April 16, 2021

Trade war escalation will hit China harder than the US, IMF says

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By John Carter From South China Morning Post A further escalation of the trade war between the US and China would take a major toll on economic growth in both countries next year, with China the bigger casualty, according to an economic analysis released by the International Monetary Fund on Tuesday. The world economy would […]

Statement by IMF Managing Director Christine Lagarde on Barbados

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From IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund, made following statement today: “As announced by Prime Minister Mottley earlier today, the Barbados economy has been going through significant challenges for some years. The authorities are developing an economic reform plan designed to address these challenges, and they have asked the international […]

What makes Caribbean citizenship by investment secure?

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By Sam Hill From WIC News We live in a world where the free-flow of people, goods, and information is at an all-time high. People are travelling more, businesses stretch across continents, and communication occurs freely and easily. While this generally means more opportunities for growth and expansion in countries and business, there is a […]

The waning power of the petrodollar

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By Jamie McGeever From Reuters UK LONDON (Reuters) – When the Federal Reserve begins reducing its holdings of U.S. Treasuries as expected later this year, some of the most consistent buyers of U.S. bonds over the last 15 years may be less than willing to fill the breach. Before the financial crisis, the flow of […]

The British pound is on fire — here’s what’s happening in FX

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By Elena Holodny From Business Insider Good afternoon! The British pound is stronger by 1.0% at 1.4622 against the dollar at 12:03 p.m. ET. This follows a new poll conducted by the ORB for the Daily Telegraph, which suggests that “Remain” is building a big lead in the Brexit vote. 55% of respondents said they […]

‘Business as usual’ approach In Caribbean will see debt soar – Commonwealth Report

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From St Maarten Island Time NASSAU, Bahamas – On its current development path, the Caribbean in 2050 will face unmanageable debt, poor growth, and greater socio-economic problems, warns a Commonwealth report launched today at the Fourth Global Biennial Conference on Small States in Seychelles. The report, Achieving a Resilient Future for Small States: Caribbean 2050, […]

airbnb and Caribbean Tourism – EQUALISER, DESTABILIZER or PARTNER?

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From The Voice BEYOND the impact of the Zika virus, the opening of Cuba to U.S. travellers and the warnings of an economic slowdown by the International Monetary Fund and others, the Caribbean faces in Airbnb, a phenomena that poses a challenge to the status quo. One need not look too far to see how […]

Demise of the Dollar?

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From Mitch Zacks Investment Management I’ve received several questions from clients over the last few days regarding China’s currency, the yuan. Almost all of them were some variation of these three: with its acceptance into the International Monetary Fund’s [IMF] ‘Special Drawing Rights’ basket, is the yuan a threat to the dollar’s status as the […]

CDB president reveals inherent risk to economic turnaround in the Caribbean

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By Marie Claire Williams From Caribbean360 MONTEGO BAY, Jamaica, Friday October 24, 2014, CMC – President of the Barbados-based Caribbean Development Bank (CDB), Dr. Warren Smith, has warned that high debt poses an inherent risk to the success of structural adjustment programmes being undertaken by some regional countries in their bid to turn around their […]

Canada announces $15 million in assistance to Caribbean

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By Lincoln Depradine From PRIDE TORONTO, Ontario – Canada is providing $15 million in funding “to enhance public financial management in the Caribbean’’, federal finance minister Joe Oliver has announced. Jamaica is receiving five million of the $15 million that will be disbursed over four years, and also will be used to “provide technical assistance […]