finance
-
Caribbean needs financial backing
(Guyana Chronicle) In an earnest letter on behalf of the Caribbean Region, Prime Minister of Antigua and Barbuda, Gaston Browne, has written to the World Bank and International Monetary Fund (MF) requesting specific financial attention, as the Region grapples with significant economic loss linked to tourism and braces for the catastrophic effects of the hurricane season. In the letter sent…
Read More » -
CARICOM to take concern about banking threat to US, UN, WTO
PLACENCIA, Brazil, Friday February 19, 2016 – Concern that a decision taken by global banks could ruin the region’s financial sector has prompted a decision by Caribbean Community (CARICOM) leaders to take the matter as far as the World Trade Organization (WTO), the United Nations (UN) and the United States President. According to CARICOM chairman, Belize Prime Minister Dean Barrow,…
Read More » -
Guyana stands to be first country to receive assistance from CDF in second funding cycle
Guyana is likely to be the first member state to benefit from a new country assistance programme (CAP) under the CARICOM Development Fund’s (CDF) 2015-2020 funding cycle, since that country is already eligible to receive further support by virtue of having paid up its full assessed contribution to the organisation. CEO Rodinald Soomer disclosed this recently stating: “The CDF is…
Read More » -
Regional financial services sector called on to be proactive not reactive
The Caribbean region has to take ownership of regulatory issues affecting the international financial services sector. Stakeholders in the sector must start using their high level of expertise and the Diaspora community with their vast international connections to lobby and convince international regulatory institutions of the importance of the sector for the regional economies. To change the focus from reactive…
Read More »