Search Result for: debt payment

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S&P Lowers Credit Rating on Caribbean Development Bank; Outlook Negative

Above: Barbados, home to the CDB, is current on its obligations to the bank (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the long-term foreign currency credit rating on the Caribbean Development Bank to “AA” from […]

Op-Ed: Jamaica and the IMF

By David Rowe Op-Ed Contributor Shortly after the election of the People’s National Party Government in Jamaica, I reminded in this Journal that Jamaica needed to drastically improve its murder rate and corruption index; without doing so, it was unlikely […]

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. […]

S&P: Lack of IMF Agreement “Detracting” from Jamaica’s Creditworthiness

Above: Kingston By the Caribbean Journal staff Standard & Poor’s this week raised the short-term sovereign credit rating on Jamaica to “B” from “C.” The ratings firm also affirmed its “B-” long-term foreign and local currency ratings, along with holding […]

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 […]

Op-Ed: Jamaica, Greece and Putting the People Before the Creditors

By Jake Johnston Op-Ed Contributor Jamaica is barely emerging from its worst economic downturn in the last 30 years. Even after positive growth returned in 2011, the economy remains 3 percent below its 2007 level, and with anaemic growth projected […]

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 […]

Op-Ed: Why the Economy Is the Biggest Issue in Belize’s Elections

By Kay Menzies Op-Ed Contributor The voters of Belize will go to the polls next week to decide which party will form the next Government of Belize. Without a doubt, most voters will make their decisions based on, among other […]

Turks and Caicos Government Reports Revenue Jump, Shrinking Deficit

Above: Turks and Caicos (Photo: TCIT) By the Caribbean Journal staff The government of Turks and Caicos reported revenues of $118.5 million in the third quarter of financial year 2011-2012, with a $33.5 million reduction in the territory’s deficit. While […]

Grenada Brewery Action Comes to an End

Above: Grenada Breweries Limited By the Caribbean Journal staff The industrial impasse at Grenada Breweries Limited has come to an end, following several months of deadlock. The end of the action this week was confirmed to Caribbean Journal by Senator […]

Grenada Doing “Whatever Is Necessary” to Keep Airport Open in Taiwan Dispute

Above: downtown St Georges, Grenada (CJ Photo) By the Caribbean Journal staff The government of Grenada “will do whatever is necessary” to ensure that Maurice Bishop International Airport remains open as the government of Taiwan seeks to collect on a […]

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 […]

International Monetary Fund Approves $3.1 Million Disbursement for Dominica

By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a disbursement for $3.1 million to Dominica under its Rapid Credit Facility. The funding is aimed at helping Dominica with reconstruction and rehabilitation following a series of […]

Jamaica Gets $65 Million IDB Loan for Fiscal Administration

By the Caribbean Journal staff Jamaica will modernize its fiscal administration in a programme funded by a $65 million Inter-American Development Bank. The programme aims to improve customs and tax revenue collections, along with better management of the government’s debt […]

The Ultimate Island-Hopping Vacation in The Bahamas