Search Result for: expenditure

162 results found.

Major $487 Million Resort Project Coming to St Thomas, US Virgin Islands

Above: a rendering of the project (USVIG) By the Caribbean Journal staff A major new resort development is coming to the island of St Thomas, including its first new hotel in two decades. US Virgin Islands Governor John de Jongh […]

The Caribbean’s Air Tax Problem

Above: St Thomas (CJ Photo) By Alexander Britell ST THOMAS — On a recent visit to Liat.com, a ticket from Antigua to neighbouring St Kitts cost $108.00. With taxes and fees, however, the price jumped almost 70 percent — an […]

Healthcare in the Caribbean

By Paul Hay CJ Contributor The World Health Organization (WHO) published a ranking of global healthcare systems in their World Health Report 2000. According to an article in the June 29, 2012 edition of the Business Insider entitled “These are […]

Trinidad and Tobago Economy “Embarking on Sustainable Growth Path”

Above: Port of Spain, Trinidad (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago’s economy is “embarking on a sustainable growth path,” the International Monetary Fund said following its Article IV Consultation with the country earlier this week. The […]

Moody’s Downgrades Barbados Rating, Outlook Remains Negative

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff New York-based ratings firm Moody’s Investors Service has downgraded Barbados’ government bond rating to B3 from Ba3. The three-notch downgrade reflected several factors, Moody’s said, including the increasing size of the […]

Belize Prime Minister, IDB President Hold Talks in Washington

Above: Belize Prime Minister Dean Barrow By the Caribbean Journal staff Belize Prime Minister Dean Barrow visited Washington this week and met with officials at the Inter-American Development Bank. Barrow held talks with IDB President Luis Alberto Moreno to discuss […]

Bahamas Planning to Introduce 7.5 Percent Value Added Tax in 2015

Above: Bahamas Prime Minister Perry Christie By the Caribbean Journal staff The Bahamas is planning to introduce a new 7.5 percent value added tax, the government announced this week. The tax will be a single VAT rate across the board, […]

Fear and the Jamaican Economy

By Dennis Chung CJ Contributor FEAR can be a very important learning tool if one understands and embraces it. A child for example learns through fear, and understanding how to minimize the risk associated with the fear. If, however, the […]

Diversifying Jamaica’s Energy Mix

By Paul Hay CJ Contributor In an article in Jamaica’s Sunday Gleaner dated 21 April 2013 titled: “More Lessons from the Past – Missed Energy Opportunities”, William Saunders, Energy Consultant, outlined Jamaica’s failure to act upon initiates to diversify its […]

Jamaica’s Path to Prosperity

By Dennis Chung CJ Contributor Jamaica’s January fiscal numbers reveal a concern that many of us expressed at the start of the International Monetary Fund agreement: that achieving the primary surplus target is going to be very challenging. The numbers […]

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 […]

Jamaica to Receive $80 Million IDB Loan for “Fiscal Sustainability”

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica will be receiving an $80 million loan from the Inter-American Development Bank aimed at improving the “effectiveness and efficiency” of the country’s tax system. The loan will target “fiscal sustainability,” […]

Puerto Rico Rating Downgraded to Junk Status By Standard and Poor’s

Above: San Juan (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its rating on the government of Puerto Rico’s general obligation debt to junk status, the New York-based ratings firm announced Tuesday. The firm lowered Puerto […]

Changing the Attitude in Jamaica

By Dennis Chung CJ Contributor PROBABLY THE best known sporting brand, Nike, has a very simple tagline — “Just do it.” If you think about it, the tagline simply means that the only way to get results is to act. […]

IMF: Bahamian Economy Recovering at “Painfully Slow Pace”

Above: the Bahamas By the Caribbean Journal staff The economy of the Bahamas is recovering from the effects of the global financial crisis, but at a “painfully slow pace,” according to the International Monetary Fund, which recently concluded its Article […]

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 […]

Political Independence and Economic Development in the Caribbean

By Paul Hay CJ Contributor In 2003, Alvin G. Wint – former head of the Department of Management Studies at the University of West Indies, Mona Campus – noted in his book, “Competitiveness in Small Developing Economies: Insights from the […]

S&P Affirms Credit Rating on Bahamas; Outlook Remains “Negative”

Above: Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s affirmed its “BBB/A-2” sovereign credit rating on the Bahamas on Tuesday, the New York-based firm announced. The outlook on the Bahamas’ long-term credit rating remains negative, however The […]

S&P Affirms Rating on Puerto Rico; Outlook Remains Negative

Above: San Juan (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has affirmed its “BBB-” rating on the Commonwealth of Puerto Rico’s general obligation and appropriation debt, the New York-based ratings firm announced on Wednesday. The rating reflected […]

How Government Aviation Taxes Negatively Impact Caribbean Tourism

The following is the text of a speech given by St Kitts and Nevis Tourism & International Transport Minister Richard Skerritt to the ICAO Plenary Session in Montreal on Wednesday. Mr President, Mr Secretary General, fellow delegates, distinguished ladies and […]

The Jamaican Economy’s Biggest Problem

By Dennis Chung CJ Contributor ON Wednesday I attended the presentation of a report by Professor Vanus James that examined the foreign exchange policy, and what is most appropriate. The study was initiated by Edward Seaga, and is a very […]

Jamaica “Confident” on Passing First International Monetary Fund Test

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is “confident” that it will pass the first quarterly test under its Extended Fund Facility Agreement with the International Monetary Fund, according to Minister Horace Dalley. The country’s first quarterly […]

Phillips: Jamaica Must Make “Hard Financial Decisions Now”

Above: Finance Minister Dr Peter Phillips By the Caribbean Journal staff It is time for Jamaica to make “the hard financial decisions now,” to protect future generations, according to Finance Minister Dr Peter Phillips. The Minister, who was speaking in […]

Haiti: World Bank Approves $20 Million Grant For Public Sector Efficiency

Above: the World Bank’s headquarters By the Caribbean Journal staff The World Bank’s Board of Directors has approved a $20 million grant from the International Development Association targeting public sector efficiency in Haiti. The funding aims to increase “efficiency and […]

Barbados, Brazil Eye Cooperation on Renewable Energy

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados and Brazil are exploring increased cooperation on green energy, according to Environment Minister Dr Denis Lowe. The Minister, who recently held talks with Brazil’s Ambassador to Barbados, Appio Claudio Acquarone, […]

From Anguilla to Aruba, the Best Caribbean Beaches to Visit This Summer