international monetary fund

The State of Aruba’s Economy
All-Inclusive

St. Maarten Has an All-Inclusive Beach Club — No Resort Required

 st maarten all-inclusive beach bar

On St. Maarten, the beach bar is usually a pay-as-you-go affair — a chair, a bucket of beers, maybe a grilled fish sandwich when the mood strikes. Big Bastard’s quietly turns that familiar rhythm on its head. Right on the sand in Simpson Bay, the irreverently named beach club has introduced something you almost never […]

international monetary fund

St Vincent and the Grenadines to Receive $6.4M IMF Disbursement

Above: St Vincent (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $6.4 million disbursement to St Vincent and the Grenadines, the organization announced Friday. The funding will be drawn from a Rapid Credit Facility and a Rapid Financing Instrument; it will go toward helping the country meet […]

international monetary fund

IMF: Haiti on Track For 3 to 4 Percent GDP Growth in 2014

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Preliminary data suggests that economic activity in Haiti has advanced in line with projections, the International Monetary Fund said this week following its staff visit to the country. Data from the first half of the 2014 fiscal year point to a pace of between 3 and […]

international monetary fund

Jamaica Finance Minister Peter Phillips to Visit United States, Europe

Above: Jamaica Finance Minister Peter Phillips (left) and Bank of Jamaica Governor Brian Wynter (right) will both be on the trip By the Caribbean Journal staff Jamaica Finance Minister Dr Peter Phillips will be heading to Europe and the United States next month for a series of meetings with financial institutions. Jamaica’s Cabinet has approved […]

IMF: Haiti on Track For 3 to 4 Percent GDP Growth in 2014

Above: Antigua (CJ Photo) By the Caribbean Journal staff Following the successful completion of its Stand-By Arrangement with the International Monetary Fund, Antigua has no plans to reengage with the IMF, according to Finance Minister Harold Lovell. Antigua will maintain a relationship with the fund, he said, under a post-programme monitoring framework. The country officially […]

Trinidad Energy Ministry, International Monetary Fund Hold Talks

 Above: the meeting in Port of Spain By the Caribbean Journal staff Trinidad and Tobago Energy Minister Sen. Kevin Ramnarine held discussions Monday with officials from the International Monetary Fund as part of the organization’s Article IV Consultation. The aim of the meeting was to inform the IMF of recent developments in Trinidad’s energy sector, […]

First IMF Funds on Way to Jamaica

 Above: Kingston (CJ Photo) By the Caribbean Journal staff The first tranche of $207 million under Jamaica’s agreement with the International Monetary Fund was slated to be deposited into Jamaica’s account on Friday. Confirmation of the funding was revealed by Jamaica Prime Minister Portia Simpson Miller in a post-budget press conference on Friday. Of that […]

Dennis Chung: Jamaica's Survival Under the International Monetary Fund

 By Dennis Chung CJ Contributor AT THE END of December 2012, when it became clear no International Monetary Fund (IMF) deal was coming, I wrote an article titled “Jamaica without the IMF,” as I felt that it was important to think about Jamaica’s options. This was because not having a deal by the end of […]

IMF: Tourism, Construction to Drive Stronger Growth in Bahamas

 Above: construction at the Baha Mar project (CJ Photo) By the Caribbean Journal staff The Bahamas’ economy grew by 2.5 percent in 2012, with stronger growth ahead, according to the International Monetary Fund. The fund, which recently concluded its Article IV consultation with the country, said its outlook foresees stronger growth but a weaker debt […]

IMF: Haiti, Suriname, Dominican Republic Boast Top Regional Growth

 By the Caribbean Journal staff Haiti, Suriname and the Dominican Republic will post the Caribbean’s highest GDP growth rates i 2012, according to quarterly projections released Monday in the International Monetary Fund’s World Economic Outlook. Haiti is projected to grow 4.5 percent this year, although that is lower than the 6 percent GDP growth rate […]

Dennis Chung: Jamaica Without the IMF

 By Dennis Chung CJ Contributor   AS I READ the Dec. 29, 2012 statement, issued by Jamaica’s Finance Minister concerning the status of the International Monetary Fund negotiations, I thought to myself that it is not clear when Jamaica is to expect an IMF agreement. I say this because both the Minister’s statement and the […]

Phillips: Jamaica and IMF Making Progress on Agreement

 Above: Jamaica Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff Jamaica and the International Monetary Fund are making progress on a long-awaited agreement between the two sides, according to Finance Minister Dr Peter Phillips. “We are at the point where we are sufficiently advanced that we have started to discuss a draft […]