Dominica government creditworthiness rated “adequate” by CariCRIS

first_imgPrime Minister and Finance Minister, Roosevelt Skerrit. Dominica’s creditworthiness has been adjudged “adequate” by the Caribbean Information and Credit Rating Services Limited (CariCRIS).In a press release dated March 15th, 2012 CariCRIS indicates that they have “assigned ratings on the USD$25 million debt issue (notional) of the Government of the Commonwealth of Dominica (GOCD) of CariBBB- (Foreign Currency Rating) and CariBBB- (Local Currency Rating) on its regional rating scale”.CariCRIS notes that level of creditworthiness of the government’s obligation has been adjudged in relation to other obligations in the Caribbean.These ratings, according to the Caribbean’s regional credit rating agency, reflect “Dominica’s favourable performance in the last 3 years relative to its regional peers in key areas such as economic growth and fiscal performance”.Dominica is rated as having the “highest 3-year average real gross domestic product (GDP) growth rate of 2.5%”.The construction, mining and quarrying and agriculture industries are said to have expanded by 3% in 2011 and CariCRIS predicts that there will be further growth in these industries in 2012. Dominica has also maintained one of the “lowest public sector Debt/GDP ratios of 60.2% in the last 3 years”.According to the release, the Dominica government reduced its “debt/GDP which moved to 66.2% in 2010 compared to 68.9% in FY2006” again CariCRIS anticipates that this trend is expected to continue however notes at a “slow pace”.Photo credit:cfsc.com.bbDominica’s monetary indicators, the report notes, have been “relatively stable and in line with its OECS peers”. “The external sector has generally performed creditably with a 3-year average balance of payments surplus of 1.3% of GDP. Gross international reserves are also sufficiently healthy to cover 8 months of imports. Gradual improvement in the external accounts is expected in the medium term as foreign direct investments (FDIs) and remittances increase in line with the slow global recovery”.CariCRIS has attributed Dominica’s “adequate” rating to the government’s “prudent fiscal policy, relatively low indebtedness, stable, moderate monetary indicators, relatively healthy external sector performance and consistency in economic policies in a stable political environment”. The strength of these ratings are “tempered by Dominica’s small, open economy with a narrow economic structure, which renders it highly vulnerable to external shocks; severe capacity constraints particularly in its human resources and the high dependence on grant funding to support the fiscal position and balance of payments”.CariCRIS is a unique market-driven initiative aimed at fostering and supporting the development of regional debt markets in the Caribbean.The company’s rating is an “objective assessment of an entity’s creditworthiness relative to other debt issuing entities”. The ratings aim to “provide a regionally relevant risk assessment of entities and the debt that they issue within a wider context of an analysis of economic trends and financial developments” which they claim will “significantly improve an investor’s ability to compare sovereign and corporate credits in the region”.Dominica Vibes News Tweet LocalNews Dominica government creditworthiness rated “adequate” by CariCRIS by: – March 29, 2012 35 Views   no discussions Sharecenter_img Share Share Sharing is caring!last_img read more

Moises Padilla town positive on gov’t aid

first_img Meanwhile, the local chief executive urged the residents to plant vegetables and fruit trees as these could result to better yield compared to sugar cane. Moises Padilla Mayor Ella Celestina Garcia-Yulo conveyed her optimism towards the support of the national government in providing the basic services and filling the gaps in this third class municipality. Garcia-Yulo likewise hoped to partner with the Technical Education and Skills Development Authority TESDA and the Department of Agriculture for the conduct of agriculture-related seminars./PN She added that producing vegetables and fruits is cheaper than that of the sugar cane which entailed huge capital for its trucking and production services. To note, Moises Padilla is a third class municipality belonging to Negros Occidental’s fifth district. “We are banking on with the NGAs because they have huge funds. I believe, that we in Moises Padilla, must be prioritized because of the GIDAs,” Garcia-Yulo said in vernacular language. Labeled as a “red alert” and poverty-stricken area, the town also lacked basic social services such as road, water, and rural health physician and facilities, according to the lady Mayor. BACOLOD City – The local government of Moises Padilla in Negros Occidental is banking on the support of the government that will bring further development to the town. In an interview with the media, Garcia-Yulo cited that help from the national government agencies (NGAs) is crucial especially to those municipalities identified under the Geographically Isolated and Disadvantaged Areas (GIDAs).last_img read more

