The 2024 Best Female Athlete Is From The Caribbean

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News Americas, New York, NY, November 4, 2024: St. Lucian born Olympic champion Julien Alfred has added yet another accolade to her remarkable 2024 season. In a historic feat at the Paris Olympics, Alfred won gold in the 100-meter dash with a time of 10.72 seconds, becoming the first athlete from St. Lucia to win an Olympic medal. She followed this victory with a silver medal in the 200-meter dash, establishing herself as the fastest woman in the world this season.

Julien Alfred is Best Female Athlete of 2024 per ANOC.

At the Association of National Olympic Committees (ANOC) Awards in Cascais, Portugal last week, Alfred received the prestigious Best Female Athlete Award. Presented by Panam Sports President Neven Ilic, this honor recognized Alfred’s groundbreaking achievements on the Olympic stage and her dedication to the sport.

In her acceptance speech, Alfred expressed gratitude and pride in representing St. Lucia. “This award means a lot to me. It shows that all the heart and sacrifice I put into this challenge was for a reason. I hope it can inspire an entire nation and the youth of my country to see that sacrifice is necessary to reach your dreams,” said Alfred. “This year showed me what you can accomplish if you believe in yourself, your coach, and in God. I dedicate this award to my entire country.”

Alfred’s victory in Paris surprised many, especially as the reigning world champion and pre-race favorite, Sha’Carri Richardson of the United States, was expected to claim the title. But Alfred’s sprinting prowess and resilience propelled her to Olympic gold, writing a new chapter for St. Lucia in athletics history.

“This is a very well-deserved award for an athlete who had an incredible season and captivated us all at the Paris Olympics,” said Panam Sports President Neven Ilic. “I congratulate Julien, her entire team, and, of course, the St. Lucia Olympic Committee.”

Alfred was the only athlete from the Americas to be recognized at this year’s ANOC Awards, marking a proud moment for St. Lucia and Caribbean sports on the global stage.

Dominica Awards Highest Honor To Olympian Thea LaFond-Gadson

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News Americas, New York, NY, November 4, 2024: Dominica celebrated one of its brightest sports stars, Paris Olympic gold medalist Thea LaFond-Gadson, by conferring upon her the Dominica Honour Award, the nation’s highest accolade, on Sunday, Nov. 3, 2024.

Dominica’s President, Her Excellency Sylvanie Burton, presented the Dominica Honour Award to Thea LaFond-Gadson.

The triple jump champion made history earlier this year, becoming Dominica’s first Olympic medalist with her gold in Paris, following her victory in the triple jump at the World Indoor Championships in Glasgow, Scotland, in March. Each of these triumphs marked unprecedented achievements for Dominica, solidifying LaFond-Gadson’s legacy as one of the island’s most celebrated athletes.

The award was presented during the country’s Independence Day Rally at the National Parade, where Prime Minister Roosevelt Skerritt acknowledged LaFond-Gadson’s significant contributions to Dominica. Announcing her award in advance, Prime Minister Skerritt praised LaFond-Gadson for the immense pride and global recognition she has brought to her country through her athletic achievements.

During the formal ceremony, Dominica’s President, Her Excellency Sylvanie Burton, presented the Dominica Honour Award to LaFond-Gadson, one of 18 Dominicans and international honorees recognized this year for their contributions to the nation. Speaking afterward, LaFond-Gadson expressed her gratitude, describing the award as her “greatest achievement ever” and encouraging young Dominicans to follow their dreams with determination.

The accolades for LaFond-Gadson’s accomplishments extend beyond the national ceremony. A private sector-hosted luncheon was held in her honor on Monday, further celebrating her dedication and achievements. This latest honor comes just two months after LaFond-Gadson was appointed a Sports Ambassador and awarded a $400,000 gift along with a land grant from the government, underscoring her role as a source of national inspiration.

In his address, Prime Minister Skerritt emphasized the pride that LaFond-Gadson’s achievements have instilled in Dominica. “Her success has inspired the entire nation,” he said. With her historic Olympic victory and her continued dedication to her homeland, Thea LaFond-Gadson has secured her place as a Dominican icon.

