Economics

Stories, audio, video, photos that highlight macro and micro economic issues affecting Caribbean countries and its people in the region and the Diaspora.

Sandals disappointed with “stalled” Barbados project

Sandals Resort International (SRI) says it is disappointed at the “stalled progress of the Beaches project in Barbados’ but remains fully committed to working with all stakeholders for the future growth and development of the island.

Mitchell pleased with CDB report

The CDB’s latest Country Economic Review, for Grenada states that “In 2018, Grenada continued to be the fastest growing economy in the region. Growth was estimated at 5.2% for the year, which translates to a five-year average of 5%.”

Poverty reduction rests on trade

Open trade is particularly beneficial to the poor, because it reduces the cost of what they buy and raises the price of what they sell. As new research from the World Bank and the World Trade Organization makes clear, farmers and manufacturing workers earn more income when their products can reach overseas markets.

Seven Caribbean countries BLACKLISTED

Trinidad and Tobago is among seven Caribbean countries named on the revised financial blacklist of the European Union (EU).
The updated list follows an assessment of 92 countries by the Commission of Finance Minister of the EU based on three criteria: tax transparency, good governance and real economic activity, as well as one indicator, the existence of a zero corporate tax rate.
The report published on March 12 states that Trinidad and Tobago continues to be recognized as a non-cooperative jurisdiction concerning taxation because it “has a “Non-Compliant” rating by the Global Forum on Transparency and Exchange of Information for Tax Purposes for Exchange of Information on Request”.