Investment funds boost employment and economic growth in the Dominican Republic

The Dominican Association of Investment Fund Administrators (ADOSAFI) has highlighted the significant impact of investment funds on the country’s economy and job market. As of June this year, these funds have created 10,515 direct jobs and 19,569 indirect jobs, totaling over 30,000 employment opportunities. This substantial contribution to job creation demonstrates the crucial role of […]

MIREX and AIREN collaborate to boost Dominican Republic’s economic and cultural development

The Ministry of Foreign Affairs (MIREX) of the Dominican Republic and the Association of Industrialists of the Northern Region (AIREN) have entered into a cooperation agreement aimed at bolstering investments and promoting the country’s overall development. This partnership is a strategic move to utilize the Dominican Republic’s strengths in fostering social, economic, and cultural growth. […]

Antigua Government Backs EC$168 Million Loan to Boost Utilities, Explores Water Privatization

The Antigua government has committed to acting as a guarantor for a substantial EC$168 million loan earmarked for bolstering the Antigua Public Utilities Authority (APUA). This financial infusion is aimed at fortifying APUA’s distribution network and executing vital infrastructure upgrades, including the Fiber to Home initiative, re-piping projects, and sub-sea cable installations. Prime Minister Gaston […]

EU Looks to Boost Investments and Trade in Agricultural Sector in the Region

Building a modern, sustainable, and climate resilient agri-food sector that contributes to economic growth is paramount for the Caribbean region and in that context the CARIFORUM-EU Economic Partnership Agreement (EPA) is pivotal to boosting much-needed investments, two-way trade and achieving sectoral development in the sector.. This was revealed by Mr. David Mogollón, Head of Cooperation […]

CDB Extends USD12.5 million Line of Credit to Government of Belize to Boost MSMEs

The Caribbean Development Bank (CDB) is pleased to support Belize’s Micro Small and Medium-sized Enterprises (MSMEs) with this USD12.5 million investment. The line of credit being provided to the Development Finance Corporation (DFC) will undoubtedly contribute to the financial sustainability of MSMEs and equitable access to production-oriented finance support, enhanced productive capacity and the economic […]

Government of Saint Kitts and Nevis Continues Efforts to Boost Economic Recovery

The Government of Saint Kitts and Nevis is pursuing several efforts to relieve financial pressures on importers and businesses to encourage economic activity throughout the Federation. In response to the persistent financial challenges that businesses confront, the Government has decided to extend the temporary tax rate reductions for businesses, extend the temporary reduction in the […]

St Lucia’s ‘finest’ cocoa gets significant boost to revitalize sector

S aint Lucia’s cocoa beans are among the highest quality, being fine or flavour cocoa, and The Food and Agriculture Organization of the United Nations (FAO) and the Saint Lucia Ministry of Agriculture, Fisheries, Food Security and Rural Development are working diligently together to grow and expand the local cocoa sector. The Programme for Capacity […]

There’s a post-COVID Boom in the Economy

In keeping with the government’s position that the BVI economy is showing strong signs of recovery after the global pandemic, one businessman has signalled that many businesses are experiencing a boom in the post-COVID era. While presenting the 2023 budget last November, Premier Wheatley predicted that economic growth in the BVI would have surpassed three […]


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