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ST. VINCENT-LABOUR-PM warns salary increase being sought by unions will cost millions of dollars

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SURINAME-ENERGY-Malaysia based energy company announces new oil find

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Here’s What The US Says About Fiscal Transparency In These Caribbean Countries

Black Immigrant Daily News

By NAN Staff Writer

NEWS AMERICAS, NEW YORK, NY, Sept. 9, 2022: The US Department of State today released its 2022 Fiscal Transparency Report to Congress, which evaluated Fiscal Transparency in 141 countries globally including 8 in the Caribbean.  The report says sixty-nine countries globally, including 5 in the Caribbean did not make any progress in meeting the minimum requirements of fiscal transparency. However, 27, including 2 in the Caribbean, were assessed as having made significant progress toward meeting the minimum requirements of fiscal transparency.

The Department assessed the governments of Jamaica, Guyana and Trinidad and Tobago as meeting the minimum requirements of fiscal transparency for 2022.

The minimum requirement of fiscal transparency includes – national budget documentation (to include income and expenditures by ministry) and government contracts and licenses for natural resource extraction (to include bidding and concession allocation practices).

HERE’S WHERE THEY STAND

The Bahamas, Haiti and Belize were deemed as having made no significant progress in meeting the minimum fiscal requirements. Here’s why:

THE BAHAMAS

On The Bahamas, the US Department of State’s 2022 Fiscal Transparency Report, says The Bahamas’s fiscal transparency would be improved by:

Ensuring the supreme audit institution audits the government’s executed budget; and

Making audit reports publicly available within a reasonable period.

BELIZE

Belize’s fiscal transparency would be improved by:

Publishing its executive budget proposal within a reasonable period; and

Ensuring the supreme audit institution audits the government’s executed budget and makes audit reports publicly available within a reasonable period.

HAITI

Haiti’s fiscal transparency would be improved by:

Publishing an executive budget proposal and end-of-year report within a reasonable period;

Ensuring the budget provides a substantially full picture by including major sources of revenue and expenditure;

Providing more detail on allocations to, earnings from, and debt holdings of state-owned enterprises;

Subjecting its military budget to civilian oversight;

Ensuring adequate audit and oversight for off-budget accounts;

Ensuring actual revenues and expenditures reasonably correspond to those in the enacted budget;

Improving the reliability of budget documents by producing and publishing a supplemental budget when actual revenues and expenditures do not correspond to those in the enacted budget; and

Ensuring the supreme audit institution meets international standards of independence and publishes timely and substantive audit reports.

Even though the DR and Suriname made some progress, the US report says this on the DOMINICAN REPUBLIC:

The Dominican Republic’s fiscal transparency would be improved by:

Publishing a comprehensive end-of-year report;

Publishing the budget allocations to, earnings from, and debt of major state-owned enterprises; and

Ensuring the independence of the supreme audit institution.

SURINAME

Suriname’s fiscal transparency would be improved by:

Publishing an end-of-year budget report;

Subjecting off-budget accounts to oversight; and

Ensuring applicable laws and regulations for contracting and licensing in natural resource extraction are followed in practice.

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CARIBBEAN-FINANCE-CDB and UN sign partnership agreement

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ANTIGUA-LABOUR-Court appointed administrator prepared to meet with union regarding LIAT employees

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DOMINICA-TRADE-Dominica to open trade depots in Caribbean countries

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UNITED STATES-TRADE-New York Governor announces plans to establish Caribbean trade office

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GRENADA-FINANCE-Government to provide funds to MSM businesses under economic stimulus package

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CARIBBEAN-TELECOMMUNICATIONS-Regional consumers still feeling the pinch of roaming telecom charges

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4G Remains Dominant In The Caribbean: How Long Until 5G Takes Over?

Black Immigrant Daily News

News Americas, NEW YORK, NY, Tues. Sept. 6, 2022: While 4G remains the dominant broadband cellular network technology in the Caribbean, it can only be a matter of time before 5G comes in to replace the current technology. 4G will eventually be phased out. There’s no doubt about that.

However, it’s unlikely to happen any time soon. Realistically speaking, 4G will not be completely replaced for at least another decade, possibly longer.

There has been a lot of talk about 5G technology in recent years; some of it good and some of it bad, and this has got a lot of people asking the question, when will 4G no longer be relevant? Like many places around the world, in the Caribbean, 4G still reigns supreme, but exactly how long will it be until 5G takes over?

What Exactly Is 4G And 5G Technology?

When people are discussing the connectivity of devices to the internet, the term used to describe the system in terms of frequency and speed is 4G or 5G (or even earlier versions, such as 2G and 3G). Each different generation is more advanced than the previous version, and they are defined by the different technologies involved.

5G technology will benefit people in a number of ways. Not only will it provide higher speeds, but it will also provide lower latency and greater capacity for remote execution, plus it will also make average download times much faster. 5G is, therefore, great for online gamers who will then be able to experience their android games from their mobile device like never before.

When Will We See An End To 4G?

It’s still a long way off yet, with many people saying it will be at least ten years before 4G is switched off for good and replaced with 5G. The arrival of 5G will mean that 4G will become obsolete. 4G is the fourth generation of mobile networks, and 5G is the next, more advanced version. Although 5G networks are just starting to come into use on a global scale, there are still a lot of networks that heavily rely on 4G.

There would be a lot of upgrades and developments needed for a seamless transition from 4G to 5G in most places, so it’s not going to happen in the coming months. 2G and 3G services are rapidly on the decline in terms of the number of people using this network technology, which has led to more of a demand for 4G technology. In short, 4G is the only option for customers because 5G is still not yet an option for them. 5G is still only starting to become dominant in a handful of countries. For example, in China, it’s used in approximately 356 cities, and in the United States, in around 296 cities.

5G is also available in almost 100 cities in the Philippines, around 80 cities in South Korea, and a similar number of cities in Canada. In comparison, 5G is also now being used in Spain (in more than 70 cities), Italy (more than 60 cities), Germany (more than 50 cities), the United Kingdom (also in more than 50 cities), and Saudi Arabia (in more than 40 cities).

What Does The Future Look Like For The Caribbean?

There are currently around ten Caribbean and Latin American nations that have already started the initial roll-out of 5G network technology. This means that Caribbean nations won’t have to wait for ten years until 5G first arrives. Instead, it may take this long until 4G is completely phased out by 5G. The Caribbean is a region of the Americas that consists of the Caribbean Sea and more than ten nations, some of which include Antigua and Barbuda, Bahamas, Belize, Cayman Islands, Curaçao, Dominican Republic, Haiti, and Jamaica.

What Comes After 5G?

We still haven’t seen the complete roll-out of 5G, and people are already talking about 6G. What exactly will 6G involve? It could be here sooner than expected, and it will see the birth of a new technology revolution. Some of the devices that may end up using this 6G technology are advanced robotics, computing devices, cars, AI, and many other technological devices that haven’t even been invented yet.

The future of technology is anybody’s guess, and the use of 6G tech is also something that we still cannot yet fully comprehend. It could be twenty years at least before 6G becomes anywhere near as mainstream as 4G technology currently is. For now, the best thing to do would be to leave ideas about 6G to the people who write science fiction novels. 

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