November 18, 2022 St Kitts and Nevis welcomed a new government in August and the new administration, led by Dr Terrance Drew, is ready and determined to usher in a new sense of…
Category: BUSINESS AND FINANCE
Costa Rica to Tackle Climate Change with New Resilience and Sustainability Facility
November 18, 2022 Costa Rica has been a pioneer in greening its economy, and its efforts to fight climate change and restore ecosystems have earned the country international recognition. But…
IMF Executive Board Concludes 2022 Article IV Consultation with St. Vincent and the Grenadines
November 18, 2022 On November 14, 2022, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with St. Vincent and the Grenadines. St. Vincent and the…
Nicaragua: Staff Concluding Statement of the 2022 Article IV Mission
November 18, 2022 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare, held virtual discussions during November 3-4, and visited Managua during November 7-15 for…
FTX Exchange fallout prompts other exchanges to come clean on the books!
By: Staff Writer November 15, 2022 The Royal Bahamas Police force are working with the Securities Commission to investigate if any “criminal misconduct occurred” in view of the collapse of FTX,…
TRINIDADIAN AMONG FIVE NOMINATED FOR IDB PRESIDENT POST
By Kimberly Ramkhalawan Tuesday November 15, 2022 kramkhalawan@caribmagplus.com Trinidadian and Former IDB official Gerard Johnson has been nominated among five candidates for the post of Inter-American Development Bank (IDB) President. Johnson…
IMF Executive Board Concludes the Third Review of Costa Rica’s Extended Fund Facility and Approves the Request for the Resilience and Sustainability Facility
November 15, 2022 The Executive Board of the International Monetary Fund (IMF) completed today the third review of Costa Rica’s economic reform program supported by the IMF’s extended arrangement under…
Government of St Kitts and Nevis does NOT accept cryptocurrency as a form of payment for its Citizenship by Investment programme
November 15, 2022 The government of St Kitts and Nevis, along with the Citizenship by Investment Unit of the country, have refuted claims that investors interested in gaining citizenship to…
Belize to Promote Digital Innovation, Spur Economic Growth with $10 Million IDB Loan
November 15, 2022 Belize will promote the digitalization of companies and government services, and boost local economic growth, financed by a $10 million loan from the Inter-American Development Bank. The…
Overwhelming response for inaugural Caribbean Investment Forum
By: Staff Writer November 11, 2022 Over 600 participants attended the inaugural Caribbean Investment Forum in Port of Spain, Trinidad this past week with every CARICOM country present with over…
Dukharan: November Caribbean Economic Report
November 11, 2022 Supply-side inflationary pressures continue to build across the Caribbean, enhanced by currency depreciation in Suriname and Cuba. Bahamas downgraded (Moody’s), Barbados affirmed (Fitch), Jamaica affirmed (S&P).
LatAm and the Caribbean Most Exposed to a US Recession
November 11, 2022 Latin America (LatAm) and the Caribbean are the most susceptible regions to a US recession, Fitch Ratings says in a new report. This reflects LatAm and the…