Woeful Windies slump to defeat

first_img(CMC) – WOEFUL West Indies ended their ill-fated tour of New Zealand in the same wretched manner in which it started, plummeting to a heavy 119-run defeat in the final Twenty20 International here yesterday.Colin Munro’s record-breaking third career T20I hundred of 104 was the catalyst behind the hosts’ imperious 243 for five off their 20 overs – their highest-ever total in the shortest format.Fellow opener Martin Guptill stroked 63 and Tom Bruce, 23, ensuring New Zealand maintained their momentum to gather the seventh-highest total in T20s.In reply, West Indies produced yet another dismal batting performance, collapsing to a depressing 124 all out in the 17th over.Only Andre Fletcher with a polished 46 from 32 balls showed any sense of purpose, and was one of only three frontline batsmen to reach double figures and the only one to pass 20.The Caribbean side’s woes were compounded by the unavailability of Shai Hope who injured his shoulder while fielding and was unable to bat.Not for the first time this tour, the Windies were tormented by seamer Tim Southee (3-21) and new-ball partner Trent Boult (2-29) while leg-spinner Ish Sodhi claimed two for 25, as the Black Caps claimed their biggest-ever win in T20s and the third largest overall.For West Indies, the defeat was their seventh on tour in internationals after losing both Tests, all three one-dayers and two T20s. The second T20I was washed out after just nine overs on New Year’s Day.The reigning T20 World champions have also now lost six of their last 12 matches in the shortest format.Opting to bat first at Bay Oval, New Zealand were propelled by a 136-run opening stand between Munro and Guptill – the country’s third-highest stand for any wicket in T20s.The left-handed Munro was utterly dominant en route to his third score of fifty or more in the series, facing 53 balls and striking three fours and 10 sixes.No Windies bowler was spared from the 30-year-old’s brutal all-out assault, as he raced to his half-century off 26 balls before reaching three figures off 47 deliveries to mark the fastest-ever hundred for New Zealand in T20s and joint sixth-fastest of all-time.He also became the first batsman to score three hundreds in T20Is.Guptill, meanwhile, was more than just a spectator, lashing five fours and a pair of sixes in a 38-ball knock – his 11th half-century in this format.With the Windies bowlers loose, the pair cashed in, plundering 52 off the first five and 118 at the half-way point of the innings.Debutant medium pacer Rayad Emrit’s first two deliveries in T20 cricket were greeted with a couple of leg-side sixes by Munro, in an over which leaked 16 runs and saw the South Africa-born dynamo to his half-century.Guptill eventually edged a wide one from Emrit to fall to a catch at the wicket in the 12th over but Munro and Bruce kept the pressure on the Windies in a 55-run, second-wicket partnership.Even when the hosts lost four wickets for 35 runs in 19 deliveries, the runs kept flowing with 60 runs gushing from the last five overs.The Windies then had a disastrous start to their run chase when Chadwick Walton drove the first ball of the innings from Southee into Munro’s lap at cover.Four balls later, superstar Chris Gayle was surprised by a short ball and gloved a simple catch behind to depart without scoring, leaving the Windies tottering on one run for two wickets.Fletcher and Rovman Powell (16) then staged the best partnership of the innings, putting on 41 for the third wicket.The right-handed Fletcher struck four fours and three sixes – two of which were sweetly-timed back-to-back inside out blows over extra cover in the sixth over by left-arm spinner Anaru Kitchen which went for 20 runs.Powell holed out to cover off Kitchen in the fourth over and Shimron Hetmyer was tragically run-out for seven in the fifth over, leaving West Indies on 49 for four.Fletcher posted 31 off 20 balls for the fifth wicket with captain Carlos Brathwaite (15) to temporarily stem the flow of wickets but once the Grenadian missed a heave at a straight one from Sodhi and was bowled off-stump, the last four wickets tumbled for 44 runs.SCOREBOARDNEW ZEALAND inningsM. Guptill c wkp. Walton b Emrit 63C. Munro c Hetmyer b Brathwaite 104T. Bruce b Brathwaite 23A. Kitchen run-out 9K. Williamson b Taylor 19G. Phillips not out 7M. Santner not out 6Extras: (lb-4, w-7, nb-1) 12Total: (5 wkts, 20 overs) 243Fall of wickets: 1-136, 2-191, 3-204, 4-226, 5-226.Bowling: Taylor 4-0-53-1, Badree 4-0-51-0, Nurse 4-0-43-0, Brathwaite 4-0-50-2, Emrit 4-0-42-1.WEST INDIES inningsC. Walton c Munro b Southee 0C. Gayle c wkp. Phillips b Southee 0A. Fletcher b Sodhi 46R. Powell c Williamson b Kitchen 16S. Hetmyer run-out 7C. Brathwaite c Bruce b Boult 15A. Nurse not out 14R. Emrit lbw b Sodhi 5J. Taylor c Santner b Boult 13S. Badree c Bruce b Southee 2S. Hope did not batExtras: (w-4, nb-2) 6Total: (9 wkts, 16.3 overs) 124Fall of wickets: 1-0, 2-1, 3-42, 4-49, 5-80, 6-92, 7-99, 8-114, 9-124.Bowling: Southee 2.3-0-21-3, Boult 4-0-29-2 (w-3, nb-2), Kitchen 4-0-33-1 (w-1), Santner 2-0-16-0, Sodhi 4-0-25-2.Result: New Zealand won by 119 runs.Series: New Zealand won three-match series 2-0.Man-of-the-Match: Colin Munro.Man-of-the-Series: Colin Munro.last_img read more

