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Op-Ed: Is Cuba Really Changing?
By Andy Gomez Op-Ed Contributor We recently witnessed what we had not heard one of the Castro brothers say in almost 54 years: Come 2018, neither one of them will be in power. Raúl Castro announced to the Cuban National […]
Grenada Plans to Restructure Debt
Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s government will undertake a “comprehensive and collaborative restructuring of its public debt, it announced this weekend. The government said “circumstances have forced” the move, which will include its US and […]
IMF: Antigua and Barbuda Economic Recovery to Continue in 2013
Above: Antigua (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s real GDP grew by 1.6 percent in 2012, buoyed by a recovery in tourism and construction, and the country’s recovery will continue in 2013, according to the International […]
Cuba’s Raul Castro Announces Plans to Retire in 2018
Above: Raul Castro (Photo: AIN Cuba) By the Caribbean Journal staff Cuba President Raul Castro, who was chosen to serve a new term Sunday, will be leaving politics in 2018 when this term expires, he announced. The announcement came after […]
UN’s Nigel Fisher Suggests Haiti “Not Yet” Open for Business
Above: Nigel Fisher (UN Photo) By the Caribbean Journal staff Nigel Fisher, the new chief of the UN’s peacekeeping mission in Haiti, made his first public appearance since succeeding Mariano Fernandez Friday, calling for Haiti to move forward on long-delayed […]
Jamaica, IMF Reach $750 Million Staff-Level Agreement
Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica has reached its long-awaited agreement with the International Monetary Fund, the organization announced in a statement Friday. The staff-level agreement is on the key elements of an economic programme that […]
IMF: Tourism, Construction to Drive Stronger Growth in Bahamas
Above: construction at the Baha Mar project (CJ Photo) By the Caribbean Journal staff The Bahamas’ economy grew by 2.5 percent in 2012, with stronger growth ahead, according to the International Monetary Fund. The fund, which recently concluded its Article […]
IMF: Jamaica Must Address Structural Impediments to Growth
Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica must address “with urgency” the structural impediments to the country’s growth, including its excessive debt burden, the International Monetary Fund said following its visit to the country. The statement by […]
CSHAE Elects Leadership for 2013-14
Above: the Atlantis Resort By the Caribbean Journal staff The Caribbean Society of Hotel Association Executives recently elected its new officers for the 2013-2014 term. The elections took place at the organization’s Annual General Meeting ahead of the Caribbean Travel […]
A New Life for Bob Marley’s Land Rover
By the Caribbean Journal staff The Land Rover Defender once owned by Jamaican reggae legend Bob Marley is getting a new lease on life, thanks to Sandals Resorts International. The 1877 Series III Land Rover Defender has been handed over […]
Forbes: Jamaicanisms “Germanized” by VW – How Cool is That?
Above: Volkswagen’s Super Bowl ad (Photo: VW) By Marcia Forbes, PhD CJ Contributor Keeping Abreast via Tweets I NOTICED excited tweets about Jimmy Cliff’s music being featured in a Volkswagen (VW) ad for Super Bowl 2013. Tweeps seemed genuinely […]
IMF: Tourism Uptick, New Construction to Lead St Kitts and Nevis Recovery
Above: St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund lowered its growth estimate for St Kitts and Nevis in 2012 from -0.7 percent to -0.9 percent, but an economic recovery is reportedly on the way […]
IFC to Help Provide Disaster Insurance for Micro-Entrepreneurs in Haiti
Above: flooding after Sandy (UN Photo/Logan Abassi) By the Caribbean Journal staff The International Finance Corporation, a member of the World Bank Group, is partnering with donors on a programme to help provide disaster insurance for micro-entrepreneurs in Haiti. The […]
Fitch Lowers Jamaica Outlook to Negative
Above: Kingston (CJ Photo) By the Caribbean Journal staff Fitch has lowered Jamaica’s outlook to negative, although the firm affirmed its B- credit rating on the country, it announced Friday. The revision to negative reflects “Jamaica’s rising financing constraints in […]
European Commissioners Reaffirm “Long-Term Commitment” to Haiti
