caribbean.winne.comThe Caribbean Reports – World Investment News

Reports Caribbean Antigua & Barbuda Jamaica Middle East Kurdistan Africa Coming Soon Latin America Coming Soon Interviews Company Profiles Videos Events The Caribbean Reports Reports Caribbean Antigua & Barbuda Jamaica Middle East Kurdistan Africa Coming Soon Latin America Coming Soon Interviews Company Profiles Videos Events The Caribbean Reports by World Investment News Antigua & Barbuda The Hub of the Eastern Caribbean Read More Prime Minister Interview Jamaica A Paradise at the Crossroads of Global Logistics Read More Prime Minister Interview A Rising Tide Lifts the Caribbean H aving gone through a difficult period in the past decade, the stars are starting to align for the Caribbean’s incredibly diverse economy to finally achieve its full potential. As funding to PetroCaribe – the preferential payment program through which CARICOM, Cuba and a handful of Central American nations purchased the majority of their oil – started to decrease, Caribbean nations realized they had to diversify their sources of energy in order to sustain their development. This renewed need for energy alternatives found its match in the United States’ increased output of natural gas. In a classic and almost literal case of supply meets demand, U.S. Vice President Joe Biden received Caribbean leaders in Washington DC in January 2015 to discuss the newly created Caribbean Energy Security Initiative (CESI), offering affordable natural gas and encouraging a transition to renewable energy. In April of the same year, President Barack Obama paid Jamaica a rare visit to cement the energy initiative. President Barack Obama joins the 14 leaders and Secretary General from the Caribbean Community (CARICOM) for a group photo at the University of the West Indies. Photo: Pete Souza, Official White House Photo However, CESI was only a small part of the Obama administration’s efforts in the Caribbean, as evidenced by the long-awaited normalization of diplomatic relations between the U.S. and Cuba. As American tourism returns to the embargoed state, many expect ripple out effects for other Caribbean nations as the region enjoys the global spotlight. To look further than the CESI deals, several countries in the Caribbean, such as Jamaica, The Bahamas and Barbados, started to develop renewable energy projects including solar and offshore wind. A Long-Awaited Recovery Having taken a hit during and after the 2008 financial crisis, the financial services and tourism sectors have come back to a healthier level as the global economy recovered and tourists with disposable income returned to the region. Already a major tourism destination for the North American market, the Caribbean is increasingly welcoming visitors from South Asia and China, a trend that should only accelerate once its airports are210-260 iins If you want to pass your ICND1, ICND2 or CCNA exam on the first try, it is essential you have a sound, effective study plan that is proven and other Cisco CCNA students have followed to successfully pass their 200-120, 101-101, or 200-101 tests. At World Investment News, we have developed our own in-house media outlet to provide business travelers and investors greater insight into some of the world’s most interesting countries and regions. COMPANYTeam News FAQ Terms & Conditions Contact HUMAN RESSOURCES Jobs Testimonials Recruitment Videos ADVERTISE WITH US Media Partners Clients © 2017 World Investment News - All Rights...