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Caribbean News

Outlook for the Barbados economy in 2023

By Central Bank of BarbadosBRIDGETOWN, Barbados – The global economy is expected to slow in 2023, but the Barbados economy is forecast to continue on its growth trajectory this year, expanding in the range of 4 to 5 percent. The bank anticipates that the resurgence of the tourism sector will not be

IDB study provides recommendations for countries to reduce debt, boost growth

Strengthening fiscal institutions is key to manage debt and transition to prudent debt levelsCorporate debt and risk seen as a drag on growth and investmentLATIN AMERICA, CARIBBEAN – Countries in Latin America and the Caribbean should prioritize bringing down debt to prudent levels to boost economic

Democracy in ‘The Americas’ in decline: Haiti and Peru biggest worry

By Sir Ronald SandersAll the countries of ‘the Americas.’ i.e., those in North, Central and South America and the Caribbean are experiencing political, social and economic trials to some extent.In large part, these trials, in most countries, are the result of several factors, including persistent hi

Jamaica 2022/23 budget to increase by $24.5B

By Latonya LintonKINGSTON, Jamaica, (JIS) – The government’s budgeted expenditure for fiscal year 2022/23 is being increased by approximately $24.5 billion; this will push the central government budget to $998.2 billion, minister of finance and the public service, Dr Nigel Clarke, announced.The deta

America’s hidden tool is hobbling Russia’s war machine with multilateral impact

By Deputy Secretary Don Graves[Today,] the US Department of Commerce is continuing to take action against Russia and those who enable Russia’s war in Ukraine. We added trade restrictions to seven Iranian entities involved in Iran’s drone program for supporting Russia’s war efforts and trying to use

Guyana: Massive development plans for LBI housing scheme

Some 450 persons were allocated residential lots in the LBI housing schemeInfrastructural works are being prepared for close to 600 of these homesLBI is being developed to attract private investmentThe level of development will be duplicated in all regions across the countryFirst 100 young professio

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