December 7, 2023

Better migration policies can help boost prosperity in all countries

From World Bank Competition for workers rising as populations age in rich and middle-income countries WASHINGTON, April 25, 2023—Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to realize their long-term growth potential, according to a new report from the World Bank. The World Development Report 2023: […]

Economic crisis pushes many workers into the informal Labor Market in Latin America and the Caribbean

WASHINGTON, June 17, 2021 – Economic crises like the one that Latin America and the Caribbean is suffering now, have long-lasting effects on the structure of employment and may permanently drive many from the formal economy, according to a new World Bank report.   The Covid-19 pandemic is having the biggest impact on low-skilled workers and exacerbating […]

Caribbean Angel Investor Ecosystem raises private capital and launches Regional Business Angel Network

Barbados, December 13, 2018 ― “Driving Growth Through Private Investment,” was the focus of the Caribbean Export Development Agency’s (Caribbean Export) hosting of the 2nd Caribbean Angel Investor Forum at the Hyatt Regency, Port of Spain, Trinidad and Tobago. The Forum which was held November 29-30, gathered a distinguished group of prominent policy makers, entrepreneurs, […]

World Bank says Caribbean could still benefit from Human Capital Index Report

From St. Lucia Online (CMC) – The World Bank Saturday said that the new World Bank Human Capital Index released earlier this week gives policymakers in the Caribbean and around the world compelling evidence that delivering better outcomes in children’s health and learning can significantly boost the incomes of people and of countries with returns […]

IFC invests $5 billion in fiscal year 2018 to spur development in Latin America and the Caribbean

Washington DC, September 18, 2018—IFC, a member of the World Bank Group, bolstered its operations in Latin America and the Caribbean with investment commitments that reached $5 billion to help drive the region’s sustainable economic growth, promote innovation and build new infrastructure. IFC invested about $2.5 billion from its account and mobilized another $2.5 billion […]

Caribbean aims to become World’s First Climate-Smart Zone

From The World Bank 26 countries and 40+ private sector partners create coalition to fast track climate action across the Caribbean •        Prime Minister of Jamaica, The Most Honourable Andrew Holness, President of the InterAmerican Development Bank (IDB), Luis Alberto Moreno, Virgin Group Founder Sir Richard Branson and World Bank Vice President for Latin America […]

IFC appoints Gabriel Goldschmidt as Director for Latin America and the Caribbean

Washington, DC, May 2, 2018 — IFC, a member of the World Bank Group, today announced the appointment of Gabriel Goldschmidt as Director for Latin America and the Caribbean. Goldschmidt will oversee IFC’s operations in the region, with a focus on strategic priorities like promoting innovation through technology, tackling climate change, developing capital markets, and […]

IFC launches a DigiLab for Latin America to drive digital transformation for financial institutions

Bogota, Colombia, March 21, 2018—IFC, a member of the World Bank Group, announced the launch of IFC DigiLab for Latin America and the Caribbean. The goal of the Lab is to help drive the digital transformation across the region by helping businesses respond to new digital trends in the market, while leveraging the latest technologies […]

The time is now for gender equality in the Caribbean

By MD Staff From Modern Diplomacy Building a strong and resilient Caribbean demands the equal involvement of women and men. The Caribbean has made significant progress in gender equality in recent years, particularly in women’s education and their participation in the labor force. But more remains to be done to push the frontier to equal […]

FINDRPRO – A new app for the Bahamas receives LINK-Caribbean investment

BRIDGETOWN, Barbados, March 02, 2018 — A new mobile application called Findrpro has received $5,000 USD investment via the LINK-Caribbean programme’s 5-5-5 pitch competition. In the recently held Bahamas edition of the competition, sister co-founders Yamel Marshall, and Janay Pyfrom-Symonette presented their new mobile app that promises to provide a digital on-demand platform to connect […]