The financial contribution to PAHO will help Antigua and Barbuda, Belize, Dominica, Grenada, Guyana, Jamaica, Saint Lucia, and Saint Vincent and the Grenadines contain the spread of the novel coronavirus disease and mitigate its impact Washington D.C., May 22, 2020 (PAHO)—The United Kingdom has agreed to contribute 3 million Pounds (USD $3.8 m) to the Pan American […]
Despite bleak forecasts for the tourist sector hard-hit By The Covid-19 Pandemic, A Regional Bank Is Committed To The Sector And “Will Continue To Be active” in supporting the Caribbean tourism industry. Speaking recently during a webinar entitled, “Covid-19 and Investment in Caribbean Infrastructure”, Adam Carter, Managing Director and Head, Investment Banking at CIBC FirstCaribbean […]
May 20, 2020 – Prime Minister and Minister of Finance, Dr. the Right Honourable Keith Mitchell, says with the concessional financing Grenada has been able to attract, Government can focus more on the bolstering the healthcare system for the ongoing fight against the COVID-19 pandemic. Dr. Mitchell’s comments come against the backdrop of the announcement […]
KINGSTON, JAMAICA: As the world experiences the COVID-19 pandemic and island communities are being dramatically affected, urgent solutions are needed for island communities to combat both the short and long term impacts. Tourism is particularly important to many islands and the sudden withdrawal of this vital income stream presents a potential crisis for many communities. There is a need to […]
ECLAC’s Executive Secretary met with members of civil society from Latin America and the Caribbean, where she stressed the region’s commitment to implementing the 2030 Agenda along with the importance of fulfilling it despite the challenges imposed by the COVID-19 pandemic. (May 19, 2020) The pandemic caused by COVID-19 has exposed the economic model’s structural problems […]
The Caribbean Development Bank (CDB) is making available emergency loans to seven Caribbean countries, in the first instance, to finance the response to the COVID-19 pandemic. Today, the Bank’s Board of Directors has approved a total of US$66.7 million for Antigua and Barbuda (US$13 million), Belize (US$15 million), Dominica (US$2.5 million), Grenada (US$5.9 million), Saint Lucia (US$10.8 […]
In a virtual meeting with Latin American and Caribbean countries’ permanent representatives to the United Nations, ECLAC’s Executive Secretary, Alicia Bárcena, presented the actions taken by the Commission in response to the COVID-19 crisis. (May 17, 2020) The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, held on Friday a […]
Yachting sector to provide safe haven and get a boost during the Hurricane Season The Government of Grenada has approved a plan to facilitate the entry of yachts into the tri island state to protect them during the hurricane season, which, in turn, will also give our yachting sector a much needed economic boost, as […]
By David Gumbs, James Fletcher & Justin Locke The global economy is on lockdown and the predictions are staggering. And, there is one regional economy where the long-term realities of the coronavirus are already clear: The Caribbean. Over the past three decades, nearly every economy in the region transformed to depend on tourism, and today […]
