finance
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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…
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Issues impacting lives of CARICOM Citizens get attention at COFAP Meeting in Barbados
CARICOM Finance and Planning Ministers were meeting in Barbados Tuesday to advance a number of development initiatives geared towards enhancing the use and operation of the Single Market and Economy. It is the sixth Special Meeting of the Council for Finance and Planning (COFAP) and was convened under the Chairmanship of Antigua and Barbuda’s Prime Minister and Minister of Finance…
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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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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,…
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All options to be pursued for solution to banking sector threat – CARICOM Chair
The Caribbean Community (CARICOM) will employ the full gamut of options available to it to confront the banking crisis that is threatening the Region Chair of the Community and Prime Minister of Belize, the Hon. Dean Barrow said. He underscored the necessity of collective action, sensitisation and mobilisation. Among the steps Heads of Government have decided on at their Twenty-Seventh Intersessional Meeting…
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Finance sector threat to get regional attention
Placencia, Belize, 15 Feb, 2016: Ahead of Monday night’s Opening of the CARICOM Heads of Government Inter-Sessional meeting in Belize, Finance Ministers are deliberating this morning on a regional response to a threat to the banking sector in Member States. The issue is the threat to correspondent banking relationships, or the possible loss of access to the international financial markets…
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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…
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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…
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Redouble efforts on Deposit Insurance – CARICOM ASG
Redouble efforts and focus on the “critical policy intervention” of Deposit Insurance, CARICOM Assistant Secretary-General, Trade and Economic Integration, Mr. Joseph Cox, said Monday. CARICOM Assistant Secretary-General, Trade and Economic Integration, Mr. Joseph Cox He was at the time addressing a Regional consultation at the Radisson Resorts in Barbados that focused on the development of a harmonised deposit protection model…
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