May 20, 2022 In 2021, the prices of the main export commodities of Latin America and the Caribbean increased, mainly due to the recovery in global demand —particularly from China—…
Category: BUSINESS AND FINANCE
PopPay Platform Expands To Bahamas Government-Backed Digital Currency
May 20, 2022 PopID and SunCash announced today that for the first time in history, consumers can now use the PopPay face verification platform to purchase goods and services with…
CARILEC is ready to respond to 2022’s hurricane season- CDAP is fully funded!
By: Staff Writer May 17, 2022 The Caribbean Electric Utility Services Corporation (CARILEC) Disaster Assistance Programme (CDAP) is fully funded going into the 2022 hurricane season as the agency stands ready…
PROVEN Wealth Management looking for more opportunities in the Caribbean after US$20m Bahamas housing PPP!
By: Staff Writer May 17, 2022 A PROVEN regional financier said that they are looking for more opportunities around the Caribbean as they ink $20m deal in The Bahamas. Johann…
CDB & EU Working to Increase Private Sector Capacity in Saint Vincent and the Grenadines
May 17, 2022 Two new projects financed by the European Union (EU) are set to advance efforts in poverty reduction and the exportability of goods and services, in St. Vincent…
Republic Bank Ltd and Caribbean Export Host Workshop for Small Businesses
May 13, 2022 The Caribbean Export Development Agency (Caribbean Export) in partnership with Republic Bank Ltd hosted the first workshop for small businesses in Trinidad and Tobago following the signing…
Ground Broken to Mark Construction Phase of USD59.9M UK/CDB Road Upgrade Project in Belize
May 13, 2022 Representatives of the Government of Belize, the Government of the United Kingdom (UK) and the Caribbean Development Bank (CDB) broke ground to officially mark the construction phase…
Colombia: Financial Sector Assessment Program–Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
May 13, 2022 There have been significant improvements to the legal framework and the supervisory process since the last Basel Core Principles (BCP) review; some additional recommended enhancements are highlighted…
The Caribbean at “critical crossroads” with “unprecedented challenges.”
By: Staff Writer May 10, 2022 The executive director of the Caribbean Export Development Agency (CEDA) said that the Caribbean is at a critical crossroads in building resilient economies and sustainable…
The Bahamas: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas
May 10, 2022 The Bahamas is experiencing a tourism-led rebound. Real GDP growth in 2021 was close to 14 percent, as stayover tourist arrivals doubled relative to 2020. The economy…
The IIMF: THE BAHAMAS, SELECTED ISSUES
May 10, 2022 The Bahamas introduced a rules-based fiscal framework with a budget balance operational target and debt anchor in 2018. Since then, the pandemic and Hurricane Dorian have significantly…