Search Result for: fiscal

364 results found.

Jamaica’s Economic Recovery “Fragile,” With Strong Downside Risks: IMF

Above: IMF Mission Chief for Jamaica Luis Breuer and Jamaican Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff While Jamaica saw positive GDP growth in 2011, following three consecutive years of decline, its recovery remains “fragile,” according […]

What China and Europe Mean for the Caribbean, from Haiti to Barbados

By Alexander Britell CHINA AND EUROPE remain the biggest threats to the Caribbean’s economy — that is, Chinese deceleration and European debt. But how vulnerable is the Caribbean to those potential external shocks? A recent study from the Inter-American Development […]

Haiti Economy Continues Recovery, but Political Deterioriation a Risk: IMF

Above: Miragoane, Haiti (UN Photo/Victoria Hazou) By the Caribbean Journal staff Haiti’s economy has as a favourable outlook, and continues to recover, though economic and political risks remain, according to the International Monetary Fund. The International Monetary Fund’s Executive Board […]

Turks and Caicos Governor Signs New Public Finance Management Law

Above: the Turks and Caicos House of Assembly (Photo: GIS) By the Caribbean Journal staff Turks and Caicos Governor Ric Todd has signed the territory’s new Public Financial Management Ordinance aimed at improving standards of accountability in the management of […]

St Kitts and Nevis Passes International Monetary Fund’s December Tests

Above: Charlestown, Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis met all of the International Monetary Fund’s quantitative performance criteria at the end of December in addition its structural benchmarks, according to George Tsibouris, head of […]

Jamaica Needs “Vibrant” Export Sector

Above: Minister Anthony Hylton (JIS Photo) By the Caribbean Journal staff A “vibrant” export sector is vital to the Jamaica’s growth and forms a major pillar of long-term economic stability, according to Jamaican Industry Minister Anthony Hylton. Hylton was speaking […]

Jamaica “Has to Do Much to Restore Its Credibility” With Multilaterals

Above: Jamaica’s Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff Jamaica has to do much to restore its credibility with multilateral organizations like the IMF and World Bank and in the marketplace, according to Jamaican Finance Minister […]

Op-Ed: Why the Economy Is the Biggest Issue in Belize’s Elections

By Kay Menzies Op-Ed Contributor The voters of Belize will go to the polls next week to decide which party will form the next Government of Belize. Without a doubt, most voters will make their decisions based on, among other […]

Eastern Caribbean Economy Declines, But Tourism Sector Shows Promise

Above: St Kitts and Nevis (CJ Photo) By the Caribbean Journal staff The economies of the Eastern Caribbean Currency Union saw a 0.6 percent drop in economic activity in 2011, although that represented an improvement from a 2.2 percent drop […]

Dominican Republic Unveils Multi-Year Public Sector Planning Programme

Above: Economy Minister Temistocles Montas (Photo: OP) By the Caribbean Journal staff The Dominican Republic’s Ministry of Economy, Planning and Development unveil today its multi-year public sector planning programme through 2014. The plan contains the programmes and projects with budget […]

Inter-American Development Bank’s Caribbean Governors Meet in Suriname

Above: Paramaribo (Photo: IDB) By the Caribbean Journal staff The Caribbean governors of the Inter-American Development Bank met in Suriname Monday to discuss development challenges and opportunities in the region. It was the first annual meeting of the Governors of […]

St Kitts Seeks Home for National Archives

Above: some contents of the National Archives (Photo: Erasmus Williams) By the Caribbean Journal staff St Kitts and Nevis is looking for a property to refurbish and then house the country’s National Archives, according to Chief Secretary Joseph Edmeade. The […]

International Monetary Fund: Trinidad’s Economy “Turning the Corner”

Above: St Augustine, Trinidad By the Caribbean Journal staff Despite “ongoing technical disruptions” in Trinidad’s energy sector, the country’s economy is showing positive signs, according to the International Monetary Fund, which completed a visit to conduct the 2011 Article IV […]

Interview with John Ashton, UK Special Representative for Climate Change

By Alexander Britell “It was the voice of the Caribbean that changed the world at Durban,” says John Ashton, the UK Foreign Secretary’s Special Representative for Climate Change. The Caribbean, perhaps more than any region in the world, faces an […]

IMF: St Kitts and Nevis Outlook “Favourable,” September Targets Met

By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its first review of St Kitts and Nevis’ economic performance under a 36-month Stand-by Arrangement. The completion of the review allows the immediate disbursement of $17.6 million, […]

Interview with St Kitts and Nevis Foreign Minister Sam Condor

By Alexander Britell GRENADA – The seventh UK-Caribbean Forum that met in Grenada this weekend looked at a range of areas of cooperation as the Caribbean and the UK open up a “new and more modern relationship” going forward. As […]

UK, Caribbean Open Up “New and More Modern Relationship” in Grenada Talks

Above, from left: Saint Kitts and Nevis Foreign Minister Sam Condor and United Kingdom Foreign Secretary Wiliam Hague (CJ Photo) By Alexander Britell GRENADA — The United Kingdom and the Caribbean began talks today aimed at renewing and revitalizing their […]

Jamaican Government “Committed” to Policy of Low Interest Rates, Low Inflation

Above: the Bank of Jamaica By the Caribbean Journal staff There will be no return to a Jamaica of high interest rates, according to Industry Minister Anthony Hylton. The Jamaican government is committed to low inflation and low interest rates, […]

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 […]

Barbados: “We Will Not Roll Over and Play Dead” in Economic Recession

Above: Finance Minister Chris Sinckler By the Caribbean Journal staff Barbados will not “roll over and play dead” during the current economic recession, according to Finance Minister Chris Sinckler. “That’s not the stance this government has, or will ever take, […]

International Monetary Fund Approves $3.1 Million Disbursement for Dominica

By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a disbursement for $3.1 million to Dominica under its Rapid Credit Facility. The funding is aimed at helping Dominica with reconstruction and rehabilitation following a series of […]

Portia Simpson Miller Sworn in as New Jamaican Prime Minister

By the Caribbean Journal staff Portia Simpson Miller has been sworn in as the Prime Minister of Jamaica following a ceremony at Kingston’s King’s House this afternoon. “In our political history, it is a rare opportunity to be given a […]

IMF Urges Montserrat to Reduce Dependence on United Kingdom Grants

By the Caribbean Journal staff The International Monetary Fund is urging Montserrat to reduce its dependence on recurrent and capital grants to fuel its economy, along with maintaining its ongoing reforms by the fund’s executive board. In the IMF’s recent […]

Rum Journal: From Jamaica, a Legendary Brand Grows Up