Posts

Why Do U.S. Lenders Remain Wary of the Caribbean?

By News Americas Business Desk

News Americas, NEW YORK, NY, Mon. June 23, 2025: Despite its postcard-perfect beaches, booming tourism market, high-priced real estate, and growing demand for housing and infrastructure, the Caribbean continues to face an uphill battle when it comes to attracting U.S. lenders and investors.

Multi-million dollar deals can languish for months or be rejected altogether. And even when financing is secured, borrowers often face steep upfront costs and premium interest rates.

Ben Mizes, Co-Founder of Clever Real Estate and a licensed real estate agent who has closely studied investor behavior in emerging markets, told News Americas that while, “the Caribbean has a lot going for it — beautiful scenery, more tourists coming in, and a growing need for better housing and infrastructure,” many investors still view the region as a risky place to put their money.

“Problems like unclear land ownership, slow permitting processes, and unpredictable politics make things tricky and delay projects,” Mizes explained. “Investors usually prefer places with clear legal systems and reliable data, which is where the Caribbean falls short.”

“To make progress, we need to lower the risks at a policy level, show real returns, and work with investors who get how these markets operate,” he added. “That’s where real growth can start.”

His views are echoed by other investors working across the region. Luke Babich, Founder and CEO of List with Clever, has been leading renewable energy projects in emerging markets, including the Eastern Caribbean.

“From my experience, the biggest challenges are unclear land titling, slow permitting processes, and limited creditworthy offtakers,” Babich told NAN. “Political risk and currency volatility also deter institutional investors.”

But those aren’t the only barriers keeping lenders at bay.

Financial experts point to several underlying challenges that compound investor hesitation. Small market size, fragmented legal frameworks across island nations, and currency volatility present major hurdles. High disaster risk, limited insurance coverage, and the absence of robust credit reporting systems further undermine lender confidence.

Many Caribbean projects also lack the investor-ready packaging – complete feasibility studies, environmental clearances, and professional financial modeling—that global lenders expect, says Invest Caribbean.

“It’s rarely one structure fits all across the islands,” Babich explained. “High compliance and due diligence costs often make even small deals unappealing to institutional lenders.”

Still, both Mizes and Babich agree that positive change is on the horizon.

“When governments provide guarantees or partner with DFIs, deals become more viable,” Babich said.

Mizes points to progress in countries working to modernize land registries, speed up development approvals, and create clearer benefits for investors. “Some countries are moving towards better land records, faster development approvals, and clearer benefits for investors, which is starting to draw in some serious money,” he noted.

Babich cites a recent success story as proof of that momentum. “We closed the deal by leveraging blended finance and strong local legal support. With the right partnerships and risk mitigation, viable projects can get across the line,” he said, referencing a $25 million solar project in St. Lucia.

For Mizes, the key to unlocking the region’s investment potential lies in boosting investor confidence through transparency, reliable enforcement, and tangible returns.

“The Caribbean has all the ingredients for growth — but to unlock serious capital, we need to reduce risks at the policy level, streamline project development, and work with investors who truly understand the region,” Mizes emphasized. “That’s when real growth will begin.”

Guyana Has Received Significantly Lower Oil Income Compared To The Oil Company

By Darsh Khusial

News Americas, NEW YORK, NY, June 22, 2025: On Monday, June 16th, during an interview of Christopher Ram on a prominent Guyanese social media platform, outrageous claims were made by one of the co-hosts, a columnist for the Guyana Chronicle. The Chronicle columnist claimed that Guyana has received US$13 billion in oil income and that Guyana had received more than the oil consortium (the subsidiaries of ExxonMobil, Hess, and CNOOC that are registered in Guyana) to date. These claims seemed to have been pulled out of thin air, so we checked the Bank of Guyana Natural Resource Fund (NRF) statements and the oil companies’ financials. The graph below shows the year-by-year details of Guyana’s oil income versus the three named oil companies’ declared pre-tax profits; an interactive version of this chart can be found here.

