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Development Bank to Empower Small Island States

BRIDGETOWN, Barbados – It’s an ambitious project, but don’t tell that to Dr. Hyginus ‘Gene’ Leon, the St. Lucian-born economist, who is leading a visionary effort in establishing the Development Bank for Resilient Prosperity Initiative (DBRP).

St. Lucia-born economist Dr. Hyginus ‘Gene’ Leon, during the interview with CMC editor, Peter Richards (CMC Photo)

Guyana Using International Exposition to Attract Cutting Edge Technologies

GEORGETOWN, Guyana – The International Building Exposition 2024 opened here on Thursday night with the private sector saying it provides an opportunity to engage with global patterns, explore cutting-edge technologies, while the government used the occasion to highlight major expansions and development in the housing and construction sectors.

chairman of the Private Sector Commission (PSC), Komal Singh, addressing the opening of the Exposition on Thursday night

TT Iron Takes Ownership of Steel Plant That Had Been Placed in Liquidation

PORT OF SPAIN, Trinidad – TT IRON Steel Co Ltd (TT Iron) says it has taken over the ownership of the iron and steel plant in the Point Lisas Industrial Estate, Couva in west central Trinidad that had been placed in liquidation following its closure in 2016 by the  Luxembourg based ArcelorMittal, the second largest steel producer in the world.

TT Iron Steel founder, president and CEO Gus Hiller, seated second from left, shakes hands with liquidator of ArcelorMittal Point Lisas Ltd, Christopher Kelshall, following the signing of the sale and purchase agreement for the iron and steel plant in June 2023

Significant Trade Improvement Between South Korea and LAC

RIO DE JANEIRO, Brazil –  The Inter-American Development Bank (IDB) says trade relations between South Korea and Latin America and the Caribbean (LAC) show great dynamism, with record trade in goods, high levels of Korean investment in the region, and potential for future growth.

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