by Natalie Moodey | Mar 28, 2024 | Caribbean Insight
A former premier of the British Virgin Islands has been convicted on drug trafficking charges in the United States, highlighting how systemic corruption makes the strategically located island territory a formidable cocaine trafficking hub. On February 8, a jury in...
by Natalie Moodey | Mar 25, 2024 | Caribbean Insight
Weeks after rejecting an IMF call to implement a personal income tax on its citizens, The Bahamas has announced plans for the introduction of a corporate top-up income tax. Speaking in his midterm budget communication to the nation, Prime Minister Philip Davis said...
by Natalie Moodey | Mar 18, 2024 | Caribbean Insight
Jamaica reached a significant milestone in its economic journey with its highest credit rating from Fitch Ratings, signalling remarkable progress in debt reduction efforts. After covering the nation for 18 years, Fitch upgraded Jamaica by one notch to BB-, positioning...
by Natalie Moodey | Mar 18, 2024 | Caribbean Insight
UK increasing available private sector funding in Guyana. UK Minister for the region, David Rutley, announced a significant increase in financing for Guyana’s Public and Private Sector, nearly tripling to £2.1bn (US$1.54bn), demonstrating confidence in...
by Natalie Moodey | Mar 18, 2024 | Caribbean Insight
The Finance Ministry has announced the BVI’s removal from France’s blacklist of non-cooperative tax jurisdictions following legislative and regulatory reforms, including strengthening tax information exchange frameworks. Premier Wheatley said that the...
