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Markets

Markets

Bahamas' Caves Heights Condominium Project Launches Final Phase

Above: Cave Heights in the Bahamas By the Caribbean Journal staff The Caves Heights oceanfront condominium project in West Nassau has launched its final phase, the company announced. The project aims to complete construction by the first quarter of 2013. […]

Markets

Barbados Finance Minister: Moody's Downgrade "No Surprise"

Above: Parliament in Bridgetown (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service’s recent downgrade of Barbados’ debt to junk status was “no surprise” to the country’s Ministry of Finance, Minister Chris Sinckler said in a statement. Sinckler said […]

Markets

Barbados' Bonds Downgraded to "Junk" Status by Moody's

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados’ credit has been downgraded to “junk” status by Moody’s Investors Service. The downgrade lowered the country’s foreign and local currency bond ratings to Ba1 from Baa3. A junk bond, or one […]

Markets

St Lucia Sees Caribbean's Biggest Increase in Net Foreign Direct Investment

By the Caribbean Journal staff Net foreign direct investment in St Lucia has risen by 81.6 this year percent compared to 2011, the largest increase in the Caribbean this year, according to estimates from the United Nations Economic Commission for […]


Suriname Gets $40 Million IDB Loan to Improve Major Road Network

Above: Albina, Suriname, on the border with French Guiana By the Caribbean Journal staff Suriname will be receiving a $40 million loan to improve the country’s Meerzorg-Albina integration corridor, following approval by the Inter-American Development Bank. The road connects Suriname’s […]


Barbados PM: US-CARICOM Rum Issue "May Have to Reach the WTO"

Above: Barbados Prime Minister Freundel Stuart (CJ Photo) By the Caribbean Journal staff Barbados is actively working at the CARICOM and international levels to ensure that the country does not face unfair competition with its rum exports, according to Prime […]

Markets

Haiti to Post Caribbean's Fastest Growth in 2013, Jamaica Slowest: Report

Above: flooding in Haiti lowered the country’s GDP estimate for 2012, but it is projected to grow 6 percent in 2013 (UN Photo/Logan Abassi)   By the Caribbean Journal staff Haiti is projected to lead the Caribbean in GDP growth […]


CARICOM: "Serious Concerns" About Threat to Caribbean Rum in the US

Above: the St Nicholas Abbey rum company in Barbados (CJ Photo) By the Caribbean Journal staff The Caribbean Community is increasingly concerned about what it calls a “threat to the competitiveness of Caribbean rum in the United States” due to […]


S&P Lowers Credit Rating on Caribbean Development Bank; Outlook Negative

Above: Barbados, home to the CDB, is current on its obligations to the bank (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the long-term foreign currency credit rating on the Caribbean Development Bank to “AA” from […]

Markets

US Ambassador Urges Jamaica to Take Advantage of Caribbean Basin Initiative

Above: US Ambassador to Jamaica Pamela Bridgewater (Photo: ACC Mexico) By the Caribbean Journal staff Jamaica’s exporters can take fuller advantage of “extensive opportunity” available under the US-backed Caribbean Basin Initiative, according to US Ambassador to Jamaica Pamela Bridgewater. The […]


Jamaica Aiming to Generate 30 Percent of Energy from Renewables by 2030

Above: a Caribbean wind farm (CJ Photo) By the Caribbean Journal staff Jamaica is committed to diversifying its energy generation, and is aiming to generate 30 percent of its energy mix from renewables by 2030, according to State Minister for […]


IMF: Dominica Economic Recovery Continues, But Losing Momentum

Above: Roseau (CJ Photo) By the Caribbean Journal staff Dominica’s economic recovery is continues, but it is losing momentum, according to the International Monetary Fund, which last week concluded its 2012 Article IV Consultation with the country. “Over the past […]


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