Nearly 2 Million Eligible Caribbean American Voters Added Over Two Decades

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By Felicia J. Persaud

A NAN FIRST

News Americas, NEW YORK, NY, Fri. Nov. 1, 2024: Although often overlooked as part of the broader “Black” voting bloc, Caribbean immigrants are an increasingly significant portion of the growing pool of foreign-born eligible voters in the United States.

A News Americas analysis of the latest naturalization data from the Department of Homeland Security reveals that between 2002 and 2022, 1,838,516 Caribbean immigrants became U.S. citizens, joining the ranks of eligible voters. Naturalizations peaked in 2022, with a record 132,699 new Caribbean Americans gaining U.S. citizenship, according to DHS data.

U.S. Army soldiers Spc. Javante Campbell, 21, from Jamaica (R) and Spc. Elvin Almonte, 35, from the Dominican Republic embrace after becoming American citizens at a naturalization ceremony in July 2021. (Photo by John Moore/Getty Images)

Significant milestones over the years reflect this increase:

2008 Surge: In 2008, the number of naturalized Caribbean immigrants jumped to 131,935, likely in response to heightened interest in the landmark presidential election.

2012-2016: During the years 2012 to 2016, the naturalized Caribbean voting population remained strong, with 109,762 eligible voters in 2012 and an increase to 105,204 by 2016.

2020-2022: Despite the COVID-19 pandemic, naturalizations continued to rise, reaching 80,879 in 2020 and then sharply increasing to 132,699 by 2022, reflecting renewed motivations for U.S. citizenship within the Caribbean community.

The full data from 2002 to 2022 were as follows:

YearNaturalized Caribbean Immigrants2022132,6992021120,601202080,8792019101,312201895,298201792,5402016105,204201592,807201483,3762013120,9952012109,762201179,820201062,535200984,9172008131,935200768,577200690,979200564,672200454,811200346,154200258,943

TOP NATIONALITY FOR NATURALIZATION

Among Caribbean immigrants, nationals from four countries represent the largest shares of naturalized voters: Cuba, the Dominican Republic, Jamaica and Haiti.

Cubans

Caribbean nationals from Cuba were the largest group to be naturalized in the 20-year period with almost 600,000 naturalizations at 586,476. The majority were naturalized in 2013 with a whopping 120,995 becoming US citizens. Here’s the full run down over the two decades:

YearNaturalized Cuban Immigrants202246,913202147,919202031,369201936,246201832,089201725,961201632,101201525,770201424,0922013120,995201231,244201121,071201014,050200924,891200839,871200715,394200621,481200511,227200411,23620037,727200210,889

Dominicans

They were followed by Dominicans who made up the second largest group of eligible Caribbean voters naturalized in the two decades, reaching almost half a million at 490,064.

In 2022, 34,525 Dominicans became U.S. citizens, the highest number since 2013.

YearNaturalized Dominican Immigrants202234,525202128,103202018,675201923,101201822,970201729,734201631,320201526,665201423,775201339,590201233,351201120,508201015,451200920,778200835,251200720,645200622,165200520,831200415,464200312,627200215,591

Jamaicans

Jamaican nationals represented the third largest group among Caribbean naturalized voters over the 20-year period, reaching over 300,000 at 322,318. Some 22,963 Jamaicans became U.S. citizens in 2022 alone, the highest number in the two-decade period.

YearNaturalized Jamaican Immigrants202222,963202120,716202013,465201918,010201817,213201715,087201616,772201516,566201413,547201316,442201215,531201114,591201012,070200915,098200821,324200712,314200618,953200513,674200412,271200311,232200213,973

Haitians

Haitians formed the fourth-largest group. Between 2002 and 2022, 283,393. Haitians were naturalized.

Only 18,001 Haitian nationals naturalized in 2022, a drop from 2008 and 2013.  

YearNaturalized Haitian Immigrants202218,001202114,882202010,865201914,308201814,389201712,794201615,276201514,053201413,676201323,480201219,114201114,191201012,291200913,290200821,229200710,557200615,97920059,74020048,21520037,26320029,280

As the count-down is on to Nov. 5th, Caribbean Americans are well-positioned to impact key elections in 2024 and beyond, especially in an election where for the first time, a candidate with roots to the Caribbean is in the Presidential race and could become the US’ next President and first with heritage in that region.

