Markets

In Nicaragua, Looking at the Future of Sustainable Tourism in the Caribbean

IFC Investment to Help Develop Green Energy in Dominican Republic, Haiti

Above: Haiti (CJ Photo) By the Caribbean Journal staff The IFC, a member of the World Bank Group, along with its African, Latin American and Caribbean Fund, have announced a $100 million equity investment to help InterEnergy Holdings develop cleaner …

OAS Reports 85 Percent Voter Turnout in Grenada Elections

Above: Grenada (CJ Photo) By the Caribbean Journal staff Approximately 85 percent of voters turned out for Grenada’s elections Tuesday, which were swept by the New National Party, according to the Organization of American States. The OAS electoral observation mission …

Can Haiti Jumpstart CARICOM?

Above: Port-au-Prince (CJ Photo) By Alexander Britell PORT-AU-PRINCE — At the end of last month, former Jamaican Prime Minister PJ Patterson told a meeting of the Rotary Club in Georgetown, Guyana that CARICOM was on life support. The Caribbean must …

Delta Airlines Ending Service to Guyana, Citing “Poor Demand”

Above: a Delta flight By Alexander Britell Delta Airlines will be ending its service to Guyana, the company confirmed to Caribbean Journal. Delta spokesman Anthony Black said the company “will end or suspend indefinitely service beginning May 6.” “It’s basically …

Jamaica to Privatize Management at Kingston’s Norman Manley Airport

Above: Norman Manley International Airport By the Caribbean Journal staff Jamaica’s government is planning to privatize management at the Norman Manley International Airport in Kingston by 2014, Transport Minister Omar Davies announced. The move will be implemented through a public-private …

Honduras to Receive $17.2 Million IDB Loan for Highway Project

Above: Puerto Cortes By the Caribbean Journal staff The Inter-American Development Bank has approved a $17.2 million loan to widen and improve the principal highway in Honduras, it announced. The loan will complement a $30 million loan approved by the …

Haiti’s Martelly Urges Caribbean on Climate Change, Integration

Above: Haiti President Michel Martelly (CJ Photo) By Alexander Britell PORT-AU-PRINCE — Haiti President Michel Martelly addressed the CARICOM Heads of Government summit Monday, calling for unified action on issues including climate change and free movement within the region. Martelly, …

Hylton Urges Jamaican Businesses to Support Logistics Hub Project

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaican Industry Minister Anthony Hylton is calling on the local business sector to support the government’s proposed transshipment and logistics hub project. Hylton, who was speaking this weekend at the Jamaica …

UN’s Nigel Fisher Suggests Haiti “Not Yet” Open for Business

Above: Nigel Fisher (UN Photo) By the Caribbean Journal staff Nigel Fisher, the new chief of the UN’s peacekeeping mission in Haiti, made his first public appearance since succeeding Mariano Fernandez Friday, calling for Haiti to move forward on long-delayed …

Haiti Readies to Host CARICOM Summit for First Time

Above: the Karibe Hotel in Haiti By the Caribbean Journal staff Haiti will be hosting the 24th Intersessional Meeting of the Heads of Government of CARICOM starting Monday in Port-au-Prince. The two-day summit will be the first time the Heads …

Barbados Cabinet Approves Cultural Industries Development Bill

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados’ Cabinet has approved the Cultural Industries Development, Culture Minister Stephen Lashley said Wednesday. In a government release, Lashley said the bill was a “forward-looking piece of legislation that will position …

Standard & Poor’s, Fitch Downgrade Jamaica Credit Rating

Above: Kingston (CJ Photo) By the Caribbean Journal staff Standard & Poor’s and Fitch have each downgraded Jamaica’s sovereign credit rating following the country’s announcement of a debt exchange offer on Monday night. The moves came after Jamaica announced a …

IMF: Tourism, Construction to Drive Stronger Growth in Bahamas

Above: construction at the Baha Mar project (CJ Photo) By the Caribbean Journal staff The Bahamas’ economy grew by 2.5 percent in 2012, with stronger growth ahead, according to the International Monetary Fund. The fund, which recently concluded its Article …

Christophe Harbour, Apex Capital Partners to Develop Ocean Grove Project in St Kitts

Above: a rendering of the Ocean Grove project By the Caribbean Journal staff St Kitts’ Christophe Harbour luxury development continues to grow. The latest project is the Ocean Grove residential development, the product of a joint venture agreement between the …

CSHAE Elects Leadership for 2013-14

Above: the Atlantis Resort By the Caribbean Journal staff The Caribbean Society of Hotel Association Executives recently elected its new officers for the 2013-2014 term. The elections took place at the organization’s Annual General Meeting ahead of the Caribbean Travel …

Jamaica “Finalizing” IMF Agreement, Plans Debt Exchange Offer

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is now “finalizing” a new agreement with the International Monetary Fund, along with a debt exchange offer to be made Tuesday, Prime Minister Portia Simpson Miller said in a national …

Bahamas, Canada Talk Aviation

Above: Canadian Ambassador Robert Ready and Bahamian Foreign Minister Fred Mitchell By the Caribbean Journal staff Bahamian Foreign Minister Fred Mitchell met with new Canadian Ambassador Robert Ready in Nassau Friday to accept the latter’s credentials. The two sides discussed …

EU Approves $25M for Banana Producers in French Overseas Departments

Above: a banana plant (CJ Photo) By the Caribbean Journal staff The European Union has approved a one-off payment of up to $25 million for banana growers in French overseas departments including Martinique and Guadeloupe. The funding is part of …