November 18, 2022 A staff team from the International Monetary Fund (IMF), led by Ms. Alina Carare, held virtual discussions during November 3-4, and visited Managua during November 7-15 for…
Category: BUSINESS AND FINANCE
FTX Exchange fallout prompts other exchanges to come clean on the books!
By: Staff Writer November 15, 2022 The Royal Bahamas Police force are working with the Securities Commission to investigate if any “criminal misconduct occurred” in view of the collapse of FTX,…
TRINIDADIAN AMONG FIVE NOMINATED FOR IDB PRESIDENT POST
By Kimberly Ramkhalawan Tuesday November 15, 2022 kramkhalawan@caribmagplus.com Trinidadian and Former IDB official Gerard Johnson has been nominated among five candidates for the post of Inter-American Development Bank (IDB) President. Johnson…
IMF Executive Board Concludes the Third Review of Costa Rica’s Extended Fund Facility and Approves the Request for the Resilience and Sustainability Facility
November 15, 2022 The Executive Board of the International Monetary Fund (IMF) completed today the third review of Costa Rica’s economic reform program supported by the IMF’s extended arrangement under…
Government of St Kitts and Nevis does NOT accept cryptocurrency as a form of payment for its Citizenship by Investment programme
November 15, 2022 The government of St Kitts and Nevis, along with the Citizenship by Investment Unit of the country, have refuted claims that investors interested in gaining citizenship to…
Belize to Promote Digital Innovation, Spur Economic Growth with $10 Million IDB Loan
November 15, 2022 Belize will promote the digitalization of companies and government services, and boost local economic growth, financed by a $10 million loan from the Inter-American Development Bank. The…
Overwhelming response for inaugural Caribbean Investment Forum
By: Staff Writer November 11, 2022 Over 600 participants attended the inaugural Caribbean Investment Forum in Port of Spain, Trinidad this past week with every CARICOM country present with over…
Dukharan: November Caribbean Economic Report
November 11, 2022 Supply-side inflationary pressures continue to build across the Caribbean, enhanced by currency depreciation in Suriname and Cuba. Bahamas downgraded (Moody’s), Barbados affirmed (Fitch), Jamaica affirmed (S&P).
LatAm and the Caribbean Most Exposed to a US Recession
November 11, 2022 Latin America (LatAm) and the Caribbean are the most susceptible regions to a US recession, Fitch Ratings says in a new report. This reflects LatAm and the…
Saint Lucia increases its production capacity to overcome dependency on food imports
November 11, 2022 In response to the global food crisis, Saint Lucia, a small island state in the Caribbean, has rolled out a number of government programmes to increase food…
Online Job Searches Can Help Disabled Workers
November 11, 2022 While employers seeking to hire skilled labourers often use traditional forms of recruitment, such as by word of mouth, a businessman and recruitment expert is encouraging more…
Women Likely Leading Jamaica’s Recovery
November 11, 2022 Whether knowingly or unknowingly, women are likely leading the charge when it comes to Jamaica’s recovery, with labour data showing they perform the double duty of accounting…