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 &...

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...

The Caribbean Culture Sector has received significant funding from the European Union with support from the Organisation of African, Caribbean and Pacific States, under the ACP-EU 11th EDF Culture Programme as creatives seek to recover from the adverse effects of the COVID-19 pandemic. The Virtual L...

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...

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. ...

Approximately 15,000 educators from the Caribbean Community (CARICOM) are set to benefit from professional development training specially designed for them to assist students in overcoming the learning losses occasioned by the COVID-19 pandemic. The training is part of the Learning Recovery and E...

The Jamaican economy grew by 6.7% during the 4th quarter of 2021 when compared to the fourth quarter of 2020. This was due to increases in both the Services Industries and the Goods Producing Industries of 9.0% and 0.5% respectively. Within the Goods Producing Industries, there were higher output...

On April 1st, 2022, the Honourable Mélanie Joly, Canadian Minister of Foreign Affairs, and the Honourable Eamon Courtenay, Minister of Foreign Affairs, Foreign Trade and Immigration for Belize, and Chair of the Caribbean Community Council for Foreign and Community Relations (COFCOR) co-chaired ...

The CARICOM Secretariat and the Caribbean Community Climate Change Centre (CCCCC) join with the Government of Barbados, the CARCIOM negotiators and the broader Alliance of Small Island States (AOSIS) grouping in expressing its shock and sadness at the sudden passing of Dr. Hugh Sealy.  Dr Sealy...

The IMF Executive Board has completed the first review of the extended arrangement under the Extended Fund Facility (EFF) for Suriname, allowing for an immediate disbursement equivalent to SDR 39.4 million (about US$55 million). According to the Fund, Suriname’s “homegrown economic recovery progr...