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By Claudius J. Francis The following is part of a series from the feature address delivered by Claudius J. Francis on Sunday, July 28, 2019, at the 31st annual general meeting of the Castries East Constituency, represented in the parliament of Saint Lucia by Leader of the Saint Lucia Labour Party (SLP), Philip Joseph Pierre. […]
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By Alejandro Werner WASHINGTON, USA — Economic activity in Latin America and the Caribbean remains sluggish. Real GDP is expected to grow by 0.6 percent in 2019, the slowest rate since 2016, before rising to 2.3 percent in 2020. The weak momentum reflects negative surprises in the first half of 2019, elevated domestic policy uncertainty in […]
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(REUTERS) — President Donald Trump yesterday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas. “We’re going to work on a free trade agreement with Brazil,” Trump told reporters at the White House, ...

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BASSETERRE, St Kitts — The Eastern Caribbean Central Bank (ECCB) launched the Eastern Caribbean Currency Union (ECCU) Public Debt and Market Information Web Portal during a regional media conference held July 23, at the ECCB Headquarters, Basseterre, St Kitts and Nevis. This initiative, an important deliverable in the ECCB Strategic Plan 2017-2021, marked another milestone […]
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(REUTERS) — Communist-run Cuba yesterday imposed sweeping price controls on all state and private businesses as it battles a deepening economic crisis and mounting U.S. sanctions. Resolutions published in the official gazette banned all retail and wholesale price increases except for products imported and distributed by the state where already-set profit margins cannot be increased. ...

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By Chester Robards  NASSAU, Bahamas — The rate of loan repayments delinquency in The Bahamas despite a recent downward trend is still beyond “terrifying” from an international perspective, Governor of the Central Bank of The Bahamas (CBOB) John Rolle said Friday.  Rolle explained that the country’s nine percent delinquency rate is not “complimentary” and that […]
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By Douglas McIntosh  KINGSTON, Jamaica, (JIS) – Bank of Jamaica (BOJ) Governor, Brian Wynter, says the signing of the Bank for International Settlements (BIS) Foreign Exchange Global Code by key financial market stakeholders, (July 29), represents a timely and important step in advancing the country’s economic development. “This historic signing reflects our aim for Jamaica […]
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(JAMAICA OBSERVER) — The 57th anniversary of Jamaica’s independence is in the spotlight with Jamaicans and friends of Jamaica celebrating across the United States the island’s milestone of gaining independence from Britain on August 6, 1962. For the Jamaicans residing in Washington DC, Maryland, and Virginia, several Jamaica Independence events will be held, endorsed by ...

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