PetroCaribe
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Petrocaribe
Petrocaribe was a regional oil procurement agreement between Venezuela and Caribbean member states. The alliance was founded on 29 June 2005 in Puerto La Cruz, Venezuela during Hugo Chavez presidency. Venezuela offered member states oil supplies on a concessionary financial agreement. Petrocaribe has been part of the "pink tide" in Latin America seeking to achieve post-neoliberal development in the region. In 2013 Petrocaribe established links with the Bolivarian Alliance for the Americas (ALBA) aiming to go beyond oil trade and promoting economic cooperation. The deal fell apart by 2019 after sanctions, dwindling oil production, corruption, and oil price fluctuations took their toll. In 2022 discussions are underway to restart the agreement. Treaty details The agreement was initiated with the aim of having solidarity with other countries in accordance with Bolivarian Alliance for the Americas (ALBA). The payment system allows for the purchase of oil at market value for 5%-50% ...
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Caribbean Community
The Caribbean Community (CARICOM or CC) is an intergovernmental organization that is a political and economic union of 15 member states (14 nation-states and one dependency) throughout the Caribbean. They have primary objectives to promote economic integration and cooperation among its members, ensure that the benefits of integration are equitably shared, and coordinate foreign policy. The organization was established in 1973 with its four founding members signing the Treaty of Chaguaramas. Its primary activities involve: * Coordinating economic policies and development planning. * Devising and instituting special projects for the less-developed countries within its jurisdiction. * Operating as a regional single market for many of its members (Caricom Single Market). * Handling regional trade disputes. The secretariat headquarters is in Georgetown, Guyana. CARICOM is an official United Nations Observer beneficiary. CARICOM was established by the English-speaking parts of the ...
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PDVSA
Petróleos de Venezuela, S.A. (PDVSA, ) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on 1 January 1976 with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter. Oil reserves in Venezuela are the largest in the world and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. Following the Bolivarian Revolution, PDVSA was mainly used as a vital source of income for the Venezuelan government. Profits were also used to assist the presidency, with funds directed towards allies of the Venezuelan government. With PDVSA focusing on political projects instead of oil production, mechanical and technical statuses deteriorated while employee expertise was removed followin ...
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Pink Tide
The pink tide ( es, marea rosa, pt, onda rosa, french: marée rose), or the turn to the left ( es, giro a la izquierda, link=no, pt, volta à esquerda, link=no, french: tournant à gauche, link=no), is a political wave and perception of a turn towards left-wing governments in Latin American democracies moving away from the neoliberal economic model in the 21st century. As a term, both phrases are used in contemporary 21st-century political analysis in the news media and elsewhere to refer to a move toward more economic progressive or social progressive policies in Latin America. Such governments have been referred to as " left-of-centre", "left-leaning", and "radical social-democratic". They are also members of the São Paulo Forum, a conference of left-wing political parties and other organizations from the Americas. The Latin American countries viewed as part of this ideological trend have been referred to as pink tide nations, with the term '' post-neoliberalism'' or '' ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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St Kitts And Nevis
Saint Kitts and Nevis (), officially the Federation of Saint Christopher and Nevis, is an island country and microstate consisting of the two islands of Saint Kitts and Nevis, both located in the West Indies, in the Leeward Islands chain of the Lesser Antilles. With 261 square kilometers of territory, and roughly 50,000 inhabitants, it is the smallest sovereign state in the Western Hemisphere, in both area and population, as well as the world's smallest sovereign federation. The country is a Commonwealth realm, with Charles III as King and head of state. It is the only sovereign federation in the Caribbean. The capital city is Basseterre, located on the larger island of Saint Kitts. Basseterre is also the main port for passenger entry (via cruise ships) and cargo. The smaller island of Nevis lies approximately to the southeast of Saint Kitts, across a shallow channel called The Narrows. The British dependency of Anguilla was historically also a part of this union, which was ...
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St Lucia
Saint Lucia ( acf, Sent Lisi, french: Sainte-Lucie) is an island country of the West Indies in the eastern Caribbean. The island was previously called Iouanalao and later Hewanorra, names given by the native Arawaks and Caribs, two Amerindian peoples. Part of the Windward Islands of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados and south of Martinique. It covers a land area of with an estimated population of over 180,000 people as of 2022. The national capital is the city of Castries. The first proven inhabitants of the island, the Arawaks, are believed to have first settled in AD 200–400. Around 800 AD, the island would be taken over by the Kalinago. The French were the first Europeans to settle on the island, and they signed a treaty with the native Caribs in 1660. England took control of the island in 1663. In ensuing years, England and France fought 14 times for control of the island, and the rule of the is ...
