Shaw Praises IDB’s Regional Activities

first_imgRelatedShaw Praises IDB’s Regional Activities FacebookTwitterWhatsAppEmail KINGSTON – Jamaica’s Minister of Finance and the Public Service, the Hon Audley Shaw, says the Caribbean remains committed to being a vibrant partner in the Inter-American Development Bank’s (IDB) ‘Decade of Latin America and the Caribbean (2010-2019)’. Mr. Shaw, who was speaking on behalf of the English-speaking Caribbean, at the 52nd Annual IDB Board of Governors’ Meeting’s 2nd Plenary Session in Calgary, Canada on Monday March 28, reiterated a call made last year on the IMF and the World Bank Group that the Caribbean, and the multilaterals should move from a partnership for stability to a partnership for growth. The minister’s remarks were made against the background of the Caribbean continuing to trail its Latin American neighbours’ economic performance, both in terms of growth rates and capital inflows. He attributed this to “high levels of public debt” which allow little space for fiscal stimulus. Mr. Shaw expressed gratitude to IDB affiliates – the Inter-American Investment Corporation (IIC) and the Multilateral Investment Fund (MIF) – for their increased activity in the region. He also cited the launch of FINPYME technical assistance and export programmes in Jamaica, Guyana, Barbados and the Bahamas. FINPYME is an IDB diagnostic methodology, used to assist small and medium-sized enterprises to become more competitive and improve their access to financing. He commended the IDB for securing the largest expansion of resources in its history, and for mounting its biggest ever counter cyclical effort, in response to the global economic crisis. In 2010, the Bank processed a record US$12.6 billion in loan approvals, and US$10.8 billion in disbursements to Latin American and Caribbean countries. The Caribbean received a record disbursement of US$914 million, with Jamaica receiving the lion’s share of US$630 million. The IDB is the largest source of development financing for Latin American and Caribbean government agencies and state corporations. Among the most important news for the region coming out of Monday’s final meeting day, was that the IDB and the Export-Import Bank of China (China Eximbank) signed a letter of intent to establish an infrastructure investment mechanism, to finance public and private sector projects in the IDB borrowing member countries. The two institutions also signed a Memorandum of Understanding (MOU) that marks an important first step to set up an investment fund, to forge sustainable economic partnerships between China, Latin America and the Caribbean, by investing in key sectors of interest to both regions. China Eximbank Executive Vice President, Liu Liange, and IDB President, Luis Alberto Moreno, signed both agreements Monday at a ceremony that took place during the meeting.                   RelatedShaw Praises IDB’s Regional Activities By BALFORD HENRY, JIS Editor & Reporter Shaw Praises IDB’s Regional Activities Finance & Public ServiceMarch 29, 2011 Advertisements RelatedShaw Praises IDB’s Regional Activitieslast_img read more

Fear of far-right violence after Jo Cox murder conviction

first_imgBritish police fear far-right violence will rise after Wednesday’s conviction of neo-Nazi Thomas Mair for the murder of Labour MP Jo Cox last June, The Times reported Thursday.Neil Basu, senior national coordinator for counter-terrorism policing, said that there “have been indications that the threat from the extreme right-wing could be increasing and we are alive to this.”The number of racially or religiously aggravated offenses recorded by police in England and Wales went up from 2,926 crimes in 2013 to 4,150 in 2016. Mair was convicted of murdering Cox, a 41-year-old mother-of-two on June 16, Wednesday. The judge said Mair should serve a whole life sentence due to the “exceptional seriousness” of the offense.According to one of Cox’s aides, who testified in court, Mair shouted “Britain first” as he carried out the attack.Anti-fascist campaigners too said that the neo-Nazi movement was becoming more violent and so-called lone wolves could be encouraged by the heated public debate about immigration. Also On POLITICO Brussels to honor slain Jo Cox By Joanna Plucinska Jo Cox murder suspect identifies himself as ‘Death to traitors’ By Tom McTague and Barbara Surklast_img read more

