The Inter-American Development Bank (IDB) approved a US$30m loan to support the short-term financial sustainability of the Micro, Small and Medium Enterprises (MSMEs) in Barbados to maintain employment in the face of the COVID-19…
Category: BUSINESS AND FINANCE
IMF gives Honduras $90m for COVID-19 relief.
By: Staff Writer December 18, 2020 IMF Executive Board Completes Third Reviews Under the Stand-By Arrangement and Arrangement under the Standby Credit Facility for Honduras. The IMF Executive Board’s completion…
IDB Invest promotes the development of tourism in Belize through Atlantic Bank
By: Staff Writer December 18, 2020 IDB Invest, a member of the IDB Group, will provide a loan to Atlantic Bank Limited (Atlantic Bank) for US$20m with a three-year tenor.…
Guyana to strengthen public policy response to the COVID-19 pandemic with IDB support
Guyana will strengthen its public policy and fiscal management response to the COVID-19 health and economic crisis with a US$34m loan from the Inter-American Development Bank (IDB). The operation, the first of a…
IMF takes note of massive trade shock in Central America at height of COVID-19 pandemic.
By Staff Writer December 18, 2020 The International Monetary Fund (IMF) released a country focus on the Central American region, looking at the impact the COVID-19 pandemic and Natural disasters…
CariCRIS further lowers the ratings on Mystic Mountain Limited
Below is a release from Caribbean ratings agency CariCris. Further to our rating downgrade effected on July 21, 2020, Caribbean Information & Credit Rating Services Limited (CariCRIS), the region’s credit…
RBC is proud to work with IDB in $250M (TT) Trinidad mortgage scheme.
By: Staff Writer November 11, 2020 A senior RBC executive said that he is “proud” to help provide finance to Trinidad’s Home Mortgage Bank as a part of an Inter-American…
Dominica resort receives international first as it strengthens its CBI portfolio during BREXIT!
By Staff Writer December 4, 2020 Dominica’s Cabrits Kempinski Resort Becomes the First Recipient of the Annual World MICE Awards The Commonwealth of Dominica’s real estate sector has been making international waves…
Colombia Draws on IMF Flexible Credit Line to Address the COVID-19 Pandemic
BY Staff Writer December 4, 2020 The Colombian government has made a drawing of US$ 5.4 billion under the Flexible Credit Line (FCL) arrangement in the context of the pandemic.…
It could take “years” for The Bahamas to recover from COVID-19 says IMF.
By Staff Writer December 4, 2020 The International Monetary Fund (IMF) said that it could take “years” for employment and income levels in The Bahamas to recover from the COVID-19…