Barbados has reached a significant milestone in its economic recovery journey with the successful conclusion of its IMF-supported reform programme, securing the final loan disbursement of approximately US$116 million (BDS$232 million) under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF). The IMF Executive Board approved the fifth and final reviews of both...
The upcoming launch of the CARICOM Payments and Settlement System (CAPSS) is set to transform how money moves across the Caribbean and between the region and Africa. Governor Timothy N. J. Antoine of the Eastern Caribbean Central Bank (ECCB) says the system will enhance trade, investment, and financial inclusion, particularly for Micro, Small, and Medium Enterprises (MSMEs). Speaking at the Caribbean...
Barbados is set to strengthen its tourism and investment landscape with the introduction of new legislation to regulate timeshare and fractional ownership arrangements, Minister of Tourism Ian Gooding-Edghill announced on Thursday. The legislation, recently approved by Cabinet, will provide a clear legal framework for both ownership models. While timeshare arrangements typically allow individuals to...
A landmark collaboration between the International Finance Corporation (IFC) and the CARICOM Committee of Central Bank Governors aims to accelerate green investments across the English-speaking Caribbean, offering new hope for climate resilience, economic growth, and sustainable development in one of the world’s most vulnerable regions. At the core of this agreement is the creation of a regional...
CARICOM is stepping up efforts to modernize its trade framework and strengthen regional economic integration. The recently held 60th Regular Meeting of the Council for Trade and Economic Development (COTED) concluded with key policy decisions aimed at enhancing productivity, competitiveness, and the region’s global trade position. Major Highlights from the Meeting: Draft Regional Industrial...
A major addition to Cancun’s hotel landscape is on the horizon as Spanish hospitality brand RIU prepares to unveil its latest all-inclusive resort — Hotel Riu Ventura — on December 6, 2025. Positioned along the famed Delfines Beach, the new resort will offer 700 rooms, six outdoor pools, and a full suite of family-friendly amenities. This marks RIU’s sixth property in Cancun and the 23rd in...
Barbados is set for a major transformation in its hotel landscape, with approximately BDS$1.8 billion now committed to six large-scale developments, a move expected to generate over 4,000 permanent roles and thousands of construction positions. View Hotels for Sale in Barbados Boutique Hotel & Restaurant on the East Coast Key Developments in the Pipeline BHTA chairman Javon Griffith...
Janu Turks and Caicos is poised to reshape the future of luxury travel by merging Caribbean tranquility with next-generation wellness and meaningful connection. Designed for discerning travelers from the U.S. and beyond, the resort delivers an elegant blend of beachfront serenity, state-of-the-art amenities, and immersive well-being experiences, all set against the backdrop of one of the region’s most...
Hyatt Hotels has opened its first Inclusive Collection resort in Aruba with the launch of Secrets Baby Beach Aruba. Located on the island’s southeastern coast, the adults-only resort is set near Baby Beach Bay, a location known for its calm waters, soft sands, and scenic sunsets. The newly opened property includes 304 suites designed with balconies or terraces and views of the Caribbean Sea or...
Last week, Caribbean Week in New York (June 1–6, 2025) closed on a triumphant note, drawing fresh praise from Caribbean Tourism Organization (CTO) Chairman Ian Gooding-Edghill—who also serves as Barbados' Minister of Tourism and International Transport. With over 200 attendees, including ministers, industry executives, cultural ambassadors, media, and youth innovators, the event showcased vibrant...