The oil companies’ pre-tax profits consistently exceed Guyana’s income by a factor of 3-5x since 2021. Guyana’s cumulative income amounts to US$6.28 billion—half of what was claimed by the Chronicle columnist. The oil companies’ total pre-tax profits amount to US$29 billion, a figure that is more than 4 times the amount Guyana has received to date.

The Stabroek Oil Contract states that the profit share between Guyana and the oil companies should be 50/50. The total oil profits Guyana has received to date is US$5.5 billion, whereas the pre-tax oil profits reported by the oil companies are US$29 billion. The oil companies don’t pay taxes! How is this a 50/50 profit share?

It is very disturbing that claims are being made which seem to be skewed toward fooling the Guyanese people into believing that they are receiving a fair deal even with the contract as written.

EDITOR’S NOTE: EDITOR’S NOTE: Darshanand Khusial is an executive OGGN Other executive members include Alfred Bhulai, Andre Brandli, Janette Bulkan and Joe Persaud.

Visitor and Contractor Management Systems as Cultural Ambassadors: Enhancing Diversity and Inclusion

News Americas, NEW YORK, NY, Mon. June 16, 2025: In today’s rapidly globalizing world, workplaces are becoming increasingly diverse, integrating individuals from varied cultures, languages, backgrounds, and experiences. As organizations recognize the immense value of inclusivity and diversity, they also face the challenge of ensuring that every stakeholder – be it an employee, visitor, or contractor—feels welcomed, respected, and equally valued. Visitor and contractor management systems, often seen merely as administrative tools designed for security and logistics, hold surprising potential to act as cultural ambassadors. By providing equitable access, multilingual support, and culturally sensitive interactions, these digital platforms not only streamline processes but also significantly enhance diversity and inclusion within workplaces.

Multilingual and Multicultural Accessibility: Catering Seamlessly to Diverse Visitor Bases

One of the most immediate and impactful ways in which visitor and contractor management systems can foster inclusivity is through multilingual capabilities. Traditionally, language barriers at entry points or registration desks have created moments of confusion, awkwardness, or even inadvertent exclusion. Modern digital management platforms effectively eliminate such obstacles by offering intuitive multilingual interfaces, allowing visitors and contractors from diverse linguistic backgrounds to seamlessly navigate entry processes in their preferred languages.

Case Studies: Organizations Leveraging Digital Solutions to Promote Diversity

Several forward-thinking organizations worldwide have successfully demonstrated how strategically implementing visitor and contractor management systems directly enhances diversity and inclusion:

A logistics and trade organization working across Europe and Asia implemented digital contractor management with embedded cross-cultural communication guides. Contractors praised the clarity and respectfulness of the system, reporting increased job satisfaction and better compliance with safety and procedural guidelines.

A multinational technology firm faced challenges managing global teams of contractors and visitors from dozens of countries. They adopted a visitor and contractor management system incorporating multilingual support, cultural competency training prompts, and interactive, localized onboarding modules. The results were striking—visitor satisfaction surveys showed a 40% increase in perceived inclusivity and reduced administrative miscommunications by over 60%.
 

A healthcare provider implemented a culturally inclusive digital management platform that enabled multilingual registration, culturally sensitive wayfinding, and accessible check-in experiences for people of diverse backgrounds. Post-implementation, employee surveys indicated significantly improved perceptions of inclusivity, while visitor complaints about confusion or disrespect due to cultural misunderstandings dropped substantially.
 

Caribbean Set To Outgrow U.S. Economy Through 2027, Says World Bank

News Americas, New York, NY, Tues. June 10, 2025: The Caribbean region is poised to outpace not only the United States but also Europe and Japan in economic growth over the next two years. According to the World Bank’s latest Global Economic Prospects report released today, the Caribbean’s growth will be driven by Guyana’s ongoing oil boom and the continued rebound of tourism and services across the region.

The Caribbean is projected to grow by 3.9 percent in 2025 and by an impressive average of 6.2 percent across 2026 and 2027. Even when excluding Guyana, regional growth is expected to remain solid at 3 percent in 2025 and 3.3 percent in 2026–27.

By contrast, the U.S. economy is forecast to grow by only 1.4 percent in 2025, followed by 1.6 percent in 2026 and 1.9 percent in 2027.

