BARBADOS SIGNS UP FOR IMF’s RESILIENCE AND SUSTAINABILITY TRUST (RST) PROGRAM, WITH AN ACCOMPANYING EXTENDED FUND FACILITY

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 30, 2022 Fresh from her high-level talks at the United Nation’s, Barbados Prime Minister is sticking to her guns in getting the financing she says…

BARBADOS ANNOUNCES OFFSHORE BID ROUND COME DECEMBER 1ST

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 30, 2022 Barbados will open its Offshore Licensing Bid Round on December 1st, 2022.  Foreign Trade and Business Minister, Sandra Husbands, disclosed the statement earlier…

CariCRIS upgrades its Corporate Credit Ratings for JMMB Group Limited

September 30, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has upgraded by 1-notch the issuer/corporate credit ratings to CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and…

CHUCK E. CHEESE OPENS FIRST LOCATION IN SURINAME

September 30, 2022 Chuck E. Cheese, the world’s #1 family entertainment restaurant brand has opened its doors in Suriname, their first location in the market. The newly operational fun center…

IDB Invest and IFC Partner with HDF Energy and Rubis to Develop First Green Hydrogen Power Plant in Barbados

September 30, 2022 This project aims to provide electricity to 16,000 homes at a competitive tariff in Barbados, helping reduce emissions and add firm generation capacity through domestic and abundant…

IMF Executive Board Concludes 2022 Article IV Consultation with Guyana

September 30, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Guyana. Following the pandemic-induced recession in 2020, and protracted political transition, non-oil…

IMF Reaches Staff-Level Agreement with Barbados for a Resilience and Sustainability Trust (RST) program, with an accompanying Extended Fund Facility (EFF)

September 30, 2022 Barbados is the first country to reach a staff-level agreement to access the IMF’s Resilience and Sustainability Trust (RST), which aims to provide affordable, long-term financing to…

Country Report No. 2022/317 : Guyana: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

September 30, 2022 Following the pandemic-induced recession in 2020, economic growth recovered in 2021, with non-oil GDP growth reaching 4.6 percent, despite being negatively impacted by floods. Inflation increased markedly…

CDB Strengthening Saint Lucia’s Private Sector with Support to MSMEs

September 30, 2022 An estimated USD3.7 million has been committed by the Caribbean Development Bank (CDB) to support Saint Lucia’s Micro, Small & Medium Enterprises (MSMEs). Under a new initiative,…

TRINIS TO FACE MORE AT PUMPS, 2023 BUDGET PEGGED AT $57.68B

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 27, 2022 While it came as no surprise to many locals in Trinidad and Tobago, the price they face at the pumps this week, has…

Dominican Republic Takes Tentative Measures against Haiti Gangs

September 27, 2022 Officials in the Dominican Republic have made a series of moves this year to try and prevent a spillover of Haitian organized crime, yet they do not…

DUKHARAN:  ONE WISH FOR T&T FISCAL BUDGET FY2022/2023 – PLEASE, MAKE IT MAKE SENSE

September 27, 2022 A top regional economist lays out the Trinidad and Tobago fiscal budget 2022/2023, begging policy makers to make sense out of their decisions. Marla Dukharan, in her…