Roundup

first_imgThe following incidents were reported in the USC Department of Public Safety daily incident log between Wednesday, Jan. 18, and Thursday, Jan. 19.Crimes against propertyat 12:34 a.m. on Jan. 19, DPS officers responded to a report of a bike theft in progress at Grace Ford Salvatori Hall of Letters, Arts & Sciences and detained two suspects matching the descriptions given by a witness.  A locked bicycle was recovered nearby and the witness stated that he observed one of the suspects carry it away while the second one acted as a lookout.  The registered owner informed the officers that no one had permission to remove her bike. The suspects were arrested and transported to S/W station for booking.At 4:14 p.m. on Jan. 18, a security guard reported that she observed a suspect remove her property from a plastic bag and a handbag she had placed on the front porch of Alpha Gamma Omega while she was stationed nearby.  The suspect was detained by DPS officers who responded to the scene and he was found in possession of the guard’s property.  The suspect was arrested and transported to 77th station for booking.Miscellaneous incidentsat 4:29 p.m. on Jan. 18, DPS officers stationed at Keck Hospital of USC saw a terminated staff member enter an administrator’s office and demand to speak with him.  The staff member was advised that she needed an appointment to meet with the administrator and the officers escorted her from the premises without further incident.at 9:49 a.m. on Jan. 18, DPS officers responded to a student who was feeling nauseated and weak. An LAFD RA unit was requested and Unit #15 responded. The RA Unit examined the student and transported her to California Hospital for medical treatment.last_img read more