Luxury And Exclusivity Comes To Barbados: Royalton CHIC Resorts to Debut on the Island

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News Americas, ST. MICHAEL, Barbados, Oct. 31, 2024: Blue Diamond Resorts, boasting the Caribbean’s most diverse portfolio of all-inclusive brands, is excited to announce its expansion into Barbados with the introduction of Royalton CHIC Barbados, a posh and vibrant adults-only all-inclusive resort set to open in Spring 2026.

Royalton CHIC Barbados set to open in Spring 2026

Located just 30 minutes from Barbados International Airport on the island’s coveted Gold Coast, known for its tranquil Caribbean waters, this exciting new property promises to redefine the island’s luxury travel scene by blending the vibrant energy of Barbados with the effervescence and exclusivity of Royalton CHIC Resorts, including the brand’s signature ‘Party Your Way’ concept—a unique approach that has quickly gained prominence in the hospitality industry.

Guests at this all-inclusive resort will experience energy and luxury from the moment they arrive. The resort will feature 220 modern suites designed with elegant touches and nods to the local culture, reflecting both privacy and sophistication. Each suite will offer either oceanfront views, swim-out access, or ocean views, with spacious balconies to enjoy the serene surroundings. Those seeking elevated indulgence can book the exclusive Diamond Club suite category, which provides personalized butler service, access to a private lounge, secluded areas, and premium amenities designed to enhance every aspect of their stay.

“We are thrilled to bring one of our brands to Barbados. Its people, rich culture and history, natural beauty, and privileged location fill Blue Diamond Resorts with pride as we finally incorporate this destination into our portfolio,” said Jordi Pelfort, President of Blue Diamond Resorts. “This iconic destination is the perfect location for an exciting resort like Royalton CHIC Barbados.”

Evolving from a traditional all-inclusive model, Royalton CHIC Resorts offers a unique combination of laid-back relaxation and energetic entertainment. This distinct balance of leisure and excitement has attracted a diverse array of modern travelers.

When it comes to dining, the resort will boast an impressive array of high-class venues that honor the exquisite local and international gastronomy Barbados is known for. Guests will enjoy a variety of options, including an international buffet, a specialty steakhouse, and a French-Island-Fusion restaurant. However, the showstopper will be Level 12, a dazzling rooftop bar and lounge, open to the public, inspired by the wildly popular Level 18 at Royalton CHIC Cancun. With sweeping, panoramic views, this venue is set to be the ultimate hotspot for electrifying daylife, high-energy events, and vibrant gatherings.

With its prime location, Royalton CHIC Barbados will offer guests the perfect setting to unwind in paradise while enjoying an atmosphere infused with non-stop entertainment. Whether lounging by the pool, indulging in world-class treatments at The Royal Spa, or energizing with lively Royalton FIT classes, there will always be something happening. To heighten the excitement, the brand’s signature entertainment team, the CHIC Angels, will host a dynamic lineup of events and activities designed to celebrate every moment.

“This will be the place to be for adult travelers who crave the Caribbean’s unique appeal while immersing themselves in a modern and exhilarating environment,” added Pelfort.

This innovative resort marks a significant moment for Barbados, as it will be the island’s first new all-inclusive adults-only property of its kind. With its vibrant energy, luxurious amenities, and stunning beachfront location, Royalton CHIC Barbados is poised to redefine the island’s hospitality landscape and become the premier choice for adults seeking a one-of-a-kind Caribbean escape.

For more information, visit royaltonchicresorts.com.

About Blue Diamond Resorts

Blue Diamond Resorts encompasses over 80 properties, exceeding 20,000 rooms in eight countries located in the most popular holiday destinations in the Caribbean. Its nine leading hotel brands include the Award-winning, All-In Luxury® Royalton Luxury Resorts, where Everyone is Family. Whether guests come as friends, parents, kids, couples, weddings, corporate or incentive retreats, or solo travelers everyone is family in these properties that feature personalized services and signature amenities including All-In Connectivity, DreamBed, and the Sports Event Guarantee. To refocus on valued relationships and friendships, Hideaway at Royalton offers an adults-only experience with exclusive dining and preferred accommodations to enhance Togetherness among their guests. Party Your Way at Royalton CHIC Resorts, an adults-only vibrant and effervescent all-inclusive brand to revel in the unexpected. Mystique by Royalton is Miles from Ordinary, offering their visitors the chance to connect with their surroundings in a boutique-style resort collection full of endless beauty and hip vibes. In Jamaica, Grand Lido Negril offers guests over the age of 21, a unique and all-inclusive Au Naturel vacation along with a secluded shore for the utmost privacy. Memories Resorts & Spa offers a vacation designed whether you’re planning a family vacation, reuniting with friends, or just have a relaxing moment with your significant other, while Starfish Resorts provides amazing value, breathtaking surroundings, and rich culture and heritage. Planet Hollywood Hotels & Resorts invites guests to Vacation Like A Star with an engaging and interactive experience, plus famous pop culture items from iconic movies, music, and sports while you will Dodge the Paparazzi at Planet Hollywood Adult Scene where your adults-only vacation will be the center of fascination and attention with glam and exclusivity.

