Search Result for: macroeconomic

90 results found.

Phillips: Jamaica and IMF Making Progress on Agreement

Above: Jamaica Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff Jamaica and the International Monetary Fund are making progress on a long-awaited agreement between the two sides, according to Finance Minister Dr Peter Phillips. “We are at […]

Interview with Barbados Minister of Tourism Richard Sealy

Above: Tourism Minister Richard Sealy (CJ Photo) By Alexander Britell The Caribbean tourism sector is in a period of change, as the region seeks to emerge from the global downturn. As Caribbean nations like Barbados look to move beyond the […]

IMF: Dominican Republic Economy Slows Down, Fiscal Position Deteriorates

By the Caribbean Journal staff The Dominican Republic’s economy has slowed down this year, according to the International Monetary Fund, which recently concluded a staff visit to the country. The meeting, which took place from Sept. 10 to Sept. 18, […]

IMF: Weak Demand, Banana Crop Hold Back Dominica’s Economic Recovery

Above: Dominica By the Caribbean Journal staff While Dominica’s authorities’ public investment has helped the country withstand a challenging economic environment, weak demand and the outbreak of the Black Sigatoka banana disease will “continue to hold back” a recovery, according […]

Op-Ed: Harnessing the Power of Small Business in Jamaica

By Richard Kildare Op-Ed Contributor It is a fact that micro, small and medium-sized enterprises are critical to the development of every nation’s growth. It is not a position that can be seriously disputed; MSME’s are a virtual powerhouse and […]

Haiti’s Central Bank “Well-Capitalized”

Above: Plage de Morisseau in Haiti (Photo: MT Haiti) By the Caribbean Journal staff Haiti’s Bank of the Republic of Haiti central bank is “well-capitalized,” the organization said in a release Thursday. The bank reported a positive balance of approximately […]

IMF Concludes Antigua Review Mission

Above: Antigua (Photo: AT) By the Caribbean Journal staff The International Monetary Fund recently concluded its seventh stand-by arrangement review mission to Antigua and Barbuda. The mission, which was led by Geoffrey Bannister, took place from Aug. 14 to Aug. […]

Jamaican Growth Flat in Second Quarter

Above: Planning Institute of Jamaica Director General Dr Gladstone Hutchinson (FP) By the Caribbean Journal staff Jamaica’s economy grew by 0.1 percent in the second quarter, according to data released by the Planning Institute of Jamaica. PIOJ Director General Dr […]

St Kitts and Nevis to Receive $4.76 Million Disbursement from IMF

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis will be receiving a $4.76 million disbursement from the International Monetary Fund following approval by the fund’s Executive Board. The Stand-by arrangement was originally approved […]

Jamaica Eyes Future as Logistics Hub

Above: Investment Minister Anthony Hylton at the roundtable this week (JIS Photo) By the Caribbean Journal staff With the expansion of the Panama Canal on the way, Jamaica’s proposal to establish the country as a global logistics hub is integral […]

St Kitts and Nevis Meets Performance Targets, But IMF Lowers Growth Outlook

Above: St Kitts (Photo: SKT) By the Caribbean Journal staff The International Monetary Fund has lowered its economic outlook for St Kitts and Nevis’ economy in 2012, with a projected growth of zero percent, although the country did meet all […]

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 Gets PetroCaribe Grant for JEEP

Above: Jamaican Prime Minister Portia Simpson Miller and Works Minister Dr Omar Davies at a JEEP project site earlier this year (JIS Photo) By the Caribbean Journal staff Jamaica has received an $11.5 million USD grant from the PetroCaribe Fund […]

Op-Ed: Jamaica, Greece and Putting the People Before the Creditors

By Jake Johnston Op-Ed Contributor Jamaica is barely emerging from its worst economic downturn in the last 30 years. Even after positive growth returned in 2011, the economy remains 3 percent below its 2007 level, and with anaemic growth projected […]

El Salvador Signs Agreement to Host 34th Session of ECLAC in August

Above: ECLAC’s headquarters in Santiago (Photo: ECLAC) By the Caribbean Journal staff The United Nations Economic Commission for Latin America and the Caribbean will host its 34th Session in San Salvador, El Salvador in August, following an agreement signed Tuesday. […]

