March 11, 2025 As the lead structuring bank, IDB Invest provided long-term financing for up to US$79 million, (equivalent to JM$12 billion in local currency) for the Rio Cobre Water…
Category: BUSINESS AND FINANCE
IDB Invest Leads Sustainable Bond Issuance to Expand Green and Social Financing of BAC Guatemala
March 11, 2025 IDB Invest supported Banco de América Central, S.A. (BAC Guatemala) in issuing its first sustainable bond to drive financial inclusion and environmental sustainability in Guatemala. The bond,…
IMF Reaches Staff-Level Agreement on the Final Review under Suriname’s Extended Fund Facility Arrangement
March 11, 2025 An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted discussions with the Surinamese authorities during February 5-14 on policies to complete the ninth and…
Guyana: Staff Concluding Statement of the 2025 Article IV Mission
March 11, 2025 Guyana’s economic transformation is advancing at a strong pace and broadening in scale. Rapidly expanding oil production, strong non-oil output, and large-scale public infrastructure investment supported the…
New report touts employing a Circular Economy model for the region
By: Staff Writer March 7, 2025 A new report by the Stockholm Environment Institute says that the circular economy in the Caribbean presents significant opportunities reducing resource consumption, mitigating environmental…
Caribbean Development Bank Pumps USD 17 Million into Bold Overhaul of Saint Lucia’s Education System
March 7, 2025 In a landmark effort to improve educational outcomes in Saint Lucia, the Caribbean Development Bank (CDB) has approved a USD 17 million loan to support the Government’s…
Costa Rica: Staff Concluding Statement of the 2025 Article IV Consultation Mission
March 4, 2025 Costa Rica is one of the fastest-growing economies in the Western Hemisphere, achieving notable economic success in recent years. GDP growth has averaged above 5 percent since…
El Salvador: Request for Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for El Salvador
March 4, 2025 El Salvador has recovered well from the pandemic, supported by robust remittances and buoyant tourism flows, amid a sharp improvement in the country’s security situation. Inflation has…
Queens University Belfast says geothermal tech needed for agri-boost in region
By: Staff Writer February 28, 2025 A report published by the Queen’s University Belfast (QUB) says that geothermal is needed for smart agriculture to flourish in Belize and the wider…
St. Kitts and Nevis: Staff Concluding Statement of the 2025 Article IV Mission
February 28, 2025 Recent Developments and Outlook Growth is expected to pick up to 2 percent in 2025—from 1.5 percent in 2024—supported by tourism, with inflation remaining around 2 percent.…
IMF Executive Board Approves New 40-month US$1.4 billion Extended Fund Facility Arrangement for El Salvador
February 28, 2025 Today the Executive Board of the International Monetary Fund (IMF) approved a 40-month extended arrangement under the Extended Fund Facility (EFF) for El Salvador, with access of…