Finance
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Caribbean Development Bank Appoints Daniel Best as its Seventh President
The Board of Governors of the Caribbean Development Bank (CDB) announces the election of Mr. Daniel Best, a native of Barbados, as the seventh President of the institution. This decision, reached (Wednesday), underscores the Bank’s commitment to visionary leadership and sustainable development across the Caribbean region. Mr. Best brings a wealth of experience and a deep understanding of the region’s…
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Keynote Address by Dr. Armstrong Alexis, Deputy Secretary-General, CARICOM | Caribbean Association of Banks Inc. Annual General Meeting and Conference | Bridgetown, Barbados | 24 October 2024
“I leave with you, one key message which I hope will inspire you, and that is we, CARICOM people and institutions, have the means to secure a bright future for our Region and its citizens. Our initiatives hold the potential to transform the financial landscape in CARICOM Member States and help to secure the foundations for building out a resilient…
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Saint Lucia approves incentives for 20 new tourism projects – CARICOM Business
The St. Lucia government says it is anticipating investment in the tourism industry to surpass EC$320 million as a result of negotiations with various investors during the first 8 months of this year. “Investors are showing a high level of confidence and interest in St Lucia’s economic prospects. This is evident by the level of tourism investments which have been…
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Antigua registers 7% increase in tourist arrivals in July – CARICOM Business
Antigua and Barbuda has reported a 7% increase in tourist arrivals in July as the country continues to record a “steady rebound” in visitor arrivals in the wake of the coronavirus (COVID-19) pandemic that had forced the closure of borders. The Ministry of Tourism said during July, Antigua and Barbuda welcomed 24,673 visitors, an increase of 23,405 from the corresponding…
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LIAT looks to minimum revenue guarantees for viability – CARICOM Business
The Antigua and Barbuda government says every territory to which the cash-strapped regional airline, LIAT, flies to will be asked to purchase shares in the new company as efforts continue to revitalise the embattled airline. In a statement, the Government noted that “in the proposed new LIAT, thesalaries, wages and other emoluments will take up a smaller part of its…
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Survey on concerns about financial services launched
The CARICOM Secretariat is developing a common financial consumer protection (FCP) regime to regulate the conduct of financial service providers (FSPs) and to protect clients of financial institutions in CARICOM Member States. This project is part of the Strengthening Framework for CARICOM Integration and Cooperation Processes and is funded by the 11th European Development Fund. Click on the link to…
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Energy Services Customers to Benefit Most from New CARICOM-led Credit Risk Initiative
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) Customers for energy services across the Caribbean Community (CARICOM) are expected to be the main beneficiaries of an ongoing initiative that seeks to facilitate ease of access to credit for small and medium enterprises (SMEs) within the Region’s energy sector. The Credit Risk Abatement Facility (CRAF) is currently being developed by the CARICOM Development Fund (CDF) – a…
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CARICOM Business News
Please see the latest edition of the CARICOM Business newsletter which comprises information culled from news entities in the Caribbean and beyond and includes a Foreign Exchange Summary, a Stock Exchange Summary and International Oil Prices. CARICOM Business 16 Feb 2018
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‘Looming’ issue of de-risking in Region remains high on CFATF agenda
Executive Director of the Caribbean Financial Action Task Force (CFATF), Calvin Wilson has said that de-risking or the loss of correspondent banking relations is looming largely across the Caribbean region because of what is being perceived by international financial institutions as “high-risk jurisdictions operating in a high-risk region.” Wilson is disagreeing with this perception on the basis that many of the…
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