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...
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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...
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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 &...
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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...
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SG Barnett meets Saint Lucia Cabinet on First Day of Official Visit

Secretary-General of the Caribbean Community (CARICOM) Her Excellence Carla Barnett stressed the importance of climate change and agriculture to the Region as she began a three-day official visit to Saint Lucia. Dr Barnett met with the Prime Minister of Saint Lucia the Honourable Philip Pierre wh...
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Jamaica begins its transition from SWIFT system: CARICOM BUSINESS

The Bank of Jamaica has given financial institutions 4 years to adapt as it co-ordinates Jamaica’s migration from the Swift Message Type (MT) standard to the ISO 20022 – ‘Universal Financial Industry Message Scheme’ format by end 2025. This in a bid to enhance end-to-end efficiency for payments. ...
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