Search Result for: fiscal

364 results found.

Moody’s Upgrades Suriname Bond Rating, Raises Outlook to “Positive”

Above: Paramaribo (Photo: IDB) By the Caribbean Journal staff Ratings firm Moody’s has upgraded the foreign currency rating of the government of Suriname to Ba3 and raised the country’s economic outlook from stable to “positive.” The change came from several […]

St Lucia’s Raymond Officially Named Chief Economist in Turks and Caicos

Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff Former St Lucia Senator Dr Ubaldus Raymond, who resigned from the Senate earlier this month, has officially been announced as the new Chief Economist in Turks and […]

St Kitts and Nevis to Receive $4.76 Million Disbursement from IMF

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis will be receiving a $4.76 million disbursement from the International Monetary Fund following approval by the fund’s Executive Board. The Stand-by arrangement was originally approved […]

Guyana Continues “Impressive” Growth

Above: Amaila Falls By the Caribbean Journal staff Despite a worsening international economic climate, Guyana’s economy remains resilient, according to the International Monetary Fund. Last year, Guyana’s economy recorded a 5 percent increase in GDP, what the IMF called “impressive […]

World Bank: Central America, Caribbean Can Reduce Dependence on Oil

Above: a wind farm in Nevis (CJ Photo) By the Caribbean Journal staff Central American and Caribbean countries can reduce their dependence on oil through a combination of renewable energy, energy efficiency initiatives and regional energy integration, according to a […]

Dominican Republic’s Fernandez, in Brussels, Urges EU to Stimulate Growth

Above: Dominican Republic President Leonel Fernandez and European Council President Herman Van Rompuy (Photo: OP) By the Caribbean Journal staff Dominican Republic President Leonel Fernandez called on European lawmakers to prioritize jobs and stimulate economic growth during a visit to […]

US Virgin Islands Governor Pledges “Leanest Possible Budget”

Above: Governor John de Jongh at a community meeting last week in St Croix (Photo: OG) By the Caribbean Journal staff Governor John de Jongh has submitted the US Virgin Islands’ budget for fiscal year 2013, promising that his administration […]

St Kitts and Nevis Meets Performance Targets, But IMF Lowers Growth Outlook

Above: St Kitts (Photo: SKT) By the Caribbean Journal staff The International Monetary Fund has lowered its economic outlook for St Kitts and Nevis’ economy in 2012, with a projected growth of zero percent, although the country did meet all […]

St Kitts and Nevis Prime Minister: Construction Can Stimulate Economy

Above: St Kitts By the Caribbean Journal staff Construction can provide a boost to the economy of St Kitts and Nevis, according to Prime Minister Dr Denzil Douglas. He said his government has been undertaking an in-depth evaluation of construction-related […]

Haiti Led Caribbean GDP Growth Last Year, Will Again in 2012: ECLAC

Above: a newly-inaugurated staircase in Petionville (Photo: OP) By the Caribbean Journal staff Haiti’s economy led the Caribbean in 2011 and will do so again in 2012, according to new data from the United Nations Economic Commission for Latin America […]

Op-Ed: The Value of Jamaica’s Dollar

By Ramesh Sujanani Op-Ed Contributor It is now being touted that, with Jamaica’s expenditure exceeding its income, constant depreciation of the Jamaican Dollar is imminent. It has been said that this is no different to what has occurred in the […]

Haiti’s Economy “Continues to Grow,” But Must Accelerate Reconstruction: IMF

Above: Jacmel during Carnival By the Caribbean Journal staff Haiti’s economy is moving in a positive direction, though at a level below that projected by the International Monetary Fund’s Extended Credit Facility arrangement, the IMF said following the conclusion of […]

New Caribbean Hotel and Tourism Association President Takes Office

Above: the Bolongo Bay Beach Resort in St Thomas By the Caribbean Journal staff Richard Doumeng takes office Thursday as the new president of the Caribbean Hotel & Tourism Association. Doumeng, a second-generation hotelier and former CHTA Caribbean Hotelier of […]

After “Significant Turnaround,” Turks and Caicos to Hold Elections Nov. 9

Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff The Turks and Caicos Islands will hold its long-awaited elections Nov. 9, according to United Kingdom Foreign Secretary William Hague. The Turks and Caicos has met seven […]

