BRIDGETOWN, Barbados – Stronger trade systems, increased capacity of national institutions and a region better equipped to act on its priorities are just a few of the gains from an €8.7 million Caribbean Development Bank (CDB / the Bank) managed investment programme funded by the European Union acro
GEORGETOWN, Guyana, (DPI) – President Dr Irfaan Ali said that the world must adopt a balanced approach to global energy need and highlighted critical realities for the energy sector, including a widening energy gap and the scale and distribution of investment required to address it.During his featur
WASHINGTON, USA — Amid recent public health challenges, including outbreaks of yellow fever, measles, COVID-19, and dengue, the Pan American Health Organization (PAHO/WHO) welcomed a delegation from the São Paulo State Health Secretariat, Brazil, to its headquarters to strengthen cooperation on heal
By Matt CunninghamBARCELONA, Spain – The world’s eighth-biggest producer of oil, the UAE, left the OPEC cartel on 1 May, and our panel of economists are already re-examining their forecasts in light of the decision.The UAE has chafed for a long time against the fact that its OPEC production quotas h
WASHINGTON, USA – US Department of State reaffirmed its commitment to increasing preparedness and leading the Western Hemisphere in response to hurricanes and other natural disasters. Building on the United States’ rapid response to hurricane Melissa in 2025, the Department will engage in greater co
WASHINGTON, USA – US Coast Guard is standing up the Special Missions Command to oversee its deployable specialised forces. The command will enhance the operational effectiveness of the Coast Guard in responding to a wide range of national emergencies and events as the demand for deployable speciali
PORT OF SPAIN, Trinidad – The landscape of Caribbean digital integration expanded significantly yesterday as French Guiana was officially welcomed as an associate member of the Caribbean Telecommunications Union (CTU).The historic signing ceremony took place on 5 May 2026 at the CTU Secretariat in S
USA / PANAMA — IDB Invest approved a financing package of up to USD 58 million for Corporación Favorita C.A. to strengthen the supply chains of its operations in Panama.The project will finance the expansion of the distribution center of Rey Holding Corp. This investment will benefit the retail sect
By Ron PaulOne of the industries hardest hit by the spike in fuel prices caused by the Iran War is airlines. Jet fuel prices have doubled since the start of the war. Airlines have reacted to the fuel price increase by raising fares and baggage fees, as well as by cutting routes.Raising prices is not
Tax revenues rose in more than half of the countries in Latin America and the Caribbean (LAC) in 2024, with the largest gains occurring in those that implemented major tax reforms, according to a new report. SANTIAGO, Chile – Revenue Statistics in Latin America and the Caribbean 2026, released May 5
By BGISBRIDGETOWN, Barbados – A mission from the International Monetary Fund (IMF) is in Barbados this week to meet with government to undertake the Fund’s regular Article IV consultations and to discuss a new relationship with Barbados, following its exit from an official IMF programme last year.Th
WASHINGTON, USA – Nokia Federal Solutions, the US government-focused arm of Nokia (NYSE: NOK), and Lockheed Martin (NYSE: LMT) today announced the launch of a new modular, open‑architecture 5G solution built for the US and allied defense forces. The capability is designed to deliver secure, resilien
MIAMI / HAITI – A US Coast Guard law enforcement detachment deployed on the USS Billings stopped a suspected drug smuggling vessel, last Thursday, approximately 8 miles off Mole Saint-Nicolas, Haiti.With the permission of the Haitian government, the boarding team’s investigation resulted in approxi
BRIDGETOWN, Barbados – The Caribbean Development Bank (CDB, the Bank) has advanced Grenada’s geothermal energy programme into a decisive new phase, launching an expanded drilling campaign at Mount St Catherine, in the north of the island, to determine the viability of commercial power generation.“Ge
