Markets

Bloomberg Hosts Jamaica Trade Forum

By: Caribbean Journal Staff - October 6, 2011

By the Caribbean Journal staff

Jamaican political and business leaders recently took center stage at a trade and investment forum at Bloomberg’s international headquarters in New York City, in an event coordinated by Dr Geneive Brown Metzger, Jamaica’s Consul General to New York.

Minister of Finance Audley Shaw and Industry Minister Dr Christopher Tufton discussed Jamaica’s debt restructuring, the sale of loss-making assets and efforts to attract foreign direct investment.

“Jamaica is open for business,” Tufton said, despite the announcement that the Prime Minister would be stepping down. “It is a natural part of the democratic process and it is important for all concerned to recognizes that it is business as usual.”

In a discussion of public debt, Shaw said Greece should follow Jamaica’s lead and restructure its national debt.

“Start with the debt exchange,” he said. “We had to do it because we had no other alternative.”

Shaw said he predicted that the economy would expand more than 2.5 percent in the 2011/2012 fiscal year.

Popular Posts the sexiest beaches including this resort at atlantis

The Sexiest Beaches in the Caribbean to Visit Right Now 

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party.  There are so many things that […]


The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

verandah antigua

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]


A Low-Key, Lovely Adults-Only Beach Resort in Aruba

aruba beach resort adults-only

When Aruba’s Bucuti & Tara Beach Resort opened in 1987, it made sense for the hotel’s restaurant to be built in the shape of a boat shipwrecked on the sand: while Eagle Beach didn’t exactly resemble a desert island back […]


Related Posts jamaica photo caribbean black river

Caribbean Photo of the Week: Black River, Jamaica

The latest Caribbean Photo comes from Caribbean Journal reader Lloyd Linton, who sent in this lovely shot of the Black River in Jamaica. Have you taken a great photo in the Caribbean? Send it to news@caribjournal.com with CPOTW in the subject […]


Jamaica Is Hosting Another Tourism “Resilience” Conference 

jamaica minister speaking to delegates ahead of conference

Jamaica has been working to position itself as a global center for the study and practice of tourism “resilience.” That included the creation of the first global tourism resilience center and, last year in Kingston, the first-ever Global Tourism Resilience […]


The 10 Best Jamaica Resorts to Visit in 2024, From Montego Bay to Treasure Beach

best jamaica resorts

What do you think of when you think of Jamaica? Dynamic culture, rich history, intoxicating music, vibrant food — for starters. That is all true. But Jamaica is also home to a very layered, diverse hospitality product, where hotels and resorts […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You