Link-Caribbean Awards US$125,000 to five Caribbean firms
From Caribbean 360 BRIDGETOWN, Barbados, Monday February 6, 2017 – Five Caribbean businesses are at a stage closer to securing private investment having each received US$25,000 through the LINK-Caribbean Investment Readiness Grant programme. The five firms are Carepoint and Caribbean…
World Bank arbitration mechanism ICSID rules in favour of El Salvador
From Brettonwoods Project SUMMARY ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit. In October 2016, the International Centre for Settlement…
St. Lucia making slow, steady progress towards renewable energy
By Desmond Brown – Executive Editor From Caribbean News ABU DHABI, United Arab Emirate, Jan 15 2017 – St. Lucia is making slow, but steady progress in its renewable energy transition plan, Minister for Infrastructure, Ports, Energy and Labour, Stepehenson…
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Caribbean prepares to pilot COAST insurance to protect fisheries sector
Belize City, Belize, Monday, 9 January 2017 (CRFM)—The Caribbean Regional Fisheries Mechanism (CRFM) is hosting a working group meeting at the Ramada Belize City Princess Hotel from 9 – 10 January 2017, to advance the implementation of a risk insurance…
Cayman Islands Financial Services Minister speaks with US officials about bank de-risking
With the US presidential election now decided, Financial Services Minister Wayne Panton and representatives from the Ministry of Financial Services and the Cayman Islands Monetary Authority continue to engage key US lawmakers, regulators and stakeholders about bank de-risking from the…
The Editor Speaks: Bank on Sir Ron to spell it out
Yesterday (Tue Nov 1) we published a commentary by a man I have the highest of respect for, Sir Ronald Sanders. It is titled “Banking: Is the US making a stick to beat its own back?” He comments with a…
Five Eastern Caribbean Nations receiving the most remittance this year
By NAN Business Editor From NAN News Americas, NEW YORK, NY, Mon. Oct. 31, 2016: Remittance flows or money transfers from migrants overseas continues to be a big part of foreign capital inflow into the Caribbean. Five countries in the…
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OceanaGold’s Pac Rim subsidiary chided by World Bank
Article – BusinessDesk From Business.Scoop. Oct. 17 (BusinessDesk) – OceanaGold’s Pac Rim Cayman subsidiary has been ordered to pay US$8 million to El Salvador to cover the country’s legal fees and costs in a long-running arbitration after the mining company…
World Bank favours El Salvador in $250m mining dispute
From enca WASHINGTON – A World Bank arbitration panel on Friday found in favour of El Salvador in a $250 million(about R 3.5 billion) dispute brought by a mining company over a gold concession. The panel at the International Center…
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Derisking threatens Caribbean banking sector and trade
By Allan Wright From The Huffington Post Allan Wright is country economist for The Bahamas at the Inter-American Development Bank, and an associate researcher for the Caribbean Centre for Money and Finance. He formerly was a senior economist for the…
