June 25, 2022
Germany takes step closer to gas rationing
Germany has taken a step closer to gas rationing after a drop in supplies from Russia. The country has triggered the "alarm" stage of an emergency gas plan to deal with shortages, Germany's economy ministry said.It is the latest part of a standoff…
June 20, 2022
ECLAC-ILO warns of ‘slow, partial and uneven’ employment in the Caribbean
The Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO) says that while regional economies grew 6.6 per cent last year, the recovery in employment has been “slow, partial and uneven”. In a…
June 15, 2022
Sri Lanka gives government workers extra day off a week
Sri Lanka is giving government officials an extra day off a week to encourage them to grow food, amid fears of a food shortage. The country has around one million public sector employees. It comes as the island nation, home to around 22 million,…
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……