IMF: Risks to Jamaica’s Economic Outlook “Tilted to the Downside”

Above: Montego Bay By the Caribbean Journal staff The outlook for Jamaica’s economy is one of low growth, along with weaker debt and fiscal positions, in the absence of strong fiscal and structural reforms, according to a report from the […]

Op-Ed: Austerity and Growth in Jamaica

By Ramesh Sujanani Op-Ed Contributor Professor Michael Witter, writing in the Jamaica Gleaner, recently outlined a conflict of interest in the management of recession by governments’ policies in the United States and Europe. It seems that there are two approaches […]

Jamaica to Launch Housing Drive as Part of Emergency Job Programme

Above: Jamaican Prime Minister Portia Simpson Miller in Parliament Tuesday (JIS Photo) By the Caribbean Journal staff The next phase of Jamaica’s JEEP emergency jobs plan, which the country’s government says has already created 5,800 jobs, will be headlined by […]

Antigua and Barbuda to Receive $20.3 Million from International Monetary Fund

Above: Parliament in Antigua By the Caribbean Journal staff Antigua and Barbuda will receive a $20.3 million disbursement from the International Monetary Fund, following the fund’s completion of the fourth, fifth and sixth revues of the country’s economic performance under […]

Bahamas to Focus on Urban Renewal Programme, Mulls National Lottery

Above: Perry Christie (centre) and other MPs head to Parliament ahead of the Budget Communication (BIS Photo/Patrick Hanna) By the Caribbean Journal staff The Bahamian government is planning to revive the country’s Urban Renewal programme and is considering a national […]

IMF: Grenada’s Economy Shows Signs of Fragile Recovery, But Risks Remain

Above: Downtown St George’s (CJ Photo) By the Caribbean Journal staff Grenada’s economy is showing signs that a “fragile recovery” may underway, although “significant” downside risks remain, according to the International Monetary Fund. An IMF mission visited Grenada form May […]

Jamaica Gets PetroCaribe Grant for JEEP

Above: Jamaican Prime Minister Portia Simpson Miller and Works Minister Dr Omar Davies at a JEEP project site earlier this year (JIS Photo) By the Caribbean Journal staff Jamaica has received an $11.5 million USD grant from the PetroCaribe Fund […]

US Virgin Islands Governor Opposes Creation of Chief Financial Officer

Above: US Virgin Islands Governor John de Johgh and Delegate Donna Christensen By the Caribbean Journal staff US Virgin Islands Governor John de Jongh is opposing the legislation brought by USVI Delegate Donna Christensen that would create a Chief Financial […]

US Virgin Islands Delegate Christensen Introduces Bill to Create CFO

Above: US Virgin Islands Delegate Donna Christensen By the Caribbean Journal staff Legislation to establish a Chief Financial Officer in the US Virgin Islands is an “evolution” for the territory, USVI Delegate Donna Christensen said Thursday during testimony after introducing […]

Op-Ed: Jamaica, Greece and Putting the People Before the Creditors

By Jake Johnston Op-Ed Contributor Jamaica is barely emerging from its worst economic downturn in the last 30 years. Even after positive growth returned in 2011, the economy remains 3 percent below its 2007 level, and with anaemic growth projected […]

Fortuño: Puerto Rico Becoming “A More Attractive Place to Do Business”

Above: Governor Luis Fortuño By the Caribbean Journal staff Puerto Rico has become a “more attractive place to do business” with a reduced corporate tax burden for companies looking to invest in the island, Governor Luis Fortuño said at the […]

Turks and Caicos Projects Revenue Increase, But “Further Work” Remains

Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff Turks and Caicos’ draft budget projects a 20 percent increase in revenues for the financial year 2012/2013. The new draft budget, which goes to Turks and Caicos’ […]

Antigua Hosting World Bank Team

By the Caribbean Journal staff Antigua’s Ministry of Finance is hosting a team from the World Bank this week to review the suitability of the so-called “4-3-2 Framework” for Antigua and Barbuda. The framework, which was jointly developed by the […]

Antigua Making “Notable” Progress: IMF

By the Caribbean Journal staff Antigua is showing “notable progress” in many areas, according to the International Monetary Fund, which recently concluded a visit to the country. The IMF undertook the fourth, fifth and sixth reviews of the programme under […]

Rum Journal: From Jamaica, a Legendary Brand Grows Up