October 4, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the assigned ratings of CariAA- (Foreign and Local Currency Ratings) on the regional scale, and jmAAA (Local…
Category: BUSINESS AND FINANCE
Three Caribbean countries to be blacklisted by EU!
By: Staff Writer September 30, 2022 The European Union is set to add The Bahamas, Anguilla and the Turks and Caicos to its list of non-cooperative jurisdictions this coming October…
CariCRIS upgrades its Corporate Credit Ratings for JMMB Group Limited
September 30, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has upgraded by 1-notch the issuer/corporate credit ratings to CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and…
Lack of credit sends Venezuelan businesses seeking loans abroad
September 30, 2022 Venezuelan business owners struggling to get access to credit amid their country’s continued economic crisis are seeking loans through foreign banks, business people and finance industry sources…
CHUCK E. CHEESE OPENS FIRST LOCATION IN SURINAME
September 30, 2022 Chuck E. Cheese, the world’s #1 family entertainment restaurant brand has opened its doors in Suriname, their first location in the market. The newly operational fun center…
IMF Executive Board Concludes 2022 Article IV Consultation with Guyana
September 30, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Guyana. Following the pandemic-induced recession in 2020, and protracted political transition, non-oil…
Country Report No. 2022/317 : Guyana: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana
September 30, 2022 Following the pandemic-induced recession in 2020, economic growth recovered in 2021, with non-oil GDP growth reaching 4.6 percent, despite being negatively impacted by floods. Inflation increased markedly…
CDB Strengthening Saint Lucia’s Private Sector with Support to MSMEs
September 30, 2022 An estimated USD3.7 million has been committed by the Caribbean Development Bank (CDB) to support Saint Lucia’s Micro, Small & Medium Enterprises (MSMEs). Under a new initiative,…