March 29, 2022 Supporting and finding innovative solutions for countries like Montserrat that are confronted with the dual challenges of being a small state and facing significant environmental hazards, remain…
Category: CARIBBEAN BUSINESS AND FINANCE
Suriname: First Review under the Extended Arrangement under the Extended Fund Facility, and Financing Assurances Review-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Suriname
March 29, 2022 On December 22, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of 366.8 percent of quota (SDR 472.8…
IMF Executive Board Completes First Review of the Extended Fund Facility Arrangement for Suriname
March 25, 2022 The IMF Executive Board completed the first review of the extended arrangement under the Extended Fund Facility (EFF) for Suriname, allowing for an immediate disbursement equivalent to…
IDB Approves New Country Strategy for Trinidad and Tobago on Digital Transformation
March 25, 2022 Inter-American Development Bank (IDB) President Mauricio Claver-Carone and Trinidad and Tobago Minister of Planning & Development Pennelope Beckles met today to discuss upcoming plans for the IDB’s…
Caribbean’s natural strengths are “inclusiveness, resilience, competitiveness and diversity,” Guyana’s President tells global investors
March 25, 2022 Dr Mohamed Irfaan Ali promotes region at ‘Caribbean Investment Forum’ at Expo Dubai 2020. Over 250 investors attended forum to hear about Caribbean investment opportunities. President Ali:…
WHERE THE POWER OF TOURISM MEETS LOCAL CARIBBEAN COMMUNITIES: SANDALS® RESORTS ANNOUNCES ’40 FOR 40 INITIATIVE’ PROJECTS
March 22, 2022 In partnership with its philanthropic arm, the not-for-profit Sandals Foundation, Sandals Resorts International (SRI) announces the full list of projects under its 40 for 40 Initiative. Launched as part…
Staff Concluding Statement of the 2022 Article IV Mission- The Bahamas
March 22, 2022 The Bahamas’ tourism-dependent economy was hit hard by the COVID-19 pandemic which came on the heels of the devastation caused by Hurricane Dorian. The economy is recovering…
Grenada: Disaster Resilience Strategy: IMF
March 18, 2022 Natural disasters and climate change are existential threats to Grenada, with annual losses from these events estimated at 1.7 percent of GDP. Grenada has proactively pursued resilience-building,…
Turks and Caicos Islands to Host 2022 CDB Board of Governors Meeting in June
March 15, 2022 The 52nd Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB) is scheduled for June 14 – 16, 2022 in the Turks and…
CARIBBEAN ACADEMICS DISSECT IMPLICATIONS OF RUSSIAN OIL ON REGION
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com March 15, 2022 Caribbean Academic heads sought to come together to discuss the possible implications the Russia Ukraine Invasion could have on the region. Concerns have…