Search Result for: fiscal year

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IDB: Latin America and Caribbean on Right Path, but Not Immune to Turbulence

Above: IDB President Luis Alberto Moreno in Haiti (Photo: Catianne Tijerina) By the Caribbean Journal staff Latin America and the Caribbean are closing a year marked by economic gains, but the region is not immune to external shocks, according to […]

Regional Outlook: Preparing for the Worst, Hoping for the Best

By Hasan Tuluy Op-Ed Contributor Latin America and the Caribbean began 2011 on an economic high. After swiftly bouncing back from the 2008/2009 global crisis, the region grew at a record level in 2010 with some countries reaching East Asian […]

Interview with Turks and Caicos Chief Financial Officer Hugh McGarel-Groves

By Alexander Britell Turks and Caicos has embarked on a series of measures aimed at returning stability both to the country’s economy and the government’s financial position. Now, Chief Financial Officer Hugh McGarel-Groves is cautiously optimistic, predicting that the government’s […]

Interview with Turks and Caicos Islands Governor Damian Roderic Todd

By Alexander Britell In September, Damian Roderic “Ric” Todd was sworn in as the Governor of the Turks and Caicos Islands, succeeding Gordon Wetherell, who had served as governor since 2008. TCI, which saw its self-government suspended by the British […]

IMF: St Kitts and Nevis Met Performance Targets, Despite Weak Growth

Above: Charlestown, Nevis (Photo: CJ) By the Caribbean Journal staff The Federation of St Kitts and Nevis has met all quantitative performance targets through September 2011, according to the International Monetary Fund. The targets were met despite what the IMF […]

Bartlett: Tourism Underrated in Jamaica

Above: Goldeneye in Jamaica By the Caribbean Journal staff There is a general ignorance of tourism’s contribution to Jamaica, according to Tourism Minister Ed Bartlett, and there is evidence that some people are prepared to position the industry in a […]

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 […]

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 […]

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 […]

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 […]

Caribbean Must Shift Growth Strategy, according to World Bank Report

By the Caribbean Journal staff The Caribbean region, like the rest of the developing world, must refocus its strategies from crisis-fighting to structural reforms aimed at growth, according to this month’s Global Economic Prospects report from the World Bank. “Developing […]

Turks Governor: “Tough Decisions” Ahead

Gordon Wetherell, Governor of Turks and Caicos, said there were “tough decisions” ahead for the territory, as the United Kingdom seeks to execute a financial support package for the archipelago, which saw its constitution suspended in 2009 after a series […]

At Nassau’s Baha Mar Resort, The Art of Everything