Page 32 - Caribbean-Central America Profile 2018

REGIONAL

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

Caribbean Forum for Development CARIBBEAN TOURISM Central American Common Market SIECA
Caribbean Development Bank ORGANIZATION (CTO) Apartado Postal 1237,
Wildey, St. Michael, Barbados Members: Anguilla, Antigua and Barbuda, Aruba, Guatemala 01901, Guatemala
Tel: (246) 431-1600 The Bahamas, Barbados, Belize, Bonaire, British Tel: (502) 2368-2151
Fax: (246) 426-7269 Virgin Islands, Cayman Islands, Cuba, Curacao, Fax: (502) 2368-1071
E-mail: cfd@caribank.org Dominica, Grenada, Guadeloupe, Guyana, Haiti, E-mail: info@sieca.org.gt
Jamaica, Martinique, Montserrat, Puerto Rico,
THE CARIBBEAN HOTEL & St. Barthelemy, St. Eustatius, St. Kitts and Nevis, EASTERN CARIBBEAN CENTRAL
TOURISM ASSOCIATION (CHTA) St. Lucia, St. Maarten, St. Martin, St. Vincent and BANK (ECCB)
Members: Anguilla, Antigua and Barbuda, the Grenadines, Suriname, Trinidad & Tobago, The Eastern Caribbean Central Bank was
Aruba, The Bahamas, Barbados, Belize, Bermuda, Turks and Caicos Islands, U.S. Virgin Islands. established in October 1983 with a mandate
Bonaire, British Virgin Islands, Cayman Islands, to maintain the stability of the EC dollar and
Colombia, Cuba, Curacao, Dominica, Dominican The Caribbean Tourism Organization (CTO) was the integrity of the banking system in order to
Republic, Grenada, Guadeloupe, Guyana, Haiti, established in 1989 as a merger of the Caribbean facilitate the balanced growth and development
Jamaica, Martinique, Mexico, Montserrat, Tourism Association (founded in 1951) and the of member states. The Eastern Caribbean
Puerto Rico, St. Barthelemy, St. Kitts and Nevis, Caribbean Tourism Research and Development Central Bank is the monetary authority for a
St. Lucia, St. Maarten, St. Martin, St. Vincent Centre (founded in 1974). The CTO, the premier group of eight small island economies. These
and the Grenadines, Trinidad and Tobago, Turks regional tourism association, is comprised of are: Anguilla, Antigua and Barbuda, Dominica,
and Caicos Islands, and U.S. Virgin Islands. government and private sector operatives in the Grenada, Montserrat, St. Kitts and Nevis, St.
The Caribbean Hotel & Tourism Association is tourism industry across the Caribbean. CTO Lucia, and St. Vincent and the Grenadines.
collects and disseminates research and data on the
dedicated to excellence in hospitality, leadership development of the regional industry. It also has
in marketing, and sustainable growth in tourism, marketing operatives in the tourism generating Article 4 of the ECCB Agreement prescribes the
to the benefit of its members and that of the ECCB’s role as follows:
markets. It is an international development
wider Caribbean community.
agency functioning under a Headquarters • To regulate the availability of money and credit.
The Caribbean Hotel & Tourism Association Agreement with the Government of Barbados, • To promote and maintain monetary stability.
2655 Le Jeune Road, where its headquarters are located. • To promote credit and exchange conditions
Suite 910 Caribbean Tourism Organization and a sound financial structure conducive to
Coral Gables, FL 33134 7th Floor the balanced growth and development of the
Tel: 305-443-3040 Baobab Tower, Warrens economies of the Participating Governments.
Fax: 305-443-3005
St Michael, BB 22026 • To actively promote through means consistent
Barbados with its objectives the economic development
CARIBBEAN SHIPPING Tel: (246) 427-5242 of the territories of the Participating
ASSOCIATION (CSA) Fax: (246) 429-3065
Mission: To promote and foster the highest Email:ctobarbados@caribtourism.com Governments.
quality service to the maritime industry Monetary arrangements are characterized by:
through training, development, working with CENTRAL AMERICAN COMMON • The issuance of a single common currency,
all agencies, groups and other associations for the flow of which is unrestricted among its
the benefit and development of its members and MARKET (CACM) members.
the peoples of the Caribbean region. The CSA Members: Costa Rica, El Salvador, Guatemala, • A common pool of foreign exchange reserves.
represents private and public sector interests Honduras, Nicaragua and Panama. The General
across the entire Caribbean area including Treaty on Central American Economic Integration • The existence of a Central Monetary Authority
was signed by El Salvador, Guatemala, Honduras
which decides on the Union’s monetary
South, Central and North American ports in and Nicaragua on December 13, 1960. They
all four major language groupings – English, were later joined by Costa Rica (1963) , policy.
French, Spanish, and Dutch. English is used as Panama in 1991 and Belize in 2000, securing Eastern Caribbean Central Bank
the official language. P.O. Box 89,
the participation of all seven countries in the
The CSA was formed in 1971 to help develop an Treaty, which provided the basis for the Central Basseterre, St. Kitts
efficient, viable Caribbean shipping industry and American Common Market. Tel: (869) 465-2537
has since been the voice of the region’s shipping The main aspects pertaining to the functioning Fax: (869) 465-9562
E-mail: info@eccb-centralbank.org
industry. It is a major regional forum in which of the CACM relate to free trade (practically Website: www.eccb-centralbank.org
matters relevant to the growth and development all products originating within the region) and
of Caribbean Shipping are discussed. the creation of a Common External Tariff. The ECONOMIC COMMISSION FOR
Permanent Secretariat of the General Treaty on LATIN AMERICA AND THE
Caribbean Shipping Association Central American Economic Integration (SIECA)
4 Fourth Avenue, Newport West, ensures compliance with the resolutions of the CARIBBEAN (ECLAC)
Kingston 13 Central American Economic Council and the Members: Antigua and Barbuda, Argentina,
Jamaica Executive Council. This includes the correct The Bahamas, Barbados, Belize, Bolivia, Brazil,
Tel: (876) 923-3491 application of the General Treaty and all bilateral Canada, Chile, Columbia, Costa Rica, Cuba,
Fax: (876) 757-1592 and multilateral instruments currently engaged in Dominica, Dominican Republic, Ecuador, El
E-mail csa@cwjamaica.com the member states. See Trading Blocs under the Salvador, France, Grenada, Guatemala, Guyana,
Website: www.caribbeanshipping.org Regional Profile for more information on CACM. Haiti, Honduras, Italy, Jamaica, Mexico, The

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