March 14, 2025 Healthy tourist arrivals and an expansionary fiscal stance have supported the economy and helped reduce unemployment, while inflation is declining rapidly on the back of lower commodity…
Category: BUSINESS AND FINANCE
Republic Bank and Caribbean Export Partner to Help Businesses Thrive!
March 14, 2025 Small and Medium Enterprises are the backbone of economies across the Caribbean, Africa, and beyond, but access to finance and export opportunities remains a challenge. Mindful of…
IDB Invest, Proparco, Sagicor and Development Bank of Jamaica to Finance the Rio Cobre Water Treatment Plant
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…
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…