Search Result for: financial support
279 results found.
Jamaica: “Nothing Off the Table” with IMF
Above, from left: IMF Caribbean Regional Director, Luis Breuer; IMF Resident Representative, Dr Gene Leon, Financial Secretary Dr Wesley Hughes and Finance Minister Dr Peter Phillips (JIS Photo) By the Caribbean Journal staff Following the International Monetary Fund’s visit to […]
Interview with Turks and Caicos Chief Executive Officer Patrick Boyle
By Alexander Britell Turks and Caicos’ government has been moving forward on a plan to restore the territory to stability, most recently announcing the appointment of five new permanent secretaries who will develop five new government ministries: Border Control and […]
Joint IMF-EU Mission in Antigua
By the Caribbean Journal staff A joint delegation from the European Union and the International Monetary Fund is in Antigua examining its public sector financial management needs. In December, the EU approved a grant of just under $4 million which […]
IDB Approves $30 Million for Regional Green Energy Fund
Above: Jamaica’s Wigton wind farm By the Caribbean Journal staff The Inter-American Development bank has approved a $30 million loan to boost renewable energies and clean technologies in Latin America and the Caribbean. “This financing is part of the IDB’s […]
UK Begins Montserrat Budget Review
By the Caribbean Journal staff The United Kingdom’s Department for International Development has begun reviewing Montserrat’s annual budget projections for 2012/2013. The DFID is looking at whether Montserrat has met its obligations in cutting spending and looking for ways to […]
The Caribbean in 2012
What’s in store for the Caribbean in 2012? In our Year in Review, we looked at the big stories of 2011, from the continued influence of China to the growth of green energy in the region. To find out more […]
How Caribbean Health Impacts Caribbean Economies: Interview with the World Bank
Above: the American University of Antigua School of Nursing By Alexander Britell Last month, the World Bank released a report about the way the growing problem of non-communicable diseases in the Caribbean is affecting the region’s economies. Chronic illnesses like […]
IDB Loans Bahamas $50 Million for Air Transport Reform
Above: the new departures terminal at Lynden Pindling International Airport in Nassau By the Caribbean Journal staff The Inter-American Development Bank has approved a $50 million loan to the Bahamas to support an air transport reform programme. “The Bahamian economy […]
Trinidad Signs $130M IDB Loans
By the Caribbean Journal staff Trinidad has signed two loan agreements with the Inter-American Development Bank for a total of $130 million. The loans comprise $80 million in climate change support and $50 million aimed at strengthening the financial sector. […]
A Boost for Haitian Small Business
By the Caribbean Journal staff Small and medium enterprises in Haiti are getting a boost thanks to a joint programme between the International Finance Corporation and local institution Sogebank. The project involves reengineering Sogebank’s SME unit, improving its products and […]
Japan Grants $15 Million for Green Energy in Small Island States
Above: foreground, Naoko Ishii and Karl Hood By the Caribbean Journal staff The government of Japan has announced a $15 million grant to support clean energy efforts by Small Island States. The money targets the SIDS-DOCK partnership, an initiative launched […]
Holness Calls for Safe, Peaceful Election
By the Caribbean Journal staff Jamaican Prime Minister Andrew Holness has called for peaceful and incident-free elections, according to a statement. The announcement followed reports of the stoning of buses transporting supporters of the Jamaica Labour Party from its rally […]
Op-Ed: Mark Turnquest on Why the Bahamas Needs a Ministry of Commerce
Above: downtown Nassau (CJ Photo) By Mark A Turnquest Op-Ed Contributor MISSION OF THE MINISTRY OF COMMERCE My advice to the Bahamas’ Free National Movement government is to create a Ministry of Commerce without incurring any costs or expenses. Simply […]
Standard & Poor’s Lowers Barbados Outlook, Warns of Rising Downgrade Risk
