#TurksandCaicos, May 2, 2024 – For the fourth consecutive year, Scotiabank Turks & Caicos has secured the ‘Best Bank’ award from renowned North American finance magazine, Global Finance.

The award celebrates banks that demonstrate strength of strategy for attracting and servicing digital customers, success in onboarding clients to use digital offerings, growth of digital customers, breadth of product offerings, evidence of tangible benefits gained from digital initiatives, and website and mobile app design and functionality.

Dr. Suzan Snaggs-Wilson, Managing Director for Scotiabank Turks & Caicos said the bank continues to make significant investments in its digital infrastructure to satisfy its customers’ needs. She further lauded her team’s commitment to the bank’s digital transformation, noting that their encouragement among customers solidified the strong adaptation witnessed.

“At Scotiabank, we remain committed to proactively assessing and working to meet the needs of our customers through accessible and easy-to-use banking solutions that enhance their experience. This award underscores our strategic commitment to advancing accessibility and convenience across our services, and we take great pride in being honored with the esteemed Best Bank award for the fourth time running,” she said.

Dr. Snaggs-Wilson also highlighted the Bank’s convenient and customer-focused approach to banking positively impacted its client interactions and satisfaction.

The annual World’s Best Bank award selects the top performers among banks and other providers of financial services and has become a trusted standard of excellence for the global financial community. The magazine recognized 28 banks in Latin America and the Caribbean in this year’s 31st announcement.

Scotiabank Turks & Caicos joins its regional counterparts in Barbados, Jamaica, Trinidad & Tobago, and The Bahamas, in receiving the award.

Providenciales, Turks and Caicos Islands – May 2nd, 2024 – Invest Turks and Caicos Islands (InvestTCI), proudly participated as a platinum sponsor at the Prestigious Caribbean Hotel and Resort Investment Summit, held from April 22nd to 23rd, 2024 at the Loews Coral Gables Hotel in Miami, Florida.

CHRIS is highly regarded as the leading and most noteworthy hotel investment conference for the Caribbean, offering unparalleled networking opportunities and a comprehensive lineup of sessions led by esteemed hotel and financial industry experts. This year, the summit offered invaluable insights into the performance of the Caribbean tourism industry, highlighting its remarkable resilience as it surpassed pre-pandemic growth levels and outperformed the Americas.

More than 400 delegates attended representing over 30 countries, including investors, industry leaders, government tourism officials, and media representatives. Among the notable brands present were Playa Hotels & Resorts, Wyndham Hotels & Resorts, Marriott International, Sandals Resorts International, IHG Hotels and Resorts, and Club Med.

At the summit, CEO, Mrs. Angela Musgrove delivered a compelling presentation on “Opportunities in the Turks and Caicos Islands,” with a focus on the family islands and their unique offerings. CEO Musgrove’s presentation highlighted that outside of Providenciales, there is a world of untapped opportunities that lay in the unspoiled, picturesque islands of Grand Turk, North Caicos, Middle Caicos, and Salt Cay – the Turks & Caicos’ “family islands”.

Noting that these islands are a collection of ecological magnificence waiting to be transformed, she introduced the audience to the lesser-known side of Turks & Caicos Islands and some of the magnificently tourism-zoned areas that are prime for substantial development. She also highlighted the Turks and Caicos Island’s comparative strengths and reasons to invest, positioning the country as an attractive destination for investment in the Caribbean region.

CEO Musgrove underscored that “Invest Turks and Caicos is diligently pursuing development opportunities for the islands beyond Providenciales. The agency acknowledges the importance of fostering more balanced growth and equitable opportunities across our entire island chain. This strategic focus reflects our commitment to promoting inclusive economic development and maximizing the potential of all islands within the Turks and Caicos Islands.”

Accompanying CEO Musgrove were Senior Vice President of Investor Services, Mr. Keno Forbes, and Marketing Support Officer, Mr. Hezron Henry. Mr. Forbes remarked, “CHRIS provides a unique platform to showcase the immense investment potential of the Turks and Caicos Islands to a global audience of industry stakeholders. We are excited to engage with investors and highlight the diverse opportunities available in our thriving market.”

As the premier investment promotion agency of the Turks and Caicos Islands, Invest Turks and Caicos Islands remains committed to facilitating sustainable investments and economic growth in the country through strategic collaborations and transparent practices.

Rashaed Esson

Staff Writer 

May 2, 2024 – The Latin America and Caribbean region is projected to see slower economic growth for 2024, according to the International Monetary Fund (IMF) in a report published on April 19.

Growth, the organization says, is expected to slow to 2 percent down from 2.3 percent compared to 2023 and this is due to weaker external environments, specifically the trade side, as well as the effects of strict policies put in place to tame inflation, which are still in the process of solidifying.

This may come across as bad news but Rodrigo Valdes, Director Western Hemisphere Department IMF Moderator, in a video press briefing assured that it isn’t.

“We see risk around this baseline projection as broadly balanced. This is not, as we saw this in the past, this is good news, and this reflects basically more balanced global risks,” he maintained.

Considering all of this, Valdes expressed that the region has shown great resilience over the past few years since the pandemic rebound, which he says has been “stronger than expected.”

Valdes spoke to labor markets being in good standing as well as unemployment which remains at historical Lows.

In continuation, he says  inflation is receding throughout the region and is expected to contour to fall for the rest of the year. Rodrigo Valdes further expressed this is thanks to timely action by regional central banks and of the global disinflation trends.

“Risks to inflation have also become more balanced than in the past although it’s still [tilde] to be more persistent or higher than these expectations that it’s going down,” he added.