John Beilein’s seven best landing spots for college basketball return, from Texas on down

first_imgHe led four different schools — Canisius, Richmond, West Virginia and Michigan — to the NCAA Tournament, and he took the Wolverines to a pair of national championship game appearances in 2013 and 2018. He is also the consummate good-guy coach, and that will attract the attention of several college basketball programs who might be seeking something more out of their program.MORE: Beilein would be prize of coaching carousel in return from NBAHere is a look at some of those schools and their potential fit with Beilein:TexasTexas is going to get the most attention, and it fits. Shaka Smart is 85-77 with two tournament appearances through five seasons, and Beilein would have more resources to work with than he did at West Virginia and Michigan. Lon Kruger, also 67, has had steady success with rival Oklahoma in the form of six tournament appearances and a 2016 Final Four appearance. Beilein’s coaching style suits the Big 12 well, too: He had over-the-top success at Michigan, and he could do the same at another football-first-school.IndianaThe better move for Indiana is to stick it out with Archie Miller, who should be able to push the Hoosiers into the NCAA Tournament this year (it will be close). Indiana hasn’t advanced past the Sweet 16 since 2002, and the Hoosiers have an outgoing athletic director in Fred Glass at the end of the school year. Beilein also would be the fifth different hire for the Hoosiers since Bob Knight left. This is a tempting move, but the timing doesn’t seem right. Holding on to Miller is the better play.Boston CollegeThe Eagles are looking at a 11th straight season without a tournament appearance, and that would be bad news for sixth-year coach Jim Christian. It would be a chance for Beilein — who coached in the Big East and Big Ten — to bring that style to the ACC. Boston College used to be a tournament regular under Al Skinner, so it’s not like success is impossible in Chestnut Hill. The only question is whether the rebuild would take too long.Wake ForestThe Demon Deacons have almost an identical situation as Boston College. Danny Manning hasn’t managed better than a First Four berth in six seasons, and the Demon Deacons haven’t been to the Sweet 16 since 2004. Ironically, it was a Beilein-led West Virginia team that beat Chris Paul-led Wake Forest in a 111-105 second-round thriller in 2005. Beilein’s demeanor meshes with the program, which has been absent from the national stage for far too long. Think Beilein is too old to make it work in the Carolinas? Look at what Mack Brown is doing in football. This is the best fit among the ACC schools.MORE: Sporting News’ March Madness projections 1.0 The Cleveland Cavaliers and John Beilein ended their partnership on Wednesday — a professional relationship that was ill-fated from the start. (UPDATE: The Cavs said Beilein will be reassigned within the organization after resigning as head coach.)Cleveland has a 14-40 record under Beilein in his first foray into the NBA. If there’s a silver lining — and there is — then it’s that Beilein, who turned 67 on Feb. 5, is the prize of the college basketball coaching carousel. Georgia TechYet another ACC school dealing with a drought, Georgia Tech has not made the NCAA tournament since 2010, and Josh Pastner hasn’t produced more than 21 wins in a single season. Wake Forest and Boston College might be quicker to move on, but Georgia Tech has a decent recruiting base. Beilein also would be competing on that circuit with Georgia coach Tom Crean. Georgia Tech would have to be aggressive in their pursuit of Beilein, given the other options available.MinnesotaMinnesota has made two tournament appearances under Richard Pitino, but it has been a perpetual bubble team that hasn’t quite lived up to expectations. This would put Beilein back in the Big Ten, but there isn’t quite the same recruiting base that he had at Michigan. Northwestern is another Big Ten school to keep an eye on, but Beilein might cost too much.Any volatile schoolAny school that gets a notice of allegations from the NCAA, or a coach who gets suspended, is worth keeping an eye on. Kansas, Arizona and LSU, among others, are all worth watching simply because of the volatility. If there’s a change at any of those schools, it would be best to bring in the cleanest coach possible. Beilein has epitomized that throughout his coaching career. Fit would be a consideration, of course, but no coach is more deserving of another shot at a return to college basketball.last_img read more

