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Markets

Grenada: IMF Approves $2.9 Million Disbursement Following Review

December 12, 2014 | 6:37 pm | 0 Comment

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Above: Grenada (CJ Photo) By the Caribbean Journal staff The International Monetary Fund's Executive Board has completed its first review of Grenada's performance under a three-year programme supported by an Extended Credit Facility. The review's completion means Grenada will now receive a disbursement of $2.9 million. "The Grenadian authorities are more...

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Haiti to Receive $70 Million Grant to Expand Caracol Industrial Park

December 12, 2014 | 6:21 pm | 0 Comment

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Above: a power plant at the Caracol Industrial Park By the Caribbean Journal staff Haiti will be receiving $70 million in grant funding to expand its business facilities at the Caracol Industrial Park in the north of the country. The funding is coming in the amount of $55 million from the Inter-American Development Bank, co-financed by the US government to the more...

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Sandals Expanding Grenada Operations

December 11, 2014 | 10:55 pm | 0 Comment

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Above: Sandals and Grenadian officials this week By the Caribbean Journal staff Sandals is expanding its footprint in Grenada. The company announced Thursday the "imminent" establishment of a new sales and marketing centre for Sandals Resorts International and a new conference centre on the island. The investment in both projects will total more than $1.6 more...

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Is This Country a New Player in the Caribbean Cruise Sector?

August 27, 2014 | 7:01 am | 0 Comment

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Above: Guatemala's Santo Tomas de Castilla Port By the Caribbean Journal staff Quietly, a new player has begun to emerge in the Caribbean cruise industry: Guatemala. The Central American country has received almost 220,000 cruise passengers in the last few years, focused at the country's Santo Tomas de Castilla Port on the Caribbean coast. The country is more...

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Antigua and Barbuda, Caribbean Economic Powerhouse?

August 16, 2014 | 4:05 pm | 0 Comment

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Above: St John's Harbour in Antigua (CJ Photo) By Alexander Britell Can Antigua be the Caribbean's version of Singapore? That's the stated goal of the new government of Prime Minister Gaston Browne, whose Antigua and Barbuda Labour Party won the country's mid-June elections. Antigua and Barbuda's government says its objective is to turn the country into an more...

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This Caribbean City Is Booming

July 28, 2014 | 7:01 am | 0 Comment

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Above: Cartagena's historic centre (Caribbean Journal photo: KU) By Alexander Britell Santo Domingo. Havana. Kingston. Port-au-Prince. San Juan. These are the cities that are typically mentioned in conversations about the largest Caribbean cities. But there's another city on the Caribbean Sea that's among the biggest in the region, one that has heretofore more...

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St Kitts’ Hotel Development Boom

July 9, 2014 | 7:01 am | 0 Comment

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Above: construction at the Kittitian Hill project in St Kitts (CJ Photo) By Alexander Britell ST KITTS — This may be a relatively small island, but it seems hard to go anywhere here without seeing a new hotel or condominium project popping up. That's because the Caribbean's smallest sovereign country is undergoing a hotel development boom. Indeed, the more...

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9 Wind Farms in the Caribbean

April 24, 2014 | 8:24 am | 0 Comment

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Continuing our Earth Week coverage, we wanted to highlight some of the work being done across the Caribbean in the field of green energy. With the Dutch Caribbean leading the way, more and more wind farms are popping up all over the Caribbean as part of a much-needed green energy push. Here is a list of some of the wind farms operating in the region more...

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The Rebirth of Montserrat

March 13, 2014 | 8:34 am | 0 Comment

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Above: MDC CEO Ivan Browne at Caribbean Journal's headquarters in Miami (CJ Photo) By Alexander Britell MIAMI — The Eastern Caribbean island of Montserrat is eyeing a renaissance. Almost 19 years after the volcano that devastated half the island and destroyed its capital city, Plymouth, the British Overseas Territory has big plans: a new capital, a new port and more...

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13 Potential Caribbean Tech Hubs

February 24, 2014 | 8:16 am | 0 Comment

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COULD a Caribbean city develop into a Silicon Beach? As the Caribbean seeks to develop, it will need to be creative — and part of that means both attracting creative people and companies to its shores and supporting creative people and companies at home. One way, we think, could be to cultivate a tech hub somewhere in the region. It wouldn't be easy, but when you more...

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