Search Result for: fiscal

363 results found.

Jamaican Growth to Slow in 2012: Report

Above: Kingston By the Caribbean Journal staff Jamaica’s economy is projected to slow to 1 percent in 2012, down from a 1.3 percent rate in 2011, according to a report released this week by the United Nations’ Economic Commission for […]

Interview with Jamaican Parliamentary Candidate Dr Dayton Campbell

By Alexander Britell Dr Dayton Campbell is the candidate for the North West St Ann seat in Jamaica’s Parliament for the People’s National Party. He is facing off against Othniel Lawrence of the Jamaica Labour Party in the election Dec. […]

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 […]

Jamaica Signs $198 Million Loan Agreements with IDB

Above: Finance Minister Audley Shaw (JIS Photo) By the Caribbean Journal staff Jamaica has signed loan agreements for a total of $198 million with the Inter-American Development Bank aimed at providing funding for fiscal reform and water projects. The loans […]

European Union Approves Grant for Financial Management in Antigua

By the Caribbean Journal The European Union has approved a grant of just under $4 million for a project aimed at strengthening revenue administration and public financial management in Antigua. The project will be managed by the IMF’s Fiscal Affairs […]

St Kitts and Nevis’ Douglas Moves for More Productive Public Servants

Above: Charlestown, Nevis (CJ Photo) By the Caribbean Journal St Kitts and Nevis Prime Minister Denzil Douglas has issued a warning to the country’s public servants, urging them to be more productive and cherish their employment opportunities. “We still have […]

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 […]

BOJ: Speculation over Jamaican Election Date Creating Economic Risk

Above: BOJ Governor Brian Wynter By the Caribbean Journal staff Speculation about the date of the next Jamaican election could add to the uncertainties created by the International Monetary Fund’s delay in reviewing the country’s medium-term economic programme, according to […]

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 […]

S&P Lowers Bahamas Sovereign Rating

By the Caribbean Journal staff Standard & Poor’s today lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, calling the country’s outlook “stable.” The ratings agency cited economic vulnerabilities given a dependence on tourism and on the US market, […]

Jamaica, IDB Talk Benchmarks

Above: Finance Minister Audley Shaw (JIS Photo) Jamaica and the Inter-American Development Bank have discussed structural benchmarks identified by the country’s government to strengthen the economy and increase competitiveness. These areas include tax, pension and public sector wage reforms, according […]

Bloomberg Hosts Jamaica Trade Forum

By the Caribbean Journal staff Jamaican political and business leaders recently took center stage at a trade and investment forum at Bloomberg’s international headquarters in New York City, in an event coordinated by Dr Geneive Brown Metzger, Jamaica’s Consul General […]

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 […]

The US Downgrade’s Impact on Jamaica

The downgrade of the United States’ credit rating by Standard and Poor’s earlier this month could have an impact on the Jamaican economy as part of increased global uncertainty, according to Bank of Jamaica Governor Brian Wynter. The BOJ has […]

Jamaica Tries to Reassure Public on International Monetary Fund Agreement

While the last completed review with the IMF on Jamaica’s economy as September 2010, Jamaican Finance Minister Audley Shaw said the December 2010 and March 2011 assessments had not yet been reviewed by the IMF. “We have neither passed nor […]

Dookeran: Trinidad Economy Stable

By the Caribbean Journal staff Trinidad Finance Minister Winston Dookeran said the country’s economy remains stable, despite Standard & Poor’s decision to lower the country’s long-term local currency sovereign credit rating. The new development, he said, was part of a […]

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 […]

Bahamas, Japan Meet on Tax Agreement

Above: Tadahito Yamaguchi, first secretary, Embassy of Japan in Jamaica and Ambassador Joshua Sears, director-general at the Bahamian Ministry of Foreign Affairs (BIS Photo/Kris Ingraham) The governments of the Bahamas and Japan exchanged their notes yesterday on the two countries’ […]

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 […]

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 […]

Cayman to Regulate, Tax Hedge Funds

Premier McKeeva Bush By the Caribbean Journal staff Premier McKeeva Bush announced that Cayman’s government would tax and regulate hedge funds for the first time, with the announcement coming in his budget address. “The Government will introduce a single revenue […]

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 […]

Bank of Jamaica Governor Brian Wynter: “Remarkable Change” Under Way

Brian Waynter (Photo: JIS) Jamaica is going through a period of “remarkable change,” Bank of Jamaica Governor Brian Wynter said yesterday at the Caribbean Canadian Emerging Leaders’ Dialogue Economic Symposium in St. Andrew. Wynter said the bank was working on […]

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 […]

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