August 27, 2024 Caribbean food is loved around the world for its taste, fresh ingredients, and special blends of seasoning. Turmeric, ginger, cumin, thyme, nutmeg, cinnamon, and red pepper are…
Category: BUSINESS AND FINANCE
CDB Approves USD 5 Million Grant to Improve Access to Electricity in Rural Haiti
August 27, 2024 The Caribbean Development Bank (CDB/the Bank) has approved a USD 5 million grant to fund a transformative initiative aimed at improving access to electricity for several rural…
CDB Supporting Comprehensive Climate Resilience Planning and Infrastructure for Kingston Harbour
August 27, 2024 More than 600,000 persons in Kingston, St. Andrew and Port Royal, Jamaica, are set to benefit from a major initiative aimed at enhancing climate resilience and infrastructure…
Panama Canal authorizes 50 ft draft size due to lake Gatun rise
By: Staff Writer August 23, 2024 The Panama Canal Authority announced authorized draft starting immediately will be 50 feet as Gatun lake is projected to rise. An additional transit slot…
IMF Reaches Staff-Level Agreement with Suriname on the Seventh Review of the Extended Arrangement Under the Extended Fund Facility
August 23, 2024 An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted a mission with the Surinamese authorities during July 29-August 8 to discuss policies to complete…
Caribbean Export Recognized as Strategic Partner for Export and Investment Development
August 23, 2024 In a prestigious ceremony, the Export and Investment Center of the Dominican Republic (ProDominicana) awarded Caribbean Export a special recognition for its vital support in executing projects…
Low growth and sluggish employment marks LAC’s 2024 says ECLAC!
By: Staff Writer August 20, 2024 The Economic Commission for Latin America and the Caribbean (ECLAC) in their Economic Survey of Latin America and the Caribbean (LAC) 2024 said that…
Anne-Lucie Lefebvre Appointed World Bank Country Manager in Haiti
August 9, 2024 Anne-Lucie Lefebvre has been appointed World Bank Country Manager in Haiti, based in Port-au-Prince. In her new role, Anne-Lucie is responsible for leading the dialogue between the…
IMF Staff Statement on El Salvador
August 9, 2024 An International Monetary Fund (IMF) mission led by Mr. Raphael Espinoza issued a statement following in person and virtual discussions over the past months with the Salvadoran…
FDI dropped in the LAC by nearly 10 percent in 2023 says ECLAC
By: Staff Writer August 6, 2024 The Economic Commission for Latin America and the Caribbean (ECLAC) in a recent report said that foreign direct investment (FDI) is lower by 9.9…
IMF Executive Board Concludes 2024 Article IV Consultation with Guatemala
August 6, 2024 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Guatemala and endorsed the staff appraisal without a meeting on a lapse-of-time…
Dukharan: Caribbean Economic Report, July 2024
August 2, 2024 Bermuda’s economy grew for the 5th consecutive quarter in Q4 2023; Bahamas nominal GDP still lags 2019 for several islands; DomRep expects USD4.5 billion in FDI this…