Fisher-Folk in Saint Lucia, Grenada To Benefit From Post Disaster Insurance

first_img Barbados Maritime Affairs Ministry to Co-Host Upcoming… Hurricane Warning Declared as Tropical Storm Nana Approaches… It explained that the Caribbean Oceans and Aquaculture Sustainability Facility acronym COAST, is an insurance product geared at safeguarding the livelihood of fisher-folk in the aftermath of a natural disaster. Read more at: Saint Lucia Times Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… Sep 29, 2020 Sep 2, 2020 You may be interested in… (Saint Lucia Times) Fisher-Folk in Saint Lucia and Grenada are the first in the Caribbean to be covered under a unique insurance policy post the aftermath of a natural disaster. According to a release from the National Competitiveness and Productivity Council (NCPC), with fisher-folk usually counting their losses post the hurricane season they sense relief is finally at hand. The release noted that a team from the World Bank alongside officials from the Caribbean Catastrophy Risk Insurance Facility (CCRIF SPC) were recently on island to launch the first of its kind insurance policy specific to the fisheries sector.center_img CDB to Lend US$70M to The Bahamas and Saint Lucia,… Aug 24, 2020 CRFM, CDEMA sign agreement to enhance disaster management, resilience in fisheries(CRFM)—The Caribbean Regional Fisheries Mechanism (CRFM) recently signed a memorandum of understanding with the Caribbean Disaster Emergency Management Agency (CDEMA) to enhance comprehensive disaster management and climate change resilience in the fisheries and aquaculture sector within the Caribbean Community (CARICOM). CRFM Executive Director, Milton Haughton, signed the MOU for CRFM…July 31, 2019In “Agriculture”Caribbean Countries to benefit from Partnership to Develop Climate resilient Fisheries and Aquaculture IndustriesThe Caribbean Regional Fisheries Mechanism (CRFM) and CCRIF SPC have signed a Memorandum of Understanding to develop climate-resilient fisheries and aquaculture industries in the region. The purpose of the MOU is to formalise collaboration around the Caribbean Oceans and Aquaculture Sustainability Facility (COAST) initiative, which will help to reduce the…April 15, 2019In “Agriculture”Fisheries Ministers from CRFM Member States meet Friday in GuyanaBelize City (CRFM Press Release)—The Caribbean Regional Fisheries Mechanism (CRFM) will host the 11th Meeting of its Ministerial Council—the highest ranking decision-making body of the regional fisheries organization—starting at 9:00 a.m. on Friday, May 19, at the Pegasus Hotel in Georgetown, Guyana. Ministers who hold the portfolio for fisheries from…May 18, 2017In “CARICOM”Share this on WhatsApp Staunching the flow: St. Kitts and Nevis’ Fight to Keep its… Sep 1, 2020last_img read more

