January 10, 2025 The Caribbean Development Bank (CDB/the Bank) has approved a grant of USD909,000 to The University of the West Indies (UWI) to support critical efforts in strengthening water…
Category: BUSINESS AND FINANCE
Baptist Health International and Cayman Islands Health Services Authority Join Forces to Transform Healthcare in the Caribbean
January 10, 2025 Baptist Health International (BHI), part of Baptist Health South Florida, and the Cayman Islands Health Services Authority (CIHSA), a Joint Commission International (JCI) accredited provider operating as…
OECD/IDB: Potential GDP per capita growth for Caribbean only 1.4%
By: Staff Writer January 7, 2025 A joint report by the e Inter-American Development Bank (IDB) and the Development Centre of the Organisation for Economic Co-operation and Development (OECD) said…
CDB’s Financial Strength Confirmed by Callable Capital Review
January 7, 2025 The Board of Directors of the Caribbean Development Bank (CDB, the Bank) has reviewed and approved a Callable Capital Report, aligning with peer AAA rated Multilateral Development…
Panama Canal to make changes due to future drought fears
By: Staff Writer December 6, 2024 The Panama Canal drought of 2024 is possibly one of the worst catastrophes to have hit the Central American country in decades, and us…
CARILEC Reflects on Challenges and the Resilience of the Caribbean Energy Sector as the 2024 Hurricane Season Ends
December 3, 2024 The 2024 Atlantic hurricane season officially concluded on November 30, marking the end of what the National Oceanic and Atmospheric Administration (NOAA) predicted to be an above-normal…
St. Lucia: Staff Concluding Statement of the 2024 Article IV Mission
December 6, 2024 Recent Developments and Outlook Growth is expected to pick up to 3.7 percent in 2024 on tourism expansion and revived construction activity and then moderate to 1.5 percent…
IMF says US$100 billion needed for resilience building to climate change in the Caribbean
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…
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…