Among Caribbean countries, Guyana stands out with extraordinary projected growth: 10 percent in 2025, followed by 23 and 24.3 percent in 2026 and 2027, respectively. The Dominican Republic, another high performer, is set to grow by 4 percent in 2025 and an average of 4.3 percent in the two years after, fueled by structural reforms and rising foreign investment.

Here is the projected GDP growth ranking for Caribbean nations from 2025 to 2027:

Country2025 (%)2026 (%)2027 (%)Guyana10.023.024.3Dominican Republic4.04.24.4St. Vincent4.92.92.7Dominica4.33.42.8Grenada3.83.42.7Suriname3.13.33.5Trinidad & Tobago2.81.33.2Belize2.82.42.3Barbados2.82.01.7St. Lucia2.82.31.9Jamaica1.71.71.6The Bahamas1.11.21.3Haiti-2.22.02.5

The broader Latin America and Caribbean (LAC) region is forecast to grow by 2.3 percent in 2025, improving to 2.4 percent in 2026 and 2.6 percent in 2027—surpassing both the U.S. and other major economies such as the Euro area (1.6% in 2026 and 1.9% in 2027) and Japan (0.8% and 1%, respectively).

While the regional outlook remains positive, the World Bank cautions that external risks such as rising protectionism, policy uncertainty, and global financial tightening could affect export performance and delay fiscal improvements. Still, the Caribbean stands at the forefront of global growth prospects heading into the latter half of the decade.

Felicia J. Persaud, CEO of Invest Caribbean, reacting to the World Bank data in the Global Economic Prospects, June 2026 report, stated: “The time is now to invest in the Caribbean – and the numbers back it up. To all those who have dismissed the region as too small or unworthy of investment or lending: it’s time to wake up from your slumber.”

Guyana Gets Institutional Fund To Power Real Estate And Infrastructure

News Americas, New York, NY, June 4, 2025: Guyana’s growing prominence on the global investment stage was further underscored this week as Rise Guyana announced the final close of its inaugural private investment fund at USD $29 million – marking the country’s first institutional real estate and infrastructure fund.

Backed by investors across the United States, United Kingdom, Europe, South America, and the Middle East, the fund aims to leverage Guyana’s rapid economic growth and its transformation into the world’s fastest-growing nation, fueled largely by oil discoveries in the Stabroek Block.

“This fund reflects our confidence in Guyana’s transformation and our commitment to building long-term value with local roots and global vision,” said Kristine Thompson, co-founder and managing partner of Rise Guyana.

Guyana’s Stabroek oilfield, which holds an estimated 11 billion barrels of reserves, has propelled the country to the center of global energy discussions. According to Wood Mackenzie, this vast reserve could yield over $190 billion for the Guyanese government in the next 15 years, while generating $182 billion in profits for ExxonMobil and its partners. The high returns, coupled with a low breakeven cost of production under $30 per barrel, make the field one of the most lucrative oil projects worldwide.

Capitalizing on this momentum, Rise Guyana is rolling out a series of transformational infrastructure projects including:

A dual-branded Marriott City Express and City Suites hotel near Ogle Airport and Exxon HQ.

Modular housing manufacturing for scalable, cost-effective construction.

A private aviation hub at Ogle and Timehri airports.

Multi-phase residential developments in fast-developing corridors.

A portfolio of completed multi-family developments.

The fund targets a 30% net internal rate of return, utilizing a barbell strategy to balance stable yield with growth opportunities.

“This is more than a real estate fund – it’s a platform for national transformation,” added Thompson. “We’re combining frontier returns with institutional governance to help shape the physical, economic and social future of Guyana. This is the first of many funds to come.”

As Guyana continues to redefine its economic landscape, Rise Guyana is positioning itself as a key player in shaping a sustainable and inclusive future for the country and its citizens.

