationship between Canada and Barbados, as both countries work to achieve the UN Sustainable Development Goals and expand the reach and availability of services required to meet acute environmental challenges.

Driving sustainability

President of Integrated Sustainability, Stuart Torr, speaking of the acquisition in Barbados said:

“Integrated Sustainability is incredibly excited to expand our Caribbean design-build-operate services and tackle some of the big challenges facing the region.

Typically, when you bring an international company together with a smaller one the expectation is that the international company has solved everything, but we haven’t. We need innovative, task-focused companies that are looking for solutions like rainwater harvesting, and renewable natural gas; companies looking for water and wastewater, recycling, and reuse opportunities.

Ecohesion brings unique expertise and perspective that we can also export into our broader offering in North America. In the process, we will create opportunities for Ecohesion staff to help us support those projects internationally as well.

Canada and the Caribbean have benefitted from a special relationship. The Caribbean is a vital place to tackle some of the most significant challenges globally, and what we are looking at here is a combined team that enables us to do it with passion.”

Andre Quesnel, Ecohesion’s Director, Caribbean operations, and business development, said that the company has grown from four people when it started in 2013 to more than 25 before the acquisition by Integrated Sustainability, and now the focus was now on further expansion.

“The future is really exciting. Joining up with Integrated Sustainability provides nitro to our gas tank – to go out and continue to expand to places like Bermuda, to Belize, to Guyana – to be more efficient, and drive sustainability in the region.”

Creating future job opportunities

Ecohesion has previously worked with the University of the West Indies to develop talent and Quesnel explains how that would continue to provide fruitful career growth.

“What’s amazing about this partnership is that it has opened up the career growth for Barbadians, and for Caribbean nationals, to grow and work on international projects, with international mentors . . .  it is removing that ceiling.”

Integrated Sustainability’s Vice President of International Development, Nick St-Georges, leads Integrated Sustainability’s International design-build development and has recently completed a variety of consultancy and advisory work on the impacts of climate change for various Caribbean nation-states, funded by international funding institutions (IFIs) including the Inter-American Development Bank, United Nations, and the Green Climate Fund.

St-Georges describes the immense implications for the global market:

“Ecohesion’s novel operational and maintenance services complement fully-integrated infrastructure development and provide customers with additional expertise beyond project hand-over.

This is truly exciting. When a project requires the combination of both design and operation of a treatment facility, we naturally focus on the design quality and efficiency, reducing costs and increasing longevity for our clients. Everyone wins from this type of holistic approach.”

Ecohesion’s customers and the broader Caribbean market now benefit from world-leading expertise in a broad range of specialisms, ranging from desalination to biogas and industrial water management. St-George’s goes on to explain:

“Ecohesion’s Caribbean clients will now benefit from a larger variety of services offered by our combined companies. Together, we offer additional services including ESG compliance reporting, data management services, and regulatory expertise; as well as the necessary financial capacity to tackle exciting large-scale projects.

I’ve known Sam and the [Ecohesion] team personally for over 7 years now, having worked together collaboratively on several projects, and I am extremely excited that we are now one team. Ecohesion’s excellent brand recognition and financial stability, united with Integrated Sustainability’s innovative turn-key solutions, provide the Caribbean with ‘end-to-end’ development services and enhanced development capabilities.”

Exporting Caribbean expertise

Integrated Sustainability and Ecohesion have already partnered on several ongoing initiatives in the Caribbean and look forward to sharing further details in the coming months.

Sam Neilands, Director of Business Development, commented:

“We are extremely eager – having spent a long time looking for the right people who align with our vision – to introduce our new extended team to our clients across the Caribbean region. Together, Ecohesion and Integrated Sustainability represent a game-changing move to help action and deliver positive change for our community, now.

The Caribbean is on the front line of combating climate change. Shouldering the brunt of the impact of global warming, the region continues to maintain leadership in innovation driven by necessity. Many of the tried and tested solutions Ecohesion has already introduced across multiple islands are case studies for larger global markets that have not had to innovate as quickly and are now playing catch up.

This international partnership brings in the additional resources needed by the Caribbean to raise our (the Region’s) climate change response to the next level.”

About Integrated Sustainability:

Integrated Sustainability is a pioneer of ESG-ready (Environmental, Social, and Governance) water, waste, and energy infrastructure.

Framed from an advisory background, Integrated Sustainability employs world-leading multi-disciplinary experts across four office locations in Calgary, Vancouver, Houston, and Barbados.

To explore Integrated Sustainability’s range of expertise please visit Caribbean Water and Wastewater Solutions and/or contact Nick St-Georges for more information.

About Ecohesion:

Ecohesion provides the Caribbean with industrial, commercial, and residential water treatment solutions. They currently operate and maintain nineteen MBR facilities in Barbados and support another ten across the Caribbean with technicians and offices in Barbados, Antigua, Trinidad, St. Lucia, and Bermuda.

Their local expertise helps guide clients through every phase of an asset’s life cycle. Recent successes include onboarding major international drink corporations and leading hotel chains.

To arrange a demonstration of how wastewater can be safely reused for applications ranging from irrigation, laundry, and other non-potable purposes, please contact Sam Neilands for a tour of the Coverley Water Reclamation Plant.

Photo - https://mma.prnewswire.com/media/1914679/Integrated_Sustainability_Ecohesion_joins_Integrated_Sustainabil.jpg

Click Here for More Information »

Last 2022 Call For Applications For OAS 50% Scholarships Opened For The Caribbean Region

●    The Hague Apostille for University Certifications at no additional cost for young Caribbean professionals between the ages of 20-30.

●      Additional 5% discount for female students with the goal of diminishing the income disparity with men in similar professions.

CaribPR Wire, MADRID, Spain, Mon. Sept. 19, 2022: The prestigious online training school, Structuralia, together with the Organization of American States (OAS), have recently opened their last 2022 call for applications for 50% master’s degrees scholarships available to engineering professionals in the Caribbean region.

As a matter of fact, the demand for STEM professionals in the Caribbean has significantly increased, hence the need for greater support for specialized education and training opportunities in the industry to find highly qualified professionals.

The Organization of American States (OAS) and Structuralia are greatly committed to strengthen the capacities of Caribbean professionals by means of highly specialized education in different fields and have been doing so in the region for the past 12 years.

For instance, in 2022, 2,500 scholarships covering 50% of the total cost of specialized master’s degrees have been made available to citizens of OAS Member States

All those interested may find the necessary information on this scholarship programme by entering the website http://oasscholarships.structuralia.com, where all the requirements are clearly explained to encourage anyone who wishes to further their education to apply; all applicants must be residents of OAS member states.

The application deadline for these limited scholarships is October 7th, 2022. All interested applicants may complete their application at  https://oasscholarships.structuralia.com, and attach their CV along with their university degree.

Special benefits for women and youths

In order to contribute to the higher participation of women in highly specialized STEM education, the OAS / Structuralia scholarship program offers an additional 5% aid to all female students who successfully obtain their degrees in 2022. This initiative is aimed at reducing the wage gap for similar occupations in the field that will generate the most employment opportunities in the coming years.

