Search Result for: fiscal

363 results found.

Grenada Getting $15 Million Loan For Growth, Climate Resilience

By Dana Niland CJ Contributor The World Bank Board of Directors has approved a $15 million Development Policy Credit and Loan (DPC/DPL) with Grenada. This financing aims to foster sustainable conditions for private investment, improve public resource management, strengthen the […]

What Jamaica Needs to Succeed

By Dennis Chung CJ Contributor One of the things we often forget is that development of a company or a country is primarily for the purpose of advancing the lives of people, and not just measuring numerical indicators. Although companies […]

What’s Restricting Growth in Jamaica

The growth question By Dennis Chung CJ Contributor In my last article, I asked the question why is growth so elusive to Jamaica and identified some of the challenges that restrict our ability to grow. These are not new and […]

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 […]

Cayman’s Economy Up 1.4 Percent

Economy grows in early 2015 By Dana Niland CJ Contributor The Cayman Islands economy experienced a 1.4 percent growth in the first quarter, according to a report by the Economics and Statistics Office. A number of sectors contributed to the […]

A New $137 Million Train Project in Puerto Rico

A major new infrastructure project By Dana Niland CJ Contributor Governor Alejandro García Padilla announced that his administration is set to begin the first phase of the train route between San Juan and Caguas. The Novotren project will create a […]

Tourism Driving Stronger GDP Growth in Grenada

IMF says GDP growth quickening By the Caribbean Journal staff Grenada’s economy is on the rise. The country’s GDP growth forecast has been revised upward significantly by the IMF, following the organization’s latest visit to the country. While Grenada had […]

Puerto Rico Launching $15 Million Project to Transform El Yunque Gateway

Major project for Puerto Rico’s famous rainforest By the Caribbean Journal staff The approach to Puerto Rico’s El Yunque rainforest is about to change. Puerto Rico Governor Alejandro Garcia Padilla has announced the launch of a new project to improve […]

Transforming Caribbean Futures

Innovation and the Caribbean future By Ryan Peterson CJ Contributor With the search and surge of silicon beaches and start-ups across small island states of the Caribbean, the imperative for innovation is prominently featured in regional and national visions for […]

Why It’s Time for Jamaica’s Economic Independence

A new kind of independence? By Dennis Chung CJ Contributor ON August 6, 1962, Jamaica gained political independence, and many people watched the Jamaican flag raised while the Union Jack was lowered for the last time. This symbolised Jamaica’s new-found […]

Jamaica’s Surplus Question

What’s the right target? By Dennis Chung CJ Contributor THE primary surplus on the fiscal accounts can be defined as what is left to service debt after the government considers its revenues and expenditure on running the country. So wages, […]

How Tourism Saves Jamaica

By David P Rowe Op-Ed Contributor During the recent Greek debt crisis, commentators have been referring to Jamaica as an example of another country with a huge debt burden. This is true — Jamaica’s gross public debt hovers higher than […]

Barbados Economy Showing Growth

After two slow years, signs of life By Dana Niland CJ contributor The International Monetary Fund (IMF) is projecting positive GDP growth for Barbados this year as a result of increased tourism arrivals and accelerated growth in key markets. After […]

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, […]

How St Lucia Is Providing a Boost for Its Creative Community

Above: St Lucia (CJ Photo) By the Caribbean Journal staff More and more Caribbean governments are starting to acknowledge the importance of the creative class to national development. Now, the government of St Lucia is launching a new initiative to […]

What Are Jamaica’s Options on Public-Sector Wages?

By Dennis Chung CJ Contributor ONCE again the public sector wage negotiation is the main topic of the day in Jamaica. This was also the case in 2004, when the first round of wage freezes was agreed. Then, just like […]

Barbados Tourism Marketing Names Three New Hires

Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados Tourism Marketing Inc. has named three new team members. The gh res are led by a new digital marketing and social media manager, Gabriel Isaie. Above: Gabriel Isaie BTMI has also […]

Grenada Launches Long-Term Plan For Development

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada has officially launched its new long-term development plan. The “2030 National Plan” is slated for completion by June 2016, and will soon be tabled in Parliament, according to a government […]

Could the “Singapore Experience” Have Happened in Trinidad?

Above: Port of Spain (CJ Photo) By Paul Hay CJ Contributor Lee Kuan Yew, Singapore’s first Prime Minister, died on 23 March 2015; and on 29 March 2015, the Straits Times published an article titled “The Singapore That Lee Kuan […]

Barbados Breaks Tourism Record

Above: Barbados (CJ Photo) By the Caribbean Journal staff Barbados tourism broke a 25-year record in the first quarter of 2015, according to the Barbados Tourism Marketing, Inc. The island received 171,471 stayover arrivals in the first quarter, a 15.1 […]

Why Jamaica Needs a Long-Term View

By Dennis Chung CJ Contributor Recently, I said to someone that one of the challenges Jamaica has as a country is that we are too focused on immediate gratification, and not on the long-term effects of our actions. As a consequence, […]

What Do Economic and Social Change Look Like in Jamaica?

By Dennis Chung CJ Contributor PERHAPS the question I get asked most frequently is about the economy and the prospects for it. One of the things I hate the most is when people engage you on the economy and ask […]

Rethinking Jamaican Development

By Dennis Chung CJ Contributor ONE of the things I encourage my staff to do is feel free to be critical of me as CEO of the Private Sector Organisation of Jamaica (PSOJ), which leads to having an environment where […]

What Obama’s Visit Meant to Jamaica

By David Rowe Op-Ed Contributor What first came across from last week’s visit to Jamaica by United States President Barack Obama was the pride. Jamaica was proud to host what was the first visit to the country by a sitting […]

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 […]

The Caribbean’s Catch-22

By Ryan Peterson CJ Contributor So, what is the catch of the day? A quick perusal of Caribbean agendas will provide a litany of the perennial weaknesses and opportunities for development, ranging from tourism to technology, green to gender equality, […]

St Kitts, IMF Hold Talks in Basseterre

Above: the talks in Basseterre By the Caribbean Journal staff St Kitts and Nevis Prime Minister Dr Timothy Harris met Tuesday with a delegation from the International Monetary Fund. According to a government statement, the purpose of the meeting was […]

Making the Caribbean Blue

By Deodat Maharaj Op-Ed Contributor CARIBBEAN COUNTRIES face a variety of serious economic challenges which act as major impediments to their growth and development. The continued reliance on one major export product with associated vulnerability to economic shocks as well as […]

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