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…

IMF Reaches Staff Level Agreement on the Seventh Review of Barbados’ Economic Program under the Extended Fund Facility

May 17, 2022 IMF team reaches a staff level agreement with the Barbadian authorities on the seventh and final review of Barbados’ Economic Recovery and Transformation program (BERT) supported by…

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…

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…

Grenada: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Grenada

May 10, 2022 Grenada’s economy was hit hard by the pandemic, with a decline in real output of 14 percent in 2020 from both a collapse of tourism-related activities and…

Barbados Central Bank to introduce Polymer notes

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com May 6, 2022 Barbados has launched its suite of polymer notes. The Central Bank of Barbados unveiled the modern, more attractive and durable banknotes with enhanced…

Coralisle Group takes over Massy United Insurance

By: Kimberly Ramkhalawan kramkhalawan@caribmagplus.com May 6, 2022 The Massy Group says it has officially concluded the sale of its Barbados based Massy United Insurance Ltd, to Bermuda’s Coralisle Group Limited.…