Search Result for: debt restructuring

46 results found.

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 […]

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 […]

Margaritaville’s Newest Hire

Margaritaville Holdings LLC has named Andrew Steel as the company’s new director of development. In the new role, Steel will focus on cultivating new partnerships that support the Margaritaville brand’s ongoing international expansion. “We are very pleased to welcome Andrew to […]

How Tourism Saves Jamaica

By David P Rowe Op-Ed Contributor During the recent Greek debt crisis, commentators have been referring to Jamaica as an example of another country with a huge debt burden. This is true — Jamaica’s gross public debt hovers higher than […]

The Caribbean’s Catch-22

By Ryan Peterson CJ Contributor So, what is the catch of the day? A quick perusal of Caribbean agendas will provide a litany of the perennial weaknesses and opportunities for development, ranging from tourism to technology, green to gender equality, […]

S&P Downgrades Grenada Credit Rating

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign and local currency sovereign credit ratings on Grenada to “SD” from “CCC+/C,” citing the announcement that the country would not pay its coupon due […]

PM: Belize Set to Finalize Superbond Deal

Above: Parliament in Belmopan By the Caribbean Journal staff Belize will officially sign an agreement on the restructuring of its large commercial debt in the early part of this month, Prime Minister Dean Barrow said in his first national address […]

Barbados Finance Minister: Moody’s Downgrade “No Surprise”

Above: Parliament in Bridgetown (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service’s recent downgrade of Barbados’ debt to junk status was “no surprise” to the country’s Ministry of Finance, Minister Chris Sinckler said in a statement. Sinckler said […]

IMF: Belize Experiencing Output Rebound, Tourism Recovery

Above: Belize (Photo: Belize Tourism) By the Caribbean Journal staff Belize is experiencing an output rebound, despite a decline in oil production, according to the International Monetary Fund, which just concluded its yearly review of the country’s economy. According to […]

Belize “Unable” to Make Coupon Payment

Above: Parliament in Belmopan By the Caribbean Journal staff The government of Belize announced Tuesday that it would be unable to make an Aug. 20 coupon payment on the country’s US Dollar Step-Up Bonds due in 2029. In a statement, […]

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 […]

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 […]

Standard & Poor’s Lowers Credit Rating on Belize, Citing Politics

By the Caribbean Journal staff Standard & Poor’s has lowered its long-term foreign and local currency sovereign credit ratings on Belize to CCC+ from B-, with its outlook “stable.” The ratings firm pointed to an announcement by Prime Minister Dean […]

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, […]

Op-Ed: Mark Turnquest on Why the Bahamas Needs a Ministry of Commerce

Above: downtown Nassau (CJ Photo) By Mark A Turnquest Op-Ed Contributor MISSION OF THE MINISTRY OF COMMERCE My advice to the Bahamas’ Free National Movement government is to create a Ministry of Commerce without incurring any costs or expenses. Simply […]

St Kitts and Nevis Project Positive Growth

Above: Charlestown, Nevis (Photo: Caribbean Journal) By the Caribbean Journal staff The economy of St Kitts and Nevis is projected to grow at a rate of 1.5 percent his year, with a slightly higher rate in 2012, according to the […]

A New Way to Fly to Abaco in The Bahamas