By Laurel Theresa Bain With the focus on political and social reforms in the early 1950s, strategic policies for economic development were not at the forefront. The widespread devastation caused by Hurricane Janet in 1955 led to a shift in policies to recovery and reconstruction. The economic structure, which was sugar-based mono-cultural, was evolving […]
By Laurel Theresa Bain The structure of Grenada’s economy is influenced by its historical legacy, its evolution to a politically independent state, and the policies pursued by administrations. The economic developments in Grenada are outlined in the context of the political and constitutional changes over the years. In the 1950s, Grenada was shifting away from […]
By Dr. Basil Springer “Instruct those who are rich in this present world not to be conceited or to fix their hope on the uncertainty of riches, but on God, who richly supplies us with all things to enjoy.” – 1 Timothy 6:17 As I pondered over this scripture in the Book of Timothy, it […]
St. George – Earlier today, the International Monetary Fund (IMF), a leading global financial institution, released its latest assessment of Grenada’s recent economic performance, and the results are highly positive. This follows approval by the IMF’s Executive Board on 17 July 2023. The Executive’s Board assessment and the full staff report can be accessed via […]
Bridgetown, Barbados (PAHO) – The Prime Minister of Barbados, Hon. Mia Amor Mottley, today met with Pan American Health Organization (PAHO) Director, Dr. Jarbas Barbosa, during his official visit to the Caribbean country. During the meeting, Dr. Barbosa and Prime Minister Mottley discussed the urgent need to protect health while promoting social and economic development in the […]
June 23, 2021, BRIDGETOWN, Barbados – President of the Caribbean Development Bank (CDB), Dr Gene Leon has proposed the formation of a regional action group, combining the strengths and capacity of key regional institutions to drive the Caribbean’s economic and social development agenda. “We can benefit from combining our strengths to provide leadership, advice and […]
Washington, DC – The U.S. Virgin Islands Research and Technology Park Corporation (RTPark) – an independent affiliate of the University of the Virgin Islands—this week received the International Economic Development Council’s Economic Development Organization (EDO) of the Year award. The honor was presented at an awards ceremony during the IEDC Annual Conference, which gathers over […]
The Presidents of the Caribbean Development Bank (CDB) and the Inter-American Development Bank (IDB) and the Chief Executive Officer of IDB Invest have today signed a mutual cooperation agreement. The new agreement between the IDB Group and CDB support economic development and integration of the Caribbean community and common market. “Today’s signing ceremony is a […]
The rise of exports in the agro-processing sector unlocks exciting opportunities for economic diversification in Trinidad and Tobago (T&T). This, according to the latest policy brief published by the Economic Commission for Latin America and the Caribbean (ECLAC), entitled `Policy actions to facilitate upgrading of the agricultural sector in Trinidad and Tobago’. According to the […]
