Markets

The World Bank’s New Caribbean Chief

 The World Bank has appointed Tahseen Sayed Khan as its new Country Director for the Caribbean. She will be responsible for maintaining a “solid partnership” with the countries to address their development and financial challenges, the organization said in a …

Jamaica Eyes Stronger Growth

 After years of flat growth, Jamaica is projecting a stronger economy in the medium term. The country projects average real GDP growth of 2.6 percent over the next four years, according to a policy paper tabled by Jamaica Minister of …

Guyana Belize

Guyana, Belize Sign Trade and Investment Agreement

 A pair of CARICOM countries has signed a landmark new economic agreement. Belize and Guyana have signed a new trade and investment agreement, with both sides hoping the pact can open new areas of funding and marketing for local producers. …

LATEST NEWS

Curacao Internet Development

 Major Internet society to hold third peering form in the Caribbean By Gerard Best CJ Contributor WILLEMSTAD, Curaçao—The third Caribbean Peering and Interconnection Forum will be on June 7, 2017 and the Internet community is already looking forward to it. …

refinery aruba

 A major Caribbean oil refinery is set to reopen. CITGO Aruba and the Aruban government have executed a commercial agreement that will reopen one of the Caribbean’s largest oil refineries in San Nicolas, Aruba. The signing ceremony for the agreement …

 Another Caribbean island will soon be without a personal income tax. Antigua and Barbuda will be abolishing its personal income tax beginning in April, the government announced this week. The personal income tax, which had been introduced in 2004, had …

 By Dana NilandCJ Contributor The Caribbean Tourism Organization (CTO) and the Caribbean Hotel and Tourism Association (CHTA) are launching the first Caribbean Tourism and Hospitality Investment Guide targeted at international investors. The publication exhibits a wide range of investment opportunities …

 Quantifying the impact of cruise tourism By the Caribbean Journal staff How much does cruise tourism impact the Caribbean economy? Something in the amount of $3.16 billion, according to Business Research and Economic Advisors, which launched its analysis of spending …

 By Dana NilandCJ Contributor Caribbean nations must strengthen their Internet infrastructure in order to take full advantage of the global digital economy. This was the message was expressed by Mark Vanterpool, Vice President of Caribbean Telecommunications Union (CTU), at the …

 A major lawsuit By the Caribbean Journal staff The US Virgin Islands government is suing the Hess Corporation for shuttering the HOVENSA refinery in 2012, Governor Kenneth Mapp announced Monday. According to a complaint filed in Superior Court, the USVI is …

 A major force in the region By the Caribbean Journal staff Colombia’s agribusiness sector is playing a key role in the growth of the country’s economy. With $192 million in exports to over 127 countries, the industry generates about 6.2 …

 IMF says GDP growth quickening By the Caribbean Journal staff Grenada’s economy is on the rise. The country’s GDP growth forecast has been revised upward significantly by the IMF, following the organization’s latest visit to the country. While Grenada had …

 Positive signs for Jamaican economy By the Caribbean Journal staff Jamaica’s economy is showing some positive signs, according to the International Monetary Fund, which recently concluded a mission to the country. “A gradual economic recovery is underway.” said IMF Mission …

 The port of Cartagena By the Caribbean Journal staff One of the region’s busiest ports is getting an upgrade. APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A (Compas) have signed a joint venture agreement to jointly …

 A major financing program By the Caribbean Journal staff Jamaica is getting a $130 million loan from the Inter-American Development Bank, the organization announced. The loan aims to strengthen Jamaica’s structural program for economic growth. “The Jamaican government has been …

 Significant growth in 2015 By the Caribbean Journal staff When the government of Prime Minister Gaston Browne came to power in June 2014, there was one overriding goal: to make Antigua and Barbuda and economic power house. So far in …

 After two slow years, signs of life By Dana NilandCJ contributor The International Monetary Fund (IMF) is projecting positive GDP growth for Barbados this year as a result of increased tourism arrivals and accelerated growth in key markets. After a …

 Above: Barbados (CJ Photo) By the Caribbean Journal staff What’s the most competitive tourism economy in the Caribbean? It’s Barbados, according to the latest edition of the World Economic Forum’s Travel and Tourism Competitiveness report. The report, which covers 141 …