Search Result for: economic recovery

192 results found.

First Air Europa Flight From Madrid Arrives in Puerto Rico

Above: an Air Europa plane By the Caribbean Journal staff The first Air Europa flight from Madrid touched down in San Juan on Thursday afternoon. It was the first direct flight from Madrid to San Juan since Iberia canceled its […]

Jamaica to Receive $71.4 Million Disbursement From IMF

Above: Kingston (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its third review of Jamaica’s performance under its Extended Fund Facility-supported programme. The completion of the review enables the disbursement of around $71.4 […]

Trinidad’s Energy Sector Rebounds

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff The energy sector in Trinidad returned to positive growth in the last quarter of 2013, according to data from the country’s Central Bank. The bank said the growth came […]

Jean Holder: Caribbean Tourism in 2014

The LIAT Chairman on what’s in store for 2014 By Jean Holder Op-Ed Contributor I AM more of an optimist than a prophet, otherwise I could not do what I do every day. I have an abiding faith in the […]

St Lucia Sees Increase in US Arrivals

Above: St Lucia By the Caribbean Journal staff St Lucia is seeing an increase in traffic from its largest tourist source market, the government said this week. So far this year, arrivals from the United States are up 12 percent […]

Bermuda to Put Gaming Question to Parliament, Shelves Referendum Plan

Above: Bermuda By the Caribbean Journal staff Bermuda’s government is shelving plans to put the question of gaming to a popular referendum, and will be moving the question to a vote by Parliament, the ruling One Bermuda Alliance party announced. […]

Santo Domingo Among Cities Most Vulnerable to Rising Sea Levels

Above: Santo Domingo from space (NASA photo) By the Caribbean Journal staff Rising sea levels could mean catastrophic effects for the Caribbean, and Santo Domingo is one of the world’s most vulnerable cities in that regard, according to the World […]

Antigua: No Intention to Reengage With International Monetary Fund

Above: Antigua (CJ Photo) By the Caribbean Journal staff Following the successful completion of its Stand-By Arrangement with the International Monetary Fund, Antigua has no plans to reengage with the IMF, according to Finance Minister Harold Lovell. Antigua will maintain […]

Antigua Completes IMF Programme

Above: downtown St John’s (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its 10th and final review of Antigua and Barbuda’s performance under its Stand-By Arrangement. The IMF will now disburse $25.4 million […]

Central Bank: Trinidad Economy Grew Just 0.2 Percent in 2012

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago saw GDP growth of just 0.2 percent in 2012, lower than its expected rate of 1 percent, according to Central Bank Governor Jwala Rambarran. The shortfall […]

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 […]

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 […]

In Brussels, Haiti’s Martelly Meets With European Union Leadership

Above: Haiti President Michel Martelly and European Council President Herman Van Rompuy (Photo: OP Haiti) By the Caribbean Journal staff Haiti President Michel Martelly met Monday with Herman Van Rompuy, the President of the European Council, during his trip to […]

Haiti’s Economy “Continues to Grow,” But Must Accelerate Reconstruction: IMF

Above: Jacmel during Carnival By the Caribbean Journal staff Haiti’s economy is moving in a positive direction, though at a level below that projected by the International Monetary Fund’s Extended Credit Facility arrangement, the IMF said following the conclusion of […]

Jamaica’s Phillips: Country Must Put Debt on Downward Trajectory

Above: Finance Minister Dr Peter Phillips By the Caribbean Journal staff Jamaica must develop comprehensive policies aimed at putting the country on the path toward reducing its debt burden, according to Finance Minister Dr Peter Phillips. Jamaica’s debt payments were, […]

Guyana’s Case of the Missing Hansard

Above: Parliament in Guyana By the Caribbean Journal staff The Parliament office in Guyana has been given a period of two months to find and submit full Hansard records of the country’s National Assembly for the period January 1985 to […]

CARICOM-United States Trade Up 39 Percent in the Last Three Years

Above: the fourth meeting of the US-CARICOM Trade and Investment Council in Georgetown (Photo: CARICOM) By the Caribbean Journal staff Bilateral trade between the Caribbean Community and the United States has grown by 39 percent in the last three years, […]

Haiti’s Martelly Meets with EU Development Commissioner Piebalgs

Above: Haitian President Michel Martelly meets with victims of the Tabarre market fire last month (Photo: OP) By the Caribbean Journal staff European Union Development Commissioner Andris Piebalgs is in Haiti for a meeting with President Michel Martelly, as part […]

Panama Receives $100 Million Loan to Aid Natural Disaster Response

By the Caribbean Journal staff Panama is working to increase its ability to withstand natural disasters, like the severe flooding that disrupted navigation on the Panama Canal in 2010. Now, with help from a $100 million standby loan from the […]

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, […]

Grenada Seeks End to Industrial Impasse

By the Caribbean Journal staff While it appeared that the industrial strike at Grenada Breweries Limited had ended at the end of December, the impasse continues, and Grenada’s government is seeking to bring it to an end. If the impasse […]

United States Imports of Haitian Apparel Jump 46 Percent

Above: an atelier in Haiti (Photo: Clinton Bush Haiti Fund) By the Caribbean Journal staff United States imports of Haitian apparel jumped by 46 percent from January to August of this year, according to the recently-released Ninth Report to Congress […]

Digicel to Build $45M Haiti Marriott Hotel

By the Caribbean Journal staff The Digicel Group will build a $45 million, 173-room hotel in Port-au-Prince operating under the Marriott brand the company announced. Port-au-Prince has roughly 500 hotel rooms currently in operation, and the hotel, which would target […]

Bartlett: Tourism Underrated in Jamaica

Above: Goldeneye in Jamaica By the Caribbean Journal staff There is a general ignorance of tourism’s contribution to Jamaica, according to Tourism Minister Ed Bartlett, and there is evidence that some people are prepared to position the industry in a […]

Jamaica’s Golding Won’t Seek Re-Election

By the Caribbean Journal staff Jamaican Prime Minister Bruce Golding said he would not be seeking re-election at the Jamaica Labour Party’s annual conference in November, and will step down as Prime Minister as soon as a new leader has […]

A New Way to Fly to Abaco in The Bahamas

Another airline is launching service between the United States and Abaco in The Bahamas: JSX Airlines. JSX has announced plans to launch service between Miami and Marsh Harbour, Abaco beginning Dec. 14. “The airline’s plan is to connect Dallas (DAL) […]

Antigua and Barbuda Seeing “Significant” Airlift Demand

Antigua and Barbuda is seeing record-breaking tourism numbers, and that’s leading to “significant” demand for new routes to the destination from global airlines. To continue the destination’s push, Antigua and Barbuda Tourism officials, led by Minister of Tourism, Investment, Civil […]

In Barbados, a Showcase for Caribbean Tourism

The Caribbean Hotel and Tourism Association (CHTA), in collaboration with Barbados Tourism Marketing Inc., and the Barbados Hotel and Tourism Association, is set to host Caribbean Travel Marketplace, taking place from May 9 – 11 at the Lloyd Erskine Sandiford […]

From Antigua to Saint Lucia to St Kitts, This Caribbean Airline Is Growing