Caribbean tourism reaches its summer peak while the Dominican Republic demonstrates resilient recovery, and ExxonMobil advances Guyana’s Liza Phase 1 toward the historic first oil milestone.

One month after the Brexit vote, Caribbean markets are absorbing the sterling weakness and BOT constitutional uncertainty. ExxonMobil’s Payara discovery in Guyana adds another layer of excitement to the emerging oil economy. Caribbean summer tourism continues to perform strongly despite the global political turbulence.

Two landmark events fell within our June coverage period: the UK voted Leave on 23 June, sending shockwaves through Caribbean British Overseas Territories and sterling-funded buyer markets; and ExxonMobil announced the Liza Phase 1 Final Investment Decision on 29 June, a transformative moment for Guyana and the broader Caribbean investment landscape.

ExxonMobil’s announcement of a world-class oil discovery at the Liza-1 well on the Guyana Stabroek Block on 20 May 2015 has electrified the Caribbean investment community. This edition covers the most transformative energy event in the region’s modern history and its far-reaching property market implications.

Caribbean investment momentum deepens as the region enters its peak summer season. Guyana’s Stabroek Block drilling programme approaches a critical juncture, Jamaica’s IMF programme continues to yield results, and tourism data points to a record year across the archipelago.