Sundance DiGiovanni explains Vindex’s position in esports

first_imgA lot of new companies claim that they’re going to change the esports industry but when the co-founders of MLG say it, you tend to believe it. Vindex is a newly-announced esports infrastructure company from Sundance DiGiovanni and Mike Sepso, which already boasts Next Generation Esports and Esports Engine in its portfolio.To get a better understanding about the inception of Vindex and how he believes it will benefit esports, we spoke with DiGiovanni.Photo via: LightstreamEsports Insider: The initial announcement was a little vague when it came to what exactly Vindex will do. Can you elaborate on this at all?Sundance DiGiovanni: The announcement today is around the initial funding of the business, the acquisition of Next Generation Esports, and the start of Esports Engine with Adam Apicella.We’ve retained all the senior leadership over at NGE and Adam’s team is a fully functioning version of what was embedded inside of Major League Gaming (MLG) for a number of years. We have a tremendous amount of resources and experience across those two businesses.So, in terms of what Vindex as a company will do, production services is our first foray into this space. With those two businesses, we feel very strongly that we’re the preeminent provider of production services and broadcast technology for publishers, esports teams, and any brands that are looking to have authentic experiences created within the esports.RELATED: MLG co-founders launch esports infrastructure platform VindexWe have additional plans that we’re not speaking to today for Vindex. In terms of other areas of opportunity within gaming and esports, today is really just a celebration of our heritage as an event producer and broadcaster of esports events. If you look at the teams that we’re combining with NGE and Esports Engine, you’ve got everything from the Fortnite World Cup, the most viewed esports event on record, and the team that did over 250 touring events for MLG. That’s a pretty impressive offering and the response has already been overwhelming and incredibly positive.We’re also out looking for other opportunities, other teams, and other businesses that we can bring into the fold at Vindex – both in production services and some of the other verticals that we’ll be looking at in the future. We’re not done.“We’ve put this together pretty quickly but very thoughtfully.”ESI: When do you decide to pull the trigger and launch the company?SD: After I finished up at Activision Blizzard, I took some time to look around the space to see what the big opportunities could be for us and to find the partners to work with on this. Obviously Mike and I go back quite some time, I’ve worked with Adam for well over a decade, and the addition of Brian and Jason really rounded out the team and made this a no-brainer from my point of view.Their experience, their network of people, and their access to capital was a key decision maker for us. We went from having discussions about this in the beginning of the year to forming a partnership within just a few short months. We finished this initial fundraising in no time at all. It was a very short window but it was incredible.So we’ve put this together pretty quickly but very thoughtfully. We did the NGE acquisition because we have a tremendous amount of respect for the business. They’ve built a great leadership team and are really good on the execution side and broadcast side. Adam and his guys at Esports Engine are legends in this space as well.We’re going to be collecting as much talent as we can to try to bring our experience and our expertise to the market in a way where any of the folks who are looking to activate within esports will have an obvious choice as to where to go.Image credit: VindexESI: Please explain the positions that Mike and yourself will occupy within Vindex.SD: Mike will be serving as the CEO and I’m going to serving as the Chief Strategy Officer. My day-to-day is going to be focusing on finding other opportunities for us to bring in quality companies and teams into the mix. We’re not done with acquisitions and we’re not done with looking for teams that we can bring in and amplify our offerings, that’s what my role is for.“We’re really looking at this as surrounding ourselves with the best possible talent out there, and that goes for our investors as well.”ESI: Can you tell us about the investors at Vindex?SD: So we have a pretty amazing list of folks. Joel Greenblatt is a Wall Street legend. Stonecutter came in as a large institution for us. Essentially, a lot of this is individual’s money and it’s a network of very tightly-knit folks who are also going to be helpful for us on the execution and operations side. Joel is on our board which is fantastic. He probably forgets more about what’s happened than I’ll ever know in the Wall Street space so he’s a great resource for us. We’re really looking at this as surrounding ourselves with the best possible talent out there, and that goes for our investors as well. We had a lot of people that we had to turn away initially because there was so much interest. We wound up with a list of investors that we think is top of class and I don’t think you’ve ever seen folks like this come into the esports space. These are people who have waited for the right opportunity and they see Vindex as that vehicle.RELATED: Skyler Johnson on CTRL’s inception, place in esportsESI: Will your companies be able to do things it couldn’t before due to ties with Activision Blizzard?SD: We have pretty interesting experience when you think about all the people we have around the table from a leadership point of view with Mike and I, the Esports Engine folks, and the NGE folks.Mike and I have over a decade of experience building MLG into a hero brand as an independent company, having to navigate this space without being within a publisher. Then with the sale of MLG, we sold it in two chunks: one to Warner Bros., and one to Activision. Going inside of Activision and having first-hand experience inside of the largest independent publisher of video games was eye-opening for us, especially with the formation of Overwatch League and its franchise sales and the Call of Duty League and its franchise sales as well.Photo credit: MLGSo we’ve seen both sides. We’ve been independent brands out there building and operating a league, and then we’ve helped put together pieces that have turned into the Overwatch League and Call of Duty League. Now, we can take all of that experience and really have a fully-formed point of view of how best to help a publisher, how best to help an esports team, and how to structure various engagements of different sizes.Obviously not everything will be the size of Overwatch League or Call of Duty League or the LCS for Riot Games, it’s not a one-size-fits-all-industry. We’ve got some unique thoughts on how to service games of different sizes and how to create experiences for fans around games that don’t have the scale or scope yet to form a franchised league, for example.We’re freed up from a lot of the things that were constraints when we were at MLG and we’re educated quite thoroughly by our time at Activision Blizzard, which we’re very thankful for and was transformative for us.ESI: Esports Engine has already announced that it’ll be handling New York Subliners‘ home series events. How did that come about?SD: Mike and I, full disclosure, are a minority investors in Andbox and its various teams in New York. Being very proud New Yorkers ourselves, we’re very excited to root for our New York-based esports teams. Adam and his team will be working with them for their home series events, there’s even a broadcast happening for a tournament that they’re doing Esports Engine will be powering.ESI Autumn Forum – Find out morelast_img read more