WASHINGTON, DC – A new report by the Inter-American Development Bank (IDB) says that Caribbean economies are at a crossroads, highlighting progress in economic recovery in most Caribbean economies, despite persistent external shocks, but warning that risks remain in the near-term. 

PORT OF SPAIN, Trinidad – The Central Bank of Trinidad and Tobago (CBTT) says economic activity is expected to improve this year, bolstered by activity in both the energy and non-energy sectors.

KINGSTON, Jamaica – The Bank of Jamaica (BoJ) says a third digital payment wallet provider is expected to enter the market in the near future to facilitate transactions utilizing Jamaica’s Central Bank Digital Currency (CBDC).

NASSAU, Bahamas – Bahamas Prime Minister Phillip Davis Wednesday said the move towards a digital transformation agenda will make The Bahamas more competitive on the global stage.

KINGSTON, Jamaica – Governor of the Bank of Jamaica (BoJ), Richard Byles, says the local economy continues to expand, which supports increases in aggregate demand for goods and services and can potentially drive inflation upward.

CASTRIES, St. Lucia – The Commission of the Organisation of Eastern Caribbean States (OECS), has issued a call for startup companies in member states, to participate in its accelerator program called the OECS Global Startup Hub, targeting up to 200 technology and technology enabled MSMEs in the OECS for intense and world class training, mentorship and technical assistance.

GEORGETOWN, Guyana – Guyana on Friday launched the third Agri-Investment Forum and Expo with the government saying it remains committed to strengthening process to transform agri-food system through innovation and investment.

ROSEAU, Dominica – Dominica has launched an online platform that will allow persons to apply for licenses, permits, certificates, and other documents related to imports, exports, and transit documents.

BRIDGETOWN, Barbados – The Trinidad-based Caribbean Telecommunications Union (CTU) says it is part of an initiative aimed at facilitating financial transactions amongst businesses in the Caribbean Community (CARICOM).

KINGSTON, Jamaica - Prime Minister Andrew Holness, says Jamaica is close to full employment as the country recorded a record low unemployment level of 4.5 per cent.

NASSAU, Bahamas – The Bahamas government says it is examining new initiatives as it seeks to honor obligations made to the European Union in order for the country to be considered for removal from the EU’s list of non-cooperative jurisdictions in October.

HAVANA, Cuba – The government of Cuba this week announced that banks will again accept cash deposits in US dollars following the lifting of a ban prohibiting the practice.