Global foreign direct investment (FDI) fell by 11%, marking the second consecutive year of decline and confirming a deepening slowdown in productive capital flows, according to the World Investment Report 2025, released today by UN Trade and Development (UNCTAD) on 19 June. Although global FDI rose by 4% in 2024 to $1.5 trillion, the […]
The Bahamas has assumed the Chairmanship of the Caribbean Development Bank’s (CDB) Board of Governors, committing to champion climate resilience and strengthen regional disaster response systems throughout its one-year term. With firsthand experience confronting climate-related disasters, The Bahamas brings a critical perspective to the Bank’s climate agenda. The Annual Meeting of CDB’s Board of […]
While debt often carries a negative connotation, when managed well, it allows governments to invest in projects that improve lives and build economic resilience. Against that backdrop, 33 public debt managers from 16 Caribbean countries, including Saint Lucia came together in Jamaica for an intensive workshop on improving debt data quality and transparency. Officials […]
The Caribbean Development Bank (CDB) says Canada’s US$400 Million Portfolio Guarantee announced at the G7 Summit is a game changer. Canada’s groundbreaking announcement at the 2025 G7 Leaders’ Summit, includes a Portfolio Guarantee of up to US$200 million for CDB. This announcement by Canada marks a transformative milestone in expanding development financing for the […]
The OECS Commission has announced the commencement of a pivotal study tour to Guadeloupe, focusing on geothermal energy development. This initiative underscores the OECS’s commitment to advancing sustainable energy solutions and strengthening regional energy independence by tapping into the potential for indigenous, clean power from the heat beneath our feet. This study tour, organised […]
Editorial credit: EWY Media / shutterstock.com The Organization of Eastern Caribbean States (OECS) Commission has hailed the Nevis Geothermal Forum, held on May 26, as a watershed moment for the region’s sustainable energy ambitions. Organized by Island Innovation in collaboration with the Nevis Island Administration and the OECS GEOBUILD programmed as a prelude to […]
The 77th Meeting of the Organization of Eastern Caribbean States Authority has wrapped up in St. Vincent and the Grenadines after detail conversations on the trade and economic impacts of the America First Policies on the region. An update paper to the OECS Authority on the implications of the United States’ “America First” trade and […]
By Government of Barbados, gisbarbados.gov Barbados’ Minister of Environment and National Beautification, Green and Blue Economy, Adrian Forde, has been appointed as the new Chairman of the Partnership Initiative for Sustainable Land Management’s (PISLM) Ministerial Council. Minister Forde’s two-year term began at the recently concluded Fourth Session of the First Ministerial Council of the Partnership […]
By Claudia Irizarry Aponte and Katie Honan | Photo credit: Ben Fractenberg/THE CITY In a blow to retirees, the state Court of Appeals overruled lower court decisions that had barred the city from moving its quarter-million retirees to a privatized health care plan. The state’s highest court has overruled a state Supreme Court judge’s decision that had barred […]
By Chris Tobias | Photo courtesy: Crystal for Brooklyn In an interview with our Editor-in-Chief and Host of People Power & Politics, Pearl Phillip, New York City Council Member Crystal Hudson sat down to reflect on her trailblazing tenure and ambitious vision for the future. Representing the diverse and culturally rich 35th District—which includes Fort […]