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Remarks by CARICOM Secretary-General at Opening, First AfriCaribbean Trade and Investment Forum, Barbados, 1 September 2022

The First CARICOM-Africa Summit held on 7 September 2021, opened a new chapter in the deep-rooted and strong relations between CARICOM and Africa.  It set in motion various initiatives to further deepen and strengthen relations between the African continent and the Community.  In particular, the Leaders underscored the need to foster increased trade, investment, air travel, and maritime shipping links, with a view to realising greater economic integration and enhanced people-to-people contact between Africa and the Caribbean.

Barbados Gov’t caps fuel prices - CARICOM Business

Effective August 19, consumers in Barbados will be paying less for gasoline and diesel as Prime Minister Mia Mottley announced that the price of fuel at the pump will be capped for the next five months.

Gasoline will cost BDS$4.48 (US$2.24) per litre, while diesel will be BDS$4.03 (US$2.01) until January 31, 2023. Mottley also said that the cap on the Value Added Tax (VAT) on gasoline and diesel, which was put in place five months ago, would be kept in place.

25% by 2025 Reduction in the Regional Food Bill

Heads of Government of CARICOM have committed to reducing the Region’s large food import bill by 25% by 2025. The implementation of the CARICOM Agri-Food Systems Strategy in the Member States, is expected to help achieve this target, by giving special attention to priority crops and products such as poultry, corn, soya, meat (Goat, Sheep, Beef), rice and niche vegetables which are highly imported products in the region.

TT Central Bank authorises first company to issue e-money - CARICOM Business

The Central Bank of Trinidad and Tobago has issued a provisional registration to PayWise Limited as an electronic money (e-money) issuer. The provisional registration authorises PayWise to issue e-money in Trinidad and Tobago from September 1, 2022, becoming the first entity, apart from banks and non-bank financial institutions, so authorised.

PayWise will also be allowed to enlist new customers. PayWise is registered as a payment service provider since 2019 by CBTT.