Likewise, the OAS / Structuralia scholarship program aims at the internalization of the talent of young students between the age of 20 and 30. All those who successfully complete their master’s degrees will receive the Hague Apostille for their Diplomas at no additional cost, so that they may further their professional development anywhere in the world.

Click Here for More Information »

ACTIF 2022 opens new trade and investment path between the Caribbean and Africa

CARIBPR WIRE, LONDON, Sept. 16, 2022: CS Global Partners, one of the world’s leading government advisory agencies, is the official representative of the governments of the Commonwealth of Dominica, Saint Lucia and St Kitts and Nevis all of whom took part in the first-ever Afri-Caribbean Trade and Investment Forum (ACTIF2022), which took place in Bridgetown, Barbados, from 1 to 3 September 2022. The forum opened a new chapter for the relations between the Caribbean and Africa. Held under the theme, ‘One People, One Destiny, Uniting and Reimagining Our Future’, the forum set in motion various initiatives to further deepen and build new trade and investment relationships between Africa and the Caribbean.

The three-day forum was convened by African Export-Import Bank (Afreximbank), the Government of Barbados in collaboration with the African Union Commission (AUC), African Continental Free Trade Area (AfCFTA) Secretariat, Africa Business Council, the Caribbean Community Secretariat, and the Caribbean Export Development Agency.

The Prime Minister of Barbados – Mia Amor Mottley, expressed pleasure at being selected as the host country for ACTIF 2022. She asserted that Africa and the Caribbean share common roots and need to work and act together in various sectors. Participants committed to building a commercial bridge between the two regions for their prosperous future.

ACTIF 2022 was the first forum of its kind between the two regions and aimed to provide an opportunity for the Caribbean and African business communities, as well as governments, to establish new commercial and strategic relationships with the goal of expanding trade and investment between both the regions. The high-level support between the two regions is intended to boost bilateral cooperation and engagement in trade, investment, technology transfer, innovation, tourism, culture and other sectors. The forum also opened doors to effective business matchmaking between the two regions.

The three-day conference featured various panel discussions on several topics, which were based on business-to-business engagements. The delegates discussed topics such as: developing special economic zones (SEZs) and industrial parks; boosting industrialisation and manufacturing; improving infrastructure, financing and trade logistics, including regional integration, promoting trade and tourism, creating the environment to accelerate private sector investment, improving agricultural productivity and increasing agribusiness opportunities and food security.

Along with this, the forum also witnessed the signing ceremony of two partnership agreements, 10 MoUs and three finance facilities. The star document of the forum, which signified the success of the summit, was the partnership agreement between seven members of the Caribbean Community and Afreximbank to promote and finance South-South trade and investment between Africa and the Caribbean. Its ultimate goal is to promote and provide insurance and guarantee services covering commercial and non-commercial risks associated with African and Caribbean exports.

Caribbean countries such as Barbados, the Republic of Suriname, the Federation of St Kitts and Nevis, the Commonwealth of Dominica, Saint Lucia, Antigua and Barbuda and St Vincent and the Grenadines signed the agreement with African Export-Import Bank.

The agreement will help to boost knowledge sharing between Africa and the Caribbean region with technical cooperation, research and several joint events. It also has the potential to accelerate the membership of CARICOM nations in Afreximbank as it will enable the bank to operate in the region and deliver on the new vision.

Over and above this, in order to mobilise trade and investment between the two regions, Afreximbank also signed a US$250 million Trade and Investment Agreement with the Central Bank of Barbados.

Further, Afreximbank outlined their aim to establish the export-import as they signed a MoU with the Caribbean Association of Banks. The signing ceremony took place in the presence of hundreds of delegates comprising African and Caribbean business leaders and government officials discussing how to improve trade and investment between the two regions. It was signed by the Chief Executive Officer, CAB, Wendy Delmar, and the Executive Vice President of Afreximbank, Denys Denya.

To sustain these efforts, Africa-Caribbean Business Council, CARICOM Private Sector Organisation and Afreximbank also signed another MoU. The rest of the memos included Ghana Export Promotion Authority and Barbados Investment and Development Corporation signed by BIDC’s Hill and GEPA’s Dr Afua Asare, and BIDC, GUTA’s Dr Joseph Obeng and BCCI’s Anthony Branker, Ghana Union of Trade Association and Barbados Chamber of Commerce and Industry signed by Hill.

Various senior government representatives, business leaders, representatives of business associations, prospective investors and buyers, project promoters, development agencies, multilateral finance institutions, think tanks and research institutions from Africa and the Caribbean were in attendance at ACTIF 2022 with more than 1,500 delegates representing 93 countries (comprising 48 African countries, 12 Caribbean countries, and 33 other countries).

The specific objectives of ACTIF2022 were:

  • Promotion of inter-bank relationships, which includes financial flow and fostering payment.
  • Development of cultural and creative engagements between two regions that can be commercially viable.
  • Creation of a business case for a potential AfriCaribbean Free Trade Area.
  • Creating a suitable platform which helps to disseminate trade and investment information and other products and initiatives of the bank, which will support trade between Africa and Africans in the diaspora.
  • Help in the reduction of the counterpart risk perception among African and Caribbean businesses in dealing among themselves.
  • Promotion of trade and investment between Africa and the Caribbean as the forum served as the platform for market identification, building business partnerships, exchange of trade and market information, and co-investments.
  • The forum also facilitates Afri-Caribbean investments by fostering and bolstering cross-regional business and investment linkages.
Click Here for More Information »

Saint Lucia hails the 12th Annual IREX Citizenship and Residency Conclave a success

CaribPR Wire, Castries, St. Lucia, Sept. 13, 2022: The Citizenship by Investment Programme of Saint Lucia participated in the 12th Edition of the “IREX Citizenship and Residency Conclave” over the past weekend. The two-day event took place in New Delhi, India, from the 9th to 10th September 2022 at the Le Meridian Hotel.

The Saint Lucia Citizenship by Investment Programme was launched in 2016, making it the newest in the Eastern Caribbean region and it also happens to be one of the fastest growing programmes. It was recently recognised as the world’s third best programme according to the CBI Index 2022, published by the PWM Magazine of Financial Times. St Lucia received a total of 78 marks ranking it third out of thirteen countries that were evaluated for the 2022 CBI Index

The “IREX Citizenship and Residency Conclave” is hosted annually to promote residency and citizenship programmes offered by various countries from across the globe to High Net Worth Individuals (HNWIs). Presentations from several citizenship consultants, real estate developers and investment firms took place throughout the first day.

According to statistics from 2017, there were approximately 270,000 HNWIs in India, with these numbers expected to increase to around 950,000 by 2027. India also has the second largest millionaire outflow in the world with numerous individuals and families seeking foreign residency and citizenship.

The Saint Lucia Citizenship by Investment Unit was represented at IREX and gave potential applicants the opportunity to find out more about the Eastern Caribbean island thereby allowing them to explore new investment options.

