PARAMARIBO, Suriname – The government of Suriname has signed loan agreements amounting to US$ 10 million with the Caribbean Development Fund (CDF) that will go towards electrification projects .
All Stories
ST. JOHN’S, Antigua – Prime Minister Gaston Browne says his administration is prepared to negotiate directly with the former employees of the regional airline, LIAT (1974) Limited that went bankrupt earlier this year.
BRIDGETOWN, Barbados – President of the Barbados-based Caribbean Development Bank (CDB), Dr. Hyginus ‘Gene’ Leon, has resigned with “immediate effect” from the regional financial institution.
KINGSTOWN, St. Vincent – St. Vincent and the Grenadines Prime Minister Dr. Ralph Gonsalves has written to the World Bank opposing a move to increase its interest rate and shorten repayment period for loans to countries.
BRIDGETOWN, Barbados – The Barbados-based Caribbean Development Bank (CDB) Tuesday remained mum on the resignation of its president, Dr. Hyginus ‘Gene’ Leon, who has also threatened to file a lawsuit against the region’s premier financial institution.
WASHINGTON, DC – The International Monetary Fund (IMF) says Latin America and the Caribbean (LAC) region has showed “quite a bit of resilience” and that the rebound from the coronavirus (COVID-19) pandemic has been stronger than previously expected.
WASHINGTON, DC – The Inter-American Development Bank (IDB) Group has launched FINLAC, a new initiative to promote financial inclusion by ensuring that the most vulnerable people in Latin America and the Caribbean (LAC) can access the financial services they need.
BRIDGETOWN, Barbados – Former Montserrat premier Reuben Meade Monday said he found it “rather interesting” that subordinate body within the Barbados-based Caribbean Development Bank (CDB) had been able to send the president of the financial institution on administrative leave.
HAMILTON, Bermuda – The Bermuda government says economic growth in the British Overseas Territory has exceeded the pre-COVID-19 pandemic level with international business, local financial insurance and the real estate sectors contributing significantly to the growth.
BRIDGETOWN, Barbados – Government on Saturday signed a US$25 million loan from the African Export–Import Bank (Afreximbank) to redevelop Kensington Oval, with Chairman of the Kensington Oval Management Inc (KOMI) outlining plans to transform the facility into a multi-purpose venue.
WASHINGTON, DC – The World Bank chief economist for Latin America and the Caribbean, William Maloney, Wednesday urged Guyana to ensure that its new found oil wealth benefits the entire population.
WASHINGTON, DC -The World Bank says that while the Latin America and Caribbean (LAC) region has made significant progress in economic stabilization over recent decades, growth has stalled, undermining progress and that urgent action is needed to reverse course.
WASHINGTON, DC - The creation of the National Partnership Council, the Economic Programme Oversight Committee (EPOC); the adherence to the Fiscal Responsibility Framework introduced in 2010 as well as the continuation of the policy by the JLP in 2016 were instrumental in Jamaica reducing its debt to GDP ratio in a remarkably sustained manner.