Jamaica to host international Conference on Inclusive Insurance in October

October 7, 2022 Jamaica will be the host to the International Conference on Inclusive Insurance (ICII)  scheduled to take place 24th to the 28th of October 2022 at the Jamaica Pegasus Hotel.…

SANDILOU: Resort Wear Made in Haiti

October 4, 2022 Unique hand-painted pieces, drawings reproduced on clothing or beach accessories, stencils, silkscreens print or dyes, SANDILOU has developed a very original, “Made in Haiti”, resort wear garment…

CariCRIS reaffirms ‘good creditworthiness’ ratings for Guardian Holdings Limited

October 4, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the assigned ratings of CariAA- (Foreign and Local Currency Ratings) on the regional scale, and jmAAA (Local…

Three Caribbean countries to be blacklisted by EU!

By: Staff Writer September 30, 2022 The European Union is set to add The Bahamas, Anguilla and the Turks and Caicos to its list of non-cooperative jurisdictions this coming October…

BARBADOS SIGNS UP FOR IMF’s RESILIENCE AND SUSTAINABILITY TRUST (RST) PROGRAM, WITH AN ACCOMPANYING EXTENDED FUND FACILITY

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 30, 2022 Fresh from her high-level talks at the United Nation’s, Barbados Prime Minister is sticking to her guns in getting the financing she says…

BARBADOS ANNOUNCES OFFSHORE BID ROUND COME DECEMBER 1ST

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com September 30, 2022 Barbados will open its Offshore Licensing Bid Round on December 1st, 2022.  Foreign Trade and Business Minister, Sandra Husbands, disclosed the statement earlier…

CariCRIS upgrades its Corporate Credit Ratings for JMMB Group Limited

September 30, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has upgraded by 1-notch the issuer/corporate credit ratings to CariA- (Regional Local Currency) and CariBBB+ (Regional Foreign Currency) and…

CHUCK E. CHEESE OPENS FIRST LOCATION IN SURINAME

September 30, 2022 Chuck E. Cheese, the world’s #1 family entertainment restaurant brand has opened its doors in Suriname, their first location in the market. The newly operational fun center…

IDB Invest and IFC Partner with HDF Energy and Rubis to Develop First Green Hydrogen Power Plant in Barbados

September 30, 2022 This project aims to provide electricity to 16,000 homes at a competitive tariff in Barbados, helping reduce emissions and add firm generation capacity through domestic and abundant…

IMF Executive Board Concludes 2022 Article IV Consultation with Guyana

September 30, 2022 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Guyana. Following the pandemic-induced recession in 2020, and protracted political transition, non-oil…

IMF Reaches Staff-Level Agreement with Barbados for a Resilience and Sustainability Trust (RST) program, with an accompanying Extended Fund Facility (EFF)

September 30, 2022 Barbados is the first country to reach a staff-level agreement to access the IMF’s Resilience and Sustainability Trust (RST), which aims to provide affordable, long-term financing to…

Country Report No. 2022/317 : Guyana: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

September 30, 2022 Following the pandemic-induced recession in 2020, economic growth recovered in 2021, with non-oil GDP growth reaching 4.6 percent, despite being negatively impacted by floods. Inflation increased markedly…