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Banking supervisors should take on the correspondent banking challenge — World Bank

World-Bank-WHQIn a 2015 report on countries affected by a decline in correspondent banking relationships, the World Bank (WB) calls on supervisory institutions at the national level to take on more duties in providing assurances to large banks which are concerned about use of funds for money laundering and other areas of risk.

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Surviving a recession

Recession-1With the economy under siege from falling revenues, the Government has already signalled its intention to curb its spending. In an address to the nation at the end of last year, Prime Minister Dr Keith Rowley said that state enterprises and ministries have been mandated to cut spending by seven per cent by the end of this month.

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CTO declares 2016 'the year of romance in the Caribbean'

Hugh-RileyWith the start of the New Year comes the launch of a new initiative by the Caribbean Tourism Organization (CTO) – 2016 The Year of Romance in the Caribbean - which celebrates everything romantic about the region. Through the campaign, CTO and its member countries and hotels will highlight the Caribbean as the leading choice for a romance vacation for consumers and travel planners selling the region.

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Record Growth in jobs for 2015

Hyatt-skBasseterre, St. Kitts, 4th January, 2016- The economy in St. Kitts and Nevis added more jobs in 2015 over the same period in 2014 according to statistics from the Social Security Department.

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Candidates interviewed for ECCB Governorship

ECCB-Governor-candidates-2Basseterre, St. Kitts, January, 4th 2016,—The Eastern Caribbean Central Bank (ECCB) Monetary Council met on Monday, December 28, at the Ocean Terrace Inn in St. Kitts to deal with issues of governance related to the vacancy left by Sir K. Dwight Venner who retired as Governor of the ECCB in November of this year after having served in that post for 26 years, making him the longest serving governor of any Central Bank.

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