April 29, 2022 Third edition of IDB, IDB Invest and Finnovista study highlights the rise of the fintech ecosystem in Latin America and the Caribbean, growing 112 percent from 2018 to 2021.…
Category: BUSINESS AND FINANCE
Latin America Faces Unusually High Risks
By Santiago Acosta-Ormaechea, Ilan Goldfajn and Jorge Roldos April 29, 2022 The war in Ukraine is shaking the global economy and raising uncertainty about the outlook for Latin America and the Caribbean. The impact is being…
ExxonMobil makes three new discoveries offshore Guyana, increases Stabroek resource estimate to nearly 11bn barrels
April 29, 2022 ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. ExxonMobil…
Caribbean Economic Report: Marla Dukharan
April 26, 2022 The IMF is expecting global growth to slow from 6.1% in 2021 to 3.6% in 2022-23 and 3.3% over the medium-term. Note that global growth below 3%…
Suriname President Santokhi voices concern at new US banking rules
April 22, 2022 President Chandrikapersad Santokhi has expressed concern about the new banking legislation in the United States that he says could have a very negative effect on the financial…
Eviation Signs Deal with Cape Air for 75 All-Electric Alice Commuter Aircraft for Caribbean
Eviation Aircraft, a global manufacturer of all-electric commuter aircraft, and Massachusetts-based Cape Air, one of the largest short-haul airlines in the United States, have announced a Letter of Intent (LOI)…
Goldman Sachs sought to woo Bahamas based crypto-giant at Caribbean meeting
By: Tabby Kinder in Hong Kong and Eva Szalay in London April 22, 2022 Goldman Sachs chief executive David Solomon met billionaire FTX founder Sam Bankman-Fried in March to discuss…
CariCris issues highest credit rating to Sagicor Life Jamaica Limited.
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com April 15, 2022 JmAAA, the highest credit rating to be issued on the Jamaica National Scale has been awarded to Sagicor Life Jamaica Limited (SLJ or…
Dominica: Technical Assistance Report-External Sector Statistics
April 15, 2022 A remote technical assistance (TA) mission on external sector statistics (ESS) was conducted to the Statistics Department of Dominica (SDD) during August 30 to September 10, 2021.…
Caribbean Export presents Dominican companies awarded under its Grant Programmes
April 15, 2022 Thirteen companies in the Dominican Republic are to receive financial grants from Caribbean Export. Three companies: Fátima Polanco 3 Styles, Miel Noelia and Fábrica de Chocolate Artesanal…