To learn more about Blue Diamond Resorts, please visit www.bluediamondresorts.com

About Royalton CHIC Resorts

Royalton CHIC Resorts offer adults-only vibrant and effervescent all-inclusive experiences to Party Your Way and revel in the unexpected. Located in popular Caribbean destinations such as Punta Cana – Dominican Republic, Cancun – Mexico, and Antigua, this new adults-only generation of all-inclusive concept delivers unprecedented experiences where luxury and fun intersect in each idyllic location. Choose between relaxing and treating yourself or partying and having fun— Party Your Way.

Ideal for couples, groups, singles or friends, including modern rooms and suites featuring All-In Luxury, the premium DreamBed, a variety of culinary offerings, All-In Connectivity and exclusivity through the Diamond Club category. Guests can choose between relaxing and treating themselves in the spa or enjoy the resort’s unique events and theme parties at signature locations.

For more information about Royalton CHIC Resorts, visit www.royaltonchicresorts.com

Guyanese Hetmyer Returns To West Indies ODI Squad

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News Americas, NEW YORK, NY, Weds. Oct. 30, 2024: Shimron Hetmyer, the dynamic Guyana-born, West Indies batsman known for his powerful hitting, is set to make a comeback to the West Indies One Day International (ODI) team after nearly a year’s absence. Cricket West Indies has announced that Hetmyer, 27, will join the 15-member squad to face England in a three-match ODI series starting tomorrow, Thursday, Oct. 31st, in Antigua.

Shimron Hetymer, seen here as part of the West Indies during the Group Stage match of the ICC Cricket World Cup 2019 between West Indies and India at Old Trafford on June 27, 2019 in Manchester, England, returns to the 2024 ODI series against England. (Photo by Gareth Copley-ICC/ICC via Getty Images)

Hetmyer’s last appearance for the West Indies ODI team was in December 2023 against England. His inclusion marks the only change to the squad that recently toured Sri Lanka, as he replaces opening batsman Alick Athanaze.

West Indies head coach for white-ball cricket, Daren Sammy, expressed enthusiasm for the upcoming home series, emphasizing the historic rivalry between West Indies and England. “Playing against England always brings out a new challenge and reignites a rivalry that both the players and Caribbean fans eagerly anticipate,” Sammy said. “We showed our capability last year by beating them at home in an ODI series, and we’re ready to take on a strong England side once again.”

Sammy also highlighted the significance of home-ground support as the team aims for qualification in the ICC Men’s World Cup in 2027. “Playing at home with the local support’s energy and passion is always special,” he added. “We’ve assembled a balanced squad ready to compete with one of the best teams globally.”

Squad:

West Indies: Rovman Powell (captain), Roston Chase (vice-captain), Fabian Allen, Shimron Hetmyer, Andre Fletcher, Terrance Hinds, Shai Hope, Alzarri Joseph, Shamar Joseph, Brandon King, Evin Lewis, Gudakesh Motie, Sherfane Rutherford, Romario Shepherd, Shamar Springer.

Puerto Rican Shadow Senator Endorses Trump Amid Rally Backlash

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News Americas, NEW YORK, NY, Weds. Oct. 30, 2024: A prominent Puerto Rican Republican, Zoraida Buxó Santiago, has made headlines by endorsing Donald Trump amid backlash over a rally comment in New York that described Puerto Rico as a “floating island of garbage.” Comedian Tony Hinchcliffe, a speaker at Trump’s Madison Square Garden rally two days earlier, made the inflammatory remark, sparking widespread condemnation.

