June 16, 2023 Management of the International Monetary Fund (IMF) approved on May 30, 2023 the Second and Final review of the Staff-Monitored Program (SMP) which started in June 2022.…
Category: BUSINESS AND FINANCE
IMF Executive Board Concludes Second Review of the Extended Fund Facility for Suriname
June 16, 2023 The Executive Board of the International Monetary Fund (IMF) concluded today the second review of the extended arrangement under the Extended Fund Facility (EFF) for Suriname. The…
World Bank: The Caribbean only growing at half the rate of Emerging Markets
By: Staff Writer June 11, 2023 The World Bank’s “Regional Private Sector Diagnostic: Promoting Private Sector-led Growth to Foster Recovery and Resilience in the Caribbean,” report said that the Caribbean…
Mastercard and The Caribbean Association of Banks Inc Sign a Memorandum of Understanding
June 13, 2023 This agreement will focus on enabling intra and inter regional payments and expanding financial inclusion in the Caribbean. Mastercard, a global technology company in the payments industry,…
Building Bridges: How BSOs from Haiti and the Dominican Republic are Strengthening European Business Ties
June 13, 2023 Business leaders from Haitian and Dominican business supporting organizations (BSOs) participated in a trade and best practices mission to Europe to reactivate business opportunities for MSMEs from…
LAC’s trade shrank 4% since 2010
By: Staff Writer June 9, 2023 A regional think tank finds that “regional integration” is central to Latin America and the Caribbean’s (LAC) competitiveness and second only to “market size…
CEO says construction boom brings new job opportunities
June 9, 2023 With an alleged “boom” in construction activities ongoing, a regional recruitment service wants to remind the public that they don’t have to be “in the know” to…
Belize: Technical Assistance Report-Transition to Accrual Accounting
June 9, 2023 Belize is planning to transition to accrual accounting over the medium term. This reform is considered an advanced practice on the public financial management (PFM) spectrum and…
REIMAGINING SUSTAINABLE ENERGY IN AN OIL AND GAS ECONOMY
TT’s Energy Chamber’s Caribbean Sustainable Energy Conference coverage By Kimberly Ramkhalawan June 6, 2023 kramkhalawan@caribmagplus.com Trinidad and Tobago’s Energy Minister, Stuart Young, said that no one wants to admit that…
OECS Commission and Cloud Carib sign MoU to support digital transformation in the OECS
June 6, 2023 The Organisation of Eastern Caribbean States (OECS) Director General, Dr. Didacus Jules, and Cloud Carib Director, Public Sector, Mr. Eamonn Sheehy, met on April 25, 2023 to…
Kingdom of the Netherlands—Aruba: Staff Concluding Statement of the 2023 Article IV Mission
June 6, 2023 An International Monetary Fund (IMF) staff team, led by Mr. Takuji Komatsuzaki, visited Oranjestad during May 22–June 2 to hold discussions on the 2023 Article IV consultation…