September 26, 2025 The Bahamas, Barbados, Suriname and T&T all have external debt levels that surpass the level of Foreign Exchange Reserves, meaning that >100% of their reserves are borrowed.…
Category: BUSINESS AND FINANCE
New Credit Line Supports Costa Rica’s Remarkable Reforms
September 26, 2025 In early June, the IMF approved a two-year Flexible Credit Line (FCL) for Costa Rica. This followed the Central American nation’s years-long and ambitious reform agenda, which…
CDB Provides Five New Ambulances to Strengthen St. Vincent and the Grenadines’ Health System
September 23, 2025 The Caribbean Development Bank (CDB, the Bank) with resources provided by the Inter-American Development Bank (IDB), has supported the Government of St. Vincent and the Grenadines in…
From Kingston to Brooklyn: How Juici Patties Is Bringing Caribbean Comfort Food to America at Record Speed
September 19, 2025 There’s no food quite like the Jamaican patty. Ground meat and vegetables, seasoned with authentic Jamaican spices and a healthy dose of Scotch bonnet peppers, are encased…
IMF Executive Board Concludes 2025 Article IV Consultation with Belize
September 16, 2025 The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Belize.[1] The authorities have consented to the publication of the Staff Report prepared…
Guatemala: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guatemala
September 16, 2025 Prudent macroeconomic management has supported a resilient economy, achieved low inflation, ample policy buffers and, for the last few years, a positive current account. Yet, more is…
Dominican Republic: Staff Concluding Statement of the 2025 Article IV Mission
September 16, 2025 Recent Economic Developments, Outlook, and Risks A strong growth rebound in 2024 was driven by external demand and ample liquidity conditions. Real GDP expanded by 5 percent on…
Kingdom of the Netherland-Curaçao and Sint Maarten: 2025 Article IV Consultation Discussions-Press Release; and Staff Report
September 12, 2025 Reaping the post-pandemic tourism boom, Curaçao’s and Sint Maarten’s economies have been expanding strongly, driven by stayover tourists and construction activity. Disinflation broadly continued, with some uptick…
IMF Executive Board Concludes 2025 Article IV Consultation with Guatemala
September 9, 2025 The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Guatemala.[1] The authorities have consented to the publication of the Staff Report…
CDB Marks Major Milestone with Financial Close on Dominica Geothermal Energy Project
September 5, 2025 The Caribbean Development Bank (CDB / the Bank) has reached financial close on a facility for the landmark Dominica Geothermal Energy 10MW Project. The facility is made…
THE BLEU MAGIC EFFECT: DOMINICA RUM BRAND DISRUPTS THE CARIBBEAN SPIRITS INDUSTRY IN UNDER A YEAR
September 2, 2025 In just 10 months, Bleu Magic, a bold new premium rum from Dominica, has captivated the Caribbean and beyond with its sleek branding, cultural storytelling, and meteoric…