Latest News From the Region

Deficit budget aims to start gradual process of economic recovery
30th January 2023 Cuba’s Minister of Finance and Prices, Meisi Bolaños, has said that the most significant challenge facing Cuba this year will be delivering economic growth while continuing to deliver the country’s social provision and system of subsidies. Speaking with other ministers about the

World Bank warns Worldwide Recession would have effect on region
27 January 2023 The World Bank has warned that the Northern Triangle of El Salvador, Guatemala and Honduras face economic difficulties. According to analysts, El Salvador and Honduras faced 2022 with negative growth rates of 8-9%, with Guatemala’s around 2%. Should a worldwide recession become

Report suggests outlook for Cuban rice production bleak
23rd January 2023 Granma has published an interview that suggests that Cuba will be hard pressed in the coming years to achieve its objective of producing domestically over 0.6mn tons of rice. This is the volume it requires if it is to deliver from domestic

Significant investment fraud uncovered at SSL Jamaica
20th January 2023 Financial regulators in Jamaica have issued enhanced oversight directives after massive employee fraud was allegedly uncovered at Stock and Securities Limited (SSL). “The directions impose strict reporting requirements on the entity and prevent the entity from disposing of any assets. Based on

Cuba’s Central Bank says €72mn debt claim to be heard soon in UK High Court
16th January 2023 Cuba’s Central Bank (BCC) has confirmed that legal proceedings will shortly begin in London before the commercial division of the High Court in a case relating to a debt recovery claim for €72mn (US$78mn) made against the Banco Nacional de Cuba (BNC)

Central America sees 7.15% fall in homicides
13th January 2023 According to official sources from each country, the total amount of violent deaths in 2022 fell 7.15% from 10,487 in 2021 to 9,737. El Salvador, which has embarked on a social crackdown that has seen over 2% of its adult population jailed,
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JAMAICA PRODUCERS GROUP – AWARD WINNER 2022
On Thursday, 8th December Jamaica Producers Group Limited were announced as

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