Exxon-Led Oil Group Nets $10.4B In Guyana As Output Surges

News Americas, New York, NY, June 4, 2025: Guyana’s booming oil industry continues to break records, as the ExxonMobil-led consortium reported a massive 64% surge in 2024 profits, totaling $10.4 billion from operations in the South American nation. The figure highlights Guyana’s transformative role in global energy markets and its position as a top-tier oil-producing frontier.

ExxonMobil alone earned $4.7 billion of its total $33.5 billion in 2024 from Guyana, the company confirmed this week, while partners Hess Corporation and China’s CNOOC reaped $3.1 billion and $2.5 billion respectively – significant jumps from the previous year.

The group’s output reached 652,000 barrels per day (bpd) in the fourth quarter, thanks to key upgrades at floating production facilities. With a fourth production vessel arriving in February and more installations underway, Guyana’s oil output is projected to exceed 900,000 bpd soon, with long-term plans aiming for 1.7 million bpd by 2030.

“This performance showcases the scale of opportunity that Guyana represents,” said an Exxon executive, pointing to the country’s strategic positioning, rapid production growth, and investor-friendly environment with relatively low royalties and taxes.

While consortium expenses in Guyana rose by 42% to $4.9 billion last year, the pre-tax profit reached an impressive $12.8 billion—solidifying Guyana’s status as a cornerstone in the partners’ global portfolios.

As pressure mounts to secure natural gas and diversify energy strategies, Exxon and its partners are also exploring new developments to quantify and utilize Guyana’s gas reserves.

With this continued momentum, Guyana and its neighbors are firmly on track to become one of the world’s last great oil frontiers—offering robust returns while fueling national development.

Apple Purchases And Retires 100,000 Carbon Credits From Guyana In Landmark Sustainability Move

News Americas, New York, NY, Tuesday, June 3, 2025:In a significant stride towards environmental sustainability, global technology leader Apple Inc. has acquired and retired 100,000 carbon credits from Guyana, marking its inaugural engagement with jurisdictional carbon credits under the Architecture for REDD+ Transactions, (ART) framework.

Apple Inc. purchases and retires 100,000 carbon credits from Guyana, reinforcing its commitment to environmental sustainability and supporting the nation’s forest conservation initiatives.

The credits, priced at US$15 each, amount to a total investment of approximately GYD$313 million. Senior Director for Climate and REDD+ at Guyana’s Ministry of Natural Resources, Dr. Pradeepa Bholanauth, confirmed the transaction, highlighting its alignment with Apple’s commitment to offsetting its corporate emissions.

These 2019-vintage credits, representing emission reductions from 2016 to 2020, are part of Guyana’s comprehensive forest conservation efforts encompassing 18 million hectares—about 85% of the country’s landmass. Apple’s 2025 Environmental Progress Report emphasizes that this initiative supports the nation’s historically low deforestation rate while funding low-carbon development priorities.

Apple’s engagement with Guyana’s carbon credits follows a precedent set by Hess Corporation, which purchased US$750 million worth of credits in December 2022. This move underscores the growing corporate interest in high-quality, jurisdictional carbon credits as a means to achieve sustainability goals.

Since achieving carbon neutrality in April 2020, Apple has consistently invested in carbon credits from various countries, including Colombia and Kenya. The company’s latest acquisition from Guyana signifies a strategic shift towards large-scale, jurisdictional approaches to carbon offsetting.

Guyana’s participation in the voluntary carbon market has yielded substantial economic benefits, with earnings of US$237.5 million from carbon credit sales between 2022 and 2024. Projections indicate additional revenues of US$250 million for the 2021–2025 period and US$312 million for 2025–2030, as credits are sold at increasing rates of US$20 and US$25 per tonne, respectively.

This collaboration between Apple and Guyana exemplifies a mutually beneficial partnership, advancing global climate objectives while supporting sustainable development in forest-rich nations.

Invest Caribbean CEO To Co-Moderate Finance Panel At CCF 2025

News Americas, New York, NY, June 2, 2025: The countdown is on to the Cross Continental Forum (CCF) 2025 in Barbados.

Felicia J. Persaud, the trailblazing CEO of Invest Caribbean, is set to co-moderate a pivotal panel at the event on “Decolonizing Financing & Investment.” The session, part of a five-day landmark gathering, aims to radically reshape global media investment frameworks and champion equity for Black and Global Majority content creators.