The CIP of Saint Lucia is an attractive option for applicants seeking alternate citizenship as the minimum investment outlay for a single applicant is USD 100,000.

The geographical location of Saint Lucia makes it an extremely desirable location due to the global mobility that it offers as it is close to many major business hubs in the Americas. The country offers a safe and secure lifestyle in beautiful surroundings, world-class schooling facilities, and a stable currency. The Eastern Caribbean Dollar (XCD) has been pegged at a fixed rate to the US dollar since July 1976.

Saint Lucia is an excellent choice for the investor because business expansion and portfolio diversification is possible as there are many favourable opportunities to plan and spread ones wealth due to the wide range of investment programmes. Backed by a strong due diligence process, the programme is one of the most transparent in the industry as it gives investors and partners access to information on how the funds are used. Investments in countries such as Saint Lucia also tend to offer considerably more stable returns because of reduced political risk from upheavals or conflict.

Saint Lucia also has a large Non-Resident Indian (NRI) community, especially in the business sector. Tourism, real estate, banking and manufacturing are the prominent business sectors in the country, generating almost half of the country’s total revenue.

Obtaining alternative citizenship from Saint Lucia comes with many non-economic benefits as well. These include reduced citizenship application timelines without the bureaucracy, extending citizenship to family, a high standard of living and enjoying the general benefits that come with living in modern, diverse countries. Other key benefits include access to modern healthcare facilities and quality education for the children of investors. Small island countries rank high in terms of freedom of expression, civil liberties, and political rights which all contribute to a high standard of living.

Being an island country, it also offers a tranquil environment; it is home to a pair of dramatically tapered mountains on its west coast with beautiful volcanic beaches along the coast. Saint Lucia is home to numerous spectacular reef diving sites that make it perfect for the adventure enthusiast

Saint Lucia’s CIP programme is highly acclaimed, well-ranked and well-developed which gives individuals from all over the world the confidence that they would be making the right choice if they opted to take up the offer for alternate citizenship from St Lucia.

The IREX Conclave 2022 was a great success and gave investors from all over the world the opportunity to interact with the Eastern Caribbean country representatives and they got a better understanding on the technicalities of the Citizenship Programme offered by Saint Lucia. Investors attending the conclave in New Delhi were able to explore the wide variety of benefits that the Saint Lucia CIP offers, which include:

  • Lifetime citizenship that can be passed on to future generations
  • Efficient and confidential processing of applications
  • Full resident status, including the right to live and work in Saint Lucia
  • No residency requirements.

The Government of St Lucia is meticulous about the use of funds generated through their Citizenship by Investment Programme with funds being utilised in the completion of developmental projects and upliftment of infrastructure, all of which benefit their citizens.

The IREX Citizenship and Residency Conclave was the perfect opportunity for the Citizenship Programme of Saint Lucia to promote itself and for investors from all over the globe to find out about the extensive benefits of investing in their CIP Programme.

Click Here for More Information »

Barbados Ministry of Education and Center of Science and Industry (COSI) Launch STEM Learning Lunchbox Initiative

Honorable Kay McConney, Minister of Education for Barbados and COSI distribute hundreds of science kits to youth to promote science and technology on the island

CARIBPR WIRE, Bridgetown, Barbados, Aug. 26, 2022: Honorable Kay McConney, Minister of Education for Barbados and the Center of Science and Industry (COSI), the “#1 Science Museum in the Country” as voted by USA Today’s 10Best, are coming together to kick off a new initiative to deliver hands-on science, technology, engineering and math (STEM) kits, called Learning Lunchboxes, to inspire youth and families.

The Learning Lunchboxes are fun, hands-on kits that provide five, learning activities that showcase the diversity of STEM. COSI distributed over 400 NASA-themed Space kits, which have over 10 hours of content around space, at this event today and will distribute an additional 100 Virgin Hyperloop kits to high school students in the fall. The event featured fun, science experiments for both youth and families in attendance as well as members of the Ministry of Education for Barbados and leaders from the community.

“COSI’s mission is to engage, inspire and transform lives and communities. The importance of STEM education cannot be understated, and COSI is bringing access and exposure to STEM internationally with our STEM education kits and our Learning Lunchbox program,” said Dr. Frederic Bertley, president and CEO of COSI. “We are thankful for the partnership with the Barbadian Government, the Honorable Minister Kay McConney and the team at the Ministry of Education, Technological and Vocational Training. We are grateful for this first program towards a long-lasting partnership with Barbados, and hope to expand the program throughout the Caribbean, bringing science literacy and fun to more learners through COSI.”

“We have worked hard together smartly, but this partnership only started a few months ago. The partnership with COSI serves to demonstrate how quickly, with the right partners, we are able to make science happen for our students,” said Honorable Kay McConney, minister of education for Barbados. “It doesn’t take years, it only takes a willing government, competent partners and excited children to get you on your path to the next great thing.”

COSI has traditionally distributed kits at local food banks across the U.S. and around the world to help feed hungry lives and feed hungry minds. This innovative, community-based model brings together other informal and formal education leaders to highlight the importance of STEM and to help bridge the education gap.

COSI recently partnered with NASA and the U.S. State Department to showcase STEM innovation through the Learning Lunchboxes at the World Fair in Dubai. COSI has also distributed these kits in London, Paris and other countries.

For more information, please visit COSI.org/connect.

# # #

Media Link Only: To download high-quality images of the event, please click here. Credit all assets, “Courtesy of COSI.”

About COSI
COSI, the “#1 Science Museum in the Country” as voted by USA Today’s 10Best, is an esteemed science center that has delighted Central Ohio, with all things science for 58 years, inspiring interest in science, technology, engineering and math (STEM) topics and delivering our experiential, “hands-on fun” brand of learning. As a trusted educational resource for families, schools and community partners, COSI is an essential element of our community, engaging more than one million people annually through onsite, offsite and online experiences.

Attachments

Click Here for More Information »

Dominica tops the CBI Index for sixth consecutive time, scores full marks in six out of nine pillars

CARIBPR WIRE, Roseau, Aug. 23, 2022: The Commonwealth of Dominica came out tops in the annual CBI Index, a rating system designed to measure the performance and appeal of global citizenship by investment (CBI) programmes across a diverse range of indicators.

The CBI Index is intended as a practical tool to compare CBI programmes as a whole and specific aspects of each programme. These aspects are reflected by the CBI Index’s nine pillars which Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

Number one for six consecutive years, Dominica beat 11 other nations with active citizenship by investment programmes and scored full marks in the areas of Minimum Outlay, Mandatory travel or residence, Ease of Processing, Due Diligence, Family and Certainty of Product.

These nations include Antigua and Barbuda, Austria, Cambodia, Egypt, Grenada, Jordan, Malta, Montenegro, St Lucia, Turkey and Vanuatu.

“For the last 29 years we have ensured that our CBI programme really meets the needs of an ever-changing global investor. We’re proud to yet again be ranked as one of the best CBI offering in the world and look to increase our scores across all nine pillars next year,” commented Dominica’s Prime Minister, Dr Roosevelt Skerrit.

