A one-year catastrophe bond, or cat bond, underwritten by the World Bank and which provides Jamaica with US$185 million in insurance coverage in the event of a natural disaster, comes up for review in December, and already the multilateral institution is saying it’s open to a roll-over of the facility

Now is a challenging time to manage a budget due to increasing prices and income that is not increasing or is doing so at a slower pace than prices. From the look of things, there are more challenging times ahead. The fact that it may be challenging to balance a

Jam-Dex, Jamaica’s newly minted central bank digital currency, or CBDC, ranked fourth among a group of 10 leading countries that are issuing CBDCs in retail form for use as money, according to a new report by PricewaterhouseCoopers. The report “analyses and ranks” the leading retail and wholesale CBDC projects, by

The heads of the International Monetary Fund and the World Bank warned on Wednesday that rising interest rates are squeezing the world’s poorest countries as they struggle with the coronavirus and soaring food prices. There is “a huge build-up of debt, especially in the poorest countries,’’ World Bank President David

Regulations for the Road Traffic Act 2018, tabled in Parliament by Minister of Transport and Mining, Hon. Audley Shaw, on February 1 this year, are expected to come into effect “very soon”. “These Regulations will seek to completely revise the mode of conduct on Jamaican roads and will hold road

AP Delegates arrive at the International Monetary Fund building during the first day of the World Bank-IMF Spring Meetings in Washington on Tuesday, April 19. The International Monetary Fund, IMF, on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting

Jamaicans are seriously a lot less happy, but somehow islanders found ways of keeping calm, according to the Global Happiness Report released in March month. Jamaica ranked as the 63rd happiest among 146 nations, with Finland in the top spot and Afghanistan placed last. A year ago, Jamaica ranked

Guyana’s economy grew by 72.03 per cent between 2019 and 2021, outperforming all others in the Latin America and Caribbean, or LAC, region. In its semi-annual report on LAC released this month, the World Bank noted that many countries in the region, particularly the tourism-dependent nations, recorded economic declines,

Amazon is taking a step to offset its rising costs, announcing that it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the e-commerce giant's fulfilment services. The Seattle-based company said on its website that the added fees, which take effect April