News

Antigua Hosting World Bank Team

By: Caribbean Journal Staff - May 1, 2012 - 3:48 pm

By the Caribbean Journal staff

Antigua’s Ministry of Finance is hosting a team from the World Bank this week to review the suitability of the so-called “4-3-2 Framework” for Antigua and Barbuda.

The framework, which was jointly developed by the IMF and the World Bank at the request of CARICOM, aims to present a set of solutions to address the chronic problem of high and unsustainable debt in the Caribbean region.

The “4-3-2” moniker comes from its four pillars, three instruments and two stages.

The four pillars include the enhancement of private-sector growth, improving fiscal balance, mitigating the impact of natural disasters and other external shock and restructuring debt portfolios.

The three instruments include buy-back operations, debt-debt swap and debt-equity swap, completed in two stages.

The World Bank delegation concludes its visit Wednesday.

Antigua is the second nation in the Eastern Caribbean Currency Union to undergo the review, following Grenada.

The International Monetary Fund recently said Antigua was making “notable progress” in a number of areas.

Popular Posts antigua long bay

25 Perfect Caribbean Beaches to Add to Your Summer Bucket List

There’s nothing like a Caribbean beach in summer. The crowds thin out, the winds relax, and the islands start breathing in a different way. The beaches you thought you knew feel new again— stretches of sand once packed with winter […]


The 15 Best Hotels in Trinidad and Tobago, From Hidden Eco-Retreats to Luxury Towers

trinidad and tobago hotels where to stay

From Port of Spain to Tobago’s quiet coasts, these are the places to check in now No two Caribbean islands are quite like Trinidad and Tobago—and no two hotels here feel the same. This is a destination of contrast: Carnival […]


This Marriott All-Inclusive Resort Is Coming to Barbados —  And You Can Book It With Points

new brand for the caribbean

Barbados has long been a haven for adults in search of refinement — the kind of place where luxury and culture blend in quiet, confident harmony. Now, that ethos is becoming the foundation of a new resort concept that aims […]


Related Posts guyana caribbean airlines

American Airlines Launches New Nonstop Flights to Guyana

By the Caribbean Journal staff American Airlines is now serving the southern edge of the Caribbean. The carrier has officially launched new nonstop flights from Miami to Guyana on the northern coast of South America. The new flights, which began […]


From Barbados to Grenada, Sunwing’s Big All-Inclusive Expansion

all-inclusive barbados sunwing

By Dana Niland CJ Contributor Sunwing Travel Group is adding six Caribbean all-inclusive hotels to its ever-expanding regional portfolio. The company has formed a strategic alliance with hotel group Rex Resorts, according to which Sunwing will operate six of the […]


Caribbean Looks to Become World’s First Climate-Resilient Region

caribbean climate

By Dana Niland CJ Contributor As the Caribbean Community enters the new year, incoming CARICOM chairman and Haiti President Jovenel Moïse is moving to create the first climate resilient region in the world. He highlighted the rebuilding process after the […]