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IMF warns of long-term tourism impact on economies


by Marlon Madden
Officials of the International Monetary Fund (IMF) are warning that most Caribbean economies, especially those relying heavily on tourism, could suffer from significant long-term scarring as a result of the COVID-19 pandemic.
They have warned that urgent steps were therefore needed towards diversification of the tourism sector and engagement in sustainable use of ocean resources by increasing investment in shipping, fisheries and aquaculture.
This was outlined in a document prepared this month by Krishna Srinivasan, IMF Deputy Director in the Western Hemisphere; Sónia Muñoz, Division Chief of the Caribbean Division; and Ding Dong, IMF Deputy Division Chief of the Western Hemisphere in their March IMF country focus. ....

Trinidad And Tobago , Krishna Srinivasan , Marlon Madden , Caribbean Division , Caribbean Community , Officials Of The International Monetary Fund , Deputy Division , International Monetary Fund , Western Hemisphere , Division Chief , Ding Dong , Caribbean Economic Recovery , Transformation Plan , டிரினிடாட் மற்றும் டொபாகோ , கிருஷ்ணா ஸ்ரீநிவாசன் , மார்லன் மேடன் , கரீபியன் பிரிவு , கரீபியன் சமூக , அதிகாரிகள் ஆஃப் தி சர்வதேச பண நிதி , துணை பிரிவு , சர்வதேச பண நிதி , மேற்கு அரைக்கோளம் , பிரிவு தலைமை , டிங் டாங் , கரீபியன் பொருளாதார மீட்பு , மாற்றம் திட்டம் ,

Mastercard seeks to increase financial inclusion in the Caribbean


Mastercard has teamed up with payment processing technology company, Dynamics Payments, to launch an application (app) that will increase financial inclusion for the Caribbean region.
This comprehensive solution is expected to result in a marked increase in credit and debit card usage in the coming years. The app will be available in three Caribbean markets – Jamaica, Dominican Republic and Puerto Rico.
With its vast experience in payment services technologies, Dynamics Payments will offer consumers a comprehensive digital wallet with the safety and security features that Mastercard cardholders have come to enjoy and rely upon.
At the same time, businesses will be able to utilise the app to register their mobile devices as payment terminals, including for Tap on Phone, a solution that turns phones into payment acceptance devices. ....

Puerto Rico , Dominican Republic , Jimena Elia , Frank Lopez , Business Development For Mastercard , Caribbean Division , Mastercard Digital Enablement Service , Dynamics Payments , Business Development , Global Strategy Director , ப்வெர்டோ ரிக்கோ , டொமினிகன் குடியரசு , ஜிமினா எலியா , வெளிப்படையான லோபஸ் , வணிக வளர்ச்சி க்கு மாஸ்டர்கார்டு , கரீபியன் பிரிவு , இயக்கவியல் கொடுப்பனவுகள் , வணிக வளர்ச்சி , உலகளாவிய மூலோபாயம் இயக்குனர் ,