September 1, 2023 Haiti faces a challenging macroeconomic outlook amid a dire humanitarian crisis. The country has been hit hard by the economic spillovers from Russia’s invasion of Ukraine, with…
Category: CARIBBEAN BUSINESS AND FINANCE
IMF Management Approves a New Staff Monitored-Program with Haiti
September 1, 2023 Management of the International Monetary Fund (IMF) approved on June 29, 2023 a Staff-Monitored Program (SMP) with Haiti which runs through March 31, 2024. The new 9-monthSMP…
Suriname and the IMF Reach Staff-Level Agreement on the Third Review of the Extended Arrangement Under the Extended Fund Facility
September 1, 2023 An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted virtual and in-person mission with the Surinamese authorities during August 7-22 to discuss policies to…
IMF Executive Board Completes the First Reviews under the Precautionary and Liquidity Line and Resilience and Sustainability Facility with Jamaica
September 1, 2023 The Executive Board of the International Monetary Fund (IMF) completed the first reviews of the Precautionary and Liquidity Line (PLL) and the Resilience and Sustainability Facility (RSF)…
Regulatory challenges hampering Fin-Tech evolution in Caribbean
By: Staff Writer August 25, 2023 Mastercard has “no preference,” on which Fin-Tech they support in the Caribbean as they have committed to broadening their support for unbanked Caribbean areas…
CEO: Healthcare shortages are no match for digital recruitment
August 25, 2023 Many Caribbean countries, similar to those around the world, have been challenged with having enough healthcare workers, especially after the worst of the COVID-19 pandemic. However, the…
Bahamas DPM calls for “Bold New Caribbean” ahead of Investment forum
By: Staff Writer August 22, 2023 The Deputy Prime Minister of The Bahamas said the country is looking forward to hosting the Caribbean Investment Forum this year. Chester Cooper, also…
The Bahamas: Technical Assistance Report-Operationalizing the New Bank Resolution Framework and Amended Deposit Insurance Legislation—Second Mission
August 22, 2023 The CBOB has made good progress in implementing recovery plans for the domestic systemically important banks (DSIBs). Building on this progress, the mission recommends that the CBOB…
The Bahamas: Technical Assistance Report-Operationalizing the New Bank Resolution Framework and Amended Deposit Insurance Legislation—First Mission
August 22, 2023 The Bahamas has made considerable progress in developing the infrastructure needed for an effective bank recovery and resolution regime. Following recommendations of the 2019 FSAP, the new…
Increased connectivity comes at the price of cyber-attacks!
By: Staff Writer August 18, 2023 The Caribbean must be prepared to do more when it comes to combatting cyber-crime as the price tag for attacks is $90bn and only…
CEO congratulates successful summer youth employment programmes
August 18, 2023 The CEO of a regional recruitment firm is congratulating the success of the government’s youth summer programmes, lauding it as a positive for young Bermudians, the public…
Regional recruitment firm has high hopes for National Labour Committee
August 18, 2023 A National Labour Committee would help boost local and regional employment, helping to support Guyana’s continued economic growth, suggested the CEO of a Caribbean recruitment firm. Caribbean…