Search Result for: fiscal year

265 results found.

US Virgin Islands Governor Asks Federal Officials For Energy Help

Above: USVI Governor John de Jongh By the Caribbean Journal staff Last year, the United States Virgin Islands lost its primary provider of fuel when it was announced that the HOVENSA oil refinery would be shuttering. That was only part […]

Jamaica Plans $4.5 Million in Funding for Small Business Sector

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica has earmarked approximately $4.45 million in funding for micro, small and medium-sized enterprises in the country for fiscal year 2013/2014, according to Industry Minister Anthony Hylton. Of that money, which […]

Trinidad, Japan’s Mitsubishi Sign Agreement on Petrochemical Project

Above: Port of Spain By the Caribbean Journal staff Trinidad’s government has signed a development agreement for the establishment of a group of petrochemical plants at the Union Industrial Estate in La Brea. The plants will produce methanol and dimethyl […]

Op-Ed: China and the Caribbean

By Erik Neff Op-Ed Contributor IT HAS BEEN NO SECRET that China has taken a strategic economic interest in the Caribbean region. China’s intention to expand its financial influence has been crystal clear — it is seeking new political alliances […]

Jamaica Begins Session of Parliament

Above: Jamaica’s Parliament (FP) By the Caribbean Journal staff Jamaica officially began the 2013/2014 session of Parliament on Thursday with a ceremony at Gordon House. The session officially began with the Throne Speech delivered by Governor General Sir Patrick Allen. […]

IMF: Trinidad and Tobago’s Economy to Grow 1.5 Percent in 2013

Above: Port of Spain By the Caribbean Journal staff Trinidad and Tobago’s economy is projected to grow by around 1.5 percent in 2013, according to the International Monetary Fund, which concluded an Article IV mission to the country this week. […]

IMF: St Lucia to See Pick-Up in Agriculture, Tourism in 2013

Above: St Lucia By the Caribbean Journal staff Following a period of “anemic” activity since the beginning of the downturn, economic activity in St Lucia is poised to “regain some momentum in 2013,” according to the International Monetary Fund, which […]

US Virgin Islands Could Lose $100 Million Due to Sequestration: Report

Above: USVI Governor John de Jongh (Photo: OG) By the Caribbean Journal staff The US Virgin Islands could lose $100 million in federal funding by fiscal year 2021 due to the federal sequestration spending cuts that became official this week. […]

Chung: Fixing Jamaica’s Structural Deficiencies to See Growth

By Dennis Chung CJ Contributor THERE were two occurrences within the past week that reminded me that Jamaica still has a lot to do in order to see long-term sustainable development. There was an announcement that an International Monetary Fund […]

Turks and Caicos Received Just Under 1 Million Visitors in 2012: Report

Above: the TCI By the Caribbean Journal staff The Turks and Caicos Islands received 975,583 total visitors in 2012, a slight drop-off from the 1,009,720 passenger arrivals the territory received in 2011, according to government data. Almost 70 percent of […]

Jamaica Signs Off on IMF Measures; Talks Heading Toward “Final Round”

Above: Minister Peter Phillips (CJ Photo) By the Caribbean Journal staff Jamaica’s Cabinet has signed off on a series of measures required to advance the country’s negotiations with the International Monetary Fund, Finance Minister Dr Peter Phillips said at a […]

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 […]

Jamaica Says 21,000 People Employed Under Emergency Jobs Plan

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica’s government says almost 21,000 people have gained employment under the country’s JEEP programme. The Jamaica Emergency Employment Programme, was launched in March by the People’s National Party government, which marked […]

USVI Sees Big Increase in Air Arrivals

Above: St Croix By the Caribbean Journal staff The United States Virgin Islands is reporting its highest levels of air arrivals since the mid-1990s, according to a report from Texas-based consultants Reynolds, Smith and Hills. The report, which was retained […]

