March 29, 2022 On December 22, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of 366.8 percent of quota (SDR 472.8…
Category: BUSINESS AND FINANCE
IMF Executive Board Concludes 2022 Article IV Consultation with Colombia
March 29, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Colombia [2] on March 25, 2022. This also included a discussion of the findings of…
IMF Executive Board Completes the First and Second Reviews Under Costa Rica’s Extended Arrangement under the Extended Fund Facility; and Approves Extension of the Arrangement and Rephasing of Access
March 29, 2022 The IMF Executive Board concluded today the combined first and second reviews under the Extended Fund Facility (EFF) for Costa Rica, allowing for an immediate disbursement equivalent…
Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica
March 29, 2022 On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of SDR 1.23749 billion (335 percent of…
IMF Executive Board Completes First Review of the Extended Fund Facility Arrangement for Suriname
March 25, 2022 The IMF Executive Board completed the first review of the extended arrangement under the Extended Fund Facility (EFF) for Suriname, allowing for an immediate disbursement equivalent to…
IDB Approves New Country Strategy for Trinidad and Tobago on Digital Transformation
March 25, 2022 Inter-American Development Bank (IDB) President Mauricio Claver-Carone and Trinidad and Tobago Minister of Planning & Development Pennelope Beckles met today to discuss upcoming plans for the IDB’s…
Caribbean’s natural strengths are “inclusiveness, resilience, competitiveness and diversity,” Guyana’s President tells global investors
March 25, 2022 Dr Mohamed Irfaan Ali promotes region at ‘Caribbean Investment Forum’ at Expo Dubai 2020. Over 250 investors attended forum to hear about Caribbean investment opportunities. President Ali:…
WHERE THE POWER OF TOURISM MEETS LOCAL CARIBBEAN COMMUNITIES: SANDALS® RESORTS ANNOUNCES ’40 FOR 40 INITIATIVE’ PROJECTS
March 22, 2022 In partnership with its philanthropic arm, the not-for-profit Sandals Foundation, Sandals Resorts International (SRI) announces the full list of projects under its 40 for 40 Initiative. Launched as part…
Staff Concluding Statement of the 2022 Article IV Mission- The Bahamas
March 22, 2022 The Bahamas’ tourism-dependent economy was hit hard by the COVID-19 pandemic which came on the heels of the devastation caused by Hurricane Dorian. The economy is recovering…
Grenada: Disaster Resilience Strategy: IMF
March 18, 2022 Natural disasters and climate change are existential threats to Grenada, with annual losses from these events estimated at 1.7 percent of GDP. Grenada has proactively pursued resilience-building,…