Search Result for: benchmark

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Jamaica’s IMF Loan Rises to $958 Million; Board to Decide This Month

Above: Kingston (CJ Photo) By the Caribbean Journal staff A proposed 48-month funding arrangement under the Extended Fund Facility for Jamaica would total $958 million, according to the International Monetary Fund. That number is significantly higher than the $750 million […]

China to Provide $2 Billion for IDB Latin America and Caribbean Fund

Above: the Chinese Embassy in Kingston By the Caribbean Journal staff The Inter-American Development Bank and the People’s Bank of China have approved a new fund to support private and public sector projects that promote “sustainable economic growth” in Latin […]

Solving Jamaica’s Foreign Exchange Crisis

By Dennis Chung CJ Contributor OVER THE LAST WEEK there have been two issues dominating the media in Jamaica, which illustrates to me that Jamaica’s foreign exchange crisis is driven primarily by the way we approach challenges. The first is […]

Standard & Poor’s Raises Jamaica Credit Rating After Debt Exchange

Above: Kingston (CJ Photo) By the Caribbean Journal staff Following a similar move by Fitch last week, Standard & Poor’s has raised Jamaica’s foreign and local currency sovereign credit ratings to “CCC+” and out of default. The move came after […]

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 […]

Curacao’s Santa Barbara Resort, Formerly Hyatt, Officially Launches

Above: the former Hyatt resort in Curacao By the Caribbean Journal staff The former Hyatt Regency Curacao Golf Resort, Spa and Marina has officially launched as the Santa Barbara Beach & Golf Resort, the property announced in a release Wednesday. […]

Owner Removes Hyatt from Curacao Resort; Hyatt Vows to “Protect Its Rights”

Above: the Hyatt Regency Curacao property By the Caribbean Journal staff Hotel investment group Santa Barbara Hospitality says it has removed Hyatt as the manager of its Curacao resort property, renaming it as the Santa Barbara Beach & Golf Resort. […]

IMF Downgrades 2012 Growth Outlook for St Kitts and Nevis

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund has downgraded its growth outlook for St Kitts and Nevis for 2012 from 0 to -0.7 percent, it said following the conclusion of a mission […]

Jamaica Looking to Cut Energy Bill

Above: Jamaican Energy Minister Phillip Paulwell (JIS Photo) By the Caribbean Journal staff Jamaica has begun implementing a $13.5 million USD programme aimed at reducing the government’s energy costs. Work has already started on the Energy Efficiency and Conservation Programme, […]

IMF Concludes Antigua Review Mission

Above: Antigua (Photo: AT) By the Caribbean Journal staff The International Monetary Fund recently concluded its seventh stand-by arrangement review mission to Antigua and Barbuda. The mission, which was led by Geoffrey Bannister, took place from Aug. 14 to Aug. […]

St Kitts and Nevis Meets Performance Targets, But IMF Lowers Growth Outlook

Above: St Kitts (Photo: SKT) By the Caribbean Journal staff The International Monetary Fund has lowered its economic outlook for St Kitts and Nevis’ economy in 2012, with a projected growth of zero percent, although the country did meet all […]

Jamaica Records Lowest Monthly Murder Total Since February 2003

Above: Minister of National Security Peter Bunting (CJ Photo) By the Caribbean Journal staff The murder rate in March was the lowest in Jamaica since February 2003, according to National Security Minister Peter Bunting. There were a total of 69 […]

St Kitts and Nevis Passes International Monetary Fund’s December Tests

Above: Charlestown, Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis met all of the International Monetary Fund’s quantitative performance criteria at the end of December in addition its structural benchmarks, according to George Tsibouris, head of […]

Grenada “Committed” to Tax Transparency, Money Laundering Fight

Above: downtown St George’s (CJ Photo) By the Caribbean Journal staff The government of Grenada released a statement today reaffirming its “commitment” to the principles of tax transparency and the fight against money laundering. The country said it was committed […]

Grenada Gets Top Rank for Investment Promotion, Bests Trinidad and Jamaica

Above: St George’s, Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s Industrial Development Corporation has been ranked first among 77 investment promotion institutions in Africa, Caribbean and the Pacific, according to the Global Investment Promotion Benchmarking 2012 report, a […]

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, […]

Increase Economic Cooperation with Japan, Jamaica’s Tufton Says

Above: Minister Dr Christopher Tufton (JIS Photo) By the Caribbean Journal staff There are numerous possibilities for significant expansion of trade and investment with Japan, Commerce Minister Dr Christopher Tufton said at a special JAMPRO luncheon hosting Japanese investors Thursday […]

Interview with Jamaican Parliamentary Candidate Damion Crawford

By Alexander Britell Damion Crawford, People’s National Party candidate for the East Rural St Andrew seat in Jamaica’s Parliament, attended Kingston College, and then went to the University of the West Indies, where he received a master’s degree in tourism […]

Trinidad’s Dookeran Presents Budget

Above: Finance Minister Winston Dookeran (Photo: TGISL) By the Caribbean Journal staff Trinidad Finance Minister Winston Dookeran presented a $7.4 billion ($47 Billion in TTD) budget for 2011/2012 in an announcement at the House of Representatives, which is currently meeting […]

Riu Just Opened Its Newest All-Inclusive in Jamaica