August 10, 2021 When a New York-based borrower needed a loan against property owned in another country, there was only one lender who could get them to closing: Kennedy Funding.…
Category: CARIBBEAN BUSINESS AND FINANCE
Dominica’s Geothermal Energy Plant to be Active by 2023, says Prime Minister
August 10, 2021 As part of efforts to build a climate-resilient nation and reduce its dependence on fossil fuels, the Government of the Commonwealth of Dominica recently unveiled plans to…
CEO of CS Global Partners Speaks to CBS on Increased American Interest for Second Citizenship
August 10, 2021 Micha Emmett, the CEO of investment migration firm CS Global Partners, recently spoke to CBS Miami on why there has been increased interest from Americans seeking second…
Dominican Republic coffee brand expands in US through Goya
August 10, 2021 Café Santo Domingo, the leading coffee brand in the Dominican Republic, expands its distribution in the United States after an agreement between its parent company, Industrias Banilejas…
Akerna secures world’s first national government cannabis contract with St. Vincent and the Grenadines
August 10, 2021 World’s first nationally adopted cannabis software program will help standardize, simplify, and propel the federally-run medicinal cannabis industry in St. Vincent and the Grenadines Akerna (Nasdaq: KERN)…
IDB Invest Mobilizes Impact Resources to boost financing for Jamaica’s JMMB Bank
August 6, 2021 IDB Invest, a member of the IDB Group, has provided a syndicated, 4.5-year loan to JMMB Bank (Jamaica) Limited, which will allow the bank to access $31…
St Kitts and Nevis Ranks as Strongest Passport Amongst Caribbean Citizenship by Investment Countries
August 3, 2021 For the fifth consecutive year, St Kitts and Nevis has topped rankings for offering the strongest passport amongst all Caribbean nations that offer Citizenship by Investment (CBI)…
CariCRIS reaffirms “good creditworthiness” ratings for The Beacon Insurance Company Limited
August 3, 2021 Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the assigned corporate credit ratings of CariA- (Foreign and Local Currency Ratings) on the regional rating scale…
ExxonMobil announces oil discovery at Whiptail, offshore Guyana
By: Staff Writer July 30, 2021 A cabinet minister in Guyana said the country has found oil again, this time at the Whiptail site offshore estimated over $9bn barrels Vickram…
2021 ARTICLE IV CONSULTATION—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR DOMINICAN REPUBLIC
July 30, 2021 Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2021 Article IV…
Statement by the International Monetary Fund Managing Director on Suriname
July 30, 2021 At an Executive Board meeting held today, staff updated Executive Directors on recent developments in Suriname and the authorities’ request for an arrangement under the Extended Fund…
CEDA’s Executive Director to Deliver Keynote Address at St. Kitts and Nevis Trade and Investment Forum
July 27, 2021 St. Kitts and Nevis senior policymakers to engage in robust public-private sector dialogue as they plan to advance the island’s developmental priorities. The new strategic approach is…