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Obama commits US$70m to help Caribbean, Latin entrepreneurs

The United States today committed nearly US$70 million to help young entrepreneurs in Latin America and the Caribbean develop their businesses through fellowships and incubators in the US.

The programme is called Young Leaders of the Americas Initiative (YLAI).

President Barack Obama made the announcement at the youth forum at the Assembly Hall of the University of the West Indies, Mona.

US President Barack Obama addressing the young people.

US President Barack Obama addressing the young people.

Building on the success of the president’s young leader initiatives in sub-Saharan Africa and Southeast Asia, YLAI is expected to incubate and accelerate the work of young business and civil society leaders from Latin America, the Caribbean and the United States.

The YLAI will provide 250 fellowships each year to enable participants from the United States and the region to develop joint business and civil society initiatives.

The preponderance of the fellowships will take place at universities, incubators, and non-governmental organisations across the United States, while follow-on exchanges will send Americans to Latin America and the Caribbean to continue the collaboration.

The YLAI fellows will receive ongoing support through a continuum of networking, mentorship and investment opportunities.

Obama engaged the students and youth leaders at the forum in a question and answer session which saw him fielding questions from the more than 300-strong audience.

“I want to use this opportunity to hear from you the youth and leaders of tomorrow,” President Obama said, as he took off his jacket and rolled up his shirt sleeves to hear from those gathered.

The visit to the university came on the second day of his trip, after arriving in the island last night.

The president fielded questions alternatively from males and females on a range of issues, including the legalisation/decriminalisation of marijuana, immigration, China’s rise in power and its territorial war with Vietnam over the south China Sea, and violence among young black men.

Source: (Jamaica Observer)

6 Responses to Obama commits US$70m to help Caribbean, Latin entrepreneurs

  1. Jon Near
    Jon Near April 10, 2015 at 3:33 am

    That’s the Caribbean brought off by the Zionists then..

  2. Marsha Peppa Fly Hinds-Layne
    Marsha Peppa Fly Hinds-Layne April 10, 2015 at 5:58 am

    guess somebody told the Prez about our gi to muh cap in hand mentality…

  3. Les Carr
    Les Carr April 10, 2015 at 6:33 am

    on the rare occasions that they announced an initiative such as this, they always lump the Catibbean with South and Central America. Out of the $70 million, the Carubbean will benefit little and the impact will be nothing more than minimal. Why hold your breath.

  4. Alex Alleyne April 10, 2015 at 7:10 am

    This amount is an insult to the leaders of the Caribbean . Not even enough for one Island . Come on Perz, you got DEEP POCKETS.

  5. Patrick Blackman April 10, 2015 at 2:20 pm

    Obama is an insult to black people and is a war criminal.

  6. Joel C. Payne
    Joel C. Payne April 10, 2015 at 8:03 pm

    US$70m? that will be a mere flash in a pan you know? Look at Barbadian ventures already on asking for tens of thousands of dollars. Now, $70 million divided (by what?) 30 something countries across Latin America and the Caribbean.


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