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Jamaica
Jamaica (; ) is an island country situated in the Caribbean Sea. Spanning in area, it is the third-largest island of the Greater Antilles and the Caribbean (after Cuba and Hispaniola). Jamaica lies about south of Cuba, and west of Hispaniola (the island containing the countries of Haiti and the Dominican Republic); the British Overseas Territory of the Cayman Islands lies some to the north-west. Originally inhabited by the indigenous Taíno peoples, the island came under Spanish rule following the arrival of Christopher Columbus in 1494. Many of the indigenous people either were killed or died of diseases, after which the Spanish brought large numbers of African slaves to Jamaica as labourers. The island remained a possession of Spain until 1655, when England (later Great Britain) conquered it, renaming it ''Jamaica''. Under British colonial rule Jamaica became a leading sugar exporter, with a plantation economy dependent on the African slaves and later their des ...
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Grenada
Grenada ( ; Grenadian Creole French: ) is an island country in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada consists of the island of Grenada itself, two smaller islands, Carriacou and Petite Martinique, and several small islands which lie to the north of the main island and are a part of the Grenadines. It is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines. Its size is , and it had an estimated population of 112,523 in July 2020. Its capital is St. George's. Grenada is also known as the "Island of Spice" due to its production of nutmeg and mace crops. Before the arrival of Europeans in the Americas, Grenada was inhabited by the indigenous peoples from South America. Christopher Columbus sighted Grenada in 1498 during his third voyage to the Americas. Following several unsuccessful attempts by Europeans to colonise the island due to resistance from res ...
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Dominica
Dominica ( or ; Kalinago: ; french: Dominique; Dominican Creole French: ), officially the Commonwealth of Dominica, is an island country in the Caribbean. The capital, Roseau, is located on the western side of the island. It is geographically situated as part of the Windward Islands chain in the Lesser Antilles archipelago in the Caribbean Sea. Dominica's closest neighbours are two constituent territories of the European Union, the overseas departments of France, Guadeloupe to the northwest and Martinique to the south-southeast. Dominica comprises a land area of , and the highest point is Morne Diablotins, at in elevation. The population was 71,293 at the 2011 census. The island was settled by the Arawak arriving from South America in the fifth century. The Kalinago displaced the Arawak by the 15th century. Columbus is said to have passed the island on Sunday, 3 November 1493. It was later colonised by Europeans, predominantly by the French from the 1690s to 1763. The Frenc ...
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Cuba
Cuba ( , ), officially the Republic of Cuba ( es, República de Cuba, links=no ), is an island country comprising the island of Cuba, as well as Isla de la Juventud and several minor archipelagos. Cuba is located where the northern Caribbean Sea, Gulf of Mexico, and Atlantic Ocean meet. Cuba is located east of the Yucatán Peninsula (Mexico), south of both the American state of Florida and the Bahamas, west of Hispaniola ( Haiti/Dominican Republic), and north of both Jamaica and the Cayman Islands. Havana is the largest city and capital; other major cities include Santiago de Cuba and Camagüey. The official area of the Republic of Cuba is (without the territorial waters) but a total of 350,730 km² (135,418 sq mi) including the exclusive economic zone. Cuba is the second-most populous country in the Caribbean after Haiti, with over 11 million inhabitants. The territory that is now Cuba was inhabited by the Ciboney people from the 4th millennium BC with the Gua ...
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Belize
Belize (; bzj, Bileez) is a Caribbean and Central American country on the northeastern coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a water boundary with Honduras to the southeast. It has an area of and a population of 441,471 (2022). Its mainland is about long and wide. It is the least populated and least densely populated country in Central America. Its population growth rate of 1.87% per year (2018 estimate) is the second-highest in the region and one of the highest in the Western Hemisphere. Its capital is Belmopan, and its largest city is the namesake city of Belize City. Belize is often thought of as a Caribbean country in Central America because it has a history similar to that of English-speaking Caribbean nations. Indeed, Belize’s institutions and official language reflect its history as a British colony. The Maya civilization spread into the area of Beli ...
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Bahamas
The Bahamas (), officially the Commonwealth of The Bahamas, is an island country within the Lucayan Archipelago of the West Indies in the Atlantic Ocean, North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the archipelago's population. The archipelagic state consists of more than 3,000 islands, cays, and islets in the Atlantic Ocean, and is located north of Cuba and northwest of the island of Hispaniola (split between the Dominican Republic and Haiti) and the Turks and Caicos Islands, southeast of the U.S. state of Florida, and east of the Florida Keys. The capital is Nassau, Bahamas, Nassau on the island of New Providence. The Royal Bahamas Defence Force describes The Bahamas' territory as encompassing of ocean space. The Bahama Islands were inhabited by the Lucayan people, Lucayans, a branch of the Arawakan-Taino language, speaking Taíno, for many centuries. Christopher Columbus was the first European to see the islands, making hi ...
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