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Jamaica Getting $130 Million Loan to Help Stimulate Economic Growth
This is the Caribbean’s Fastest-Growing Economy in 2015
Significant growth in 2015 By the Caribbean Journal staff When the government of Prime Minister Gaston Browne came to power in June 2014, there was one overriding goal: to make Antigua and Barbuda and economic power house. So far in …
Barbados Economy Showing Growth
After two slow years, signs of life By Dana NilandCJ 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 a …
This is the Caribbean’s Most Competitive Tourism Economy
Above: Barbados (CJ Photo) By the Caribbean Journal staff What’s the most competitive tourism economy in the Caribbean? It’s Barbados, according to the latest edition of the World Economic Forum’s Travel and Tourism Competitiveness report. The report, which covers 141 …
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Aruba Tourism Is Booming
Above: Aruba By the Caribbean Journal staff Tourism to Aruba is booming so far in 2015, according to new data from the Caribbean Tourism Organization. The Dutch Caribbean island received 294,411 stopover tourist arrivals in the first quarter of 2015, …
Grenada: IMF Approves $2.9 Million Disbursement Following Review
Above: Grenada (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its first review of Grenada’s performance under a three-year programme supported by an Extended Credit Facility. The review’s completion means Grenada will now …
Haiti to Receive $70 Million Grant to Expand Caracol Industrial Park
Above: a power plant at the Caracol Industrial Park By the Caribbean Journal staff Haiti will be receiving $70 million in grant funding to expand its business facilities at the Caracol Industrial Park in the north of the country. The …
Sandals Expanding Grenada Operations
Above: Sandals and Grenadian officials this week By the Caribbean Journal staff Sandals is expanding its footprint in Grenada. The company announced Thursday the “imminent” establishment of a new sales and marketing centre for Sandals Resorts International and a new …
Is This Country a New Player in the Caribbean Cruise Sector?
Above: Guatemala’s Santo Tomas de Castilla Port By the Caribbean Journal staff Quietly, a new player has begun to emerge in the Caribbean cruise industry: Guatemala. The Central American country has received almost 220,000 cruise passengers in the last few …
Antigua and Barbuda, Caribbean Economic Powerhouse?
Above: St John’s Harbour in Antigua (CJ Photo) By Alexander Britell Can Antigua be the Caribbean’s version of Singapore? That’s the stated goal of the new government of Prime Minister Gaston Browne, whose Antigua and Barbuda Labour Party won the …
This Caribbean City Is Booming
Above: Cartagena’s historic centre (Caribbean Journal photo: KU) By Alexander Britell Santo Domingo. Havana. Kingston. Port-au-Prince. San Juan. These are the cities that are typically mentioned in conversations about the largest Caribbean cities. But there’s another city on the Caribbean …
St Kitts’ Hotel Development Boom
Above: construction at the Kittitian Hill project in St Kitts (CJ Photo) By Alexander Britell ST KITTS — This may be a relatively small island, but it seems hard to go anywhere here without seeing a new hotel or condominium …
9 Wind Farms in the Caribbean
Continuing our Earth Week coverage, we wanted to highlight some of the work being done across the Caribbean in the field of green energy. With the Dutch Caribbean leading the way, more and more wind farms are popping up all …
The Rebirth of Montserrat
Above: MDC CEO Ivan Browne at Caribbean Journal’s headquarters in Miami (CJ Photo) By Alexander Britell MIAMI — The Eastern Caribbean island of Montserrat is eyeing a renaissance. Almost 19 years after the volcano that devastated half the island and …
13 Potential Caribbean Tech Hubs
COULD a Caribbean city develop into a Silicon Beach? As the Caribbean seeks to develop, it will need to be creative — and part of that means both attracting creative people and companies to its shores and supporting creative people …
Caribbean Islands Commit to Branson-Led Green Energy Challenge
Above: Necker Island in the British Virgin Islands By the Caribbean Journal staff Seven countries and territories in the Caribbean have signed on to a regional challenge aimed at transitioning the Caribbean to green energy. The agreements were signed at …
Jamaica: IDB Approves $60 Million Loan to Improve “Competitiveness”
Above: Kingston (CJ Photo) By the Caribbean Journal staff The Inter-American Development Bank has approved a $60 million loan aimed at improving “competitiveness” in Jamaica, the bank announced last week. The loan will “promote tax and land titling reforms and …
Jamaica to Receive $80 Million IDB Loan for “Fiscal Sustainability”
Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica will be receiving an $80 million loan from the Inter-American Development Bank aimed at improving the “effectiveness and efficiency” of the country’s tax system. The loan will target “fiscal sustainability,” …
Moody’s Follows S&P, Downgrades Puerto Rico to Junk Status
Above: San Juan (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the general obligation of the Commonwealth of Puerto Rico to Ba2, or “junk” status, the New York-based firm announced Friday. The move follows a similar …
