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.