SANTIAGO, Chile – The International Monetary Fund (IMF) says Antigua and Barbuda should increase its tax earning, which at 16 per cent of revenue, is just one percentage point below what the IMF says is needed to support the country’s developmental needs.

SANTIAGO, CHILE - The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has expressed concerns that low income countries are falling further behind in a more fragmented world with less trade, and less fluidity of the flow of capital.

KINGSTON, Jamaica –  Tourism Minister Edmund Bartlett says approximately  1,500 new jobs are to come on stream in the tourism industry with the opening of two new hotels in Western Jamaica.

BRIDGETOWN, Barbados – Governor of the Central Bank of Barbados (CBB), Dr. Kevin Greenidge Tuesday said the local economy is projected to remain on its growth trajectory throughout 2024, hinged on the continued expansion of tourism as well as private and public investments.

GEORGETOWN, Guyana – Despite recording a 37 per cent reduction in the number of workplace fatalities over the past three years, Guyana has so far this year recorded  more deaths than the previous three year period.

PARAMARIBO, Suriname –  The government of Suriname has signed loan agreements amounting  to US$ 10 million with the Caribbean Development Fund (CDF) that will go towards electrification projects .

ST. JOHN’S, Antigua – Prime Minister Gaston Browne says his administration is prepared to negotiate directly with the former employees of the regional airline, LIAT (1974) Limited that went bankrupt earlier this year.

BRIDGETOWN, Barbados – President of the Barbados-based Caribbean Development Bank (CDB), Dr. Hyginus ‘Gene’ Leon, has resigned with “immediate effect” from the regional financial institution.

KINGSTOWN, St. Vincent – St. Vincent and the Grenadines Prime Minister Dr. Ralph Gonsalves has written to the World Bank  opposing a move to increase its interest rate and shorten repayment period for loans to countries.

BRIDGETOWN, Barbados – The Barbados-based Caribbean Development Bank (CDB) Tuesday remained mum on the resignation of its president, Dr. Hyginus ‘Gene’ Leon, who has also threatened to file a lawsuit against the region’s premier financial institution.

WASHINGTON, DC – The International Monetary Fund (IMF) says Latin America and the Caribbean (LAC) region has showed “quite a bit of resilience” and that the rebound from the coronavirus (COVID-19) pandemic has been stronger than previously expected.

WASHINGTON, DC – The Inter-American Development Bank (IDB) Group has  launched FINLAC,  a new initiative to promote financial inclusion by ensuring that the most vulnerable people in Latin America and the Caribbean (LAC) can access the financial services they need.