June 7, 2022 At the request of the Suriname authorities, a remote technical assistance (TA) mission took place during December 6–17, 2021. The mission was conducted in coordination with the…
Category: BUSINESS AND FINANCE
Colombia: Financial Sector Assessment Program-Technical Note on Risk Analysis
June 7, 2022 The Financial Sector Assessment Program (FSAP) risk analysis work was conducted in the aftermath of the initial COVID shock and subsequent lockdowns, and while a strong economic…
Kingdom of the Netherlands – Curaçao and the Monetary Union of Curaçao and Sint Maarten: Staff Concluding Statement of the 2022 Article IV Mission
June 7, 2022 Curaçao is recovering from the pandemic but faces multiple challenges, including strong inflation pressures stemming from the war in Ukraine. Policies need to be calibrated to support…
Guyana: Staff Concluding Statement of the 2022 Article IV Mission
June 7, 2022 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare (incoming mission head) and Meredith McIntyre (outgoing mission head) held virtual discussions during…
IMF Executive Board Concludes 2022 Article IV Consultation with Guatemala
June 7, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Guatemala [2] on June 6, 2022 and considered and endorsed the staff appraisal without a…
ENERGY CONFERENCE PUTS RENEWABLES HIGH ON AGENDA
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com June 3, 2022 The Energy Chamber of Trinidad and Tobago got their long-awaited annual Energy Conference kicked off this week at the Hyatt Regency Hotel in…
US Congresswoman calls for end to de-risking!
By: Staff Writer June 3, 2022 United States Congresswoman Maxine Waters has called for President Joe Biden to put an end to de-risking in the interest of the Caribbean ahead…
Fintech in Latin America and the Caribbean: IDB Report Provides Detailed Insight into Rapid Fintech Growth
June 3, 2022 Latin America and the Caribbean has emerged as a red hot region for Fintech development. A portion of the world long dominated by incumbent banks and other…
Bogota climbed 22 places in the Global Financial Centres Index
May 31, 2022 The most recent edition of the Global Financial Centers Index, considered one of the main references for decision makers in public policies and investors, highlights Bogota as one of…
CariCRIS assigns ‘high’ creditworthiness ratings to the bond issue of up to TT $100 million of Development Finance Limited
May 31, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned initial issue ratings of CariAA- (Foreign and Local Currency Ratings) on the regional rating scale, and ttAA-…
Crowley Inaugurates Liquified Natural Gas (LNG) Facility in Peñuelas, Puerto Rico Strategic LNG hub expands sustainable energy for customers in the Caribbean
May 31, 2022 Crowley, the longest-serving U.S. supply chain company with a nearly 70-year history in Puerto Rico, today inaugurated its state-of-the-art LNG Loading Terminal in the southern town of Peñuelas.…