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Inter-American Development Bank/World Bank Statement on Extended Fund Facility with Jamaica

April 9, 2013 - Pending approval by their respective Boards of Directors, the World Bank and the IDB have each preliminarily allocated US$510 million in financing over the next four years. This supplements the support provided by the IMF.

IMF Mission and Jamaican Authorities Reach Staff-Level Agreement on Key Elements for EFF-Supported Program


Feb. 17, 2013 -- “The mission has reached a staff-level agreement with the Jamaican authorities on the key elements of an economic program that can be supported by a 48-month arrangement under the Extended Fund Facility (EFF), in the amount equivalent to SDR479 million (about US$750 million or 175 percent of quota).

Fitch points to growth constraints for Jamaica

Kingston - Feb. 15, 2013 - (jamaica-gleaner.com): Fitch Ratings agency on Monday affirmed Jamaica's ratings as stable at 'B-', but said crime and high energy costs continue to hurt the island's growth prospects.

Bahamas Gambling Referendum Rejected

Jan. 29, 2013 - Bahamian voters rejected a referendum to legalize gambling for citizens on Monday, January 28th, 2013. Voter turnout was said to be low, and in the two-part referendum, voters were asked whether the gambling shops should be legalized, regulated and taxed, and if the government should create its own national lottery.

World Bank: Latin America & the Caribbean Region Economic Report


Jan. 17, 2013 - Economic growth in Latin America and the Caribbean region slowed sharply in 2012, making the region the second slowest performer, after developing Europe and Central Asia, amongst all developing regions of the world. A weak external environment and a contraction in domestic demand were largely responsible for a tepid regional GDP growth estimated at 3 percent in 2012 (4.3 percent in 2011).

Central Bank Review of Barbados' Economic Performance for 2012 and Prospects for 2013

Jan. 15, 2013 - Barbados' foreign exchange reserves increased during the year to $1,467 million, and the import cover at end-December stood at 18 weeks, even though there was no real growth in the economy in 2012.

(Official Movie) THRIVE: What On Earth Will It Take?



Second Meeting of EPA Joint Council Held in Brussels

CARICOM Secretariat, Guyana - Nov. 1, 2012 - The Second Meeting of the Joint CARIFORUM-EU Council under the Economic Partnership Agreement (EPA) was held at the Headquarters of the Council of the European Union in Brussels, Belgium on 26 October 2012. The Meeting delved into challenges that have arisen in the implementation of the EPA and provided political guidance, with a view to ensuring that EPA implementation remains on track.

Trinidad: Budget Statement 2013

Port-of-Spain -- Oct. 2, 2012 - The policy choice for this country is clear. We have a strong foreign exchange position; a low debt-to-GDP level and a robust, well-capitalised banking system. We have room to pursue a policy of stimulating the economy; but this does not mean that we can tolerate extravagant spending. The current condition of the global economy requires us to be measured and watchful even as we seek to make the required investments in social and physical infrastructure aimed at boosting further the growth of the national economy. The situation requires a judicious mix of measures.

Bahamas Ministry of Finance Statement on the Ratings Outlook Revision

Nassau, Bahamas - Sept. 25, 2012 - The outlook revision by Standards and Poor’s (S&P) from stable to negative while unfortunate is not unexpected.

Cayman Islands: UK asks for overdraft cut

Aug. 28, 2012 - Although the UK has allowed the Cayman Islands government to temporarily more than double the $27 million overdraft it had appropriated under the two month stop-gap budget in June to a whopping CI$66 million, the director of the Foreign and Commonwealth Office has said it must be dramatically cut within less than six months.

Guyana: Investment setback from Linden protest creating worry

Aug. 14, 2012 - Escalating protest actions in Linden over the progressive adjustment to the electricity tariff and altercations with security forces have botched major incumbent and impending foreign investments in the bauxite town causing worry about the prolonged setbacks.

Dominica: Budget Review 2011 - 2012

Roseau - July 25, 2012 - The 2011/12 budget was presented in July 2011 amidst great uncertainty in the global economy. Throughout the year, the global challenges persisted even as there appeared to be some evidence of easing in some jurisdictions.

Review of Barbados' Economic Performance for First Six Months of 2012

Bridgetown - July 10, 2012 - Barbados’ foreign exchange reserves at the end of June stood at $1,357 million, a decline of $63 million since December 2011. This level of reserves is no lower than the amount recorded at the end of 2008, the year the industrial economies fell into the worst recession in recorded memory .

Trade Imbalance Between Barbados And T & T To Be Examined

Bridgetown - July 4, 2012 - Barbados intends to address the current trade imbalance that exists with Trinidad and Tobago.

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