August 6, 2021 IDB Invest, a member of the IDB Group, has provided a syndicated, 4.5-year loan to JMMB Bank (Jamaica) Limited, which will allow the bank to access $31…
Category: CARIBBEAN BUSINESS AND FINANCE
St Kitts and Nevis Ranks as Strongest Passport Amongst Caribbean Citizenship by Investment Countries
August 3, 2021 For the fifth consecutive year, St Kitts and Nevis has topped rankings for offering the strongest passport amongst all Caribbean nations that offer Citizenship by Investment (CBI)…
CariCRIS reaffirms “good creditworthiness” ratings for The Beacon Insurance Company Limited
August 3, 2021 Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the assigned corporate credit ratings of CariA- (Foreign and Local Currency Ratings) on the regional rating scale…
ExxonMobil announces oil discovery at Whiptail, offshore Guyana
By: Staff Writer July 30, 2021 A cabinet minister in Guyana said the country has found oil again, this time at the Whiptail site offshore estimated over $9bn barrels Vickram…
2021 ARTICLE IV CONSULTATION—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR DOMINICAN REPUBLIC
July 30, 2021 Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2021 Article IV…
Statement by the International Monetary Fund Managing Director on Suriname
July 30, 2021 At an Executive Board meeting held today, staff updated Executive Directors on recent developments in Suriname and the authorities’ request for an arrangement under the Extended Fund…
CEDA’s Executive Director to Deliver Keynote Address at St. Kitts and Nevis Trade and Investment Forum
July 27, 2021 St. Kitts and Nevis senior policymakers to engage in robust public-private sector dialogue as they plan to advance the island’s developmental priorities. The new strategic approach is…
Dukharan on “concocted” EU Blacklists.
July 27, 2021 Caribbean economist Marla Dukharan in her monthly Caribbean economic report for July calls out the European Union’s “concocted” financial blacklist.
Food Outlets reopen in Trinidad and Tobago.
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com July 20, 2021 After close to three months of total closure, food outlets and vendors were allowed to resume their business on Monday July 19, however,…
CariCRIS assigns ‘good’ creditworthiness ratings to the proposed bond issue of up to US $285 million of Sage Power Limited
July 20, 2021 Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initialratings of CariA- (Foreign and Local Currency Ratings) on the regional rating scale andjmAA- on the Jamaica…
Worried South Africans Need Options Now More Than Ever
July 20, 2021 A week of increasingly violent unrest in South Africa has left citizens fearful for their safety and deeply concerned as to what the future might bring. The…
St. Vincent and the Grenadines: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for St. Vincent and the Grenadines
July 20, 2021 The Executive Board of the International Monetary Fund (IMF) approved today a disbursement to St. Vincent and the Grenadines following its request under the Large Natural Disaster…