WASHINGTON, DC – The Inter American Development Bank (IDB) says that remittances received by Latin American and Caribbean (LAC) countries are projected to reach a record US$155 billion in 2023.
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GEORGETOWN, Guyana – President Dr. Irfaan Ali on Thursday announced that public servants, teachers, members of the disciplined services, staff of semi-autonomous agencies and public enterprises will receive a $25,000 one-off bonus payable in December 2023.
BRIDGETOWN, Barbados – Barbados’ financial system remained stable throughout last year and remained so up to the end of the third quarter of 2023, despite global economic and political turmoil, according to the 2022 Financial Stability Report released on Wednesday.
KINGSTON, Jamaica – The Jamaica government has issued the first ever Jamaican Dollar (J$) linked international bond in the amount of J$46.6 billion or US$300 million, according to a statement released here on Tuesday.
KINGSTON, Jamaica - Caribbean Community (CARICOM) Central Bank governors are giving support to a pilot program for the CARICOM Payment and Settlements System (CAPSS).
BASSETERRE, St. Kitts – The St. Kitts-based Eastern Caribbean Central Bank (ECCB) says it is collaborating with the London-based Central Banking to host a three-day global conference on green financing, reserve management and fintech.
KINGSTON, Jamaica – The Bank of Jamaica (BOJ) has issued an interim notice announcing the temporary suspension in the exchange of Trinidad and Tobago dollars at its banking counter.
GEORGETOWN, Guyana – Guyana’s Finance Minister Dr. Ashni Singh, says there’s a strong preference within the Caribbean Community (CARICOM) for a market based solution to deal with the transportation problems in the region.
SANTIAGO, Chile – The Economic Commission for Latin America and the Caribbean (ECLAC) Tuesday predicted that the value of goods exports from Latin America and the Caribbean (LAC)will fall by two per cent this year, in a context of great weakness in global trade.
NASSAU, Bahamas – Prime Minister Phillip Davis says the US$600 million expansion of the Grand Bahama Shipyard (GBSY) represents the Bahamas resolute ambition to be a world leader in ship repair as well as creating numerous opportunities for the people of Grand Bahama.
ST. GEORGE’S, Grenada – The recently appointed Hydrocarbons Technical Working Group is to submit a report on the report on the technical and economic feasibility of developing Grenada’s hydrocarbon reserves.
PORT OF SPAIN, Trinidad – Chairman of the Caribbean Tourism Organization (CTO) Kenneth Bryan has amplified the pivotal role of small- and medium-sized enterprises (SME) in the Caribbean’s economic landscape, highlighting their significance in generating jobs, fostering innovation, and contributing substantially to the region’s Gross Domestic Product (GDP).
KINGSTON, Jamaica – Jamaica's Prime Minister Andrew Holness has given his government’s commitment to bridge the socio-economic divide in the country and would make sure that the gains from economic success are shared more equitably across all communities.