Friday, October 24, 2014
Venezuela on Friday ousted Interior Minister Miguel Rodriguez after he was fingered by pro-government “chavista” groups for being responsible for the deaths of a handful of their leaders during clashes earlier this month. Venezuelan President Nicolás Maduro made the announcement Friday amid a mini-cabinet shuffle. Taking Rodriguez’s place is Carmen Meléndez, who had been Minister of Defense since July 2013. Gen. Vladimir Padrino López, a government loyalist and outspoken U.S. critic, will become the head of the armed forces. Maduro didn’t mention the controversy swirling around Rodriguez but said the outgoing cabinet member would have “15 days of rest” before being appointed to other duties.
Taiwan based footwear manufacturer General Shoes on Tuesday announced construction of a plant in Santiago at a cost of US$10.0 million over three years, which will create around 3,000 jobs. General Shoes president Robert Tsai made the announcement and informed president Danilo Medina that they’ll increase their investment in the country, which he affirms will turn the Dominican Republic’s footwear industry into the Caribbean’s China or Vietnam.
IMF Forum Discusses Proposals on Energy Provision, Taxation, and Financial Sector to Raise Growth in the Caribbean
Caribbean economic officials and the International Monetary Fund (IMF) discussed possible improvements in energy provision, tax regimes, and the financial sector in an effort to boost economic prospects in the region. The proposals were discussed during a high-level forum on “Unlocking Economic Growth” by finance ministers, central bank governors, academics, and private sector representatives from the Caribbean and officials from the IMF, the World Bank, the Inter-American Development Bank, and the Caribbean Development Bank, at a two-day forum jointly organized with Jamaica’s Ministry of Finance and Planning that concluded today in Montego Bay, Jamaica.
The Haitian Government sought to develop a new approach for the reduction of poverty, vulnerability, hunger, and malnutrition. The ensuing analytical work and technical assistance contributed to a policy and strategy dialogue for service delivery and support to families in the areas of nutritional security, social protection, and disability services.