Semifinals should pack a wallop

first_imgJunior forward Demar Derozan has had a breakout season, averaging 22 points a game and in the playoffs, he’s been phenomenal. In last Friday’s 75-68 win over La Mirada, Derozan scored 27 points, including nailing a 15-foot jumper with 42 seconds left that gave Compton a 69-65 lead. However, what makes the Tarbabes so tough to beat is the fact that Derozan has help in the form of 6-10 junior forward Edgar Garibay, who’s averaging 14 points and 10 rebounds. “Edgar had finally come into his own and he’s doing what he does best and that’s score and play defense,” Thomas said. “But with him, Demar and Taylor all playing in the same game, I think it’s going to be great for the fans. It’s going to be a battle of the superstars.” In the other semifinal, the Pioneers are hoping to continue their quest toward winning a second consecutive state title after winning it all in Division III last season. They’ve been nothing short of spectacular in the postseason, thanks to the talented trio of senior forward James Harden, junior guard Malik Story and sophomore power forward Renardo Sidney. Harden, who’s signed with Arizona State, was also named to the McDonald’s All-American team over the weekend while both Story’s and Sidney’s games have risen in their three playoff victories, including an 83-73 victory over Jordan in the quarterfinals. The Dons, however, are also playing great and nobody exemplifies that more than Illinois-bound guard Quinton Watkins, who had his third consecutive big game in the playoffs against Thousand Oaks on Friday night. Watkins scored a season-high 29 points as Dominguez never trailed in a 68-60 win. Matt Dewaal also played well in the victory, scoring 14 points to go along with 17 rebounds and six blocks. “Given their history of winning championships, I would think Dominguez is the favorite tonight,” Artesia coach Loren Grover said. “Watkins is a tremendous player and they can all really shoot the ball. I think in the second half of the season, they have really stepped up their game, especially on defense. “And their coach, Russell Otis, is really experienced in games like this and he’s going to make sure they’re ready for us. I think the game is going to be a dog fight.” Here’s a look at the other local playoff game tonight: DIVISION I-A Los Alamitos (25-4) vs. M.L. King (27-3) at Citrus Hills High, 7:30 p.m. The Griffins came within an eyelash of losing to Etiwanda in the quarterfinals, but they escaped with a 49-47 win when Xavier Mudd missed a wide-open 3-pointer at the buzzer. Still, Los Alamitos proved it could win a grind-it-out, defensive-minded game as well as an up-tempo one. After scoring 36 points in the second round, Cameron Jones was held to just seven against the Eagles, but expect that number to go up tonight. Senior forward Clint Amberry played one of his best games against Etiwanda, scoring 21 points and was the emotional leader on the floor. Ben Villa can be reached at [email protected] or (562) 499-1338. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! When the CIF realigned divisions this season, it wanted to make sure the best teams played each other in the playoffs and judging by tonight’s match-ups, it looks like it got its wish. The CIF Southern Section Division I-AA semifinals get underway tonight at 7:30 p.m. with two potentially great games locally. Compton’s game, however, is an especially big one for its first-year coach Tony Thomas, who felt his team should have earned at least a three or four seed after winning the Moore League title and beating the Dons twice this season. But a win tonight for the Tarbabes would validate them as one of the elite teams in Southern California. “We do have a chip on our shoulder and when the playoffs started, one of our goals was to make it to the final four and we’ve done that,” Thomas said. “Now we have to beat Mater Dei to reach the finals. If there is one thing that scares me about them, it’s their height. “They have a lot of tall guys at every position and we have to do a good job at rebounding the ball and eliminating their second chances. It should be a great game, though. There’s going to be a lot of Division I talent on the floor and a lot of scouts and coaches in the stands.” McDonald’s All-American Taylor King, who’s going to Duke next season, leads the Monarchs. The 6-foot-8 senior forward is averaging 25.9 points and 11.1 rebounds, but the Tarbabes have their fare share of big- time talent on their squad as well. center_img In one semifinal, top-seeded Mater Dei (28-3), which is ranked 13th in the nation by USA Today, will play fifth-seeded Compton (26-3) at Dominguez High. The other semifinal pits second-seeded Artesia (27-2), which is ranked 12th by USA Today, against third-seeded Dominguez (22-7) at Gahr High. last_img read more