Cybercrime tops the list of current threats facing businesses, while emerging risks from ESG-reporting fraud and platform fraud could impact businesses in the future. The tech, media and telecommunications sector…
Category: BUSINESS AND FINANCE
Colombia:Request for an Arrangement under the Flexible Credit Line and Cancellation of the Current Arrangement – Press Release; Staff Report; and Statement by the Executive Director for Colombia
May 3, 2022 Colombia’s very strong policy frameworks and comprehensive policy response to the pandemic have supported the economy’s resilience. With stronger-than-expected growth last year, fiscal deficits and public debt…
Caribbean Export Ready to Deliver Invaluable Support to Suriname
May 3, 2022 Last week (April 20-22) Caribbean Export moved ahead with charting their new path of support with the Surinamese private sector. An intensive three-day mission to Suriname to advance…
Former Donald Trump senior official planning huge cryptocurrency conference for Bahamas next year!
By: Staff Writer April 29, 2022 A former Donald Trump senior official says that he is planning to move his offices to The Bahamas and build out his cryptocurrency ambitions…
Trinidad and Tobago’s Stock Exchange targets SME sector
By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com April 29, 2022 As more Small and Medium Enterprises look to grow their business, many may find it very challenging to generate capital for business expansion…
Study: Fintech Industry Doubles in Size in Three Years in Latin America and the Caribbean
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.…
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…