Village Savings and Loan Associations (AVÈK) groups allow members to save and loan each other funds for income-generating ventures by Juhakenson Blaise Mar. 23, 2026 Overview:In Port-au-Prince, AVÈK community savings groups help members access small loans to fund businesses and income-generating activities, providing an alternative to banks for vulnerable populations. The model has supported financial inclusion … Continue reading Some turn to small savings groups for business credit as alternative to Haiti’s banks
Category: Banking
Afreximbank President, Dr George Elombi addresses the 50th Regular Meeting of the Conference of Heads of Government of the CARICOM in Basseterre, St. Kitts and Nevis Basseterre, St. Kitts and Nevis, 02 March 2026: Pan African Multilateral Bank, African Export-Import Bank (Afreximbank), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing … Continue reading Afreximbank Raises Caricom Financing Cap to $5 Billion to Accelerate Regional Transformation
The heads of various Caribbean central banks have agreed to advance the CARICOM Payment and Settlement System beyond its proof-of-concept stage during the 65th Bi-Annual Meeting of CARICOM Central Bank Governors held November 13-14 in Willemstad, Curaçao. By Robert Andre Emmanuel robert.emmanuel@antiguaobserver.com Caribbean Central Bank governors have agreed to advance the CARICOM Payment and Settlement … Continue reading Governors of Caribbean Central banks approve plan to pilot instant payment system
Published on Nov 19, 2025 The Caribbean Development Bank (CDB, the Bank) unveiled its new Trade Finance Guarantee Programme (TFGP) to regional banking leaders, marking a significant step toward enhancing access to trade finance for Caribbean enterprises, particularly Micro, Small, and Medium-sized Enterprises (MSMEs). Speaking at the Caribbean Association of Banks Annual Conference, held at the Hyatt Regency in … Continue reading CDB Engages Caribbean Bankers on Upcoming Trade Guarantee Programme
Times Staff 11 Aug 2025: Jamaica-Gleaner Caribbean central banks testing payment system to reduce reliance on US banks Four Caribbean central banks are launching a pilot project to develop an alternative payment system, aiming to reduce reliance on the US dollar for trade and remittances. Spearheaded by the Eastern Caribbean Central Bank (ECCB), the initiative … Continue reading Caricom payment system aims to reduce US dollar reliance
Governor of the Central Bank of Barbados, Dr Kevin Greenidge by Joel Julien THE Central Banks of Barbados and the Bahamas have successfully processed a cross-border payment using their respective currencies without the need for an intermediary currency. Speaking to Express Business, key stakeholders hailed this as a significant breakthrough, emphasising its potential to help … Continue reading CAPSS: A game changer for Caricom trade
U.S. president-elect Donald Trump has pledged to boost oil drilling and is not expected to support any international proposals to move finance away from fossil fuels. (Alex Brandon/The Associated Press) The first is a Canada-led proposal to end international fossil fuel financing dies with incoming Trump administration. A deal would have phased out certain fossil fuel … Continue reading Two climate initiatives bite the dust in wake of Trump’s return
Dr. Armstrong Alexis, Deputy Secretary-General, CARICOM, on Thursday 24 October delivered the keynote address at the 2024 Annual General Meeting and Conference of the Caribbean Association of Banks Inc. which is observing its 50th anniversary under the theme ‘50 Years Strong: Celebrating our Journey, Building Resilience, Securing Tomorrow‘. The event, from 22 – 26 October, … Continue reading Keynote Address by Dr. Armstrong Alexis, Deputy Secretary-General, CARICOM | Caribbean Association of Banks Inc. Annual General Meeting and Conference
Governor of the Central Bank Dr Kevin Greenidge (left) makes a point at a panel discussion on day one of the 31st Afreximbank Annual Meetings and third edition of the AfriCaribbean Trade and Investment Forum at the Baha Mar Convention Centre, in Nassau, Bahamas. At right is Denys Denya, senior vice president at Afreximbank, one … Continue reading CARICOM pilot of shared currency system ‘soon’
Achieving the United Nations Sustainable Development Goals, including those relating to the climate crisis, will be vital for both Canada and the Caribbean. Policymakers should repurpose public banks to work together globally and nationally so climate finance can be policy-driven and public rather than profit-driven and private, McMaster researcher Thomas Marois says. BY CHRIS PICKLES, … Continue reading Could public bank collaboration be the key to combating the climate crisis? McMaster University expert Thomas Marois explains