Search Result for: public debt

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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 […]

IMF: Antigua and Barbuda’s Economy Expected to Recover “Gradually”

Above: downtown St John’s (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s economy is expected to recover “gradually” this year, according to the International Monetary Fund, which recently completed its seventh review of the country’s economic performance under […]

Simpson Miller: Jamaica “Working as Hard as Possible” on IMF Agreement

Above: Jamaica PM Portia Simpson Miller By the Caribbean Journal staff Jamaica Prime Minister Portia Simpson Miller and the country’s cabinet concluded a retreat held this weekend at Jamaica House, the Prime Minister announced in a statement Sunday night. The […]

S&P: Grenada’s Outlook Stable, Economy Recovering “Modestly”

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s economic outlook remains “stable,” according to ratings firm Standard & Poor’s, which affirmed its “B-” long-term foreign and local currency ratings on the country Tuesday. S&P also raised its short-term […]

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 […]

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 […]

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 […]

Regional Economy Poised to Grow, But English-Speaking Caribbean Vulnerable

Above: the World Bank’s headquarters in Washington By the Caribbean Journal staff The economies of Latin America and the Caribbean are poised to grow despite persistent global volatility, according to a new report from the World Bank. The report, “Latin […]

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 […]

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 […]

Jamaican Prime Minister Hopeful on New International Monetary Fund Agreement

Above: Jamaican PM Portia Simpson Miller (Photo: OPM) By the Caribbean Journal staff Jamaican Prime Minister Portia Simpson Miller said the new International Monetary Agreement that is soon to be negotiated will provide confidence to the business community. According to […]

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, […]

IMF Concludes Jamaica Visit, Talks to Resume in February

From left: IMF Caribbean Regional Director Luis Breuer, Finance Minister Dr Peter Phillips, Bank of Jamaica Governor Brian Wynter; and Dr Gladstone Hutchinson, PIOJ Director General. (JIS Photo) By the Caribbean Journal staff The International Monetary Fund concluded its visit […]

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 […]

Cristina Savescu, World Bank Economist, on Caribbean Growth

By Alexander Britell Earlier this week, the World Bank released a report on growth prospects for Latin America and the Caribbean. That macro region had three distinct areas – Latin America itself, which is in the midst of an economic […]

International Monetary Fund: Caribbean Real GDP to Grow 4.2 percent in 2011

The Caribbean region’s real GDP is projected to grow at 4.2 percent this year, following a 3.4 percent increase in 2010, according to the International Monetary Fund’s World Economic Outlook. The organization predicted a 7.2 percent in consumer prices for […]

What’s the Climate Like for Caribbean Hotel Financing?

By Joe Pike, Special Contributor to CJI To access this content, subscribe now. Caribbean Journal Invest is the leading authority on hotel, real estate and investment news in the Caribbean. Subscribe today to unlock this article and receive our newsletter, […]

Alexander Hamilton Is Back in Nevis

“Hamilton, you are back!” Under a sunbeam on the water’s edge in Charlestown, Nevis, historian Harvey Hendrickson reads his ode to a still-shrouded sculpture on the lawn. A few minutes later, the bronze is revealed, and Alexander Hamilton is finally […]

JLL Hotels’ Andrew Dickey on the State of the Caribbean Hotel Market

What’s the state of the Caribbean hotel market in the age of the pandemic? To learn more, Caribbean Journal Invest caught up with Andrew Dickey, Executive Vice President at JLL Hotels and Hospitality in Miami. Here’s what he had to […]

WestJet Airlines Is Being Sold

By the Caribbean Journal staff Canada-based leisure carrier WestJet Airlines is being sold. The company has entered into an agreement that provides for its acquisition by the Onex Corporation, a private equity firm. The transaction value is approximately $5 billion, […]

Jamaica’s Growth: Same Problems, Same Solutions

On Jamaican growth By Dennis Chung CJ Contributor The World Economic Forum has just published the 2016/17 Global Competitiveness Report (GCR), and it shows that Jamaica has improved its ranking from 86 of 140 countries to 75 of 138 countries. […]

Is It Time for a Caribbean Stock Exchange?

Is it time for a regional stock exchange in the Caribbean? By Marcia Forbes, PhD CJ Contributor Jamaica’s Junior Stock Market Punching above its Weight As its General Manager, Marlene Street-Forrest can take kudos for the Jamaica Stock Exchange (JSE) […]

A New Caribbean “Kokomo?”

By Ryan Peterson CJ Contributor Popularized by The Beach Boys during the early 90s, many have wondered whether ‘Kokomo’ is real or simply an imaginary place. Likewise, as the smaller economies of the Caribbean venture deeper into the 21st century […]

How to Create Prosperity in Jamaica

By Dennis Chung CJ Contributor In order to secure power (spillover from the colonial system), both political parties in Jamaica, when they formed government, set about creating institutional loyalties, using the state bodies and security forces to cement their hold […]

What’s Next for Jamaica’s Economy

Looking ahead By Dennis Chung CJ Contributor In 1961, when Jamaica voted by referendum to withdraw from the West Indies Federation, Dr Eric Williams, then Premier of Trinidad and Tobago, said “one from ten leaves nought”. This statement can be […]

Why Jamaica Can Regain Its Place As the Powerhouse of the Caribbean

A turning point By Dennis Chung CJ Contributor As was expected, 2015 was a turning point for the economy and the fiscal accounts. In 2015 the Jamaican economy started to see the benefits of the economic reform programme (ERP) and […]

Turks and Caicos Projecting Strong GDP Growth

By Dana Niland CJ Contributor The Turks and Caicos Islands is projected to have some of the region’s highest GDP growth in the coming years, according to data from its Strategic Policy and Planning Department. Future projections suggest that economic […]

Foundations for Prosperity in Jamaica

A new approach By Dennis Chung CJ Contributor The World Bank recently released a paper called “Jamaica Economic Update Fall 2015”, in which it gave an update on the Jamaican economy and spoke to the necessity to achieve higher levels […]

Riu Just Opened Its Newest All-Inclusive in Jamaica