December 3, 2024 The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, Tuesday said that climate change poses an acute threat to the Caribbean and that the costs…
Category: BUSINESS AND FINANCE
Caribbean Economic Report, November: Dukharan
November 29, 2024 Conducting an Economic Impact Study (EIS) on any proposed intervention gives decisionmakers the data (and identifies gaps in said data / information) necessary to objectively make informed…
Bahamas debt for nature swap to net $124M in savings
By: Staff Writer November 26, 2024 The Bahamas is the newest country to enter into a “debt for nature swap,” as its Prime Minister, Philip Davis, hails the new “Bahamas…
ExxonMobil, Partners Aim For 1.3 Million Barrels Per Day In Guyana
November 26, 2024 ExxonMobil Guyana and its Stabroek block partners, Hess and CNOOC, have announced plans to expand production capacity to over 1.3 million barrels of oil per day by…
Nicaragua: Staff Concluding Statement of the 2024 Article IV Mission
November 26, 2024 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare, visited Managua during November 11-22, for the 2024 Article IV Consultation. The team met…
IMF Staff Conclude Article IV Discussions and Reach Staff-Level Agreement with Suriname on the Eighth Review of the Extended Arrangement Under the Extended Fund Facility
November 26, 2024 An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted discussions with the Surinamese authorities during October 29-November 12 on the 2024 Article IV and…
The Bahamas: Staff Concluding Statement of the 2024 Article IV Mission
November 22, 2024 The Bahamian economy has staged a remarkable recovery following Hurricane Dorian in 2019 and the Covid-19 pandemic. Activity and employment have recovered to their pre-pandemic levels and…
CDB Champions Procurement Capacity Building at Inaugural Belize Procurement Week
November 12, 2024 The Caribbean Development Bank (CDB, the Bank), in partnership with the Government of Belize and the Inter-American Development Bank (IDB), supported and participated in the inaugural Belize…
Nigeria to invest $1.8 BN in Grenada oil hopes!
By: Staff Writer November 5, 2024 Nigerian oil firm Oceangate Oil and Gas Engineering chief executive officer Aisha Achimugu said Global Petroleum Group (GPG) to develop oil and gas resources…
World Bank said that the LAC is turning the corner on pandemic dislocations
By: Staff Writer November 5, 2024 The World Bank in their Economic Review for Latin America and the Caribbean for October, 2024 said that the LAC is “close to winning…