Search Result for: global finance

110 results found.

Op-Ed: Truth, Lies, Tax and Cayman

By Gonzalo Jalles Op-Ed Contributor IT IS NO SURPRISE that the United Kingdom’s Guardian newspaper has once again attacked the Cayman Islands and other Overseas Territories. What does come as a surprise is when the article is written by a […]

IDB, CDB Sign $20M Agreement For Projects in Dominica, Grenada, St Lucia

Above: Dominica (CJ Photo) By the Caribbean Journal staff The Inter-American Bank and the Caribbean Development Bank have signed a $20 million agreement for a global loan programme for projects in four Organization of Eastern Caribbean States countries. The loan […]

Vanderpool-Wallace: The Missing Link For Tourism in the Caribbean

By Vincent Vanderpool-Wallace CJ Contributor TOURISM MINISTERS and Commissioners and their counterparts in the private sector in the Caribbean have come to see that the region’s tourism industry is vastly underperforming compared to the potential that they see. Hotel occupancies […]

Op-Ed: Why Jeffrey Sachs is Wrong on the Cayman Islands

By Gonzalo Jalles Op-Ed Contributor COLUMBIA UNIVERSITY’S finest, Professor Jeffrey D Sachs, has exploded into print for the second time in a week with yet another withering condemnation of The Cayman Islands. His preferred medium is, once again, the London-based […]

Op-Ed: The Caribbean’s “Depth” Crisis

By Zhivargo S. Laing Op-Ed Contributor WHILE GOVERNMENT DEBT remains worrisome for many Caribbean and Latin American countries, socio-economic depth may be the more serious worry for sustainable growth and development in the future. Socio-economic depth here refers to the […]

Anguilla, BVI, TCI, Montserrat Agree on Automatic Sharing of Tax Information

Above: Anguilla By the Caribbean Journal staff The British Overseas Territories of Anguilla, the British Virgin Islands, the Cayman Islands, Montserrat, the Turks and Caicos Islands and Bermuda have agreed to automatically share tax information with the UK and with […]

Haiti’s Bankers Get IFC Training

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff A group of 19 bankers in Haiti is receiving training from the World Bank Group’s International Finance Corporation. The five-day training session, which is being conducted this week, seeks to improve […]

Cayman Joining G5 Multilateral Tax Information Exchange Pilot

Above: Georgetown (CJ Photo) By the Caribbean Journal staff The Cayman Islands has committed to joining a recently-announced pilot on multilateral automatic exchange of tax information. Cayman expressed its interest in the pilot, which was recently announced by the United […]

Trinidad Foreign Minister Meets With OAS Secretary General

Above: the meeting in Washington (OAS Photo) By the Caribbean Journal staff Trinidad and Tobago Foreign Minister Winston Dookeran met Monday with Organization of American States Secretary General Jose Miguel Insulza in Washington. The meeting, which followed Trinidad and Tobago […]

Grenada Plans to Restructure Debt

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s government will undertake a “comprehensive and collaborative restructuring of its public debt, it announced this weekend. The government said “circumstances have forced” the move, which will include its US and […]

IFC Names Haiti Native as VP for Latin America and the Caribbean

Above: the IFC’s headquarters By the Caribbean Journal staff The IFC, a member of the World Bank Group, has named Haiti native Jean Philippe Prosper its new vice president for Latin America and the Caribbean. Prosper, whose portfolio will also […]

Op-Ed: What’s Wrong With Jamaica’s International Monetary Fund Deal

By Kent Gammon Op-Ed Contributor JAMAICA JOINED the International Monetary Fund (IMF) in 1963. At that time, Jamaica had positive international net reserves of US$115.8 million falling by 1976 to negative net international reserves of $435.5 million. In 1976, Jamaica […]

Cayman Islands Finds Itself in Washington Politics — Again

Above: Grand Cayman (CJ Photo) By the Caribbean Journal staff The Cayman Islands, which ultimately played a significant part in the US Presidential campaign last fall, is once again at the centre of Washington politics over US Treasury Secretary Nominee […]

IFC to Help Provide Disaster Insurance for Micro-Entrepreneurs in Haiti

Above: flooding after Sandy (UN Photo/Logan Abassi) By the Caribbean Journal staff The International Finance Corporation, a member of the World Bank Group, is partnering with donors on a programme to help provide disaster insurance for micro-entrepreneurs in Haiti. The […]

