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News
Hillary Clinton announces programme to create jobs
— Spur growth
BY MARK CUMMINGS Senior staff reporter cummingsm@jamaicaobserver.com
Friday, June 24, 2011
ROSE HALL, St James — US Secretary of State Hillary Clinton has announced an initiative aimed at helping members of the Caribbean Diaspora to develop and expand employment projects that will generate jobs and economic growth.
The programme is expected to be launched in October by the US Department of State in partnership with the Inter-American Development Bank, through its Compete Caribbean Program, Scotiabank and telecommunications provider Digicel.
"We are launching the Caribbean IDEA Marketplace (CIM), which will foster collaboration between local entrepreneurs and members of the Caribbean Diaspora around the world," Clinton said.
"We hope that working together, they will start businesses and other projects that create jobs and stimulate growth in the region," she added.
Clinton was speaking at a press conference, following a high-level meeting with foreign ministers of the Caribbean Community (Caricom) at the Ritz Carlton Hotel and Spa on Wednesday.
She said CIM will offer members of the diaspora access to capital, as well as technical assistance, to kick-start their businesses.
The Caribbean Diaspora is estimated at about six million people of which roughly half of them reside in the US. It consists of highly-skilled and educated entrepreneurs and is acknowledged as an important engine of growth and development in the US and elsewhere.
Clinton said the main objective of CIM is to engage local, Caribbean and diaspora entrepreneurs to promote high-impact development projects.
It will also seek to create new, cross-sector partnerships for economic and social development and exchange knowledge and create learning networks with diaspora communities.
The US secretary of state also announced the Caribbean Climate Change Adaptation Initiative, which she said will connect the University of the West Indies with American universities to expand research on problems and solutions that are specific to the Caribbean.
Additionally, she said six countries — Jamaica, Antigua and Barbuda, Dominica, the Dominican Republic, Grenada, St Vincent and the Grenadines — will receive grants to support pilot projects in efficient and renewable energy.
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6/25/2011
Let u hope that the who re so entrusted will exercise integrity and not the third culture of corruption.
6/25/2011
Who will monitor the Bank to ensure that access to capital and loans are given to the needy people with the ideas and not just to greedy friends.
Jamaica has a vicious class problem. Some-one must be appointed from the state department to oversee how the bank manages the accounts and who receive access to capital in regards to CIM.
There must be clear standards to access capital.
6/24/2011
enter text,what for..just to leave a comment in your little paper..hopefully you fools not giving our pc info to foreign governments..i know how unnu licky licky....i think hillary clinton spotted the same culprits ,everybody else spotted long ago..the chinese,coming into south america and the west indies and offering to help in nation building...must be an angle,nothing is for free..so thats scary to the usa..russia and china both wealthy,are now competing with the usa and eu..
6/24/2011
We need Mrs Clinton's brain to help us to think about how to create job.
Caribbean leaders real 'coconut head.'
What Mrs Clinton can help us with is how to send corrupt politicians to jail/prison and help to give OCG police powers. Politicians who steal from the government coffers. Police must have the courage to lock them up.
6/24/2011
Simply put, develop sinting that can impact growth on the Caribbean people. Answer, Ganja products. Argument done!!
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