March 4, 2025 Costa Rica is one of the fastest-growing economies in the Western Hemisphere, achieving notable economic success in recent years. GDP growth has averaged above 5 percent since…
Category: BUSINESS AND FINANCE
El Salvador: Request for Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for El Salvador
March 4, 2025 El Salvador has recovered well from the pandemic, supported by robust remittances and buoyant tourism flows, amid a sharp improvement in the country’s security situation. Inflation has…
Queens University Belfast says geothermal tech needed for agri-boost in region
By: Staff Writer February 28, 2025 A report published by the Queen’s University Belfast (QUB) says that geothermal is needed for smart agriculture to flourish in Belize and the wider…
St. Kitts and Nevis: Staff Concluding Statement of the 2025 Article IV Mission
February 28, 2025 Recent Developments and Outlook Growth is expected to pick up to 2 percent in 2025—from 1.5 percent in 2024—supported by tourism, with inflation remaining around 2 percent.…
IMF Executive Board Approves New 40-month US$1.4 billion Extended Fund Facility Arrangement for El Salvador
February 28, 2025 Today the Executive Board of the International Monetary Fund (IMF) approved a 40-month extended arrangement under the Extended Fund Facility (EFF) for El Salvador, with access of…
Latin America and the Caribbean Could Benefit From New $1B Sustainable Fund
February 28, 2025 Countries across Latin America and the Caribbean could soon gain access to fresh funding for sustainable development projects, thanks to a new $1 billion international fund launched…
Development Bank of Jamaica signs Memorandum of Understanding with Caribbean Export to Launch Corporate Venturing (Pilot) Programme
February 25, 2025 The Development Bank of Jamaica today (February 24) signed an Agreement with Caribbean Export for the introduction of a grant funding initiative aimed at driving Corporate Venturing…
The ILO said 2024 showed labour market stability for the Caribbean
By: Staff Writer February 18, 2025 The International Labour Organisation said in a recent report that the labour market in 2024 showed signs of “stability,” in the post-pandemic era for…
Tradewind Finance Enters Aviation Fuel Market with $15 Million Credit Facility for Leading Fuel Distributing Company in the Caribbean
February 18 2025 Tradewind Finance, a global trade finance provider whose solutions enable businesses to optimize their cash flow and accelerate growth, has today announced $15 million in funding for…
Eastern Caribbean Currency Union: IMF Staff Concluding Statement of the 2025 Mission on Common Policies for Member Countries
February 14, 2025 The Eastern Caribbean Currency Union (ECCU) has been providing a strong anchor for macroeconomic stability in a shock-prone region, demonstrated most recently by Hurricane Beryl with its…
Nicaragua: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua
February 11, 2025 The Nicaraguan economy is experiencing robust growth. Real GDP growth accelerated to around 4½ percent in 2023 and the first half of 2024, from about 3.8 percent…