During this reporting period, the FIUTT’s strategic priorities were further actualised, with the approval of the Ministry of Finance. Strategic priorities included, procurement for the digitisation of the Compliance and Outreach Division business operations from registration to enforcement; the refresh of the data centre; the upgrade to the security framework; data analytics software engagement; and initial scoping of virtual asset service providers (VASPs) software and training.”

For Latin America and the Caribbean, growth is projected to decline from 2.4 percent in 2024 to 2.2 percent in 2025. This decline is largely due to a revision in Mexico’s growth by 1.7 percent for 2025, reflecting weaker-than-expected activity in late 2024 and early 2025, as well as the impact of the US tariffs, related uncertainty and geopolitical rigidities and a tightening of financing conditions. In Advanced Economies, the IMF has projected growth of 1.5 percent in 2025 from 1.8 percent in 2024. For the Euro Zone, growth is projected to marginally increase to 1.0 percent in 2025, from 0.9 percent in 2024. Following a marked slowdown in 2024, growth in Emerging and Developing Asia is expected to decelerate further to 5.1 percent in 2025 from 5.3 percent in 2024, as within this region, the Association of Southeast Asian Nations (ASEAN) countries have been among the most affected by the April tariffs.

Earlier today, (Monday 15th December, 2025), Minister of Finance, the Honourable Davendranath Tancoo travelled to Panama City, Panama to attend both the Board of Directors and the XLVI Audit Committee (CAU) Meetings hosted by CAF – Development Bank of Latin America and the Caribbean in Panama City, Panama scheduled from 15th -16th December, 2025.
The CLXXXVII Board of Directors Meeting will take place on December 16th 2025 to review and approve the Program of Activities and Budget for 2026, along with the authorisation of credit operations. The agenda includes decisions on the allocation of shares, specifically Series “C” shares for Haiti and Saint Kitts and Nevis. Additionally, it will also include the confirmation of Barbados’ compliance with the conditions to transition to a full member country, joining Trinidad and Tobago as the only other CAF full member from CARICOM.

His Excellency, Diomedes Carles also took the opportunity to extend an invitation to Minister Tancoo requesting his attendance at the International Economic Forum -Latin America and the Caribbean 2026, which is scheduled from January 28^th – 29^th 2026 in Panama City, Panama, where both His Excellency, Jose Raul Mulino Quintero, President of the Republic of Panama and His Excellency, Luiz Inacio Lula Da Silva, President of the Federative Republic of Brazil are expected to deliver remarks.

The event will be jointly hosted by the Government of the Republic of Panama and CAF- Development Bank of Latin America and the Caribbean. Accompanying the Panamanian Ambassador at this morning’s meeting was Ms. Indra Peralta, Third Secretary of the Diplomatic and Consular.

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