Dominica continues to be on a concerted drive to offer investors – through its Economic Diversification Fund and government-approve real estate options – a reliable safe haven amidst the constant global upheavals. Accompanied by a robust due diligence process, Dominica uses a multi-layered process in partnership with third-party due diligence firms from the USA and the UK, investors can be confident that they are buying a product that will enhance their portfolio.

Dominica’s scoring in the nine pillars:

Freedom of Movement: Dominica scored seven out of 10 as the country offers visa-free and visa-on-arrival access to 14 countries across the world, including the globe’s most sought-after business hubs.

Freedom of movement within and between countries is paramount to global investors seeking second citizenship and this year, the Index placed emphasis on the total number of countries and territories that can be visited without applying for a visa.

Standard of Living: Dominica scored five in this area due to its low average expected years of schooling, but it must be noted that the country has the highest life expectancy at 78.2 and a perfect freedom score when compared to Egypt, Jordan, St Kitts and Nevis and Vanuatu – who also shared the same score.

Minimum Investment Outlay: Dominica received a perfect score of 10 here as the minimum investment outlay for their CBI programme is only US$100,000 per applicant, one of the lowest citizenship investment outlays in the industry.

Mandatory Travel or Residence: As last year, Dominica kept its score of 10 out of 10 as the country does not require mandatory travel or residence in the country for processing its citizenship application.

Citizenship Timeline: Dominica scored a nine in the citizenship timeline pillar. The pillar accesses the duration to get the application processed.

Ease of Processing: The citizenship by investment unit of Dominica continues to make the application process straightforward and more robust, helping the country secure a score full marks in this area.

Due Diligence: Dominica is recognized for its stringent and comprehensive due diligence checks on applicants seeking second citizenship and once again retained the score of 10 for due diligence processing. The country requires the provision of either fingerprints or a biometric passport and has robust external due diligence procedures that are undertaken by internationally renowned third-party due diligence firms.

Family: As Dominica allows main applicants to add additional dependents under a single application, once again making it easy to bring in additional family members, the country scored 10 under this pillar.

Certainty of Product: Dominica, along with St Kitts and Nevis, attained a perfect score for Certainty of Product Pillar thanks to the programme’s longevity, popularity, renown, stability, and adaptability. The CBI Index also lauded Dominica for its transparent two-track investment routes.

Regarded as an industry voice and reputable benchmark for CBI programmes across the globe, this year’s CBI Index offers readers a glimpse of the possibility that could in the CBI industry should all relevant parties cooperate.

The current turmoil has certainly brought a negative spotlight to the investment migration industry and overlooked the fundamentals of CBI – offering honest, hardworking families and entrepreneurs to explore and participate in meaningful global opportunities, especially where they have been let down by their own home countries.

Findings in the CBI Index state that in 2023, it is predicted over 125,000 millionaires will look to relocate to more secure and attractive destinations around the world and this trend is expected to continue and increase to 2030. Political fragmentation, instability, social polarisation are some of the reasons why investors look for second citizenship options.

It is for this reason that countries like the Commonwealth of Dominica are a popular investment choice, offering political and economic stability, a currency pegged against the US-dollar and, even more appealing is an eco-conscious government working its way to be carbon-neutral and sustainable.

“People who invest in our programme can be 100% sure that they are also investing in a country that cares about the planet and one that is taking tangible, measurable steps to protect the planet,” continues Prime Minister Skerrit.

The CBI Index is the world’s most definitive guide on citizenship by investment and is published today by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners.

Download and read the full report here.

Click Here for More Information »

CBI Index 2022 offers a glimpse into the future of the citizenship by investment industry: CS Global Partners

CariibPR Wire, London, Aug. 22, 2022: The world’s most definitive guide on citizenship by investment, the CBI Index, was published today by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners and offers readers a view of an industry in metamorphosis.

Released amid a year that has, again, been marked by heightened uncertainty, increased security risk, political instability and intensifying calls to act on the global warming threat, the CBI Index comes at a time when most individuals are reassessing the base they call home and are looking for more stable environments that not only offer security but business, health and education opportunities for generations to come.

Despite a tumultuous global environment and an investment industry harrowed by scrutiny from the EU and USA, this year’s CBI Index hints at opportunity amidst the chaos – opportunity for the CBI industry to evolve and perhaps be the answer to those who look to it to harness the world’s offerings.

Often thought of as a Plan B, the CBI Index infers that in a post-pandemic reset, there has been a shift in trust away from government as individuals obtain second, or multiple citizenships, and take control of their destinies. The new global citizen will look to invest in ‘Plan A’ and a more positive future for people and planet.

While the CBI Index is a rating system designed to measure the performance and appeal of global citizenship by investment (CBI) programmes across a diverse range of indicators, it is also a voice for the industry and a forward-looking manual that offers readers a glimpse of what the industry could be provided that industry players come together and shape its regulatory environment to benefit not only host countries, but citizens around the world who have realised that home need not be their place of birth, but where opportunities lie.

This Index is intended as a practical tool, both for those who wish to compare CBI programmes as a whole and for those who wish to compare specific aspects of each programme.

Its purpose is to provide a rigorous and systematic mechanism for appraising programmes, to facilitate the decision-making process for individuals considering them, and to bring value to the CBI industry.

The CBI Index assesses all countries with operational CBI programmes, which, in 2022, include Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Kitts and Nevis, St Lucia, Turkey and Vanuatu.

The CBI Index rates CBI programmes according to these nine pillars: Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

Freedom of Movement measures the relative strength of each country’s citizenship based on three equally weighted factors: the number of destinations to which a country’s passport allows travel without restriction, the number of prime business hubs to which it provides access, and the degree to which a given citizenship provides settlement rights in other nations.

The Standard of Living pillar is a measure of the quality of life offered by the 13 CBI jurisdictions under assessment and this pillar is vital to those who yearn to relocate and secure a prosperous and fulfilling lifestyle. Similarly, it is key to those wanting to take advantage of local business opportunities or needing to transfer and safeguard their assets.

The Minimum Investment Outlay pillar measures one of the most practical and foremost considerations of CBI – how much capital is required for the investor to become an eligible applicant for the programme of their choosing. The cost of applying for CBI increases with the number of dependants — or qualifying family members — included in an application. In some jurisdictions this increase is proportional, while in others the cost only increases following the inclusion of multiple dependants.

Mandatory Travel or Residence examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship.

The Citizenship Timeline pillar looks at the average time taken for citizenship to be secured by the applicant.

The Ease of Processing pillar measures the end-to-end complexity of the CBI application process. In some jurisdictions, the application process can be a labour-intensive and painstaking task that is time-consuming for the applicant; in others, it is streamlined, and the applicant receives clear directives on how to proceed. The overall effortlessness of the application process is a particularly important component, and the promise of a smooth, hassle-free process can generate readiness to engage with a programme.

