November 22, 2021
World Bank predicts uplift in 2021 in the remittance sector
The World Bank is forecasting an increase in remittance levels for 2021, noting that this will be fuelled mostly by transfers to Latin America by migrants in the United States. Remittances to low- and middle-income countries are projected to grow…
November 20, 2021
Dominican Republic moves towards deepening ties with Central America
The government of the Dominican Republic has announced plans to deepen its integration with countries in Central America. The process is the result of two meetings of President Luis Abinader with his counterparts of the Central American region,…
November 17, 2021
IMF predicts economic growth of more than eight per cent for Jamaica
The International Monetary Fund (IMF) Wednesday is predicting economic growth of more than eight per cent for Jamaica this year, but warned that while the economy is recovering, the coronavirus (COVID-19) pandemic poses a significant risk that could…
November 16, 2021
ST. Lucia PM says the island’s economy is in a bad shape
The St. Lucia government Tuesday said that the island’s debt at the end of July is EC$3.93 billion (One EC dollar=US$0.37 cents) saying that for the next three months it will have no access to institutional lending. Prime Minister Phillip J. Pierre…
November 14, 2021
Bahamas downgraded by Standard and Poor’s
The global ratings agency – Standard & Poor’s (S&P) has downgraded The Bahamas’ sovereign creditworthiness citing “the failure of successive governments to implement timely and effective” fiscal reforms even prior to COVID-19. In a statement…
November 9, 2021
Former pilots calling for outstanding severance payments
Former pilots with the cash-strapped regional airline, LIAT, Tuesday called on the shareholder governments to assist in reaching a settlement regarding the outstanding severance payments owed to them. President of the Leeward Islands Airline Pilots…
November 7, 2021
CDB proposes new initiative for SIDS to access concessional financing by STAFF WRITER
The Barbados-based Caribbean Development Bank (CDB) has proposed a resilience-adjusted Gross National Income (GNI) measure for Small Island Developing States (SIDS) to access concessional finance. Termed the Recovery Duration Adjuster (RDA), the CDB…
November 4, 2021
Caribbean countries to benefit from new funding agreement
The Inter-American Development Bank (IDB) has launched a US$20 million fund to strengthen green fiscal policies in Latin America and the Caribbean (LAC). The project has been launched in collaboration with the German government. The trust fund will…
November 1, 2021
IMF says impact of COVID-19 on St. Kitts economy ‘severe’
The International Monetary Fund (IMF) says that the impact the COVID-19 pandemic on the economy of St. Kitts and Nevis has been “severe.” After concluding Article IV consultation with St. Kitts and Nevis, the Executive Board of the Washington-based…
October 29, 2021
Facebook changes name to Meta as it refocuses on virtual reality
Oct 28 (Reuters) - Facebook Inc (FB.O) is now called Meta, the company said on Thursday, in a rebrand that focuses on building the "metaverse," a shared virtual environment that it bets will be the successor to the mobile internet. The name change…