By: Staff Writer February 22, 2022 A controversial Russian diplomat is at the centre of a new venture in Grenada that seeks to build a cryptocurrency and Blockchain platform and…
Category: BUSINESS AND FINANCE
Latin America and Caribbean lagging behind on tax law compliance says World Bank
By: Staff Writer February 22, 2022 A new World Bank report shows that Latin America and the Caribbean fall far behind on tax compliance laws, well below other regions. The…
Jamaica Works to Maintain its Hard-won Economic Stability
IMF Western Hemisphere Department February 22, 2022 Prior to the pandemic, Jamaica had successfully stabilized the economy, turning a fiscal deficit of 11 percent of GDP in 2009 into a 1…
Guyanese President markets Amazon rainforest as part of its diversification plan: Oil money will serve to protect ecosystems.
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com February 18, 2022 Guyana’s President Irfaan Ali is marketing the Amazon rainforest as a lucrative place to do business. His comments on the value of the…
JMMB GROUP MARKS J$8.82BN GROWTH DESPITE LOCKDOWNS: Marks launch of Digital suite of products
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com February 18, 2022 The JMMB Group Limited posted a net profit of J$8.82 and earnings per share of J$4.23 for the nine months ending December 31,…
IMF Executive Board Concludes 2021 Article IV Consultation with Jamaica
February 18, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation [1] with Jamaica. In the decade preceding the pandemic, Jamaica made good progress to…
El Salvador’s Comeback Constrained by Increased Risks
By the El Salvador country team, IMF Western Hemisphere Department February 18, 2022 El Salvador’s increase in public debt will constrain medium-term growth prospects given the risks associated with high…
Colombia: Staff Concluding Statement of the 2022 Article IV Mission
February 18, 2022 Among the fastest recoveries in the region, Colombia’s economy rebounded strongly, driven by private consumption, in 2021. With progress on vaccinations and continued reopening of the economy,…
ViaCarte Celebrates Barrier Breaking Partnership With Delchain
February 15, 2022 ViaCarte, an industry pioneer in digital payments and bespoke luxury benefits, is pleased to announce its new partnership with Delchain, a leading digital asset and financial services…
Finding the Right Solution: Gidden Augustin, Managing Director of IT Consulting Company ‘islandTEK’
February 15, 2022 St Lucian entrepreneur Gidden Augustin always dreamed of starting his own company after growing up on his parents’ farm and seeing his father manage the family business.…
ExxonMobil starts production at Guyana’s second offshore development
February 15, 2022 Production from Liza Unity vessel to reach 220,000 barrels of oil per day later this year Accelerated development brings Guyana production capacity to more than 340,000 barrels…