Haiti needs more than a push start. The IMF has approved an additional U$26 million to assist Haiti to mitigate the impact of food and fuel prices on the economy of the struggling Caribbean nation. The Fund completed the third review of Haiti’s economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement and [...]

Last week on the Eastern Caribbean Securities Market, 130 Cable & Wireless St Kitts & Nevis Limited shares traded at $7.33, up thirty-three cents or 4.71% since its last traded price, 300 Dominica Electricity Services Limited shares traded at $3.15 down ten cents or 3.08% since its last traded price, 465 East Caribbean Financial Holding [...]

Linda Rimer of JA and Sharon Brown of FirstCaribbean, Bahamas. Junior Achievement Worldwide is receiving a US$204-thousand dollar boost from FirstCaribbean International Bank to help provide resources and opportunities for the region’s youth. “At FirstCaribbean, we recognize that, with changes in the global economy and the deleterious impact on fledgling regional communities, young people in [...]

While Usain Bolt was setting a lightning trail on a 100 meter track in New York, Saturday evening and establishing a new mark for the world’s sprinters to reach, a group of Jamaican-Canadian small-business people was going for another achievement – how to network to grow their businesses. It was the second session of the [...]

The Caribbean’s businesses will soon benefit from a new Risk Sharing Guarantee Facility agreement being jointly spearheaded by FirstCaribbean International Bank and the Inter-American Development Bank (IDB). Under a new proposed partnership between the two entities, Caribbean businesses will be able to tap into US$200 million in funding geared towards tourism investment and development projects [...]

John D. Orr  The six year-old FirstCaribbean International Bank has announced its first leadership change with CEO, Charles Pink stepping aside to be replaced by John D. Orr, a FirstCaribbean Board member and a senior CIBC executive. “It is with great sadness that I see Charles leave the company, although I understand his desire to [...]

FirstCaribbean International Bank has won the award for “Best Bank in Barbados” for 2008 from Global Finance magazine for the fifth consecutive year. Global Finance editors, in conjunction with industry analysts, corporate executives and banking consultants, selected the best emerging market banks across the globe. Criteria for choosing the winners included growth in assets, profitability, [...]

World trade growth slid to 5.5 per cent last year from 8.5 per cent in 2006 and may grow even more slowly in 2008 — at about 4.5 per cent — as sharp economic deceleration in key developed countries is only partly offset by continuing strong growth in emerging economies, according to World Trade Organization [...]

Fewer that 8,000 shares traded on the eastern Securities exchange last week, as well as 10,000 units of Government of Antigua & Barbuda’s 91-day treasury bill. Liste to the details:    

Anoop Singh, Director of the Western Hemisphere Department, IMF The International Monetary Fund is reporting a mixed macroeconomic performance  for the Caribbean in 2007. Regional growth averaged 4.75 percent in 2006–07, the fastest pace in more than two decades, the IMF reported . It says this was underpinned by a favorable external environment, private construction, [...]