June 13, 2022
IMF managing director to visit the Caribbean
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, is to participate in a panel discussion on capacity building partnerships for a more resilient Caribbean later this week. According to a statement posted on the…
June 10, 2022
Scotiabank announces termination of sale in Guyana
Scotiabank Friday announced that the agreement for the sale of its banking operations in Guyana to the Trinidad-based First Citizens Bank Limited (First Citizens) has expired and as a result “the agreement has been terminated in accordance with its…
June 9, 2022
CDB’s Youth Forum A Success: Features Turks and Caicos Islands Young Professionals
The Caribbean Youth for Innovation and Resilience (Youth FIRE) forum initiated by the Caribbean Development Bank as part of its 52nd Annual Meeting's series of events is dubbed a success. On Tuesday, June 7th, two panels featuring youth and future…
May 27, 2022
INVEST TCI HOSTED 3RD ANNUAL ECONOMIC CONFERENCE
Invest TCI hosted its 3rd Annual Economic Conference on Tuesday, 24th May. It was held under the theme: Strengthening Our Domestic Investment Landscape. The Keynote Speakers of this year’s event was Deputy Premier and Minister of Finance, Honorable…
May 23, 2022
Governments should subsidise food and energy, says IMF boss
Governments need to subsidise the cost of food and energy for the poorest members of society, the head of the International Monetary Fund (IMF) has told the BBC.People around the world are struggling with the rising cost of living. Kristalina…
May 21, 2022
Sri Lanka defaults on debt for first time in its history
Sri Lanka has defaulted on its debt for the first time in its history as the country struggles with its worst financial crisis in more than 70 years. A 30-day grace period to come up with $78m (£63m) of unpaid debt interest payments expired on…
May 19, 2022
Stock markets fall amid concern over rising prices
Stock markets in Asia and the US have fallen over concerns that rising prices could send the global economy into a slowdown.US shares saw their biggest one-day drop since 2020 after downbeat earnings reports from some of America's biggest……
May 17, 2022
Sri Lanka down to last day of petrol adds new Prime Minister
Sri Lanka's new prime minister says the country is down to its last day of petrol as it faces its worst economic crisis in more than 70 years. In a televised address, Ranil Wickremesinghe said the nation urgently needs $75m (£60.8m) of foreign…
May 17, 2022
St. Vincent green light to virtual asset legislation
The St. Vincent and the Grenadines has become the fourth member of the Eastern Caribbean Currency Union (ECCU) to approve virtual assets legislation drafted by St. Kitts-based Eastern Caribbean Central Bank (ECCB). The ECCU member countries are…
May 16, 2022
Global wheat prices jump after India export ban
The price of wheat has jumped on international markets after India banned the export of the staple cereal. The benchmark wheat index rose as much as 5.9% in Chicago, the highest it has been in two months. The export ban comes as a heatwave has hit…