March 25, 2025 IDB Invest provided a senior loan of up to US$15 million to Finabank to help expand its lending portfolio to small and medium-sized enterprises (SMEs) in Suriname,…
Category: CARIBBEAN BUSINESS AND FINANCE
Caribbean fear on Trump Chinese ship tax
By: Staff Writer March 21, 2025 Caribbean leaders are again in fear of a proposed US $1.5 million tax on Chinese ships entering into American ports as the obvious concern…
IFC and IDB Invest Partner to Expand Solar Energy Solutions in Haiti
March 18, 2025 In a significant move to strengthen Haiti’s recovery efforts and energy security, IFC – a member of the World Bank Group – and IDB Invest – the…
IMF Executive Board Concludes 2024 Article IV Consultation with St. Lucia
March 14, 2025 On February 7, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation[1] with St. Lucia and considered and endorsed the…
St. Lucia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Lucia
March 14, 2025 Healthy tourist arrivals and an expansionary fiscal stance have supported the economy and helped reduce unemployment, while inflation is declining rapidly on the back of lower commodity…
Republic Bank and Caribbean Export Partner to Help Businesses Thrive!
March 14, 2025 Small and Medium Enterprises are the backbone of economies across the Caribbean, Africa, and beyond, but access to finance and export opportunities remains a challenge. Mindful of…
IDB Invest, Proparco, Sagicor and Development Bank of Jamaica to Finance the Rio Cobre Water Treatment Plant
March 11, 2025 As the lead structuring bank, IDB Invest provided long-term financing for up to US$79 million, (equivalent to JM$12 billion in local currency) for the Rio Cobre Water…
IMF Reaches Staff-Level Agreement on the Final Review under Suriname’s Extended Fund Facility Arrangement
March 11, 2025 An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted discussions with the Surinamese authorities during February 5-14 on policies to complete the ninth and…
Guyana: Staff Concluding Statement of the 2025 Article IV Mission
March 11, 2025 Guyana’s economic transformation is advancing at a strong pace and broadening in scale. Rapidly expanding oil production, strong non-oil output, and large-scale public infrastructure investment supported the…
Caribbean Development Bank Pumps USD 17 Million into Bold Overhaul of Saint Lucia’s Education System
March 7, 2025 In a landmark effort to improve educational outcomes in Saint Lucia, the Caribbean Development Bank (CDB) has approved a USD 17 million loan to support the Government’s…