caricom business newsletter

  • Photo of Shipping costs trending downwards: CARICOM BUSINESS

    Shipping costs trending downwards: CARICOM BUSINESS

    Global shipping costs are starting to trend downwards, nonetheless prices remain elevated considerably above pre-pandemic levels. Indeed, there is an approximate 50% reduction being experienced by Caribbean importers. According to Richard Pandohie, former President of the Jamaica Manufacturers & Exporters Association, the cost for shipping a 40ft container now ranges between US$10,000 and US$12,000, “still above pre-pandemic level of US$4-5k…

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  • Photo of Barbados lauded by IMF on economic reform: CARICOM BUSINESS

    Barbados lauded by IMF on economic reform: CARICOM BUSINESS

    Barbados has been lauded for its implementation of its economic reform program, while expanding critical investments in social protection. That the result of an IMF staff visit via videoconferencing between August 25-28, 2020, to discuss implementation of Barbados’ Economic Recovery and Transformation (BERT) plan. The Fund noted that all indicative targets for end-June under the EFF were met, with reserves…

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