US Virgin Islands Prosecutors Report $3 Million in Collections for 2012

Above: St Thomas By the Caribbean Journal staff The District of the Virgin Islands collected more than $3.02 million in criminal and civil actions for the fiscal year 2012, according to data released by United States Attorney Ronald Sharpe. Of […]

IMF: Belize Experiencing Output Rebound, Tourism Recovery

Above: Belize (Photo: Belize Tourism) By the Caribbean Journal staff Belize is experiencing an output rebound, despite a decline in oil production, according to the International Monetary Fund, which just concluded its yearly review of the country’s economy. According to […]

IMF: Dominica Economic Recovery Continues, But Losing Momentum

Above: Roseau (CJ Photo) By the Caribbean Journal staff Dominica’s economic recovery is continues, but it is losing momentum, according to the International Monetary Fund, which last week concluded its 2012 Article IV Consultation with the country. “Over the past […]

S&P Maintains Negative Outlook on Jamaica, Citing Debt, Low Growth

Above: Kingston By the Caribbean Journal staff Standard & Poor’s has maintained its negative outlook for Jamaica, while affirming its “B-/B” long and short-term sovereign credit ratings on the country, the ratings firm announced. “Our ratings on Jamaica reflect its […]

US Virgin Islands Governor Urges Congress on Budget Deal

Above: US Virgin Islands Governor John de Jongh (Photo: OG) By the Caribbean Journal staff US Virgin Islands Governor John de Jongh, along with 11 Democratic governors, has signed a letter urging congressional leaders to reach a budget deal with […]

Bahamas Government: Ratings Revision Unfortunate, But Not Unexpected

Above: Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s decision Monday to lower its outlook on the Bahamas to negative was unfortunate, but not unexpected, according to a statement from the Bahamian government. The government said it […]

Cayman Islands Increases Import Duties on Cigarettes and Alcohol

Above: Georgetown (CJ Photo) By the Caribbean Journal staff The Cayman Islands has introduced increased import duties on cigarettes and alcohol as part of the territory’s new revenue measures for the 2012/2013 fiscal year, the office of Cayman Premier McKeeva […]

United States Virgin Islands Raises $130 Million in Bond Issue

Above: the USVI By the Caribbean Journal staff The US Virgin Islands Public Finance Authority sold $146 million of Matching Fund Bonds last week, a bond issue that raised $130 million to fund the government’s operating costs for three fiscal […]

Interview with Bahamas Minister of Financial Services Ryan Pinder

Above: Nassau (CJ Photo) By Alexander Britell Ryan Pinder was appointed as the Bahamas’ Minister of Financial Services following the Progressive Liberal Party’s return to power in May 2012. Pinder, an attorney by trade, heads a Ministry dealing with the […]

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 […]

US Virgin Islands Governor Pledges “Leanest Possible Budget”

Above: Governor John de Jongh at a community meeting last week in St Croix (Photo: OG) By the Caribbean Journal staff Governor John de Jongh has submitted the US Virgin Islands’ budget for fiscal year 2013, promising that his administration […]

St Kitts and Nevis Prime Minister: Construction Can Stimulate Economy

Above: St Kitts By the Caribbean Journal staff Construction can provide a boost to the economy of St Kitts and Nevis, according to Prime Minister Dr Denzil Douglas. He said his government has been undertaking an in-depth evaluation of construction-related […]

IMF: Risks to Jamaica’s Economic Outlook “Tilted to the Downside”

Above: Montego Bay By the Caribbean Journal staff The outlook for Jamaica’s economy is one of low growth, along with weaker debt and fiscal positions, in the absence of strong fiscal and structural reforms, according to a report from the […]

Op-Ed: Austerity and Growth in Jamaica

By Ramesh Sujanani Op-Ed Contributor Professor Michael Witter, writing in the Jamaica Gleaner, recently outlined a conflict of interest in the management of recession by governments’ policies in the United States and Europe. It seems that there are two approaches […]

At Nassau’s Baha Mar Resort, The Art of Everything