September 23, 2022 The Inter-American Development Bank has approved an US$8 million loan to promote Belize´s foreign direct investment and trade performance through a series of measures aimed at streamlining…
Category: BUSINESS AND FINANCE
The IDB wants PPI for growth potential firms!
By: Staff Writer September 20, 2022 The Inter-American Development Bank, in a recently published Working Group Report, said that firms around the region that rebounded more quickly from the COVID-19…
New National Agro-processing Facility for Dominica
September 20, 2022 With the support of the European Union and the Caribbean Development Bank, Dominica is now working to establish a new national agro-processing facility that will strengthen the…
Mottley: Caribbean at risk of becoming financial pariahs!
By: Staff Writer September 16, 2022 The Prime Minister of Barbados lays case to US government on the importance of correspondent banking to the Caribbean and it becoming “financial pariahs,”…
SCOTIABANK TT REPORTS YEAR TO DATE PROFITS OF $521M
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 16, 2022 Scotiabank Trinidad and Tobago Limited realised Income after Tax of $521m for the nine months ended July 31, 2022, marking an increase of…
Sorel is the Most Awarded Liqueur of 2022
September 16, 2022 Sorel, the hibiscus liqueur inspired by sorrel, the ancestral Afro-Caribbean beverage, is the most-awarded liqueur of 2022. Sorel returned to shelves in October 2021 with the support of Fawn Weaver and…
IDB Approves $15M Loan to Spur Sustainable Farming and Tourism in Belize
September 16, 2022 The Inter-American Development Bank approved a $15 million loan and up to $800,000 in grant funding for the Sustainable and Inclusive Belize project, which seeks to bolster revenue from…
El Salvador to Receive IDB Loan to Enhance Water and Sanitation
September 16, 2022 The Inter-American Development Bank (IDB) approved a $100 million loan to strengthen El Salvador’s water and sanitation sector. Approximately 120,000 households will directly benefit from improved drinking…
Saint Lucia hails the 12th Annual IREX Citizenship and Residency Conclave a success
September 13, 2022 The Citizenship by Investment Programme of Saint Lucia participated in the 12th Edition of the “IREX Citizenship and Residency Conclave” over the past weekend. The two-day event…
Naledo Belize coming back on 400% sales rebound!
By: Staff Writer September 9, 2022 A Belizean agro-processor wants to “impact CARICOM in a stronger way,” says sales have strongly rebounded since the COVID-19 economic shutdown had them sputtering…
CARICRIS REAFFIRMS ITS CREDIT RATINGS FOR DEVELOPMENT BANK OF JAMAICA LIMITED
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 9, 2022 The Development Bank of Jamaica Limited (DBJ) has been reaffirmed the assigned Issuer/Corporate Credit ratings at CariBBB+ (Foreign Currency Rating) and CariA- (Local…