Jamaica’s Economic Recovery “Fragile,” With Strong Downside Risks: IMF

Above: IMF Mission Chief for Jamaica Luis Breuer and Jamaican Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff While Jamaica saw positive GDP growth in 2011, following three consecutive years of decline, its recovery remains “fragile,” according […]

Haiti Economy Continues Recovery, but Political Deterioriation a Risk: IMF

Above: Miragoane, Haiti (UN Photo/Victoria Hazou) By the Caribbean Journal staff Haiti’s economy has as a favourable outlook, and continues to recover, though economic and political risks remain, according to the International Monetary Fund. The International Monetary Fund’s Executive Board […]

Latin America and Caribbean “Resilient” to European Debt, Chinese Deceleration

Above: Nassau (CJ Photo) By the Caribbean Journal staff The economies of Latin America and the Caribbean remain “resilient” to a possible slowdown in world economic growth stemming from a potential deepening of the European debt crisis deceleration in China, […]

IMF Begins Article IV Review in Jamaica

Above: Finance Minister Dr Peter Phillips By the Caribbean Journal staff The International Monetary Fund is now undertaking an Article IV review, which could signal the beginning of negotiations for a new programme with the IMF. The IMF Mission’s review […]

Jamaican Prime Minister Hopeful on New International Monetary Fund Agreement

Above: Jamaican PM Portia Simpson Miller (Photo: OPM) By the Caribbean Journal staff Jamaican Prime Minister Portia Simpson Miller said the new International Monetary Agreement that is soon to be negotiated will provide confidence to the business community. According to […]

International Monetary Fund: Trinidad’s Economy “Turning the Corner”

Above: St Augustine, Trinidad By the Caribbean Journal staff Despite “ongoing technical disruptions” in Trinidad’s energy sector, the country’s economy is showing positive signs, according to the International Monetary Fund, which completed a visit to conduct the 2011 Article IV […]

Jamaica Begins Talks with IMF

Above: Finance Minister Dr Peter Phillips (right) is welcomed to the Mayberry Investment Forum Wednesday by Mayberry Investments CEO Gary Peart (JIS Photo) By the Caribbean Journal staff The Jamaican government has begun preliminary talks with the International Monetary Fund, […]

Interview with Turks and Caicos Chief Executive Officer Patrick Boyle

By Alexander Britell Turks and Caicos’ government has been moving forward on a plan to restore the territory to stability, most recently announcing the appointment of five new permanent secretaries who will develop five new government ministries: Border Control and […]

Barbados: “We Will Not Roll Over and Play Dead” in Economic Recession

Above: Finance Minister Chris Sinckler By the Caribbean Journal staff Barbados will not “roll over and play dead” during the current economic recession, according to Finance Minister Chris Sinckler. “That’s not the stance this government has, or will ever take, […]

IDB Grants Suriname $40 Million Loan to Strengthen Financial Sector

Above: Paramaribo (UNESCO Photo) By the Caribbean Journal staff The Inter-American Development Bank has approved a $40 million loan that supports the government of Suriname’s financial sector reform programme. “Suriname has enjoyed robust and macro-economically balanced growth for the past […]

Standard & Poor’s Lowers Barbados Outlook, Warns of Rising Downgrade Risk

Above: Parliament in Barbados By Alexander Britell Ratings firm Standard & Poor’s affirmed its BBB-/A-3 local and foreign currency sovereign credit ratings on Barbados this week, but lowered its outlook from stable to negative. “We base our ratings on Barbados […]

S&P Explains Bahamas Downgrade

Above: downtown Nassau (Photo: CJ) By Alexander Britell On Monday, ratings firm Standard & Poor’s announced it had lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, citing a heavier weight its new sovereign credit rating criteria places on […]

S&P Lowers Bahamas Sovereign Rating

By the Caribbean Journal staff Standard & Poor’s today lowered the Bahamas’ sovereign credit rating from BBB+/A-2 to BBB/A-3, calling the country’s outlook “stable.” The ratings agency cited economic vulnerabilities given a dependence on tourism and on the US market, […]

The Ultimate Island-Hopping Vacation in The Bahamas