Featured News

The Employment Rights Act - A New Era For Barbados

May 17, 2013 -- While other pieces of legislation, such as the Shops Act, Holiday with Pay Act and the Employment (Miscellaneous Provisions) Act, address employment in Barbados, the Employment Rights Act 2012 signals a new era for employment rights.

New Record High of 173.361 Billion Dollars of Foreign Direct Investment Received by the Region in 2012


May 15, 2013 -- In 2012, Latin America and the Caribbean received a record 173.361 billion dollars of foreign direct investment (FDI) (6.7% more than in 2011), despite an external context characterized by shrinking FDI flows worldwide, according to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

Recent Releases

St. Lucia: Budget 2013

Castries - May 15, 2013 - Mr. Speaker, coming then to Saint Lucia’s reality, at the end of 2012, our overall deficit stood at 9 percent of GDP. More specifically, it was at the same level as that of Dominica, and higher than that of St. Kitts & Nevis when these countries started their engagement with the IMF. However, all these countries had debt-to-GDP ratios in excess of 100 percent when they entered into IMF arrangements. Our current debt level is about 71 percent of GDP up from 65 percent in 2011.

Grenada: Budget Speech 2013

St. George's, Grenada -- May 15, 2013 -- Our Nation is well aware that our Government, while in transition, has only had seven weeks to prepare this Budget. Nonetheless, we have complied with the law. Realistically, this Budget must be seen as somewhat of a holding Budget aimed at securing authorization for expenditure for the remaining eight months of this year while facilitating the implementation of some of Government’s key priorities. 

Trinidad : $704m Loss for Caribbean Airlines

Port-of-Spain -- May 15, 2013 -- (newsday.co.tt): State-owned Caribbean Airlines Limited (CAL) made a loss of $441 million for the financial year 2012, according to unaudited estimates released by Finance Minister Larry Howai yesterday.

UNWTO: International tourism receipts grew by 4% in 2012

May 15, 2013 -- Receipts from international tourism in destinations around the world grew by 4% in 2012 reaching US$ 1075 billion. This growth is equal to the 4% increase in international tourist arrivals which reached 1035 million in 2012

IMF Statement on Stand By Arrangement with Antigua & Barbuda


May 15, 2013 -- The final review of the SBA has determined that the Government of Antigua and Barbuda has made excellent progress toward achieving its goal of restoring debt sustainability and macroeconomic stability.

Antigua and Barbuda enter CTCP second phase

May 15, 2013 -- State and non-state actors gathered, on Wednesday, for the launch of the components 100 and 300 of the Caricom Trade and Competitiveness Project (CTCP). Antigua and Barbuda is first on the list of the Member States that will embark on the next level of the CTCP, Ambassador Colin Murdoch noted.

Bahamas signs for installation of $14M aviation radar system

NASSAU, Bahamas -- May 6, 2013 -- Prime Minister the Rt. Hon. Perry G. Christie said the Government is focused on improving the quality of aviation regulation and aviation security activities, including the development of a risk management regime and the improvement of service delivery, by improving efficiency and effectiveness in the aviation sector.

Latin America & Caribbean Require Additional Financial Resources to Achieve Climate Stabilization


May 6, 2013 -- New findings estimate that about $100 billion would be required annually to implement key mitigation strategies.

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