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World Bank Commits to Supporting a Resilient Recovery Program for Jamaica

KINGSTON, Jamaica - The World Bank’s Regional Vice President for Latin America and the Caribbean, Carlos Felipe Jaramillo, has ended a three-day visit to Jamaica discussing a wide range of issues with officials here including digital transformation, reimagining education, increasing climate resilience, improving linkages between agriculture and the tourism sector, as well as urban resilience.

Carlos Felipe Jaramillo

Comcast Advances Economic Mobility and Racial Equity in Underserved Communities Through $10 Million Investment With Inclusiv

NEW YORK & PHILADELPHIA-- Inclusiv and Comcast Corporation today announced that Comcast has committed to invest $10 million specifically aimed at building equity in credit unions led by and/or serving people of color through Inclusiv’s Racial Equity and Resilience Investment Fund (“the Fund”). Launched in 2020, the Fund leverages investments to increase lending to minority-owned businesses, homeowners, and consumers, providing access to capital and new financial opportunity to traditionally underserved and underbanked communities. As Inclusiv’s first corporate investment, Comcast’s commitment will enable local financial institutions to deploy at least $200 million in total capital in communities that need it the most and help ensure hardworking individuals have access to the capital needed to build and strengthen their financial lives.

Barbados to Cut Airport Taxes By 50 Per Cent

BRIDGETOWN, Barbados, CMC – Barbados Tuesday announced that it would be cutting by 50 per cent, airport taxes for regional travelers, a request that had originally been made by Antigua and Barbuda’s Prime Minister Gaston Browne as a means of encouraging intra-regional travel.

Lisa Cummins

Channing Capital Management Launches Its First Mutual Fund

CHICAGO,  - On July 1, Channing Capital Management, LLC (Channing) launched its first publicly traded mutual fund, the Channing Intrinsic Value Small-Cap Fund (Ticker: OWLLX). The investable universe is primarily domestic small capitalization stocks with a focus on quality companies that the portfolio management team believes to be attractively valued.

Channing Capital co-founders Rodney B. Herenton and Wendell E. Mackey

Barbados Moves to Restructure Debt of State-Owned Hotel

BRIDGETOWN, Barbados – The Barbados government says it will be taking over the BDS$80 million (One BDS dollar=US$0.50 cents) of debt of the operators of the state-owned Hilton Barbados Hotel, even as the opposition the government’s ability to meet its debt obligations in the foreseeable future given “the persistent absence of any significant platform of growth being constructed”

CARICOM Leaders to Discuss Reduced Regional Air Travel Taxes

ST. JOHN’S, Antigua – Antigua and Barbuda is to table a proposal Friday urging regional governments to support an initiative to reduce significantly reduce the taxes for air travel in a bid to encourage intra-regional travel as the threat from the coronavirus (COVID-19) pandemic declines.

Prime Minister Gaston Browne
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