The Due Diligence pillar focuses on each nation’s commitment to ensuring that their programme remains transparent and effective at evaluating potential candidates for citizenship. It is therefore a measure of each programme’s integrity.

The Family pillar measures the extent to which investors can obtain citizenship for their immediate and extended family. The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application.

Lastly, Certainty of Product encompasses a range of factors that measure a programme’s certainty across five different dimensions: longevity, popularity and renown, stability, reputation and adaptability. Additionally, it assesses a programme’s responsiveness to major global events, such as the Covid-19 pandemic and the war in Ukraine that have had a significant impact on global mobility and due diligence requirements.

As the CBI industry undergoes its own challenges and metamorphosis, the CBI Index gives worldly investors a reliable analysis of reputable programmes that will enable them to choose second citizenship in destinations that will fulfil their needs.

Download the full report here to see which of the thirteen countries took top spot and gain further insight into the CBI industry.

Click Here for More Information »

Burna Boy and Omah Lay announced as artistes for Dominica’s World Creole Music Festival

ROSEAU, Dominica, Aug. 19, 2022 /PRNewswire-HISPANIC PR WIRE/ — Dominica’s Minister for Tourism, International Transport and Maritime Initiatives, Hon. Denise Charles, announced two new artistes to perform at Dominica’s World Creole Music Festival carded for October 28 – 30, 2022 at the Windsor Park Sports Stadium.  Grammy award winning Nigerian afrobeat sensation Burna Boy will be the headliner on the festival stage to crone his popular melodies such as “Last, Last” with his unique fusion of dancehall, reggae, afrobeat and pop music. Burna Boy recently released his sixth studio album Love, Damini which debuted at #14 on the Billboard Top 200 and continues to rank high on Apple Music in 47 countries.  Joining Burna Boy on stage will be rising Nigerian musical star Omah Lay with his catchy afrobeat tunes such as “Lo Lo”, “You” and “Do Not Disturb.”

The announcement came one week after the official launch of 21 artistes slated to perform at the World Creole Music Festival’s 22nd edition.  Minister Charles extended an invitation to visitors to “come to Dominica to have a cultural immersion, second to none for the entire month and for the week leading to the festival.”

Partners for the 22nd World Creole Music Festival include the National Bank of Dominica, Tropical Shipping, Coulibri Ridge, Tranquility Beach Resort, Digicel and DOWASCO.

Nightly tickets cost EC$150/ US$58 and season tickets cost EC$375/ US$144. The current special rate for Party VIP is EC$960/ US$369 season pass or EC$350/ US$135 nightly while stocks last. Village VIP tickets at the special rate are currently sold out but will be released at the new rate soon. Tickets can be purchased online at https://dominicafestivals.com/wcmf-home/ or at the box office.

For more information on Dominica’s World Creole Music Festival contact the Dominica Festivals Committee at 767 448 4833. Or visit the official website: www.DominicaFestivals.com or follow Dominica Fests on Instagramhttp://www.twitter.com/DominicaFests and Facebook.

For more information on Dominica, contact Discover Dominica Authority at +1 767 448 2045.

Click Here for More Information »

Royal Caribbean Group acquires cruise ship Endeavor, growing Silversea Cruises’ expedition offerings

MIAMI, July 18, 2022 /PRNewswire-HISPANIC PR WIRE/ – Royal Caribbean Group (NYSE: RCL) today announced it has received court approval to acquire the ultra-luxury cruise ship Endeavor. Originally delivered to Crystal Cruises in 2021, the ship will be renamed Silver Endeavour when it officially joins the Group’s wholly owned subsidiary, Silversea Cruises’ fleet, this month.

The purchase price for the vessel was $275 million, significantly below the cost of construction. The vessel was fully financed through a 15-year unsecured term loan, guaranteed by the German export credit agency, Euler Hermes, with no amortization payments in the first two years. The acquisition is expected to be immediately accretive to earnings, cash flow and ROIC.

“With Endeavour, we are seeking to grow our world class fleet to meet the exceptional demand for ultra-luxury expedition cruising, while also enhancing our profitability profile and affirming Silversea’s position as the industry’s leading ultra-luxury and expedition cruise line,” said Jason Liberty, president and CEO, Royal Caribbean Group.

Built to PC6 polar class specifications, the ship can operate all of Silversea’s current expedition itineraries and is designed specifically to take travelers to the world’s most remote destinations, including both polar regions.

“The expedition cruising industry is poised to resume accelerated growth driven by demand among high-end, affluent customers for travel to remote and hard-to-access destinations,” said Roberto Martinoli, president and CEO, Silversea Cruises. “This ship will be the fourth vessel to join Silversea’s fleet since 2020, which demonstrates our commitment to growth.”

Silver Endeavour offers the highest standards in the industry in terms of space-per-guest ratio, and crew-to-guest ratio, as well as top-notch accommodations and public areas. The ship’s state-of-the-art expedition amenities offer guests some of the most immersive and luxury experiences available, including traveling with a fleet of zodiac boats for remote exploration.

“Delivering the best vacations in the world, responsibly, is Royal Caribbean Group’s purpose,” Liberty said. “While our acquisition only covers the physical vessel, we want all of our guests to know we go above and beyond to take care of them.”

As part of the ongoing RCL Cares program, Royal Caribbean Group will protect the deposits of guests who were originally booked on Crystal Endeavor and make a new booking on one of the Group’s global brands – Royal Caribbean International, Celebrity Cruises and Silversea Cruises.

“We believe those Crystal guests will receive back their deposits, but we want to give them added assurance,” Liberty added.

To the extent the Crystal Endeavor guests do not receive their deposits back from Crystal or other sources, the Royal Caribbean Group will refund any amount paid on their new booking up to the amount of their lost deposits from Crystal. Complete terms of the offer will be provided on each brand’s website soon.

Silver Endeavour is scheduled to begin service winter 2022/2023, spending its inaugural season in Antarctica starting November 2022.

About Royal Caribbean Group
Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 63 ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award-winning cruise brands: Royal Caribbean InternationalCelebrity Cruises, and Silversea Cruises, and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an additional 10 ships on order as of June 30, 2022. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.

Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the company’s expectations and projections regarding growth in the expedition cruising industry, customer demand, and profitability. Forward-looking statements reflect management’s current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, those discussed under the caption “Risk Factors” in our most recent quarterly report on Form 10-Q, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Logo - https://mma.prnewswire.com/media/1213007/RCG_Logo.jpg

Click Here for More Information »

The Dominican Republic Fully Committed to Hosting the 2022 FCCA Cruise Conference

MIRAMAR, Fla., June 22, 2022 /PRNewswire-HISPANIC PR WIRE/ — Florida-Caribbean Cruise Association (FCCA) is pleased to announce that the Dominican Republic will host the 2022 FCCA Cruise Conference, the only official cruise conference representing the Caribbean, Mexico and Central and South America. Taking place in Santo Domingo from October 11-14, the event will feature a series of meetings, workshops and networking opportunities with an expected 100 high-level executives from FCCA Member Lines, which represent more than 90 percent of global ocean cruising capacity. It will also allow the Dominican Republic to showcase its potential for increased benefits from cruise tourism and help the destination fulfill targeted objectives.

