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Economics

Dominican Free Zones achieve record exports

The Dominican Association of Free Zones (Adozona) announced on Monday that exports from free zones reached US$814.67 million in May 2024, marking a 5.7%...

Caribbean economies predicted to grow significantly this year

The World Bank on Tuesday predicted that economic growth in the Caribbean is expected to strengthen to 7.1 per cent this year, with robust...

Jamaica | Development Bank of Jamaica (DBJ) Invests in Jamaica’s First Venture Capital Fund in Over 30 Years

The Development Bank of Jamaica (DBJ) is pleased to announce its investment in Jamaica’s first Venture Capital Fund in over 30 years. This Fund will...

Bahamas | Government presents tax free budget to Parliament

The Bahamas government has unveiled a tax-free budget of US$3.54 billion to Parliament with Prime Minister Phillip Davis saying that many elements of this...

Jamaica | DBJ Intensifying Efforts to Support Divestment of and Private Investment in State Assets

The Development Bank of Jamaica Limited (DBJ) plans to intensify efforts to provide support for the divestment of government-owned assets during fiscal year 2024/25,...

Prime Minister Mottley: Barbados Is Open For Business

Prime Minister Mia Amor Mottley speaking to the media at Ilaro Court on Friday. (Prime Minister’s Office) Prime Minister Mia Amor Mottley is insisting that...

Jamaica | Shared Services Pilot a Success – Dr. Clarke

The Ministry of Finance and the Public Service is reporting that the shared corporate services pilot project, which is being implemented at several ministries...

St Vincent & the Grenadines to get money from Saudi Fund

The Saudi Fund for Development (SFD) is providing St. Vincent and the Grenadines with an EC$135 million loan for a number of projects in...

Digitalisation of banking creates new risks, says global watchdog

The digitalisation and entry of Big Tech into finance create new vulnerabilities and amplify existing risks in the banking system that may need new...

Jamaica | Finance Minister Says Inflation Target Will Remain at Four to Six Per Cent

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has informed that the current inflation target for the Bank of Jamaica...

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