Search Result for: tax reform
102 results found.
Op-Ed: The IMF, Chavez, and Jamaica’s Economic Future
By David Rowe Op-Ed Contributor FOR THE LAST 12 MONTHS, Jamaica has been in intermittent negotiations with the IMF. These negotiations have not yet yielded a new agreement. It is now acknowledged internationally that Jamaica is in an economic crisis. […]
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 […]
Op-Ed: Belize’s Debt Payment
By Kay Menzies Op-Ed Contributor Certain realities are very much present in our daily economic life in Belize. For example, the population is, at this point, fully aware that we have a huge debt burden relative to our country’s size. […]
Bahamas Government: Ratings Revision Unfortunate, But Not Unexpected
Above: Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s decision Monday to lower its outlook on the Bahamas to negative was unfortunate, but not unexpected, according to a statement from the Bahamian government. The government said it […]
S&P Lowers Bahamas’ Outlook to Negative, Points to Weakening Fiscal Profile
Above: downtown Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has revised the outlook on its long-term rating on the Bahamas to negative from stable, the ratings firm announced Monday. The revision reflected the firm’s view that […]
Op-Ed: Austerity and Growth in Jamaica
By Ramesh Sujanani Op-Ed Contributor Professor Michael Witter, writing in the Jamaica Gleaner, recently outlined a conflict of interest in the management of recession by governments’ policies in the United States and Europe. It seems that there are two approaches […]
Op-Ed: Jamaica’s Debt Trap
By Kent Gammon Op-Ed Contributor The state of the Jamaican economy over successive administrations tells the story of Jamaica’s evolving debt trap. The distinction that should be appreciated amongst successive administrations is how well each managed (or perhaps more appropriately […]
US Virgin Islands Delegate, Senator Menendez in Row over Diageo Deal
Above: US Virgin Islands Delegate Donna Christensen and New Jersey Senator Robert Menendez By the Caribbean Journal staff US Virgin Islands Delegate Donna Christensen said she was “dismayed” that Senator Robert Menendez (D-NJ) used a hearing of the Senate Finance […]
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 […]
New “Chamber” for Jamaican Agriculture
Above: Senator Norman Grant and Minister of State Ian Hayles (JIS Photo) By the Caribbean Journal staff The Jamaica Agricultural Society has established a new forum in a bid to improve dialogue in the sector dubbed “The Chamber.” The forum, […]
In Jamaica, Effecting Change by Returning to Reggae’s Roots
Above: Damion Crawford, State Minister for Tourism and Entertainment By the Caribbean Journal staff Reggae must once again play a role in effecting change in society, according to Damion Crawford, Jamaica State Minister for Tourism and Entertainment. “The music needs […]
Jamaica Begins Talks with IMF
Above: Finance Minister Dr Peter Phillips (right) is welcomed to the Mayberry Investment Forum Wednesday by Mayberry Investments CEO Gary Peart (JIS Photo) By the Caribbean Journal staff The Jamaican government has begun preliminary talks with the International Monetary Fund, […]
Jamaica “Steadfast” in Resolving IMF Issues, Government Says
Above: IMF headquarters in Washington, DC The Jamaican government will remain steadfast in resolving the main issues in its discussions with the International Monetary Fund, Information Minister Sen. Arthur Williams said Wednesday. The government is working to address tax reform, […]
Guyana Chamber of Commerce President Komal Ramnauth Talks Business
Above: the Takutu river bridge linking Guyana and Brazil (Photo: GINA) By Alexander Britell Guyana, which is one of three non-island members of CARICOM, has seen strong economic growth of late as it works to pull out from the downturn. […]
Op-Ed: A New Beginning for Puerto Rico
By Ricardo Álvarez-Díaz Two years ago last month, Hurricane Maria ravaged Puerto Rico, ultimately taking more than 3,000 lives. It also exposed the structural vulnerabilities of existing buildings, and further exacerbated the already painful impact of a more than decade-long […]
Using Tech to Improve the Caribbean’s Business Environment
How “RegTech” could help the Caribbean By Ryan Peterson CJ Contributor In the famous words of legendary Bob Marley, “…don’t let them fool you…”. Despite the images of white sandy beaches, turquoise seas and milky coconuts, the Caribbean is notoriously […]
Getting Local Government in Jamaica to Work
What local government means if we can get it to work By Dennis Chung CJ Contributor Last week I was driving around Montego Bay with the NSWMA regional manager and stopped by the Retirement dumpsite. As I drove around, I […]
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 […]
The Road to Prosperity in Jamaica
By Dennis Chung CJ Contributor The Jamaica Labour Party’s slogan, “Poverty to Prosperity”, was very catchy and seemed to have been embraced by enough people for them to win the elections. Now that the election is over, we certainly as […]
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 […]
What Jamaica Needs for Sustainable Growth
A recipe for sustainable expansion By Dennis Chung CJ Contributor The Planning Institute of Jamaica has reported good news that the economy is estimated to have grown by 1.5 per cent for the July to September 2015 quarter. Of note […]
Why Has Growth Been So Elusive for Jamaica?
Jamaica’s growth problem By Dennis Chung CJ Contributor SINCE the early 1970s, Jamaica has suffered from an anaemic growth rate of less than one per cent per annum. This despite many prescriptions and attempts by various governments, and promises by […]
British Virgin Islands Looks to Strengthen Financial Services Sector
A new push By the Caribbean Journal staff The British Virgin Islands has launched a new push to strengthen the territory’s financial services sector. The new BVI Forward Campaign “aims to build on the strength of the jurisdiction’s internationally renowned […]
Jamaica’s Growth Outlook Is Improving
Positive signs for Jamaican economy By the Caribbean Journal staff Jamaica’s economy is showing some positive signs, according to the International Monetary Fund, which recently concluded a mission to the country. “A gradual economic recovery is underway.” said IMF Mission […]
Jamaica’s Productivity Problem
By Dennis Chung CJ Contributor AFTER 12 previous IMF agreements, Jamaica is once again at a crossroads. We are once again at a place where we are having a debate about how much pain is being inflicted by the agreement, […]
Making Caribbean Business Better
By Paul Hay CJ Contributor “With the widening of the Panama Canal and construction of a second canal in Nicaragua, a significant increase in trade and investment can be expected in the Caribbean Basin. So, improving competitiveness of local firms […]
Where is Jamaica’s Private Sector?
By Dennis Chung CJ Contributor LAST year I sat on a panel to discuss the state of the economy. Someone in the audience correctly stated that much work was being done by the government to improve the business and economic […]
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