“I am thankful for the continued partnership with the Dominican Republic that paved the way to hosting the FCCA Cruise Conference,” said Micky Arison, Chairman of Carnival Corporation and FCCA. “This will be a crucial time and place for the industry gather to continue cruise tourism’s recovery, and it is a testament to the country’s commitment.”

All Conference participants will have access to workshops led by cruise executives and successful stakeholders, including ones focused on tour operators and increasing local employment and sourcing opportunities.

Participants will also have opportunities to interact with the expected 100 cruise executives during a series of meetings – including one-on-one meetings – and networking functions throughout the event, which will be celebrating FCCA’s 50th anniversary.

Additionally, the Dominican Republic will showcase some of the best to see, eat and hear in the destination for cruise guests, along with what its opportunities for growth that hosting the event has historically driven.

Before, during and after the event, FCCA will work with the Dominican Republic toward its goals of developing a new cruise terminal in Samana and increasing demand for Sans Souci Terminal in Santo Domingo. FCCA is also partnering with the Dominican Republic on initiatives focused on cruise lines hiring citizens, cruise ships sourcing local goods, and increasing the already high percentage of cruisers that return as overnight guests.

More details about and registration for the event will be announced in the coming months and available at www.FCCAConference.com.

About Florida-Caribbean Cruise Association (FCCA)

Created in 1972, FCCA is a not-for-profit trade organization representing mutual interests of the cruise industry and destinations’ private and public sectors. For more information, visit F-CCA.com and @FCCAupdates on FacebookInstagram and Twitter.

Click Here for More Information »

THE DAVOS ALZHEIMER’S COLLABORATIVE LAUNCHES INNOVATIVE EARLY DETECTION EFFORT

Seven Flagship Pilot Sites Aim to Measurably Increase Timely, Accurate Diagnosis of Alzheimer’s

  • Unique global collaboration to prepare health systems for a future with new Alzheimer’s treatments
  • Pioneering use of blood-based biomarkers with digital cognitive assessments in primary care
  • Innovative, culturally relevant methods that can scale in high, low-and middle-income countries

CARIBPR WIRE, New York, NY, May 3, 2022: The Davos Alzheimer’s Collaborative (DAC) today announced that people with or at risk of Alzheimer’s in six countries will soon have an opportunity to participate in a pilot program designed to increase access to early detection and diagnosis of the disease through the use of innovative new screening tools, which is an essential step to provide better care today, and to prepare for the future availability of treatments. DAC is launching seven pilot sites beginning this month in the US, Scotland, Jamaica, Japan, Mexico and Brazil.

“We are finding enormous appetite from healthcare systems around the world to prepare for future Alzheimer’s treatments, but first we must help healthcare systems adapt to early detection,” said George Vradenburg, Founding Chairman of the Board, Davos Alzheimer’s Collaborative, and Convener, The Global CEO Initiative on Alzheimer’s Disease. “By working directly with medical professionals, researchers, people at risk, and patients, these sites will utilize cutting-edge technology to change the way we deliver care, and help prepare healthcare systems to get the right treatments to the right patients at every stage of the disease.”

The pilot sites will use simple digital cognitive assessment tools to detect the signs of the disease early, and innovative blood biomarkers to help evaluate the cause of identified symptoms. The goal is to measurably increase rates of timely and accurate diagnosis to put people on the correct person-centered care pathways and mitigate the impact of Alzheimer’s disease on the individual and their family.

Digital cognitive assessments such as Linus Health’s Core Cognitive Evaluation, Cogstate’s Cognigram, and Cognivue’s Clarity will be made available to the pilot sites, reducing the need for broad neuropsychological testing, which is time consuming for patients and requires specialized physicians for administration. Digital cognitive assessments also mark a significant technological advance over paper-and-pencil tests in terms of reliability and objectivity. DAC program sites are training other healthcare professionals to administer the digital cognitive assessments. In some cases, it can be administered via a tablet in the patient’s home, marking a dramatic step forward in terms of access and ease-of-use.

The blood-based biomarker, known as the PrecivityAD™ test, is a technology developed by specialty diagnostics company, C2N (St. Louis, MO). The test will aid in the accurate diagnosis of Alzheimer’s disease, and reduce the need for expensive, hard-to-access, more advanced tests.

“We’re proud and excited to play a key role in DAC’s groundbreaking work to enable Alzheimer’s early detection on a global scale,” said Dr. Joel Braunstein, Co-Founder and CEO of C2N Diagnostics. “Harnessing the power of advanced diagnostics like our PrecivityAD test at DAC’s pilot sites will accelerate the fight to end Alzheimer’s.”

“DAC and the flagship pilot sites are driving new tools into the front lines of care. This is important to help patients today, and develop the data we need to better detect, treat and ultimately prevent this devastating disease,” said Stephen Friend, Founder and Chairman of the Board of Sage Bionetworks, Visiting Professor of Connected Medicine, and President 4YouandMe.

The pilot sites will provide localized care and treatment for individuals and develop models for broader healthcare systems to study and adopt. DAC Learning Labs, a network of governments, public health and healthcare system leaders, will provide a forum for sharing best practices that can be scaled globally.

About the Davos Alzheimer’s Collaborative

Launched at the World Economic Forum’s 2021 meeting on The Davos Agenda, The Davos Alzheimer’s Collaborative is a multi-stakeholder partnership committed to aligning stakeholders with a new vision for our collective global response against the challenges Alzheimer’s presents to patients, caregivers and healthcare infrastructures. Convened by The World Economic Forum and The Global CEO Initiative on Alzheimer’s Disease (CEOi) and fueled by a mission of service to the estimated 150 million families and half a billion people inevitably impacted by this disease by 2050, DAC is a collaborative for the benefit of all people, in all places.

About DAC’s Healthcare System Preparedness Project

DAC’s Healthcare System Preparedness Project is funding innovative approaches that measurably increase rates of cognitive screening, early detection and accurate diagnosis of Alzheimer’s. The pilot projects are: AdventHealth Central Florida, FL, USA; Municipality of Volta Redonda, State of Rio de Janeiro, Brazil; Alzheimer Scotland; University of the West Indies (UWI), Caribbean Institute for Health Research, Jamaica; Kobe University, Japan; INGER/National Institute of Geriatrics, Mexico; and, Indiana University School of Medicine/Indiana University Health, IN, USA. These initiatives are incorporated into DAC Learning Labs, a network of governments and public health and healthcare system leaders, to share best practices that can be scaled globally.

###

NOTE: To join an upcoming Learning Lab such as Meeting of the DAC Learning Laboratory: Driving Early Detection Across Aging Societies, planned for May 17, 2022, click here. This Lab will feature DAC healthcare system pilot sites and demonstrate the first of many collaborative exchanges championed through DAC’s initiatives.

