By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com October 18, 2022 One Agriculture Consultant is confident that CARICOM nations can achieve this goal outlined by its leaders to reduce the region’s food import bill…
Category: BUSINESS AND FINANCE
JAMAICAN FINANCE MINISTER CALLS FOR RISK TRANSFER INSTRUMENTS
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com October 14, 2022 Jamaican Finance Minister Nigel Clarke is seek the IDB to have greater consideration to the region’s fiscal sustainability through a risk transfer instrument.…
BOJ GOVERNOR AT IDB: FLOATING DOLLAR WORKS AGAINST INFLATION
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com October 14, 2022 Jamaica’s Central Bank Governor Richard Byles is expressing confidence that his country will combat inflation in the coming years. Speaking at the IDB’s…
ACTING IDB HEAD TELLS REGION TO MANAGE PUBLIC PURSE BETTER
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com October 14, 2022 Reina Mejía, IDB President, kicked off the Meeting of the Network of Central Banks and Finance Ministers of Latin America and the Caribbean by telling them to be…
Treat cannabis with the reverence it deserves!
October 14, 2022 High-Grade Jamaican Leaf is lighting up the local Roll-Your-Own (RYO) Tobacco industry with its innovative packaging, and an excellent line of products. The principals involved are the…
COLOMBIA: Joint IMF-RFAs Press Release on the 7th High-level RFA Dialogue
October 14, 2022 The seventh High-level Regional Financing Arrangements (RFAs) Dialogue was held on 12 October 2022 in Washington DC amidst a highly uncertain global outlook and slowing growth. The…
“False choice” between saving lives and saving the economy during COVID-19
By: Staff Writer October 11, 2022 An Inter-American Development Bank top official said there was a false choice between saving lives and the economy during the COVID-19 pandemic, but there…
THE CARIBBEAN AND DIGITAL PAYMENTS: WILL CASH REMAIN QUEEN?
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com October 11, 2022 The movement toward a cashless society is being welcomed even among Caribbean consumers, with surveys showing 61 percent preferring online transactions or use…
CDB Financing Biogas Feasibility Study in Belize
October 11, 2022 The Caribbean Development Bank (CDB) has committed USD150,000 to assist with financing a feasibility study for the Government of Belize to assess the potential of generating electricity…
Saint Lucia’s ratings re-affirmed with stable outlook
October 7, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the ratings of CariBBB- (Foreign Currency and Local Currency Ratings) on its regional rating scale for the…
IMF Reaches Staff-Level Agreement with Costa Rica on a Resilience and Sustainability Facility (RSF) and the Third Review under the Extended Fund Facility (EFF)
October 7, 2022 The IMF team and Costa Rican authorities reached staff-level agreement on a request for access under the newly established Resilience and Sustainability Trust (approximately US$ 710 million)…
Social and infrastructure investments can drive growth and shared prosperity in Latin America and the Caribbean
October 7, 2022 Latin America and the Caribbean economies have recovered to their pre-pandemic levels and the region has regained some sense of normalcy, but economies need to be reignited…