CariCRIS assigns overall ‘good creditworthiness’ ratings to bond issue of up to US $160M of JMMB International Limited

June 28, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has assigned an initial issue rating of jmA (Foreign Currency Rating) on the Jamaica national scale to the up…

CARICRIS: Seprod’s ratings are good

June 28, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS), has reaffirmed the assigned corporate credit ratings of CariA- (Local Currency Rating) on the regional rating scale, and jmAA-…

CARICRIS: PLIPDECO maintains good ratings

June 28, 2022 Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the assigned ratings of CariA+ (Foreign and Local Currency Ratings) on the regional rating scale and ttA+…

CARICOM DISSECTS WTO’S MC12’s IMPACT ON REGION

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com June 24, 2022 Curbing Illegal, Unreported and Unregulated (IUU) fishing was just one of the few outcomes Caribbean states will benefit from following the 12th World…

Caribbean Economic Report, June 2022

June 24, 2022 Bahamas faces rising debt and high arrears, Barbados’ tourism could soften based on high UK inflation, Guyana’s food inflation reached 14% amidst rising food insecurity, T&T’s low…

Barbados: Seventh Review Under the Extended Fund Facility Arrangement-Press Release; and Staff Report

June 21, 2022 Despite significant economic shocks associated with the COVID-19 pandemic, twin natural disasters, and the war in Ukraine, Barbados has made good progress in implementing its Economic Recovery…

Ground Broken for New US$ 46m Port in Montserrat

June 21, 2022 The construction phase of the US$ 46 million (mn) Montserrat Port Development Project, which will increase accessibility and improve trade opportunities for the island’s residents, is now…

Guyana to promote the use of renewable energy sources with IDB and Norway support

June 21, 2022 Guyana will promote its energy matrix diversification by promoting climate-resilient renewable energy sources use in the electricity generation matrix to avoid deforestation and face climate change, with a…

Powertranz and Bluefin add support for MultiLink J.E.T.S. debit card in Jamaica

June 10, 2022 Bluefin, the leading provider of data and payment security technologies including PCI-validated point-to-point encryption (P2PE) solutions, and Powertranz, the local leader in Card Present gateway/payment processing for…

Suriname: Technical Assistance Report on Government Finance Statistics Mission

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…

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…