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Cabinet approves pharmaceutical strategy
CABINET has approved the Ministry of Industry and Commerce five year pharmaceutical strategy aimed at reviving companies to improve availability of locally manufactured medicines at affordable prices.
Industry and Commerce minister Sekai Nzenza said the pharmaceutical strategy, which will run from 2021 to 2025, was birthed after realising that the local industry was contributing a paltry 12% to the medicine on the market. The country imports 88% of the life-saving drugs.
She said government institutions and hospitals will be encouraged to buy drugs from local manufacturers to boost production.
Nzenza noted that the thrust of the strategy was to increase drug production from 30% to 60% while revenue is expected to increase from US$31,5 million to US$150 million by the year 2025.
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Public Sector Entities to Benefit from the CCREEE Project Preparation Facility
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Last November, the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) launched the private sector stream of the Project Preparation Facility (PPF) and today, the Centre kicked off the public sector stream with a roundtable discussion.
Several high-level participants with focal areas ranging from energy and finance to climate resilience and youth spoke under the theme, The Energy and Climate Nexus: Meeting Targets and Goals through Project Development. Among these was Barbados’ Energy Permanent Secretary and Chairperson of the CCREEE Executive Board, Mrs Francine Blackman, who in responding to a question from the moderator noted that “for us in Barbados, the 2008 oil crisis and a deteriorating fiscal position with close to 800 million spent annually to purchase oil, the government made a decision to use more of the natural resources around us.”
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Inicio » Eventos » Virtual Side Event on the margins of the 6th Annual Multi-stakeholder STI Forum for the Sustainable Development Goals: Gender Equality in Science, Technology and Innovation: Towards an Inclusive STI Ecosystem and Connectivity for All
Virtual Side Event on the margins of the 6th Annual Multi-stakeholder STI Forum for the Sustainable Development Goals: Gender Equality in Science, Technology and Innovation: Towards an Inclusive STI Ecosystem and Connectivity for All On the occasion of the 6th Annual Multi-stakeholder Forum on Science Technology and Innovation for the Sustainable Development Goals, the Permanent Mission of Chile to the United Nations, the Permanent Mission of Portugal to the United Nations, the International Telecommunication Union (ITU), the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), the United Nations Educational, Scientific and Cultural Organization (UNESCO), the United Nations Econ