Barbados records growth of 11.8% in first quarter: CARICOM BUSINESS

For the period January to March 2022, Barbados experienced inflation of 4.2%, unemployment declined from 12.4% to 10.9% and net international reserves reaching US$3.019 B or 36.4 weeks of import cover. According to the Central Bank of Barbados in its quarterly review, the economy grew by 11.8% du...
Read More

CARICOM Leaders meet US Vice President Harris

Heads of Government of the Caribbean Community (CARICOM), the Dominican Republic and the CARICOM Secretary-General met virtually on Friday with United States Vice President Kamala Harris to discuss support for post Covid-19 economic recovery, the climate crisis, energy security and security co-opera...
Read More

Belizean elected new President of Regional Administrative Tribunal

Judge Lisa M Shoman of Belize has been elected by her peers to the Presidency of the Caribbean Community Administrative Tribunal (CCAT) from 20th April 2022 for two years, as the second President of the Tribunal. Judge Shoman SC was preceded by, Sir Patterson Cheltenham, Chief Justice of Barbados wh...
Read More

Shipping costs trending downwards: CARICOM BUSINESS

Global shipping costs are starting to trend downwards, nonetheless prices remain elevated considerably above pre-pandemic levels. Indeed, there is an approximate 50% reduction being experienced by Caribbean importers. According to Richard Pandohie, former President of the Jamaica Manufacturers &...
Read More

CARICOM SG wraps up official visit to Saint Lucia

Secretary-General of the Caribbean Community, Her Excellency Carla Barnett ended her official visit to Saint Lucia on Wednesday during which she met with the Prime Minister Honourable Philip Pierre, members of Cabinet, the Leader of the Opposition, Honourable Allen Chastanet, the CARICOM Youth Ambas...
Read More