By: The International Monetary Fund March 2, 2021 Known for its lush tropical forests, universal health care system, and punching far above its weight in global environmental activism, Costa Rica…
Category: BUSINESS AND FINANCE
IMF Executive Board Approves a 36-month US$ 1.778bn Extended Arrangement under the Extended Fund Facility for Costa Rica and Concludes 2021 Article IV Consultation
By: The International Monetary Fund March 2, 2021 The IMF Executive Board approved today a 36-month US$1.778 billion arrangement under the Extended Fund Facility (EFF) to help support Costa Rica’s…
Cabot St Lucia is going at near $3m per lot- First phase to be completed end of 2022
By: Staff Writer February 26, 2021 St Lucia luxury resort to create 500 direct jobs to the island when completed, sales have already exceeded $50m. Kristine Thompson, chief executive officer…
Private island sales in the region have seen an “uptick” despite the pandemic!
By: Staff writer February 26, 2021 A private island realtor said that private island sales have seen an “uptick” in people showing interest, highlights that buyers want privacy. Sabah Memon,…
IDB Group Presents Comprehensive Plan to Help Central America Confront Natural Disasters
February 26, 2021 UP TO $1.6BN WILL BE MADE AVAILABLE TO HONDURAS, GUATEMALA AND NICARAGUA OVER THE NEXT TWO YEARS TO INVEST IN REDUCING THEIR VULNERABILITY TO NATURAL DISASTERS The…
Biomerics Announces Expansion Of Costa Rica Operations
February 23, 2021 Biomerics, a leading mid-market medical device contract manufacturer, announced it is doubling its manufacturing footprint in the La Zeta Free Trade Zone in Cartago, Costa Rica. Biomerics…
Inspired and The CAGE Companies Announce Exclusive Virtual Sports Agreement Across the Caribbean
February 23, 2021 Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) announced today it has entered into an exclusive agreement with The CAGE Companies (An RLJ Companies Majority Owned Company) and its…
Slow 2021 Tourism Recovery for Caribbean, Central America- says Fitch!
By: Staff Writer February 19, 2021 Fitch, the international ratings agency, is predicting slow tourism growth for 2021 for the Caribbean and Central America. They said: “Current account deterioration was…
LIVE AQUA BEACH RESORT PUNTA CANA STARTS OPERATIONS
La Colección Resorts by Fiesta Americana, a collection of distinctive hotels throughout Mexico and now the Dominican Republic, today officially starts operations of the long-awaited Live Aqua Beach Resort Punta…
Colombia: Navigating the Pandemic and High Uncertainty, while Securing the Recovery
By: The International Monetary Fund February 16, 2021 Faced by a pandemic that led to the largest recession on record—with vulnerable groups particularly affected—Colombia used the flexibility afforded by its…
Digital Transformation- Embrace the new way of culture in The Bahamas
By: Kimberly Ramkhalawan Contributor kramkhalawan@caribmagplus.com February 12, 2021 The COVID-19 pandemic has pushed businesses across the world to come up with innovative measures to keep viable with the change in…