While the economies of most Caribbean nations have mostly recovered from the worst of the COVID-19 pandemic, unemployment continues to be a challenge for some. As the International Monetary Fund (IMF) has reported for several nations, unemployment challenges persist especially amongst youth and women in some Caribbean countries. It is this challenge that Caribbean Employment […]
The CEO of a regional recruitment service said he hopes to see more young men pursue formal employment, encouraging them to use the many free resources at their disposal to seek gainful employment. “We see it a lot in the news in many Caribbean countries like Jamaica, The Bahamas and others, where too many young […]
NASSAU, BAHAMAS — With the International Monetary Fund (IMF) reporting favourable economic prospects for the near-term in the country, Caribbean Employment Services Inc. CEO Joseph Boll is encouraging businesses looking to recruit to use all of the resources available at their disposal. He made the comments on the heels of the IMF reporting the lowest […]
St. George’s – An International Monetary Fund (IMF) team led by Mr. Janne Hukka met with the authorities of Grenada during November 15–17 to discuss recent economic developments and follow up on the policy priorities raised during the 2023 Article IV Consultation. At the end of the mission, Mr. Hukka issued the following statement: The […]
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 […]
Washington, DC – Grenada is navigating the recovery from the twin shocks of the pandemic and a rise in energy and food prices. The authorities’ decisive policy response supported by the policy space that was created from past fiscal prudence—provided space to cushion the impact of these shocks. As the recovery takes hold, the immediate policy […]
A team from the International Monetary Fund (IMF) is currently in Grenada to conduct surveillance of the Grenadian economy, as part of its Article IV Consultation. The Article IV Consultation is regarded as the “economic health check” of a country. The previous Article IV Consultation for Grenada was concluded on May 4, 2022. The team […]
January 17, 2023 – The International Monetary Fund (IMF) has kicked off its technical assistance (TA) programme, which will support Grenada in amending and improving its Fiscal Rules Framework, with a planning meeting held on Wednesday, January 11, 2023. A stronger Framework will support fiscal robustness and improve resilience to climate change and other economic […]
Policy holders from Grenada and the OECS have renewed hope of recovering some of their investments following the collapse of the Trinidad and Tobago based British American Insurance Company (BAICO) and CLICO in 2009. The issue received a shot in the arm when the Eastern Caribbean Currency Union (ECCU) agreed last weekend to initiate court […]