US Shadow Senator from Puerto Rico, Zoraida Buxo Santiago. speaks next to former US President and Republican presidential candidate Donald Trump during a campaign rally at the PPL Center in Allentown, Pennsylvania, on October 29, 2024. (Photo by ANGELA WEISS/AFP via Getty Images)

While many Puerto Rican public figures and celebrities including Ricky Martin, Bad Bunny, Mark Anthony, Don Omar and Jennifer Lopez, have voiced support for Trump’s Democratic challenger, Vice President Kamala Harris, Shadow U.S. Senator Buxó expressed confidence in Trump’s leadership, endorsing him publicly at a rally in Allentown, Pennsylvania on October 29th. Her decision, she stated, centers on Trump’s commitment to resolving Puerto Rico’s status and supporting statehood.

“[Donald Trump] is the firm leader that PR needs to take us out of territorial limbo and do justice,” Buxó wrote on social media, highlighting her confidence in Trump’s stance. She cited his 2016 pledge to respect Puerto Rico’s referendum results on status, a commitment she says he reaffirmed in 2023.

The endorsement arrives amid reminders of Trump’s controversial visit to Puerto Rico in 2017, following Hurricane Maria, when he tossed paper towels into a crowd—a gesture many saw as insensitive. Furthermore, a federal investigation later found that his administration had delayed the release of billions in congressional disaster aid to the island, with reports of unprecedented procedural delays attributed to new review protocols imposed by the Office of Management and Budget (OMB) in 2018.

Born and educated in Puerto Rico, Buxó has a legal background and previously served as the island’s Secretary of the Department of Corrections and Rehabilitation. She has held the role of Shadow Senator since 2021, advocating for the U.S. Congress to uphold Puerto Rico’s 2020 referendum vote for statehood. Her current term is set to end in December 2024.

Puerto Rico’s shadow delegation to the U.S. Senate consists of two delegates who are tasked with advocating for statehood for Puerto Rico. Shadow delegates are not able to vote on legislation. The other Shadow Senator is Melinda Romero Donnelly. Puerto Rico’s shadow delegation is distinct from the Puerto Rico Resident Commissioner.

Buxó’s endorsement marks a divergence from many Puerto Ricans calling for increased support of Harris, who has promised to prioritize economic equity for Puerto Ricans.

In her plan for the island entitled “Building an Opportunity Economy for Puerto Rico” posted to her website, Harris outlines that she plans to work with “the private sector, the Puerto Rican government, municipalities, and other stakeholders” to “strengthen the energy grid, make Puerto Rico a hub for industries of the future, and uplift the island’s role as a vibrant economic and cultural center.”

Harris detailed that she plans to launch a federal Puerto Rico economy task force focused on “investing in industries of the future, driving small business growth, strengthening the health care system,” expanding access to clean energy, providing housing at lower costs, and building more affordable housing, advancing health care services in Puerto Rico, and more.

Caribbean American Designers Shine As 2024 CFDA Award Winners

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News Americas, NEW YORK, NY, Weds. Oct. 30, 2024: Two Caribbean American designers have made waves as top winners of the prestigious 2024 Council of Fashion Designers of America (CFDA) Awards, known as the Oscars of American fashion.

Sevdaliza and Raul Lopez, r., attend the 2024 CFDA Awards at American Museum of Natural History on October 28, 2024 in New York City. Lopez of Luar, a Dominican American designer, took home the Accessories Designer of the Year award for the second time. (Photo by Taylor Hill/WireImage)

Raul Lopez of Luar, a Dominican American designer, took home the Accessories Designer of the Year award for the second time, honored at the event held in the Museum of Natural History on October 28th. Lopez, who grew up in Brooklyn to Dominican immigrant parents, launched his label in 2011, creating edgy takes on classic American sportswear that have captivated a dedicated fanbase. His studio is adorned with racks of bold designs and his signature briefcase-inspired “It” bag, which has become a standout in the fashion world.

