News and Media
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Grenada: Public Debt declines to 68.9% in 2021: CARICOM BUSINESS
Grenada’s recovery from the pandemic is being led by construction & agriculture, resulting in an expected expansion of real output of approximately 5% in 2022. According to the IMF, the current account deficit has widened, as weak tourism receipts, higher fuel prices and import demand from construction offset the recovery in agricultural exports. Public debt is estimated to have declined…
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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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Jamaican economy confirmed to grow by 5.8% in 3rd quarter: CARICOM BUSINESS
Total value added for the Jamaican economy increased by 5.8% during the third quarter of 2021 relative to the third quarter of 2020. According to the Statistical Institute of Jamaica, this was attributable to growth in both the Services and Goods Producing Industries of 7.1 and 2.4% respectively. The growth in the Services Industries was due to improved performance in…
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CARICOM congratulates Haiti on Independence Anniversary
The Caribbean Community (CARICOM) has congratulated the Government and People of Haiti on the country’s Two Hundred and Eighteenth Anniversary of Independence which it celebrates on 1 January 2022. “As the Government and People of Haiti enter a new year of independence, CARICOM extends its best wishes for goodwill and unity to prevail in the current multifaceted challenges,” CARICOM Secretary-General…
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Bahamas largely compliant with AML/CFT requirements: CARICOM BUSINESS
The Bahamas is now compliant with 38 out of 40 Financial Action Task Force (FATF) recommendations to strengthen its AML/CFT framework, with the Caribbean arm of the regulatory body, noting that this jurisdiction is now “compliant” with 18 recommendations and “largely compliant” on 20 of them. The recently released 4th Enhanced Follow Up Report and Technical Compliance Re-Rating, noted the…
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End of Year Message from the Secretary-General of the Caribbean Community (CARICOM) Dr Carla N. Barnett
The joy of this festive period is once again tempered by the continuing onslaught of the COVID-19 pandemic. Throughout the year, our immediate concern has been how best to secure lives and livelihoods in our Member States, as the virus’ lingering presence slows the recovery of the economic and social well-being of the people of our Community. The primary focus has…
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CARICOM Secretariat participates in International Meeting on support for Haiti
The Caribbean Community Secretariat was among the countries and international organisations invited by the US administration to the International Partners Meeting on Haiti held by videoconference on 17 December 2021. The meeting sought to gain a sense of what support could be provided by the international community to help Haiti which at present is mired in a multifaceted crisis. The…
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CARICOM Secretary-General announces appointment of two (2) new Members of the Executive Management Committee of the CARICOM Secretariat
Secretary-General of the Caribbean Community (CARICOM), Dr. Carla N. Barnett, has announced the appointment of two (2) new Members to the Executive Management Committee at the CARICOM Secretariat. They are Ambassador Donna Forde as Assistant Secretary-General, Foreign and Community Relations, and Ambassador Wayne McCook as Director General of the Office of Trade Negotiations (OTN). Ambassador McCook replaces Ambassador Gail Mathurin…
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CARICOM SG to hold Year-End Press Conference
CARICOM Secretary-general Dr Carla Barnett will hold a Regional Year-End Press conference on Tuesday 14 December 2021 from 10:00 a.m. Eastern Caribbean Time. The Press Conference will be livestreamed on the CARICOM You Tube Channel – https://www.youtube.com/caricomorg and the CARICOM Face Book Page – https://www.facebook.com/caricom.org Media Representatives can register in advance to participate in the Press Conference at: https://uwi.zoom.us/meeting/register/tJArcu2trDsiHN1OK9fdKiN2tZ56_AxSvs4I
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Capitalise on opportunities pandemic creates – CARICOM ASG urges Region
The Region’s emergence from the widespread impact of the pandemic underpinned the discussions of the CARICOM Trade Ministers who met 23-24 November for the 53rd Council for Trade and Economic Development (COTED). The two-day Ministerial addressed a number of matters that focused on the continued safe reopening of economies in a COVID-19 environment, re-configuring business processes and digitalisation, and consolidating…
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