Economy

CDB President Calls for Enabling the Private Sector, Diversifying the Economies and Completing Regional Integration to Advance the Standard of Living in the Caribbean

September 30, 2020

The President of the Caribbean Development Bank (CDB), Dr. Wm Warren Smith, stressed at today’s 50thAnnual Meeting of the Bank’s Board of Governors that in the small Caribbean economies with no reserve currencies, sustainable advances in standards of living must be driven by export expansion. “A diversified production structure helps to build economic resilience, making economies […]

Government to Focus on Capital Projects to Stimulate the Economy

August 26, 2020

ST. GEORGE’S, GRENADA, 26 AUG. 2020 – GIS: The Grenada Government will apply a more structured approach to the implementation of capital projects to revitalise the economy in the face of continued challenges from COVID-19. During a recent address to the nation, Prime Minister and Minister for Finance, Dr. Rt. Hon. Keith Mitchell said “Government […]

Government to Collect $181m Less in Revenue Due to COVID-19

August 20, 2020

St. George’s: August 19, 2020: Government Information Service: The government of Grenada will collect $181 million less in revenue than was previously projected; the result of the devastating impact of COVID-19 on the local economy. In an address to the nation on Monday August 17, 2020, Prime Minister and Minister for Finance Dr. the […]

The Economic Future Of Jamaica: Life After COVID-19

May 19, 2020

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 […]

CARICOM’s Trade and Economic Council Approves Strategy for the Re-opening of Regional Economies

May 8, 2020

(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) The fiftieth meeting of the Council for Trade and Economic Development (COTED) this week approved a strategy for the re-opening of economies in the Caribbean Community (CARICOM). The Council which is made up of Trade Ministers and officials agreed to a framework centered on the development and adherence to […]

Responding to COVID-19 in Islands

May 5, 2020

Cabinet Approves Appointment of Seven Sub-Committees as Part of Task Force for Rebuilding Grenadian Economy

April 30, 2020

April 29, 2020 – The Cabinet has approved the appointment of seven sub-committees as part of the Task Force for Rebuilding the Grenadian Economy. The sub-committees have been identified based on the productive sectors and Cabinet has also approved the appointment of chairpersons for each sub-committee. They are as follows: Tourism and Citizenship by Investment […]

Prime Minister Initiates Task Force to Chart Grenada’s Way Forward, Post COVID-19

April 21, 2020

April 21, 2020 – Prime Minister and Chairman of Cabinet, Dr. the Right Honourable Keith Mitchell, has initiated the formation of a task force that will seek to reactivate economic activity in Grenada, post COVID-19. Since the declaration of the State of Emergency and imposition of the 24-hour mandatory curfew, economic activity across the country […]

CDB Makes US$140 Million Available to Counter the COVID-19 Pandemic and Other Disasters

April 3, 2020

The Board of Directors of the Caribbean Development Bank (CDB) met this week and approved up to US$140 million to be used by the Bank’s Borrowing Member Countries to tackle the fallout of the COVID-19 pandemic and other shocks to their economy. “The economic and social shock of the COVID-19 pandemic will likely be severe […]

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