May 7, 2024 Fairfield Solar Plant begins operations today as one of the two solar plants in Grand Bahama developed by Lucayas Solar Power Ltd. Fairfield is the first solar…
Category: BUSINESS AND FINANCE
Colombia: Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Colombia
May 3, 2024 Colombia’s very strong policies and policy frameworks have helped to significantly reduce domestic and external imbalances and brought the economy to more sustainable levels of activity and…
Food Security in Caribbean is deteriorating says FAO
By: Staff Writer April 30, 2024 The Food and Agricultural Organization in a new report said there was a deterioration of food security in The Caribbean. The Regional Overview of…
Caribbean Economic Report: Marla Dukharan
By: Marla Dukharan April 30, 2024 I remember hearing this story again and again in Cayman – that historically, most of the men went to sea and the women looked…
IMF Executive Board Approves New Two-Year US$8.1 Billion Flexible Credit Line Arrangement for Colombia
April 24, 2024 The Executive Board of the International Monetary Fund (IMF) approved today a successor two-year arrangement for Colombia under the Flexible Credit Line (FCL) in an amount equivalent…
Suriname: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility
Suriname: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Waivers of Nonobservance of a Performance Criterion, and Financing Assurances Review-Press Release;…
Latin America’s Shifting Demographics Could Undercut Growth
April 26, 2024 Latin America’s workforce grew by nearly 50 percent in the two decades before the pandemic, helping boost economic growth. Now demographic trends are turning, and likely to…
CDB Grant Winner Moves from Micro-biz to Regional Exporter
April 26, 2024 A talented fashion designer from Saint Vincent and the Grenadines has become one of the region’s finest examples of the power of micro businesses to grow and…
LAC’s low growth underpinned by multiple crises says ECLAC
By: Staff Writer April 23, 2024 The Economic Commission for Latin America and the Caribbean (ECLAC), in a new report, said that Latin America and the Caribbean is experiencing “very…
IDB Invest Partners with JPS to Support Jamaica’s Green Energy Transformation
April 23, 2024 IDB Invest and Jamaica Public Service Company Limited (JPS) have signed a US$100 million financing package, to fund JPS’ capital investment programme. JPS, Jamaica’s leading energy services…
Africa and the Caribbean set to deepen ties
By: Staff Writer April 16, 2024 The Africa Import/Export Bank will hold its 31st annual meetings on June 12 to 14 in The Bahamas, a first for both regions where…
IMF Reaches Staff-Level Agreement with Costa Rica on the Sixth Review of the Extended Fund Facility Arrangement and the Third Review of the Resilience and Sustainability Facility Arrangement
April 16, 2024 San José, Costa Rica: An International Monetary Fund (IMF) team led by Mr. Ding Ding held virtual and in-person meetings with the Costa Rican authorities during April 1-12,…