BRIDGETOWN, Barbados: The majority of Caribbean economies are on the rebound says Director of Economics at the Caribbean Development Bank (CDB) Mr. Ian Durant. Speaking at the Bank’s Annual News Conference on February 20, 2024, the Bank’s chief economist stated that “CDB forecasts an average growth rate of 8.6% for its 19 Borrowing Member Countries in 2024, largely attributable to increased oil […]
New projections released today by ECLAC estimate that all the subregions will experience lower growth this year compared with 2022. The economies of Latin America and the Caribbean are facing a complex external scenario in 2023, marked by low growth in economic activity and global trade. In addition, the interest rate hikes carried out globally […]
A recruitment executive is lauding the recent spate of minimum wage hikes trending throughout the Caribbean, noting that it’s a welcome change for residents but also a potential sign of economic turnaround after two gruelling years. “I’m sure the impacted residents all feel that this has been a long time coming,” says Joseph Boll, CEO […]
St. George’s, Grenada; July 01, 2021: Republic Bank, in its continued efforts to fuel small business growth and support national economic development, is constantly scoping opportunities to expand its portfolio of products and services to meet the needs of the communities it serves. Its most recent product is its new guaranteed loans of up to […]
June 17, 2021, BRIDGETOWN, Barbados – Highlighting the importance of restructuring Caribbean economies, the Director of Economics at the Caribbean Development Bank (CDB), Ian Durant says increasing competitiveness has to be the top priority for inducing strong and inclusive growth and overcome the impact of the COVID-19 pandemic. Speaking at the seminar “Reimagining Caribbean Economies […]
February 25, 2021, BRIDGETOWN, Barbados – After an extremely difficult year in which the economies of its 19 Borrowing Member Countries (BMCs) contracted by 12.8% on average due to the onset of Covid-19, the Caribbean Development Bank (CDB) is projecting an average gross domestic product (GDP) growth of 3.8% in 2021. However, this projection, made […]
“The Caribbean should not be invisible for many and disposable for some,” said Prime Minister of Barbados and Chairman of CARICOM, Hon. Mia Mottley, at a recent online event hosted by the Organization of the Eastern Caribbean States (OECS Commission). In her discourse she pointed out that: “The Region should not be abandoned, as […]
2 June, 2020. Grenada – The Government of Grenada (GoG) supported by the UN International Organization for Migration (IOM), welcomes the recruitment of Dr. Neville Ying to lead the finalization of the Grenada National Diaspora Engagement Policy & 5-year action plan. With this development, the GoG moves forward with its committment to formally create a […]
Alicia Bárcena Ibarra* Everything seems to be one gigantic mistake. We console ourselves by saying that everything has happened as it should not have happened. But it is we who are mistaken, not history. We must learn to look reality in the face; if necessary, we must invent new words and new ideas for these […]
