By: Staff Writer June 13, 2025 The Caribbean Development Bank (CDB) president said that under his tenure the bank is not standing still and is sharpening its focus on delivering…
Category: BUSINESS AND FINANCE
Caribbean Must “Raise Growth Potential through Deep Productivity Enhancing Reforms while Strengthening Resilience,” Urges IMF Deputy Managing Director Nigel Clarke at CDB Lecture
The Caribbean region must urgently prioritise boosting growth potential through productivity enhancing reforms while simultaneously building resilience against economic shocks and natural disasters. This imperative was highlighted by Dr. Nigel Clarke,…
IMF Executive Board Completes Third Reviews Under the Extended Fund Facility and Extended Credit Facility Arrangements for Honduras
June 13, 2025 The Executive Board of the International Monetary Fund (IMF) today completed the third reviews under the Extended Fund Facility and Extended Credit Facility arrangements for Honduras. The…
IMF Executive Board Concludes 2025 Article IV Consultation with Dominica
June 13, 2025 Dominica’s economic outlook is positive, predicated on the implementation of the country’s economic modernization and development agenda, but risks weigh on the downside. Fiscal and external imbalances…
Shifting to sustainable food systems in the LAC requires “seismic shift.”
By: Staff Writer June 10, 2025 The World Wildlife Fund (WWF) said in a recent report that financial sectors in the Latin American and Caribbean region had largely failed to…
ELAC Report: Revenue fell lowest in Caribbean in 22/23
By: Staff Writer June 3, 2025 The Economic Commission for Latin America and the Caribbean (ECLAC) in a recent report said that tax revenues fell by 21.3 percent between 2022…
IMF Executive Board Approves New Two-Year US$1.5 Billion Flexible Credit Line Arrangement for Costa Rica
June 3, 2025 The Executive Board of the International Monetary Fund (IMF) approved today a two-year arrangement for Costa Rica under the Flexible Credit Line (FCL) in an amount equivalent…
ELCAC: Public revenues declining in LAC
By: Staff Writer May 30, 2025 The Economic Commission for Latin America and the Caribbean (ECLAC) said in a new report that public revenues declined in Latin America and the…
IMF Reaches Staff-Level Agreement on the First Review under El Salvador’s Extended Fund Facility Arrangement
May 30, 2025 IMF staff and the Salvadoran authorities have reached staff-level agreement on the first review of the country’s extended arrangement under the Extended Fund Facility (EFF). They also…
US Congress proposes 5% tax on remittances of non-US citizens
By: Staff Writer May 27, 2025 The US Congress is proposing a 5 percent tax on remittances and money transfers of non-US citizens. A report by The Dialouge Leadership for…
ECLAC: Debt higher in LAC in 2024 than in 2023
By: Staff Writer May 27, 2025 The Economic Commission for Latin America and the Caribbean (ECLAC) said in a new report that bond market debt in the Latin American and…
Caribbean Credit Profiles Improve Despite Structural Challenges
May 27, 2025 Booming economies in the Caribbean, alongside fiscal consolidation and institutional reforms, have driven upward momentum for many sovereigns in the region, Fitch Ratings says in a new…