The Inter-American Development Bank signed the Alliance for Security, Justice and Development with Argentina, Bahamas, Barbados, Belize, Brazil, Chile, Costa Rica, Dominican Republic, Ecuador, Guatemala, Guyana, Honduras, Jamaica, Panama, Paraguay, Peru, Suriname and Uruguay.

The objective of this regional alliance, open to new participants, is to design concrete policies and actions to fight organized crime.

“The Alliance, in which Ecuador will hold the first pro tempore presidency, will have a steering committee, a technical secretariat in charge of the IDB and three working groups that will promote policies and concrete actions and define metrics.”

The working groups will focus on the three pillars of the initiative: “protecting vulnerable populations, strengthening security and justice institutions, and reducing illegal financial markets and flows.”

The Alliance for Security, Justice and Development will have the support of at least 11 organizations, such as the Organization of American States (OAS), the International Criminal Police Organization (Interpol) and the World Bank (WB).

M.Pino

Source: cnnespanol

(Reference image source: Yunus Tuğ for Unsplash+)

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La entrada Latin America and the IDB create an alliance against organized crime apareció primero en Bitfinance.

In a meeting held this Saturday in the city of Kingston, China and Jamaica highlighted the positive results of bilateral cooperation, which has allowed progress in different projects in areas such as education, trade, technology, science, economy and agriculture, among others.

The meeting was attended by “the Minister of Foreign Affairs of China, Wang Yi, and the Minister of Foreign Affairs and Foreign Trade of Jamaica, Kamina Johnson Smith.”

During the important meeting, both officials “highlighted the fruitful results of bilateral cooperation.” China’s assistance projects to the Caribbean country have been based on respect and mutual trust, in addition to being focused on the greatest benefit for citizens.

Kamina Johnson Smith stressed that “Jamaica values ​​China’s experience in governance and has been strengthening economic development planning and striving to eliminate poverty,” adding that her country “hopes to expand bilateral cooperation in infrastructure, economy and trade, agriculture, education, science and technology, while developing a strong strategic partnership with China.”

For his part, Wang declared that despite the geographical separation between both nations, they are united by a deep tradition of cooperation and friendly exchanges, since the first immigrants from China arrived in Jamaica 170 years ago.

Bilateral cooperation has yielded fruitful results, “bringing tangible benefits to both peoples,” said Wang, who highlighted his country’s willingness to continue supporting Jamaica “in accelerating development and national revitalization, to write a new chapter.” of the friendship between China and Jamaica and achieve new achievements in mutually beneficial bilateral cooperation.”

M.Pino

Source: Spanish.news.cn

(Reference image source: Caidrro, Unsplash)

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El Salvador marked a historical process with its Bitcoin Law, a phenomenon that is driving progress towards the digitization of the economies of other Central American countries. Honduras is in the research for feasibility, and risk-benefit analysis phase of a digital currency project. While Guatemala has already decided on the name of its future CBDC.

The president of the Central Bank of Honduras, Wilfredo Cerrato, expressed his commitment to “determine the viability of conducting a pilot test issuing its own digital money or a digital currency of the central bank” and urged the highest monetary authority in the region, the Council Central American Monetary, to participate in the initiative.

Meanwhile, the vice president of the bank of Guatemala, José Alfredo Blanco, said that his country plans to name its “future CBDC: iQuetzal, the same as its fiat currency.” Although he stressed that there is a group of people working on the project since the beginning of the year, “they will not rush in its development.”

For its part, the Bahamas plans to approve its Sand Dollar in a few months, while Jamaica is already experimenting “with its own digital currency.”

At the global level, the latest development of a digital currency is being carried out by Nigeria, which plans to launch its eNaira on October 1st. This African country has experienced an acute crisis that forced the inhabitants to take refuge in “decentralized cryptocurrencies” to protect their resources. With the launch of this currency, the authorities are trying to incorporate citizens “into the national system with a digital alternative.”

M. Rodríguez

Source: cripto247.com

La entrada Honduras and Guatemala seek digital options for their financial system apareció primero en Bitfinance.

The Bank of Jamaica, BOJ, through its CBDC division officially announced the demonstration of the minting process of the digital currency, within the framework of a financial ceremony, where the Minister of Finance of Jamaica, Nigel Clarke, the governor of the BOJ, Richard Byles, and a group of top BOJ executives, as well as a management team from Irish technology firm eCurrency Mint.

Jamaica is making strong progress with a digital version of the Jamaican dollar, minting the nation’s first batch of CBDCs. According to the announcement: the Bank plans to issue a total of 230 million JMD, equivalent to 1.47 million dollars, in the form of CBDC for those institutions that accept deposits and authorized payment service providers as part of a digital currency pilot program ending in December.

Finance Minister Nigel Clarke noted that the country’s legislative representatives are “working on a legislative amendment to provide a legal basis for Jamaica’s CBDC by the end of 2021“, further acknowledging the speed with which the project has been developed. of digital currency in the country.

For his part, Richard Byles, BOJ governor, explained that CBDC’s next step will be to “guarantee widespread access and acceptance by bringing CBDC to users“, for which they plan to apply strategies that allow it to obtain different benefits between which highlight easier access means for efficient and secure payments.

All this process of digitizing the currency in the country will allow the BOJ and the other institutions responsible for accepting deposits an opportunity “to improve the processes and costs of cash management.”

The development schedule of the project on the creation and implementation of digital currency in the country is progressing adequately. The CBDC has the responsibility to “complete the Jamaican banknotes, which allows financial institutions to issue the currency to individual and commercial account holders with each digital token linked to the JMD in a 1: 1 ratio.”

M. Rodríguez

Source: es.cointelegraph.com

La entrada Bank of Jamaica issues its first digital currencies apareció primero en Bitfinance.