Chinese Capital Markets: A $98 Trillion Opportunity
By: Ashley Kindergan From The Financialist When it comes to the size of their capital markets, emerging countries have long punched below their economic weight. While they make up 39 percent of global GDP, their share of global equity market…
Further erosion of foreign reserves puts Barbados dollar in danger – Moody’s
From Caribbean360 BRIDGETOWN, Barbados, July 23, 2014, CMC – With Barbados’ foreign reserves standing below the 2013 level, International credit rating agency, Moody’s has warned that strain could be put on the dollar. “Any further erosion in reserves would likely…
Trinidad and Tobago vulnerable to energy price decline – IMF
From Caribbean360 WASHINGTON D.C., United States, CMC – The International Monetary Fund (IMF) Wednesday warned that Trinidad and Tobago remains vulnerable to a decline in energy prices, and called for structural reforms to diversify the economy and improve its growth…
Let’s have a Marshall Plan for clean energy in the Caribbean
By Richard Schiffman From Earth Island Journal The vulnerable islands are a perfect laboratory to test out renewable energy solutions to our climate crisis In June, Lefties Food Stall, a pint sized eatery serving Barbados’s signature flying-fish sandwiches, became the…
Six charts that show how stingy America is toward its own families
By Matt Phillips From Quartz Just in time Father’s Day, the rich-country think tank known as the OECD has issued its annual survey of the US economy. The Paris-based organization specializes in churning out reports that standardize data across national…
Barbados downgraded three notches by Moody’s to B3 with negative outlook
By Keith Collister From Caribbean360 KINGSTON, Jamaica, Wednesday June 4, 2014 – Yesterday, the world’s second largest global credit rating agency, Moody’s, downgraded Barbados three rating notches to B3 from Ba3. Moody’s attaches numerical modifiers to each generic rating classification,…
2014/2015 Budget Address Presented By: Honourable Marco Archer Minister For Finance And Economic Development
26 MAY 2014 INTRODUCTION Mr. Speaker, it is my pleasure to rise today to speak to The Appropriation (July 2014 to June 2015) Bill, 2014. Last October when I presented the Government’s Budget for the current 2013/14 financial year I…
Caribbean and Central American countries teaming up for seismic and climate catastrophe risk coverage
From World Bank Since its creation seven years ago, CCRIF has made eight payouts amounting to US$32 million to help countries manage budget volatility in the aftermath of recent natural hazards. Nine countries in Central America and the Caribbean experienced…
U.K. Economy size may be revised upward on EU Statistics changes
By Jennifer Ryan and Scott Hamilton From Bloomberg The size of the U.K. economy may be revised upward as officials change the way they calculate output to reflect new European Union standards. The changes may add 2.5 percent to 5…
Bahamas hosts third Caribbean conference on international financial services
NASSAU, Bahamas — The Caribbean Export Development Agency (Caribbean Export), in partnership with the government of The Bahamas on Monday commenced a three-day high profile summit: The Third Caribbean Conference on the International Financial Services Sector in the Caribbean region…
