Grenada must return to its key fiscal rule by 2027 to safeguard debt sustainability, the International Monetary Fund (IMF) said on Wednesday, after the country temporarily suspended the measure in 2024 to fund recovery from Hurricane Beryl. The IMF, concluding its annual Article IV economic assessment, said the temporary suspension of the primary balance rule … Continue reading Grenada must reapply fiscal discipline by 2027, IMF says after hurricane relief
Category: IMF
Following Hurricane Melissa and at the request of Jamaican Prime Minister Andrew Holness, CAF – Development Bank of Latin America and the Caribbean, the Caribbean Development Bank (CDB), the Inter-American Development Bank (IDB), the International Monetary Fund (IMF), and the World Bank Group (WBG) have jointly assembled a comprehensive package of up to US$6.1 billion over three years to strengthen Jamaica’s recovery and reconstruction … Continue reading Jamaica Secures a Package of US$6.1 Billion Over Three Years in International Support for Recovery and Reconstruction After Hurricane Melissa
Shawn Cumberbatch October 27, 2025 The International Monetary Fund (IMF), which has slightly lowered its 2025 growth forecast for Barbados from three per cent to 2.7 per cent, is advising the island and other Caribbean economies to diversify their import sources geographically “as a strategic way to bolster economic resilience over time”. This advice comes … Continue reading Trade uncertainty threatens economy
U.S. Treasury Secretary Scott Bessent puts it a bit more diplomatically than his boss would, but he is nonetheless clear. In a recent speech to the Institute of International Finance, he said that the U.S. Administration wants to expand its role in the Bretton Woods institutions such as the International Monetary Fund and the World … Continue reading US Treasury Secretary says the IMF and World Bank must end “mission creep” and return to core mandates
The bank’s climate work is occurring as several of the Trump administration’s allies want the U.S. to exit the World Bank entirely. | Andrew Harnik/AP Photo By Sara Schonhardt and Zack Colman 04/20/2025 10:00 AM EDT The World Bank has softened its once-vocal cheerleading for climate action as the Trump administration evaluates its support for … Continue reading World Bank climate message shifts amid Trump era uncertainty
Source: Insight Crime Two studies released in recent days seek to quantify the cost to societies of crime and insecurity in the Caribbean and Latin America (LAC). Although it is unclear how much Caribbean data was included in the studies (some "LAC-based" studies tend to be more about South America than the Caribbean at the … Continue reading Costs of Violent Crime and Insecurity place a significant burden on societies