June 21, 2022 The construction phase of the US$ 46 million (mn) Montserrat Port Development Project, which will increase accessibility and improve trade opportunities for the island’s residents, is now…
Category: CARIBBEAN BUSINESS AND FINANCE
Guyana to promote the use of renewable energy sources with IDB and Norway support
June 21, 2022 Guyana will promote its energy matrix diversification by promoting climate-resilient renewable energy sources use in the electricity generation matrix to avoid deforestation and face climate change, with a…
Powertranz and Bluefin add support for MultiLink J.E.T.S. debit card in Jamaica
June 10, 2022 Bluefin, the leading provider of data and payment security technologies including PCI-validated point-to-point encryption (P2PE) solutions, and Powertranz, the local leader in Card Present gateway/payment processing for…
Suriname: Technical Assistance Report on Government Finance Statistics Mission
June 7, 2022 At the request of the Suriname authorities, a remote technical assistance (TA) mission took place during December 6–17, 2021. The mission was conducted in coordination with the…
Kingdom of the Netherlands – Curaçao and the Monetary Union of Curaçao and Sint Maarten: Staff Concluding Statement of the 2022 Article IV Mission
June 7, 2022 Curaçao is recovering from the pandemic but faces multiple challenges, including strong inflation pressures stemming from the war in Ukraine. Policies need to be calibrated to support…
Guyana: Staff Concluding Statement of the 2022 Article IV Mission
June 7, 2022 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare (incoming mission head) and Meredith McIntyre (outgoing mission head) held virtual discussions during…
ENERGY CONFERENCE PUTS RENEWABLES HIGH ON AGENDA
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com June 3, 2022 The Energy Chamber of Trinidad and Tobago got their long-awaited annual Energy Conference kicked off this week at the Hyatt Regency Hotel in…
US Congresswoman calls for end to de-risking!
By: Staff Writer June 3, 2022 United States Congresswoman Maxine Waters has called for President Joe Biden to put an end to de-risking in the interest of the Caribbean ahead…
CariCRIS assigns ‘high’ creditworthiness ratings to the bond issue of up to TT $100 million of Development Finance Limited
May 31, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initial issue ratings of CariAA- (Foreign and Local Currency Ratings) on the regional rating scale, and ttAA-…
Crowley Inaugurates Liquified Natural Gas (LNG) Facility in Peñuelas, Puerto Rico Strategic LNG hub expands sustainable energy for customers in the Caribbean
May 31, 2022 Crowley, the longest-serving U.S. supply chain company with a nearly 70-year history in Puerto Rico, today inaugurated its state-of-the-art LNG Loading Terminal in the southern town of Peñuelas.…
itel Celebrates Grand Opening of its New Site in Kingston, Jamaica
May 31, 2022 itel, an award-winning customer experience provider founded in Jamaica, celebrated the grand opening of its newest site located on Chalmers Avenue in Kingston with an event held on May 25. Next…