The countdown is on to CCF 2025 in Barbados where ICN’s Felicia J. Persaud will be among the moderators.

Persaud, a South Florida-based journalist, media and investment entrepreneur, and passionate advocate, has consistently raised awareness about the critical lack of access to capital – particularly for the Caribbean region, will join UK-based finance strategist Nathan Adabadze in leading the June 15th dialogue. Together, they will guide critical conversations with top-tier industry leaders, including Victor Mukete of Afrixembank (Nigeria), Joel Phiri of Known Associates (South Africa), Kerwyn Valley of C15 (Trinidad), and Kaye Greenidge of Invest Barbados.

Their collective goal? To explore new global ecosystems that prioritize inclusive capital flows and dismantle long-standing colonial power structures in media financing. This bold conversation is expected to surface solutions that emphasize cultural sovereignty, equitable partnerships, and sustainable development across Africa, the Caribbean, and beyond.

The Cross Continental Forum, produced by CaribbeanTales Media Group in partnership with the University of the West Indies, unites over 30 producers and 25 industry delegates from the UK, Canada, Africa, and the Caribbean. The forum seeks to reimagine global storytelling through a decolonial lens and is a cornerstone event of the CaribbeanTales International Film Festival’s 20th anniversary celebration.

Each day of CCF 2025 focuses on a different facet of decolonization in media:

June 14: Decolonising Policy & Legislation – Featuring experts from Canada, the UK, the Caribbean, and Africa, this panel tackles systemic legislative and policy barriers to equitable media production. Notable speakers include Joy Lowen (Canada Media Fund), Denitsa Yordanova (British Film Institute), and CARICOM’s Wayn McCook.

June 15: Decolonising Financing & Investment – Moderated by Felicia Persaud and Nathan Adabadze, this panel highlights new financing frameworks for empowering Black content creators and creating sustainable global partnerships.

June 16: Decolonising Content – This session explores authenticity in Black and Global Majority storytelling, with insights from Asha Lovelace (Caribbean Film Festival), Effie T. Brown (Gamechanger Films), and Elon Johnson (Tyler Perry Studios). The evening culminates in a conversation with Oscar-nominated filmmaker Ava DuVernay.

June 17: Decolonising Distribution – A deep dive into dismantling systemic distribution biases, featuring case studies and strategies for independent, decentralized media delivery.

June 18: Decolonising Co-Production – A culminating session that reflects on the forum’s insights and presents concrete action plans for sustainable global collaboration in Black and Indigenous media.

Complementing the panels are a series of public film events celebrating the CaribbeanTales International Film Festival’s two decades of impact:

June 13: Opening reception and screening of short films at Hayman’s Market.

June 14: Screening of HBO’s Get Millie Black followed by an in-depth conversation with Booker Prize-winning author Marlon James at Frank Collymore Hall.

June 15: Screening of Banel and Adama with a talkback featuring UK distributors We Are Parable at the Barbados Museum.

June 17: Screening of Ernest Cole: Lost & Found, directed by Haitian filmmaker Raoul Peck, also at the Barbados Museum.

About the Cross Continental Forum:
The Cross Continental Forum (CCF) 2025 is a production of CaribbeanTales Media Group in collaboration with the Department of Creative and Performing Arts (UWI Cave Hill). It is generously supported by the Canada Media Fund, British Film Institute, Mango Bay Group of Companies, Invest Barbados, Inter-American Development Bank, Picture NL, National Cultural Foundation of Barbados, Barbados Tourism Marketing Inc., Barbados Film and Television Association, Telecommunications Services of Trinidad and Tobago, Telefilm Canada, and numerous other global partners.

Guiding the forum is a distinguished Steering Group that includes Frances-Anne Solomon (CEO, CaribbeanTales Media Group), Andrew Millington (UWI Cave Hill), CCH Pounder (actor and activist), Dr. Keith Nurse (COSTAATT), Zikethiwe Ngcobo (Fuzebox Entertainment, South Africa), John Reid (former FLOW CEO), Agnieszka Moody (British Film Institute), Chloe Sosa Simms (CBC), and international events producer Diana Webley.

