Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade Update published by UN Trade and Development (UNCTAD) on 5 December. This $1 trillion increase, reflecting 3.3% annual growth, highlights resilience in global trade despite persistent challenges. Robust growth in services trade, up 7% for the year, […]
Editorial credit: Luciavonu /shutterstock.com The economy is on track to grow by 4.3% in financial year 2024/25, registering a fourth consecutive year of GDP growth above 3% since Prime Minister Hon. Philip J. Pierre came to Office in July 2021. Following consecutive years of economic declines, from 3.4% in 2017 to 2.9% in 2018 and […]
Photo credit: Caribbean Business Report The Caribbean Development Bank (CDB), through its Office of Integrity, Compliance, and Accountability (ICA), is today hosting a free virtual “Expert Forum on Anti-Corruption in the Age of AI” in observance of International Anti-Corruption Day. The forum is bringing together global experts to discuss the opportunities and risks artificial intelligence […]
Photo credit: Caribbean Business Report The Board of Governors of the Caribbean Development Bank (CDB) announces the election of Mr. Daniel Best, a native of Barbados, as the seventh President of the institution. This decision underscores the Bank’s commitment to visionary leadership and sustainable development across the Caribbean region. Mr. Best brings a wealth of […]