Above: Parliament in Barbados By Alexander Britell Ratings firm Standard & Poor’s affirmed its BBB-/A-3 local and foreign currency sovereign credit ratings on Barbados this week, but lowered its outlook from stable to negative. “We base our ratings on Barbados […]
Talking Caribbean Small Business with the Inter-American Development Bank
By Alexander Britell The Inter-American Development Bank recently released a report containing the findings of a survey of 190 banks in the Latin America-Caribbean region. The bank wanted to gauge attitudes of commercial institutions in the area about small and […]
S&P Explains Bahamas Downgrade
Above: downtown Nassau (Photo: CJ) By Alexander Britell On Monday, ratings firm Standard & Poor’s announced it had lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, citing a heavier weight its new sovereign credit rating criteria places on […]
Anguilla Chamber of Commerce President Keithley Lake Talks Business
Above: the Viceroy Anguilla By Alexander Britell While Anguilla saw a wave of luxury resort development during the economic boom in the middle of the decade, like the rest of the Caribbean it was hurt by the economic downturn. Some […]
China-Caribbean: The Next Three Years
Trinidad Foreign Minister Dr Surujrattan Rambachan welcomes Chinese Vice Premier Wang Qishan to the Diplomatic Centre, St Ann’s, Trinidad (Photo: TGISL) By the Caribbean Journal staff The Chinese government announced six major measures aimed at enhanced cooperation between China and […]
World Bank Loans Jamaica $100M
By the Caribbean Journal staff The World Bank announced that its board of executive directors had approved a $100 million, 18.5-year loan to Jamaica. The loan will support a series of measures in the country aimed at enhancing fiscal and […]
Economist Dr Michael Witter on Debt, Globalisation and the Jamaican Economy
By Alexander Britell Dr Michael Witter is an economist and senior lecturer at the Sir Arthur Lewis Institute of Social and Economic Studies at the University of the West Indies Mona. He is also one of the Caribbean’s experts on […]
Digicel Group CEO Colm Delves on 4G, a Dynamic Haiti and Caribbean Integration
By Alexander Britell Colm Delves has been Digicel Group CEO since 2005, after joining the company as Group Chief Financial Officer in 2004. Delves has overseen a fourfold increase in the number of markets the company reaches, helping to bring […]
Barbados Sugar Plan Includes Ethanol
Following the completion of an EU-funded study of the Barbadian sugar industry, Agriculture Minister Dr David Estwick said there is every possibility the industry can be profitable, in part by diversifying its sugar product to include ethanol. Sugar officials from […]
IMF: St Kitts and Nevis Showing Recovery
Above: St Kitts viewed from Nevis (CJ Photo) By the Caribbean Journal staff The International Monetary Fund has approved a three-year Stand-By Arrangement for $84.5 million with St Kitts and Nevis, in a bid to support the federation’s economic program […]
Moody’s Gives Trinidad Stable Outlook
Above: Port of Spain, Trinidad Moody’s recently rated Trinidad and Tobago with a “Stable Outlook,” along with rating its government bonds at BAA1–Stable for foreign currency and BAA1 for local currency. According to a July credit analysis report, the country’s […]
Freundel Stuart: Barbados “Unequivocally Committed” to Caribbean Integration
Above: Barbados PM Freundel Stuart By the Caribbean Journal staff Barbados Prime Minister Freundel Stuart addressed the CARICOM Meeting of Heads of Government at its opening ceremony last night in Basseterre, St Kitts, telling assembled leaders that Barbados was committed […]
Hillary Clinton, in Montego Bay, “Heartened” by U.S.-Jamaica Relationship
Above: Clinton in Guatemala last week (State Department Photo) By the Caribbean Journal staff U.S. Secretary of State Hillary Clinton attended a high-level meeting between foreign ministers and CARICOM yesterday in Montego Bay, where she announced several new U.S. initiatives […]
Interview with Bahamas Tourism Minister Vincent Vanderpool-Wallace
The Hon. Vincent Vanderpool-Wallace is the Bahamas’ Minister of Tourism and Aviation. After a global financial crisis that hit the tourism industry, and the Caribbean, rather severely, Vanderpool Wallace has moved to bring the Bahamas’ integral tourism sector forward. He […]
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