PAPSS or Carib$ or both of them — where should the Caribbean go? Despite the geographical proximity of CARICOM nations, high barriers to trade make close neighbours seem worlds apart. Transferring funds across the region is a slow, expensive and complicated process — a predicament which the CARICOM Single Market and Economy (CSME) aims to address. […]
Exploring the Power of Complementary Currencies for Revitalising the Caribbean Economy Complementary Currencies (CCs) have been around since the 1980s and are currently being used by over 5000 communities worldwide – ranging from small villages in Africa to whole countries such as Switzerland. CCs have proven to support economic development specifically in regions plagued by […]
A Remedy Against De-risking of Banks
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A Remedy Against De-risking of Banks International banks are de-risking their business and Caribbean businesses pay a steep price for this. As an example, remember what was happening in Belize in 2016. At this time the majority of Belize’s banks were de-risked. There was no easy way to transfer money in or out of Belize […]