As part of an initiative to promote exports of local products, Economic Development Bank President Joey Cancel-Planas announced Wednesday the signing of a partnership with Scotiabank Puerto Rico to spur international transactions.
Visa Inc. released its annual global Commercial Consumption Expenditure index, which estimates that commercial spending — including small, medium, large and governments — in Latin America and the Caribbean reached $7.8 trillion dollars in 2011.
Caribbean islands are aggressively courting new tourism markets as restrictive U.K. airline taxes and hard times in the United States keep thousands of potential British and American visitors at home.