Jamaica’s net remittance flows totalled $220.9 million as at November 2020 reflecting an increase of 25.7% or US$45.2 million over November 2019. This increase resulted from a rise in gross remittance inflows of 18.7% or US$37.5 million aided by a decrease of 32% or US$7.7 million in outflows. Ba...

The Caribbean Community (CARICOM) has congratulated Grenada on its Forty-Seventh Anniversary of Independence, praising its great example of resilience. [caption id="attachment_26839" align="alignleft" width="205"] Grenada's Prime Minister Dr Keith Mitchell[/caption] CARICOM Secretary-General Ambas...

This week’s CARICOM BUSINESS Newsletter features some of the economic fall out as the Region continues to grapple with the COVID-19 pandemic. This edition touches on developments in Barbados, Jamaica, the Bahamas and St. Vincent and the Grenadines,  as well as the European Union’s continuing...

The Caribbean Community (CARICOM) expresses grave concern at the escalation of tensions between Guyana and Venezuela caused by the interception and detention in Guyana’s Exclusive Economic Zone of two Guyanese fishing vessels by a Venezuelan naval vessel on January 21, 2021. Recalling its stateme...

Nearly a year after the first recorded case of COVID-19 in the Caribbean, CARICOM is launching the third round of the Caribbean COVID-19 Food Security and Livelihoods Survey. Following the July 2020 survey, which found an increasing number of households affected by income loss, along with a worsenin...

The Board of Governors of the CDB has elected Hyginus “Gene” Leon to serve as the next President of the multilateral institution. Leon’s appointment will become effective on May 1, 2021. He will succeed W. Warren Smith. Leon has over 30 years of experience in economic development and has directed...

Finance Minister Dr Nigel Clarke, says Jamaica’s private securities market grew by approximately 100% between 2017 and 2020, with the value of bond issuance transactions doubling from some $200 million to $400 million. This metric was noted within the context that the banking sector recorded loan...

ST. JOHN’S, Antigua and Barbuda – 19th January, 2021……….The Prime Minister of Antigua and Barbuda, the Hon. Gaston Browne, the Vice-Chancellor of The University of the West Indies, Professor Sir Hilary Beckles and the Chair of the Association of Commonwealth Universities, Professor Sir Ed Byrne have...

The Caribbean Community (CARICOM) Secretariat and the Independent Evaluation Group (IEG) of the World Bank Group have agreed to work together towards advancing the Caribbean Community’s Results-based Management (RBM) System. The new partnership aims to contribute to the promotion of a results-orient...

The Caribbean Community Implementation Agency for Crime and Security (CARICOM IMPACS) and the Small Arms Survey (SAS) signed a Memorandum of Understanding (MoU) to formalize existing cooperation. The Agreement will support efforts to improve the capacity of CARICOM States to prevent the illicit circ...