On October 14, the supervisory board of IEDOM (Institut d’Emission des Départements d’Outre-mer) met at City Hall. This meeting was a first in the political annals of the island, and took place as it nears the eminent transformation to an Overseas Collectivity. Jean-Paul Redouin, vice-governor of the Banque de France, presided over the meeting, which included the 21 members of the board who are from the Banque de France, The Overseas Ministry, the Finance, Industry and Economic Ministry and the senior staff of IEDOM.
This institution meets twice a year, generally in Paris in the first half of the year and in an overseas location in the latter half. This time, Alain Vienney, the managing director of IEDOM, wanted the meeting to take place in the Northern Islands in order to take advantage of the trip to observe the effects of the circulation of the euro.
L’IEDOM is a public institution founded in 1941 to supervise the actions of the central bank in the Overseas departments (DOMS). When it was created, IEDOM was essentially responsible for putting money into circulation in the DOMS. Since 1975, since the suppression of specific money for the DOMS, the institution has been given new functions, including the circulation of money from the Banque of France, and since the introduction of the euro, IEDOM has been responsible for the placement of the European money. They also ensure professional services for the banking community or debtors and creditors. IEDOM works in collaboration with banks to keep an eye on professional regulations, as well as the proper functioning of payment systems and check cashing procedures. They also assure governmental accounts and those of the Public Treasury, as well as over-drafts by businesses and financial accounting procedures.
L’IEDOM serves as the economic watchdog for the four DOMS, as well as the collectivities of Mayotte and of Saint-Pierre and Miquelon. It presents reports on a regular basis and publishes monthly and tri-annual bulletins as well as annual reports for each zone, presenting the current economic and financial situation of each department or collectivity. The data that is collected comes from the principal index of consumer spending in each sector as well as opinion polls conduced with business leaders. Until now, the little bit of information collected in St Barth was added to that of Guadeloupe as part of the overall statistics for the department.
In view of the future Overseas Collectivity in Saint Barth, Alain Vienney met with Bruno Magras last year. He proposes to the mayor that they publish a report specific about St Barth that would provide reliable statistics for the comparison of evolution of various economic sectors on the island, by gathering information from companies. “There are no developed countries that do not have statistics about their economic evolution,” confirmed Jean-Paul Redouin during the press conference, which was held at the end of the meeting. A delegation from IEDOM held similar meetings in St Martin last year with the various business leaders of the island, but things are more complicated there due to its double economy.
In opening the meeting on October 14, Bruno Magras presented the different economic sectors of St Barth, and answered questions from the council during a buffet breakfast. The agenda for the meeting ranged from an examination of IEDOM’s budgets and a study of the evolution of the economic situation in the DOMS and Overseas Collectivities. The council then evaluated other economic factors such as the establishment of credit and cooperation between IEDOM, the French Agency for Development, and INSEE. This gives the main players in the economic arena the indicators they need for a rapid evaluation of the economic situation.
Beyonce and Jay-Z have taken their daughter on her first vacation. The couple, who celebrated their fourth wedding anniversary last week, have been enjoying the sunshine on the Caribbean island of St. Barts with three-month-old Blue Ivy over the weekend, and took the tot for a day trip on a yacht.
...
Kick-off Les Voiles de Saint Barth 2012 Caribbean regatta in the magical French West Indies sailing paradise!
Today the prestigious and top-class Caribbean sailing regatta Les Voiles de St. Barth 2012 with Gaastra Sportswear as the official partner starts: At the third edition run...
Inside the Bucket.
This video features the 2012 St Barths Bucket Regatta and music by the Evan Goodrow Band. Special thanks to the entire crew of the Rebecca, Baz Bar, St Barths Online and the guys from the Evan Goodrow Band for putting on a fantastic show. The song from the Evan Goodrow Band is c...
On board with Rebecca.
The best event in St Barths took place on March 24 - 27, 2012. This video features the beautiful 141 ft sailing yacht, The Rebecca.
produced by Real Media Travel for St. Barths Online and Baz Bar St Barth.