Dennis Chung: Jamaica Without the IMF

By Dennis Chung CJ Contributor AS I READ the Dec. 29, 2012 statement, issued by Jamaica’s Finance Minister concerning the status of the International Monetary Fund negotiations, I thought to myself that it is not clear when Jamaica is […]

Haiti Receives $50 Million IDB Grant for Children’s Education

Above: the Academy for Peace and Justice, a free secondary school in Haiti By the Caribbean Journal staff Haiti will soon receive a $50 million grant from the Inter-American Development Bank to be used for children’s education, the Bank announced. […]

Cayman Signs Tax Agreement With Italy

Above: the Cayman Islands Legislative Assembly (CJ Photo) By the Caribbean Journal staff The Cayman Islands and Italy signed a tax information exchange agreement on Monday. “We are pleased to see this tax information exchange agreement come to fruition, and […]

Post-Earthquake Housing in Haiti

Above: housing near Delmas 32 (Photo: Mercidieu Moranvil) By Dieudonné Joachim The already acute pre-earthquake housing problem in Haiti was magnified when 190,000 homes were destroyed or damaged after the Jan. 12, 2010 trembler. Even though the construction sector experienced […]

Op-Ed: Belize’s Debt Payment

By Kay Menzies Op-Ed Contributor Certain realities are very much present in our daily economic life in Belize. For example, the population is, at this point, fully aware that we have a huge debt burden relative to our country’s size. […]

Jamaica, Macau Sign Tax Agreement

Above: Macau Tower By the Caribbean Journal staff Jamaica and Macau have signed an agreement on the exchange of information on tax matters, Finance Minister Dr Peter Phillips said Friday. The pact will strengthen administrative cooperation between the two countries, […]

IMF Downgrades 2012 Growth Outlook for St Kitts and Nevis

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund has downgraded its growth outlook for St Kitts and Nevis for 2012 from 0 to -0.7 percent, it said following the conclusion of a mission […]

Grenada, Barbados, Dominica Warn UN on Impact of Climate Change

Above: Grenada’s Permanent UN Representative, Dessima Williams (UN Photo/Rick Bajornas) By the Caribbean Journal staff Grenada Permanent Representative to the United Nations Dessima Williams and Barbados Foreign Minister Sen. Maxine McClean urged the global body to pay attention to the […]

Jamaica’s House Passes Bill on Foreign Company Tax Exemption

Above: Jamaica Finance Minister Dr Peter Phillips By the Caribbean Journal staff Jamaica’s House of Representatives has passed a bill offering a tax incentive for officers of global companies that set up their head offices in Jamaica. The Income Tax […]

Op-Ed: The Internationalization of Jamaica’s Small Business Sector

By Richard Kildare Op-Ed Contributor The challenges in developing any economy are many. It is prove, however, that through the infrastructural development of small businesses and entrepreneurship, this sector can account for employing more than 60 to 80 percent of […]

From Haiti to Honduras, Supporting Women’s Health Through Microcredit

Above: treatment at a medical clinic in Gonaives, Haiti (UN Photo/Logan Abassi) By the Caribbean Journal staff A new initiative by the Multilateral Investment Fund will promote business models aimed at offering accessible health services to low-income women in countries […]

Canada-Based Energy Firm Plans Tank Storage Facility in Nevis

Above: Charlestown, Nevis (CJ Photo) By the Caribbean Journal staff Nevis could soon be the site of a planned $400 million tank storage facility for refined and unrefined hydrocarbon products, the company announced Tuesday. The project, which could bring 150 […]

Trinidad at 50: Prime Minister Kamla Persad-Bissessar’s Independence Address

Above: Trinidad Prime Minister Kamla Persad-Bissessar (Photo: OPM Trinidad) Trinidad and Tobago marked the 50th anniversary of its independence Friday. The country achieved its independence from the Great Britain on Aug. 31, 1962. The following is the text of Trinidad […]

Jamaica’s Phillips Urges Credit Unions to Comply with International Regulations

Above: Jamaican Finance Minister Peter Phillips By the Caribbean Journal staff Jamaican Finance Minister Peter Phillips is urging the country’s credit unions to promote the need to adhere to international financial regulations. “The global environment is now requiring us to […]

This Is the Best-Value All-Inclusive Vacation in the Caribbean