Jamaican designer Rachel Scott claimed the Women’s Wear Designer of the Year award at the 2024 CFDA Awards at American Museum of Natural History on October 28, 2024 in New York City. (Photo by Taylor Hill/WireImage)

Jamaican-born Rachel Scott, founder of Diotima, claimed the Women’s Wear Designer of the Year award. Scott, who won CFDA’s Emerging Designer of the Year in 2023, founded Diotima in 2021 to bring together Caribbean artisanal traditions and urban haute couture. Diotima’s collections are crafted between Jamaica and New York, and Scott’s commitment to supporting Jamaican artisans shines through her designs, which emphasize craftsmanship and cultural storytelling.

Da’Vine Joy Randolph, Jamaican born designer Rachel Scott with her award as the Women’s Wear Designer of the Year and Cynthia Erivo at the 2024 CFDA Fashion Awards held at the American Museum of Natural History on October 28, 2024 in New York, New York. (Photo by Kristina Bumphrey/WWD via Getty Images)

The 2024 CFDA awards also featured a special tribute as the Board of Directors’ Tribute Award was renamed in honor of the late Isabel Toledo, an influential Cuban American designer celebrated for crafting Michelle Obama’s iconic 2009 inauguration look.

Which Caribbean Island Has The Best Golf Resorts?

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News Americas, NEW YORK, NY: Caribbean islands are a popular holiday destination – even though it may be closed like the rest of the world for now due to the COVID-19 pandemic. People choose the region for a variety of reasons – heavenly beaches, perfect weather, the best itineraries and conditions for sailing, sites for history buffs, and those for party lovers. However, it may not be as widely known that some of the Caribbean islands are the ideal destination for golf players. It doesn’t matter whether you play pinnacle soft golf balls, rush golf balls, or anything else; you will definitely find something for yourself there. Are you a golfer and you’re looking for a place to both play and relax? We’ve got a list of the best Caribbean Golf Resorts.

Bahamas

The Bahamas are popular among golf lovers, primarily because of the Baha Mar resort. This huge resort complex in Nassau offers so much space for golf players that all of their golf carts have to be equipped with GPS systems. It’s not only huge but also really picturesque, surrounded by the most beautiful landscapes – sand dunes, the Atlantic, limestone moonscapes, and jungle foliage. Apart from that, you can have a beer in an English pub (that was actually built in England and shipped to the Bahamas), eat in the restaurant at the beach, go snorkelling, and more.

Dominican Republic

This country offers a lot of bigger and smaller golf courses along with its luxurious resorts, but one of the most well-known in the world is Casa de Campo. It’s a 7,000-acre resort, so you can only imagine how much of that space is sacrificed for golf lovers. Plus, they have their own 350-slip marina so that you can sail your yacht there. They also offer you a walk through a replica of a 16th-century Mediterranean village, a delicious meal at La Piazzetta, a quiet moment at the St. Stanislaus Church, or an unforgettable show at the 5,000-seat amphitheatre styled like the ancient Greek theatres.

Barbados

Barbados is particularly known among golf players all over the world because of its world-class courses. A vast resort called Sandy Lane offers three of them for you to choose from – The Old Nine, The Country Club, and the Green Monkey. The last one is carved into a limestone quarry, designed by Tom Fazio, allowing you to admire the views as well as play. Sandy Lane also has some heavenly beaches, outstanding SPA, fitness centre, the Treehouse Club for the families with kids, wine cellars, and more. Apart from the most famous Sandy Lane, Barbados is always a home to Royal Westmoreland, which offers a championship golf course designed by Robert Trent Jones Jr – not only an excellent golf course but also the most amazing views of the platinum coastline.

As you can see, you can find something for everyone if you choose the Caribbean islands and its golf resorts as your next holiday destination. You can spend your time playing without leaving your family or friends bored in their hotel rooms. And then you also have a lot to do together! Doesn’t it sound perfect?

Top Caribbean Beach Destinations For Wealthy Entrepreneurs In 2024

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News Americas, New York, NY, October 28, 2024: Nomad Capitalist has unveiled its 2024 Nomad Beach Index (NBI), spotlighting the Caribbean’s top beach destinations for high-net-worth entrepreneurs and investors seeking favorable living and financial environments.

Ask about how you can invest in the Caribbean and get a second passport or residency

Leading the list is the Cayman Islands, known for its advantageous tax laws and high-quality services, followed by Antigua and Barbuda and St. Kitts and Nevis.

