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Caribbean

  • Trinidad and Tobago seeks to leverage broadband in diversification efforts

    A national drive is gaining pace in Trinidad and Tobago to prioritise access to data services as an engine for economic increase, part of wider plans to reduce the country’s reliance on hydrocarbons.

    In late April Maxie Cuffie, the minister of public government and communications, announced that a new broadband strategy targeting universal access to internet services was almost finalised.

    Speaking at a conference titled “Internet of Things: Smarter Living in the Caribbean”, held in Port of Spain, Cuffie said the potential broadband offered could be compared to that of T&T’s hydrocarbons sector. He voiced his confidence that increased reach and speed, combined with a rise in Wi-Fi-capable devices, could deliver significant ripple effects across the national economy.

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  • Jamaica Tourism Minister urges more tourism investment

    Financial institutions, inclunding the Caribbean Development Bank (CDB), are being urged by Jamaica’s Tourism Minister, Edmund Bartlett, to better establish a window of opportunity for Small and Medium Tourism Enterprises (SMTEs) and to invest additional in tourism in the region. Bartlett argued that a additional significant contribution to national economies and its citizens can only come through improving the capacity of people to provide an enhanced visitor experience.

    Bartlett’s analysis came out his participation in a high-level panel discussion Thursday at the 47th Annual Conference of the Board of Governors of the CDB in the Turks and Caicos Islands.

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  • Economic headwinds look set to revive African M&A

    Two-thousand and sixteen was relatively quiet for African banking markets on the merger and acquisition (M&A) front. In most of the continent’s larger economies, inclunding Nigeria and South Africa, major transaction announcements were absent despite the challenging economic conditions of recent times. Buy-ins to African banks from European and Middle Eastern players were as well low, according to data from Mergermarket.

    This contrasts sharply from 2015 at the same time as buyers from Norway, Kuwait and the UK all made significant acquisitions on the continent. These deals were complemented by several bold intra-regional transactions, inclunding Kenya’s Equity Group acquiring a stake in a microfinance provider in the Democratic Republic of the Congo and Morocco’s Banque Centrale Populaire buying a position in BIA Niger.

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Key Facts

The Caribbean is a region that consists of the Caribbean Sea, its islands (most of which are enclosed by the sea), and the surrounding coasts. The region is southeast of the Gulf of Mexico and North America, east of Central America, and north of South America.

  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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  • Trinidad and Tobago Year in Review 2016

    2017/04/19

    Lower returns from the energy sector due to weaker prices and a drop in production weighed down Trinidad and Tobago’s economy in 2016, though stronger prospects for the industry in the new year should fuel a rebound in 2017.

    Budget to bite back

    The T&T economy remained in recession for the second year in a row, with the Central Statistical Office (CSO) estimating that GDP would fall by 2.3% in 2016, following a contraction of 0.6% the previous year.

    With hydrocarbons accounting for 39% of national fiscal gain and 83% of export values over the 15 years through to 2015, according to the Central Bank of T&T (CBTT), much of the recessionary pressure has come from low world energy prices.

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  • Airbnb bets on boom in Cuba tourism

    2015/04/05

    Airbnb has opened its site to Cuba, making it one of the initial US companies to open shop on the island since the dramatic thaw in tensions between Washington and Havana last year.

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  • The Latin American way new Trans-Pacific Partnership

    2013/11/15

    Cross-border trade bodies in the Americas have a variable record, with critics rounding on the likes of Mercosur or even the new Trans-Pacific Partnership. However, the Pacific Alliance – largely driven by the private sectors of Chile, Peru, Colombia and Mexico – appears to be showing how such bodies can work entirely.

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