ANNUAL REPORT 2017

2016 was another difficult year for the world economy, marked by sluggish global trade, weak investment and heightened policy uncertainty. Caribbean economies also experienced a challenging year, with the major commodity exporters all experiencing weaker performance than in 2015, though the service-based economies fared somewhat better with a pick-up in tourism. Notwithstanding these overall strained conditions, I am pleased to report that Caribbean Information and Credit Rating Services Limited (CariCRIS) performed well.

 

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ANNUAL REPORT 2016

Global economic recovery continued in 2015, but at a slower pace than expected. Global growth fell to 3.1% from 3.4% in 2014, driven primarily by the slowdown in China and low commodity prices. Caribbean economies consequently remained under strain and overall issue of new debt securities muted. Notwithstanding these difficult conditions, I am pleased to report that Caribbean Information and Credit Rating Services Limited (CariCRIS) performed creditably.

 

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ANNUAL REPORT 2015

Economic recovery from the global financial and economic crisis that started in 2008 has been weak. Overall investment in real assets has been slow and there has been little improvement in productivity. Many governments worldwide have had to defer investment in infrastructure as part of their fiscal consolidation efforts.

 

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Chairman’s Report 2014

Though showing some early signs of a tepid recovery, the global economy remained largely under pressure over the past year, and this continued to weigh heavily on the performance of many Caribbean economies and corporate entities. In such an environment, compounded by large institutional investors’ seeming indifference toward the need for independent assessments, and in the absence of a regulatory framework mandating credit ratings, generation of new ratings is challenging.

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