The film screenings are open to the public, and tickets can be obtained at: https://ticketnation.nuwebgroup.com/

Guyana, Afreximbank Launch US$1 Billion Oil Services Financing Facility

News Americas, New York, NY, May 27, 2025: The Government of Guyana and the African Export-Import Bank (Afreximbank) have officially launched a US$1 billion financing facility aimed at strengthening the participation of local businesses in the country’s booming oil and gas sector.

Senior Minister in the Office of the President with Responsibility for Finance and the Public Service Dr. Ashni Singh, c., with the Afrexim team.

Unveiled recently at the Marriott Hotel during a two-day roadshow themed “Empowering Local Content Participation for Sustainable Prosperity,” the initiative follows high-level discussions between President Irfaan Ali and Afreximbank President Benedict Oramah earlier this year. The facility is intended to deepen Caribbean-Africa trade ties while ensuring local enterprises benefit from Guyana’s oil wealth.

Senior Minister in the Office of the President with Responsibility for Finance and the Public Service, Dr. Ashni Singh, lauded the launch as a milestone in economic cooperation. “This generation must move beyond cultural ties and capitalize on the untapped commercial opportunities between our regions,” he said. He urged the local private sector to explore the bank’s financial products and engage in meaningful transactions.

Afreximbank’s Regional COO, Okechukwu Ihejirika, reaffirmed the Bank’s commitment to implementation, emphasizing that local businesses must have a stake in the country’s energy-driven prosperity.

The facility is a key step in expanding access to competitively priced financing for Guyanese companies.

EXXON/CHEVRON FIGHT

The facility comes as a high-stakes legal battle between U.S. oil giants ExxonMobil and Chevron over Guyana’s lucrative Stabroek oilfield begins this week in London arbitration. At the center is a 30% stake in the field, held by Hess Corporation, which Chevron agreed to acquire for $53 billion. Exxon, already holding a 45% share, argues it has first refusal rights under a joint operating agreement. The outcome could reshape future oil contracts and corporate takeovers. The Stabroek block, with over 11 billion barrels in reserves, is a key growth asset for both companies and a major revenue source for Guyana.

These Are the Freest Caribbean Economies In 2025—Is Your Country On The List?

News Americas, New York, NY, May 15, 2025: Wondering how economically free Caribbean nations are? According to the 2025 Index of Economic Freedom from The Heritage Foundation, the region is mostly economically free, with several countries outperforming both global and regional averages.

BarBarbados leads the region with a score of 68.9, ranking 36th globally out of 184 countries and 5th in the Americas, placing it firmly in the “moderately free” category. It is followed closely by Jamaica (68.7, 38th) and Saint Lucia (67.0, 47th), showcasing the region’s continued push for open markets, efficient regulations, and growth-friendly policies.

The Bahamas, with its tax-free model and steady macroeconomic management, ranks 72nd globally with a score of 63.2, also considered “moderately free.” While still performing above global and regional averages, institutional improvements are needed to ensure sustainable economic growth.

Here’s how Caribbean nations ranked in the 2025 Index of Economic Freedom:

Barbados – 68.9 (36th globally)

Jamaica – 68.7 (38th)

Saint Lucia – 67.0 (47th)

Dominican Republic – 64.3 (65th)

Belize – 64.2 (66th)

Trinidad and Tobago – 63.6 (69th)

The Bahamas – 63.2 (72nd)

Saint Vincent and the Grenadines – 60.1 (87th)

Guyana – 58.2 (99th)

Dominica – 55.3 (116th)

Suriname – 50.9 (144th)

Haiti – 46.1 (163rd)

Cuba – 25.4 (175th)

At the bottom of the list, Cuba and Haiti are classified as “repressed” economies, facing entrenched challenges such as rigid state control, corruption, and weak legal institutions.

Despite variations in rankings, most Caribbean nations fall within the “moderately free” category, signaling a generally positive outlook for investment, private-sector growth, and economic development in the region.