The NBI, based on data from more than 30 unique sources, ranks beach destinations using a 10-50 scale across five factors: Beauty (30%), Services (20%), Taxes (20%), Immigration (20%), and Safety (10%). The Cayman Islands secured the top spot for its renowned tax efficiency and appeal among affluent individuals preferring simplified tax regulations. Antigua and Barbuda advanced in the rankings due to enhanced service offerings, including improved airport operations and mobile connectivity.

Other Caribbean nations highlighted in the top 10 include Dominica (tied for fourth) and the Bahamas, which both continue to attract global entrepreneurs with streamlined immigration pathways and business-friendly environments. The Dominican Republic also made the list, reflecting its ongoing appeal as a destination with both lifestyle and financial benefits.

Javier Correa, strategy associate at Nomad Capitalist, emphasized that the NBI targets high-net-worth individuals looking for long-term, tax-efficient beach destinations. “The Caribbean’s beautiful beaches offer more than scenic getaways,” Correa noted. “They represent viable options for globally mobile entrepreneurs and investors seeking financial growth, streamlined immigration, and robust banking options.”

New Report Highlights Economic Challenges and Opportunities For The Caribbean

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News Americas, New York, NY, Mon. Oct. 28, 2024: The latest International Trade Outlook for Latin America and the Caribbean report from the Economic Commission for Latin America and the Caribbean, (ECLAC), sheds light on the Caribbean’s economic dynamics, spotlighting both growth opportunities and ongoing vulnerabilities across the region.

Key Findings for the Caribbean

Export Growth: Caribbean exports are set to increase by 24%, with Guyana (74%) and Suriname (12%) leading the expansion. However, Trinidad and Tobago, Belize, and Cuba are expected to see export declines, driven by factors like reduced sugar production, falling nickel prices, and energy sector setbacks.

Service Sector Potential: Services, particularly tourism, continue to be a dominant export for the Caribbean, but modern digital services hold significant growth potential. Currently, modern services represent just 10% of the Caribbean’s service exports – the lowest share in the region.

Food and Trade Dependency: The Caribbean remains heavily dependent on food imports, which account for over 20% of total exports in many countries. Rising food costs have heightened food insecurity, with half of the Caribbean population unable to afford a healthy diet as of 2022. Cereal imports meet nearly all the consumption needs in Caribbean island states, except the Dominican Republic. The cost of accessing a healthy diet is especially high in the Caribbean, where it amounts to US$ 5.16 PPP per person per day – 30 percent above the world average. As a result, in 2022, half of the Caribbean population have been unable to access a healthy diet, compared to 26% in South America and Central America and Mexico. The United States.

High Trade Costs: Intra-regional trade is burdened by high costs, particularly in air transportation, where limited competition and high airport fees drive up prices, impeding trade and travel across the region.

The average most-favoured-nation tariff applied to agricultural products in the region was 13.6% in 2023, almost 6 percentage points higher than the rate for non-agricultural products (7.8%). In the majority of the Caribbean countries, average agricultural tariffs are close to 20%, and in some cases higher.

Need for Regional Integration: To reduce trade costs and improve food security, ECLAC advocates for stronger regional integration. Proposed initiatives include a regional food distribution center in Barbados and Guyana, streamlined trade logistics, and regulatory harmonization.

Recommendations for Growth in Modern Services
The ECLAC report highlighted the importance of leveraging the high global demand for modern services to boost economic growth. “To harness high global demand for modern services, the countries of Latin America and the Caribbean should strengthen their productive policies and support programmes in partnership with the private sector,” ECLAC advises. “One effective strategy is to improve the measurement of services trade, in line with international recommendations, and implement policy frameworks that minimize restrictions on trade and FDI. In addition, trade agreements should be modernized, and subregional integration should be explored as a means to facilitate trade in services and avoid double-taxation.”

Furthermore, improving digital literacy is crucial. ECLAC emphasizes the need for “continuous learning programmes to train and equip workers to navigate the rapid technological changes underway” and calls for targeted policies to support services exports, including training programs, trade missions, and branding campaigns. “FDI attraction is essential to bring in new technologies and improve productivity, generating clusters and value chains to drive growth in the services sector, including exports and linkages,” ECLAC concluded.

These insights underscore the Caribbean’s strategic advantage in service sector development and regional trade integration, essential for sustainable growth and resilience.