The Commonwealth of Dominica is building twelve new health centres as part of a broader mission to strengthen its healthcare infrastructure and provide citizens with higher quality services. Construction on…
Category: BUSINESS AND FINANCE
PriceSmart Announces Plans to Open Ninth Warehouse Club in Colombia- Expects 50 Clubs in Operation by Spring 2022
Membership warehouse, PriceSmart, Inc., announced that it plans to begin the construction of its ninth warehouse club in Colombia, which is anticipated to open in the fall of 2021. With…
The Caribbean: Renewable Energy Paradise
By Kimberly Ramkhalawan kramkhalawan@caribmagplus.com February 2, 2021 With the majority of CARICOM members signed on to the ratification of the Paris Agreement, one which signals steps taken by nations around…
Jamaican bank leverages US$35m from IDB for SMEs
From: The Inter-American Development Bank January 29, 2021 IDB Invest, a member of the IDB Group, signed an agreement with JMMB Bank (Jamaica) Limited, which will allow the bank to…
Trini to Lead the Caribbean Export Development Agency
By: CEDA January 26, 2021 The Caribbean Export Development Agency (Caribbean Export) is pleased to announce that Mr Deodat Maharaj has been appointed as its Executive Director effective February 1,…
Lotto continues in Jamaica with new partnership
January 26, 2021 International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that its subsidiary IGT Global Solutions Corporation (hereinafter “IGT”) has signed a seven-year contract extension with Supreme Ventures…
IMF Reaches Staff-Level Agreement with Costa Rica on a Three-Year Extended Fund Facility and Completes 2021 Article IV Discussions
By: IMF January 22, 2021 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement…
IMF Executive Board Concludes 2020 Article IV Consultation with The Bahamas
By: The IMF January 26, 2021 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with The Bahamas. The COVID-19 pandemic has exacted a…
Land developments are on the way up in the Caribbean and Central America
By: Staff Writer January 22, 2021 A US based financier said that land developments in the Caribbean and Central America are only going to go up as he projects a…
Range Developments shows “commitment” to the Six Senses Grenada- hires contractor to finish project!
By: Staff Writer January 22, 2021 The executive team at Range Developments, the leading citizenship by investment (CBI) developer in the Caribbean, has named Humiclima as its MEP (mechanical, electrical…
IMF Executive Board Approves US$2.7bn Precautionary and Liquidity Line for Panama to Address COVID-19
By: IMF January 22, 2021 The Executive Board of the International Monetary Fund (IMF) approved today Panama’s request for a two-year arrangement under the Precautionary and Liquidity Line (PLL) for…
Precautionary Credit Line Provides Panama with Crisis Insurance
By: IMF January 22, 2021 After over two decades of record high growth, Panama is facing a sharp economic contraction following months of pandemic-related lockdowns. With support from the IMF,…