Attachment

Click Here for More Information »

Flex Seal Expands Retailers in the Caribbean

WESTON, Fla., May 3, 2022 /PRNewswire-HISPANIC PR WIRE/ – The global Flex Seal® Family of Products is filling gaps, cracks and holes across the Caribbean. And many of their products are now available at a variety of retailers in Barbados, Bermuda, Guyana, Puerto Rico, Trinidad and Tobago, and St. Lucia.

Available products include Flex Seal, Flex Tape®, Flex Glue®, Flex Seal Liquid®, Flex Shot® and the Flex Seal Mini® products, each in a variety of their respective colors. These products are available at over 30 locations in-store and on some websites.

“The whole Flex Seal Family joins me in the excitement of this new opportunity and growth for our company,” said Phil Swift, CEO, Inventor and Spokesperson. “We are proud to partner with these new retailers and expand our offering of products to more countries globally.”

It’s important to protect your home and property during the storm season, and The Flex Seal Family of Products is there for you. Each product is useful for a variety of fixes and weatherizing around the home.

About The Flex Seal Family of Products
Swift Response, LLC is the distributor and marketer of The Flex Seal® Family of Products. Founded in 2011, the company provides a variety of DIY home repair and maintenance products specializing in waterproofing, adhesive, bonding and sealing.

Logo - https://mma.prnewswire.com/media/1158617/Flex_Seal_Logo.jpg

Click Here for More Information »

Caribbean Nationals Wanted For Heart Study

CaribPR Wire, FORT LAUDERDALE, FL, Sat. Jan. 22, 2022: A US study is putting the spotlight on Afro-Caribbean nationals who have heart disease, or have been diagnosed with Transthyretin Amyloid Cardiomyopathy, (ATTR-CM).

Afro-Caribbeans with lived experiences can now share their story via a national, qualitative study and get paid if they are considered a good candidate.

The national study is intended to deepen understanding of Afro-Caribbean people suffering heart issues, including heart failure and related health conditions, such as high blood pressure, obesity, diabetes, etc.

“We are focused on the Afro-Caribbean community due to a higher prevalence of heart failure and specifically Transthyretin Amyloid Cardiomyopathy (ATTR-CM),” said Donna Fullerton, Research Partner at Now What. “It is well-established that the broader Black community is disproportionately affected by ATTR-CM, which is driving our attention here. We are looking to speak with, hear stories from, and understand the nuances within the Black community so that future communications and resources around disease awareness and treatment options will be culturally relevant and appropriate and hopefully lessen the health disparities we see today.”

To qualify, Afro-Caribbeans must be between ages 45-75, live in the US, and have been diagnosed with heart failure. Qualified participants will be paid $200 compensation for 2.5 hours of engagement, answering questions and completing activities over a computer or smartphone.

Participants who make the first round of the study, must also be open to take part in a follow-up 75-minute zoom call, for an additional $150.

If you feel you qualify, complete a short pre-qualification survey at: tinyurl.com/heartresearch before January 31st.

“The online exercises will ask people questions about their culture, their community, their thoughts about health and the healthcare system, and their experiences living with a heart condition,” added Fullerton. “All of our questions are designed to be respectful and empathetic – we only ask people to share what they are comfortable sharing and always respect people’s privacy.”

Heart diseases, such has coronary heart disease and heart failure, are more common in Blacks, than other ethnic groups — and so are the other cardiovascular diseases such as stroke and peripheral artery disease. Health issues like obesity, high blood pressure and diabetes can increase a person’s risk of heart failure. People of African heritage have higher rates of heart failure, hospitalization and death from the disease, according to national data.

Although care of patients with Heart Failure, HF, has improved in the past decade, important disparities in HF outcomes persist based on race/ethnicity. Recent scientific data shows that age-adjusted HF-related cardiovascular disease death rates are higher for Black patients, particularly among young Black men and women whose rates of death are 2.6- and 2.97-fold higher, respectively, than White men and women.

Similarly, the rate of HF hospitalization for Black men and women is nearly 2.5-fold higher when compared with Whites, with costs that are significantly higher in the first year after HF hospitalization.

While the relative rate of HF hospitalization has improved for other race/ethnic minorities, the disparity in HF hospitalization between Black and White patients has not decreased during the last decade.

The ultimate goal of this ongoing, targeted research is to learn from and speak with members of the Afro-Caribbean community so that future communications and resources around disease awareness and treatment options will be culturally relevant and appropriate, in order to hopefully lessen the health disparities currently.

EDITOR’S NOTE: A Photo for use with this story is available HERE

Click Here for More Information »

As Mid-Terms Gear Up A Caribbean American Voter Leverages Educational Products To Empower The Disenfranchised

CARIBPRWIRE, WASHINGTON D.C., Thurs, January 6, 2022: Caribbean-born, US voter, Juliette Adams, a thought advocate and creator of The Frederick Press, has launched a creative, civic education tri-initiative to empower the politically disenfranchised in the U.S.

Launched on January 1, 2022, Education/Actions/Self-Investments, (EASI), was created within the framework of the Gifted & Magical 95 Percent (G&M 95%) series, a five-book political tool kit.

As Congresswoman Yvette Clarke highlighted at the Caribbean American Voter 2020 Townhall, low self-esteem contributes to the community political apathy, a feeling of powerlessness, and hopelessness, disenfranchisement and damaging the direction of one’s destiny in democracy.

Deployment of an EASI vehicle assists as an educational solution, said Adams.

The Funding vehicles, ‘A Human Capital Star – Civic Education Thought Initiative,’ is on Kickstarter and continues through January 28th.

‘Gifting Knowledge For Democracy Preservation,’ is on GoFundMe and ‘Legislative Input – Powering Economic Democracy,’ on Indiegogo, continues through February.

The community can opt to become revitalizing democracy players through creative and innovative civic education advocacy with the projected mid-term sweep of the House and Senate seats by Republicans.

Adams believes that a fundamental reason for Caribbean-American political firsts is their personalized cultural democracy, strong spirituality, love of freedom, and high education prioritization. Firsts include Caribbean American Congresswoman Shirley Chisholm (D – NY), Vice-President Kamala Harris, whose roots extend to Jamaica, (D), Congresswoman Mia Love, whose roots extend to Haiti, (R – UT) , and Lieutenant Governor-Elect, Jamaican Winsome Sears (R -VA).

EASI also applies to the underserved white community, evident in the September 18, 2021 rally. It highlights the powerful Trademark of Education in competitive politics, as the issue unexpectedly switched the VA governorship to Republican Glenn Youngkin and his running mate, Caribbean American Winsome Sears.

If the Virginia “Education” win directs mid-term campaigns, the Caribbean American community has an EASI route to be recognized for its substantial contributions, and the influence to direct national and regional policy, said Adams.

The Caribbean American thought advocate added: “It manifests Warren Buffett’s words: ‘Philanthropy is harder than business. You are tackling important problems that people with intellect and money have tackled in the past and had a tough time solving. So, the search for talent in Philanthropy should be more important than the search for talent in investment.’”

Educate, Inform, Embolden, Engage/Empower the EASI way, said Adams. “Support an EASI Grassroots Philanthropic Civic Education today.”

