Search Result for: macroeconomic

90 results found.

Grenada Announces Appointment of New Macroeconomic Advisor

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada has announced the appointment of A. Michael Batiste as the country’s new Macroeconomic Advisor. Baptiste will be based in the Ministry of Finance and Energy, according to a government release. […]

Jamaica’s Competitiveness Challenges

More on Jamaica’s economic issues By Dennis Chung CJ Contributor Last week, I ended by speaking on the point that if we are to see true economic and social development in Jamaica, this can only come through increasing our competitiveness […]

Jamaica’s Growth: Same Problems, Same Solutions

On Jamaican growth By Dennis Chung CJ Contributor The World Economic Forum has just published the 2016/17 Global Competitiveness Report (GCR), and it shows that Jamaica has improved its ranking from 86 of 140 countries to 75 of 138 countries. […]

What Are Jamaica’s Development Goals?

By Dennis Chung CJ Contributor Last year I had set a goal to ride 7,500 miles on the bicycle, which I achieved. Discussing it with another cyclist, I was asked if that was my ultimate objective and if I would […]

How to Create Prosperity in Jamaica

By Dennis Chung CJ Contributor In order to secure power (spillover from the colonial system), both political parties in Jamaica, when they formed government, set about creating institutional loyalties, using the state bodies and security forces to cement their hold […]

What’s Next for Jamaica’s Economy

Looking ahead By Dennis Chung CJ Contributor In 1961, when Jamaica voted by referendum to withdraw from the West Indies Federation, Dr Eric Williams, then Premier of Trinidad and Tobago, said “one from ten leaves nought”. This statement can be […]

Why Jamaica Can Regain Its Place As the Powerhouse of the Caribbean

A turning point By Dennis Chung CJ Contributor As was expected, 2015 was a turning point for the economy and the fiscal accounts. In 2015 the Jamaican economy started to see the benefits of the economic reform programme (ERP) and […]

Turks and Caicos Projecting Strong GDP Growth

By Dana Niland CJ Contributor The Turks and Caicos Islands is projected to have some of the region’s highest GDP growth in the coming years, according to data from its Strategic Policy and Planning Department. Future projections suggest that economic […]

What Jamaica Needs for Sustainable Growth

A recipe for sustainable expansion By Dennis Chung CJ Contributor The Planning Institute of Jamaica has reported good news that the economy is estimated to have grown by 1.5 per cent for the July to September 2015 quarter. Of note […]

Why Has Growth Been So Elusive for Jamaica?

Jamaica’s growth problem By Dennis Chung CJ Contributor SINCE the early 1970s, Jamaica has suffered from an anaemic growth rate of less than one per cent per annum. This despite many prescriptions and attempts by various governments, and promises by […]

How Can Haiti’s Growth Improve?

How can Haiti grow — and grow in a different way? By Dana Niland CJ Contributor A new report from the World Bank Group has outlined key opportunities and constraints to faster sustainable and inclusive growth in Haiti. The report cites the […]

Why It’s Time for Jamaica’s Economic Independence

A new kind of independence? By Dennis Chung CJ Contributor ON August 6, 1962, Jamaica gained political independence, and many people watched the Jamaican flag raised while the Union Jack was lowered for the last time. This symbolised Jamaica’s new-found […]

Barbados Economy Showing Growth

After two slow years, signs of life By Dana Niland CJ 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 […]

Could the “Singapore Experience” Have Happened in Trinidad?

Above: Port of Spain (CJ Photo) By Paul Hay CJ Contributor Lee Kuan Yew, Singapore’s first Prime Minister, died on 23 March 2015; and on 29 March 2015, the Straits Times published an article titled “The Singapore That Lee Kuan […]

St Kitts, IMF Hold Talks in Basseterre

Above: the talks in Basseterre By the Caribbean Journal staff St Kitts and Nevis Prime Minister Dr Timothy Harris met Tuesday with a delegation from the International Monetary Fund. According to a government statement, the purpose of the meeting was […]

Natural Resources and Economic Policy in the Greater Caribbean

By Alberto Duran and Noemi Areli Sanchez Op-Ed Contributors As part of the regulatory function, the State, through its economic policy, directly influences the economic growth of a country. The discussion on the effects of that policy focuses generally on […]

Jamaica’s Prospects in 2015

By Dennis Chung CJ Contributor AS we come to the end of 2014, it is traditional for us to think about what will happen in the New Year. Apart from tradition, however, the end of a year is always used […]

Productivity in Jamaica

By Dennis Chung CJ Contributor JAMAICA SEEMS set to pass the sixth International Monetary Fund (IMF) test, underlining the fact that we have, no doubt, been making progress in establishing the framework on which development must take place. I say this […]

Overcoming Poverty in Jamaica

By Dennis Chung CJ Contributor ACCORDING to the recently released 2012 Survey of Living Conditions (SLC), Jamaica has recorded an increase in poverty levels between 2009 and 2012. “The all-Jamaica individual poverty prevalence increased by 2.3 percentage points relative to […]

Statistics, Geography and Development in the Caribbean Region

By George Nicholson and Nayaatha Taitt Op-Ed Contributors Lifting persons in developing countries out of poverty and improving the stance of the country itself has long been a challenge faced by governments, with the Greater Caribbean being no exception. While […]

How Much Can Jamaica Grow?

By Dennis Chung CJ Contributor THE PLANNING Institute of Jamaica (PIOJ) is targeting real GDP growth of three percent in the fiscal year 2015/16. This is against the previously targeted 1.5 to two percent, under the current IMF agreement. I have […]

Ranking Caribbean Countries on Competitiveness: Report

Above: Puerto Rico (CJ Photo) By the Caribbean Journal staff What are the most competitive economies in the Caribbean? The World Economic Forum has released its annual Global Competitiveness Report, including results for a number of Caribbean countries. The report […]

Social Justice and Economic Development in Jamaica

By Dennis Chung CJ Contributor EVERYONE should know by now that I believe Jamaica’s economic programme is being managed properly, as the fiscal and legislative adjustments being made are definitely the right option for creating a positive environment for economic […]

Grenada Receives $10 Million Loan From Caribbean Development Bank

Above: Grenada (CJ Photo) By the Caribbean Journal staff The Caribbean Development Bank’s board of directors has approved a $10 million policy-based loan for Grenada. The loan will support the Grenadian government’s “reform priorities,” according to the CDB. The loan […]

Trinidad and Tobago Economy “Embarking on Sustainable Growth Path”

Above: Port of Spain, Trinidad (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago’s economy is “embarking on a sustainable growth path,” the International Monetary Fund said following its Article IV Consultation with the country earlier this week. The […]

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 […]

Time For Caribbean Region to “Attack” High Energy Costs

Above: geothermal work in Dominica (Caribbean Journal photo) By the Caribbean Journal staff It’s time for a frontal “attack” on high energy costs in the Caribbean region, according to Dr Warren Smith, president of the Caribbean Development Bank. Smith, who […]

A Cyclist’s View of Jamaica

By Dennis Chung CJ Contributor ONE of the things I have learned from my teachers is that before you attempt to write (or say) something, in other words pass judgment, it is very important to observe and think about what […]

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