Above: Haiti President Michel Martelly addresses the European Parliament in November (Photo: EU) By the Caribbean Journal staff As the three-year anniversary of the devastating earthquake in Haiti draws nearer, the European Union said it was reaffirming its long-term commitment […]
Op-Ed: Why Jamaica’s Cabinet Must Respond to the Contractor General
By David Rowe Op-Ed Contributor THE CONTRACTOR GENERAL is a Jamaican official whose job is to prevent corruption in the awarding of government contracts. Back-scratching contracts have been a significant problem for more than three decades in Jamaica. Many Jamaican […]
Jamaica’s Phillips: Negotiations With IMF Technical Staff “Virtually At An End”
The following is a statement from Jamaica Finance Minister Dr Peter Phillips concerning the country’s negotiations with the International Monetary Fund: On assuming office, one of the most urgent priorities of this administration was to reopen the line of communication […]
Moody’s Downgrades Bahamas Credit Rating; Outlook Remains Negative
Above: Nassau (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the rating of the Bahamas’ government to “Baa1” from A3, the New York-based ratings firm announced Friday. The government’s outlook remains negative. Moody’s cited three major […]
Trinidad Receives $246.5 Million IDB Loan for Environmental Conditions
By the Caribbean Journal staff Trinidad will be receiving a $246.5 million loan from the Inter-American Development Bank for a programme to improve the country’s environmental conditions. The loan will finance the first phase of a $546.5 million, three-phase programme […]
Green Projects in Belize, Grenada and St Kitts and Nevis Get OAS Grants
Above: Carmen Lomellin, Permanent Representative of the United States to the OAS; Joel Hernandez, Permanent Representative of Mexico to the OAS; José Miguel Insulza, OAS Secretary General; Albert R. Ramdin, OAS Assistant Secretary General (OAS Photo/Juan Manuel Herrera) By the […]
Interview with Haiti PM Laurent Lamothe
Above: Haiti Prime Minister Laurent Lamothe (UN Photo/ J Carrier) By Alexander Britell Haiti is trying to move the process of reconstruction into a higher gear. While the country’s GDP has been growing at a strong pace, natural disasters […]
IMF: St Kitts and Nevis Makes “Significant Progress” on Debt Restructuring
Above: Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis has made “significant progress” on restructuring the country’s public debt, according to the International Monetary Fund, which recently completed its fourth review of the country’s economic performance […]
Fantino: Canada Expects “Transparency and Accountability” from Haiti
Above: Minister Julian Fantino (UN Photo/Rick Bajornas) By the Caribbean Journal staff Haiti President Michel Martelly hosted a visit by Canadian International Cooperation Minister Julian Fantino at the National Palace on Monday. The trip by Fantino, which began Sunday, is […]
Nigel Spence: Making the Trip to Jamaica’s Hellshire Beach
Above: Hellshire Beach By Nigel Spence CJ Contributor Firstly, I want to send love and good vibes to my fellow New Yorkers and all those who suffered greatly especially in the tri-state area of New York, New Jersey and […]
Turks and Caicos Government, Digicel Sign Contract for IT Upgrade
Above: Turks and Caicos By the Caribbean Journal staff The Turks and Caicos Islands government has announced that Digicel TCI will be performing a $1.76 million upgrade of its IT systems. The government said the upgrade would save around $62,000 […]
St Kitts Celebrates Tourism Sector
Above: St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts recently celebrated its tourism product, honouring individuals and businesses with an awards ceremony called “St Kitts Experience.” The event, which was held at the Carambola Beach Club, was […]
IMF: Dominica Economic Recovery Continues, But Losing Momentum
Above: Roseau (CJ Photo) By the Caribbean Journal staff Dominica’s economic recovery is continues, but it is losing momentum, according to the International Monetary Fund, which last week concluded its 2012 Article IV Consultation with the country. “Over the past […]
Hague: Turks and Caicos Elections Mark “Return to Democratic Government”
Above: British Foreign Secretary William Hague (Photo: FCO) By the Caribbean Journal staff Turks and Caicos Islanders will head to the polls on Friday, a “significant step” on the path to democracy, according to British Foreign Secretary William Hague. The […]