The age old saying of "I need a holiday to get over my holiday" actually seems applicable if you happen to be Paul McCartney.
The Beatle took wife Nancy Shevell on a romantic break to the Caribbean island of St Barts, just days after the pair visited Paris.
Last week, the lovebirds showed support ...
On the day their pregnancy news was announced, Thor star Chris Hemsworth, 28, and Elsa Pataky, 35, were seen in sunny St. Barts, France on Wednesday (January 18). The Fast Five actress looked lovely in blue, sporting her beautiful baby bump.
Chris Hemsworth and Elsa Pataky
Chris and Elsa - w...
She might be 44, but Tamara Mellon still boasts a figure that women half her age would be proud of.
The Jimmy Choo co-founder showed off her toned figure in a sexy animal-print bikini as she hit the beach with her daughter in St Barts yesterday.
The skimpy string two-piece highlighted Tamara's env...
With almost every other celebrity couple enjoying the New Year in exotic locations, Gary and Danielle Lineker weren't going to be any different.
The married couple were spotted enjoying a romantic walk along a beach in St Barts today - and looked very much in love.
Gary, 51 and his wife, 32, had o...
Which beaches to choose?
The glamorous island of St Barts is one of the Caribbean's top beach destinations. Ringing the island are immaculate strips of sand and ethereal turquoise waters. The shallow reefs that encircle the island help to protect these renowned beaches, and they also provide excell...
St. Barts, Why Not?
Since the wealthy and celebrated frequently visit St. Barts for a tropical vacation, you will find that many plush St. Barts Resorts can be found on this stunning island. For those taking St. Barts holidays, it is simple to find hotels with each luxury available. Frequently thes...
Vacation With the Rich and Famous at St. Barts.
Want to bump into celebrities and be seen hanging out where the rich and famous play? Then the Caribbean island of St. Barts is the place to be.
While warm sand and blue waters do make an ideal vacation location, this destination has that and a whol...
Where to go for one day in Caribbean?
St. Maarten / St. Martin
The half-Dutch, half-French island of St. Maarten/St. Martin, with its many restaurants and hotels, makes a great base for an island-hopping adventure. Graced by the nickname Unspoiled Queen, tiny little Saba is not the kind of Caribbe...
Villa La Plage in St Barts.
The posh French resort isle of St. Barth's was already a prize destination when Roman Abramovich purchased an estate there for $89 million in 2009; since the oligarch arrived it has become even more so.
Now Christie's International Real Estate has listed another impres...
Baywatch in St Barts.
Making it official after five years of engagement, Brooke Burke and beau David Charvet have reportedly tied the knot while yachting in St. Barts.
According to Life & Style, the "Dancing with the Stars" host and the former "Baywatch" hunk, who have been vacationing in the...
St. Barth Summer Sessions Aug. 5-15, 2011
St Barth Summer Sessions 2011 this year will have a focus on artists from Brazil. The festival will take place at a variety of different venues all over the island, and in the end of the festival there will be a big common concert in the Harbor of Gustavia ...
The Eclipse, no ordinary yacht.
It probably hasn't escaped your attention that, with modern methods of transport, measuring and telecommunication, no "terra incognita" is safe from the crazed enthusiasm of certain explorers of scientists. Everything has already been discovered and minutely placed o...
Ashley Rodriguez Trio
Ashley Rodriguez, one of the famous finalist from the American Idol 2010 is back in St Barth between May 5-15. Ashley was participating last summer for the St Barth Summer Session in august 2010 at La Plage and she will now come with her 'All Girls Band', Liz on the guitar ...
The La Plage restaurant introduce :
ST BARTH SUMMER SESSIONS
« 5 to 15 august 2010, 10 days of crazy music ! »
Festival program
La Plage St Jean Tel: 0590 52 81 33 Email: tombeach@wanadoo.fr Site: www.stbarthsummersessions.com
THE GREAT FISH DEBATE There seems to be a bone of contention among a few of my friends. Fine folks who love some of the finer things in life, such as Dover Sole That flat fish floating in butter and capers. Known in French as Sole Meunière, it is made from what is called in European fisherman ver...
