Economy

CCC Committed to Competitive Markets and Consumer Protection in the CARICOM Region During the Coronavirus Pandemic

March 27, 2020

(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) The Coronavirus (COVID-19) pandemic is an unprecedented challenge for the small economies of the Caribbean Community (CARICOM). With Member States closing borders, recommending social distancing and closure of main economic activities such as dining out, “staycations” and other community gatherings, it is fair to say that COVID – 19 has […]

National Address by Dr. the Right Honourable Keith Mitchell Prime Minister, Grenada, Carriacou and Petite Martinique March 20, 2020

March 23, 2020

Fellow citizens, the pandemic, COVID-19 has resulted in a global crisis that is unlike any we have seen in our lifetime. Over 250,000 people worldwide, have, so far contracted COVID-19. We are thankful thus far, that no case of the virus has yet been confirmed here in the Tri-Island State of Grenada. Nevertheless, we know […]

Government to Take Sector-Based Approach to Determine Economic Impact of COVID-19

March 18, 2020

March 17, 2020 – The Government of Grenada is preparing to embark on a series of sector-based consultations to examine the potential impact of COVId-19. Following the broad-based gathering last Thursday that was initiated by Prime Minister and Minister of Finance, Dr. the Right Honourable Keith Mitchell, several sector specific consultations are now being planned […]

Overall Deceleration Persists in Latin America and the Caribbean in 2019 and Low Growth is Expected for 2020

November 11, 2019

ECLAC updated its growth projections for the countries of the region. (November 11, 2019) The Economic Commission for Latin America and the Caribbean (ECLAC) downwardly revised its projections for growth in the region’s economic activity in 2019, forecasting an average expansion of 0.1% in Latin America and the Caribbean, the Commission indicated today in a press […]

Patricia Scotland, Commonwealth Secretary-General

The World Must Not Sleep-Walk Into Another Debt Crisis

October 18, 2019

By Patricia Scotland, Commonwealth Secretary-General Trade wars, protectionism, and nationalist rhetoric are combining to weave the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the highest levels since the 1950s – and history suggests we should take this as a warning that a debt […]

Prime Minister Welcomes CDB Endorsement of Grenada as Fastest Growing Economy in the Caribbean

March 22, 2019

March 21, 2019 – Prime Minister and Minister of Finance, Dr. the Right Honourable Keith Mitchell has welcomed the report from the Caribbean Development Bank (CDB) that Grenada remains the fastest growing economy in the Caribbean. The CDB’s latest Country Economic Review, for Grenada states that “In 2018, Grenada continued to be the fastest growing […]

Antigua and Barbuda is Seeking to Guarantee its Food Supply by Diversifying Production

February 20, 2019

San Jose, 19 February 2019 (IICA). Antigua and Barbuda is banking on sweet potato and cassava as alternatives that could reduce its high import bill, through value added production in these chains, which will revitalize the economy. Through a training initiative, nutrition teachers, NGO staff at the national level, staff from the local prison and […]

Hero CPL Economic Impact Reaches US$127 Million

January 17, 2019

The Hero Caribbean Premier League (CPL) total economic impact for 2018 has shown a 34% increase on last year. A total economic impact for the seven countries where the tournament had matches in 2018 was US$127,355,010, the first time that the tournament has had a positive economic impact in excess of US$100million. This figure has […]

2019 Budget Focused on Building Resilience

November 21, 2018

Prime Minister Dr the Rt Hon Keith Mitchell during the introduction of the 2019 Budget affirmed his Government’s commitment to building resilience in all sectors for the benefit of the nation. The 2019 Budget, themed ‘Building resilience, Advancing Social Development, Transforming our Economy’, according to Dr Mitchell is, in fact, deliberate, as it captures the […]

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