February 6, 2024
St. Lucia launches youth economy agency
The Barbados-based Caribbean Development Bank (CDB) Tuesday launched the St. Lucia Youth Economy Agency (YEA), marking a transformative leap towards youth empowerment and economic advancement. The project was launched in collaboration with the St.…
February 5, 2024
TNT Government optimistic that US sanctions against Venezuela will not affect gas and oil deal
The Trinidad and Tobago Friday remained optimistic that it will not be affected by a threat by the United States to reinstate sanctions on Venezuela’s oil sector, which is crucial to the economy of the South American country. The threat by…
January 30, 2024
IMF warns UK government against further tax cuts
The International Monetary Fund (IMF) has "advised the UK against further tax cuts", as it launched its latest assessment of the world economy.It said preserving public services and investment implied higher spending than was reflected in the…
January 29, 2024
Caribbean tax administrators to meet in St. Lucia
The annual general assembly and technical conference of the Caribbean Organization of Tax Administrators (COTA) is scheduled to take place here in July. The Director for Economic Policy and Development at the Guyana-based Caribbean Community…
January 23, 2024
IMF says Antigua and Barbuda’s economy is recovering
The executive directors of the International Monetary Fund (IMF) Tuesday said that Antigua and Barbuda’s economy continues to bounce back from the sharp contraction experienced during the COVID-19 pandemic. The executive, which concluded the Article…
January 19, 2024
CDB President sent on administrative leave until April
The President of the Barbados-based Caribbean Development Bank (CDB), Dr Hyginus ‘Gene’ Leon, has been sent on administrative leave until April this year, as “an ongoing administrative process” continues at the region’s premier financial…
January 18, 2024
Guyana saves millions of dollars since the country embarked on oil production
The government of Guyana has reportedly saved millions of dollars since the country embarked on oil production in 2020. After the government’s total withdrawals of US$1.002 billion in 2023 from the Natural Resource Fund (NRF) based on the legally…
January 15, 2024
IDB governors to meet in Dominican Republic
Development challenges and opportunities in Latin America and the Caribbean (LAC), ranging from tackling climate change to ensuring equitable and sustainable growth, and reducing poverty and inequality will be among the issues discussed when the…
January 10, 2024
Cryptocurrency swings as watchdog X account ‘compromised’
Bitcoin jumped briefly on Tuesday after a post on the US markets regulator's X account (formerly Twitter) said it had approved new so-called exchange-traded funds (ETFs) in the cryptocurrency. The Securities and Exchange Commission (SEC) later…
January 9, 2024
Global economy set for weakest growth since pandemic
The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and investment would continue to be…