MEDIA CONTACT

Juliette Adams

202-733-0408

[email protected]

The Frederick Press


EDITOR’S NOTE: PHOTO FOR USE WITH PRESS RELEASE CAN BE ACCESSED HERE

Click Here for More Information »

Chuck E. Cheese Signs New Development Agreements In Qatar, Suriname And Guyana

Three new countries will soon experience the world’s number one family entertainment restaurant brand, Chuck E. Cheese, adding to an already rapid expansion story for Chuck E. Cheese internationally

DALLAS, Dec. 6, 2021 /PRNewswire-HISPANIC PR WIRE/ – Chuck E. Cheese, the global family entertainment brand, continues to drive international expansion and has successfully signed development agreements in three new countries across South America and in the Middle East. This adds to the rapid ongoing international expansion of the brand already announced in new regions like Egypt, Morocco, Romania and Kuwait, and sets Chuck E. Cheese on track to have over 100 international locations by 2022.

Chuck E. Cheese

“Investors and entrepreneurs continue to recognize Chuck E. Cheese as a high ROI opportunity within their local markets,” says Arun Barnes, COO & SVP of international development for CEC Entertainment. “With a unique business model that is unmatched in the Family Entertainment Center (FEC) landscape, we are the brand that can have an immediate impact in almost any country around the globe, while providing a reliable cash flow for franchise partners who have a passion for family entertainment.”

One of the most effective avenues of growth is through existing franchisees who see success in their own regions, such as franchise partner Joanna Rostant of Yay! Entertainment in Trinidad & Tobago who has signed to expand the brand through sub franchising into Guyana and Suriname. The first site at Suriname is under construction and scheduled to open in the first half of 2022.

Joanna Rostant stated, “We are thrilled to partner through a sub franchise arrangement with Sasja Lie Pauw Sam and his team at Blue Falcon N.V. to bring the joy of Chuck E. Cheese to families in Suriname. We note with confidence Suriname’s recent discovery of substantial volumes of hydrocarbons, and in keeping with the recent IMF forecasts, believe that Suriname will experience strong positive economic growth in the next couple of years. For these and other socio-economic reasons, we believe that the world’s leading family entertainment brand will be thoroughly enjoyed by children and families in Suriname.”

“It makes sense for Caribbean markets, and we are thrilled that Joanna’s strong operating model has positioned her company well to achieve and lead this exciting expansion. We look forward to her success in Suriname, and later in Guyana,” added Arun Barnes.

In addition to the Caribbean, Chuck E. Cheese has also partnered with new franchise partners, Benchmark Hospitality Services, to expand new locations across Qatar throughout the next few years.

“Working with the CEC International team is a pleasure,” said Yanni Jouaneh, franchise owner and CEO of Benchmark Hospitality Services. “They have great systems and processes to support international franchising, and our business feasibility survey of the brand showcased a unique opportunity to bring in a highly profitable brand into Qatar’s exciting market landscape. There is no other brand that offers a great mix of games, food, entertainment and birthday parties. Qatari families with kids will soon experience the joy of Chuck E. Cheese nearer to their home.”

For franchising interests or to learn more about how to bring the joy and profits of Chuck E. Cheese to your market, please visit the all-new international franchising website where you can discover all of the latest news and exciting expansion plans.

About CEC Entertainment, Inc.

CEC Entertainment is the nationally recognized leader in family entertainment and dining with its Chuck E. Cheese, Peter Piper Pizza and, delivery only, Pasqually’s Pizza & Wings brands. As the place where a million happy birthdays are celebrated every year, Chuck E. Cheese’s goal is to create positive, lifelong memories for families through entertainment, food and play. Committed to providing a fun, safe environment, Chuck E. Cheese helps protect families through industry-leading programs such as Kid Check®. As a strong advocate for its local communities, Chuck E. Cheese has donated more than $19 million to schools through its fundraising programs. The Company and its franchisees operate a system of nearly 600 Chuck E. Cheese and 120 Peter Piper Pizza venues, with locations in 47 states and 17 foreign countries and territories. For more information, visit our website or connect with us on social media.

Logo - https://mma.prnewswire.com/media/1513827/Chuck_E_Cheese_Logo_Logo.jpg

Click Here for More Information »

Ankura Appoints Fernando Batlle as First LATAM Chairman

Brings Wealth of Management Experience to Expansion Efforts in Latin America & the Caribbean

NEW YORK, Oct. 4, 2021 /PRNewswire-HISPANIC PR WIRE/ — Ankura Consulting, a global expert services and advisory firm, today announced the appointment of Fernando Batlle as the Firm’s first Chairman of its Latin America & Caribbean (LATAM) region. Mr. Batlle’s new position as LATAM Chairman underscores Ankura’s commitment to strengthening its presence in the region and to offering an expansive suite of solutions for clients across the world.

Ankura (PRNewsfoto/Ankura)

“We are thrilled to have an experienced executive like Fernando lead our growing LATAM team. This is a critically important region to many of our clients, and Fernando’s addition bolsters our ability to support them in the market,” said Ankura’s Chief Executive Officer, Kevin Lavin. “Fernando brings broad industry expertise complemented by a deep connection to and knowledge of the regional landscape, and truly embodies the collaborative culture at Ankura.”

Prior to his appointment as LATAM Chairman, Mr. Batlle served as a Senior Managing Director at Ankura and helped establish the Firm’s position in the turnaround and restructuring market. He holds three decades of leadership and executive experience in both the private and public sector, with a proven track record of executing turnarounds and growing businesses at high profile financial institutions. Mr. Batlle has provided strategic and financial advisory for the Government of Puerto Rico throughout the largest municipal bankruptcy in U.S. history. He has held senior leadership positions in commercial and investment banking, securities brokerage, asset management, and public finance. His multiple areas of expertise encompass financial services, energy, capital markets, public-private partnerships, implementation of performance improvement and major transformation initiatives and debt restructuring. He has extensive experience advising governments, state-owned entities, and businesses on strategic and financial matters from development of comprehensive financial plans to economic strategy, debt management strategy, and governance.

“I look forward to growing our team and presence in Latin America and the Caribbean so that we are optimally positioned to address the complex business and financial issues our current and prospective clients face in the region,” said Mr. Batlle. “I’m honored to assume this new position and to advance the Firm’s commitment to developing innovative solutions and driving impactful results for our clients’ continued success around the world.”

Mr. Batlle holds an MBA from Harvard Business School and a BS from Northeastern University.

About Ankura

Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to change, risk, disputes, finance, performance, distress, and transformation. The Ankura team consists of more than 1,500 professionals in 34 offices globally who are leaders in their respective fields and areas of expertise. Collaborative lateral thinking, hard-earned experience, expertise, and multidisciplinary capabilities drive results and Ankura is unrivaled in its ability to assist clients to Protect, Create and Recover value. For more information, please visit, www.ankura.com

Logo - https://mma.prnewswire.com/media/659817/ankura_Logo.jpg

Click Here for More Information »