Search Result for: minister of finance

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Barbados Signs $10 Million Loan Deal With IDB

Barbados has signed a pair of agreements with the Inter-American Development Bank for $10 million in loan financing. The funding will finance a programmed aimed at strengthening “human and social development” on the island, according to a government statement. Barbados […]

What Jamaica Needs for Sustainable Growth

A recipe for sustainable expansion By Dennis Chung CJ Contributor The Planning Institute of Jamaica has reported good news that the economy is estimated to have grown by 1.5 per cent for the July to September 2015 quarter. Of note […]

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 […]

Turks and Caicos Islands Forming New Investment Agency

Above: The Turks and Caicos Islands By the Caribbean Journal staff The Turks and Caicos Islands is creating a new inward investment promotion agency, according to the government. Invest TCI, as the organization will be known, has already appointed its […]

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 […]

St Maarten Has a New Government

Above: St Maarten’s new government By Alexander Britell It’s been almost four months since voters in St Maarten headed to the polls to choose their next government. And after a chaotic process, the country finally has its new government led […]

Fitch Downgrades Aruba Credit

Above: Aruba By the Caribbean Journal staff Fitch Ratings has downgraded Aruba’s long-term foreign and local currency issuer ratings to BBB- from BBB, the New York-based ratings firm announced. The firm said the island’s sovereign creditworthiness had “deteriorated” since 2009 […]

Tobago Wants “Separate Airline” to Service Trinidad-Tobago Route

Above: Tobago (CJ Photo) By the Caribbean Journal staff The Tobago House of Assembly says it wants a “separate airline” to service the Trinidad-Tobago airbridge. THA Chief Secretary Orville London raised the issue during a 2015 budget consultation last week. […]

Bermuda Mourns Loss of Former Premier Sir David Gibbons

Above: Former Bermuda Premier Sir David Gibbons By the Caribbean Journal staff Bermuda is mourning the loss of former Premier Sir David Gibbons, who passed away last week. Gibbons, who was 85, served as Premier of Bermuda from 1977 to […]

Cayman Names New Cabinet

Above: Cayman (CJ Photo) By the Caribbean Journal staff Cayman Premier Alden McLaughlin named his new Cabinet on Tuesday at his government’s first press briefing. McLaughlin himself will hold the portfolio of Home and Community affairs, while Deputy Premier Moses […]

Barbados Announces New Cabinet

Above: Parliament in Barbados (CJ Photo) By the Caribbean Journal staff Barbados Prime Minister Freundel Stuart has announced his new Cabinet, following his Democratic Labour Party’s 16-14 election victory last week. The Cabinet includes 16 Ministers, excluding Stuart, with some […]

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 […]

Op-Ed: The IMF, Chavez, and Jamaica’s Economic Future

By David Rowe Op-Ed Contributor FOR THE LAST 12 MONTHS, Jamaica has been in intermittent negotiations with the IMF. These negotiations have not yet yielded a new agreement. It is now acknowledged internationally that Jamaica is in an economic crisis. […]

Op-Ed: Kent Gammon on Reversing Jamaica’s Economic Decline

By Kent Gammon Op-Ed Contributor THE JAMAICAN ECONOMY continues to lag behind the rest of the world with a dismal 1.3 percent growth forecast for 2013. The Jamaican dollar is being sold officially for 92 dollars to one US […]

St Lucia to Debate 8 Percent Value Added Tax on Hotel Sector

By the Caribbean Journal staff St Lucia’s House of Assembly is meeting this week to debate several major motions, including a proposal from the Minister of Finance to set a Value Added Tax rate of 8 percent on the country’s […]

Op-Ed: Jamaica and the IMF

By David Rowe Op-Ed Contributor Shortly after the election of the People’s National Party Government in Jamaica, I reminded in this Journal that Jamaica needed to drastically improve its murder rate and corruption index; without doing so, it was unlikely […]

Bermuda Appoints New Chief Justice

Above: the appointment ceremony (Photo: Bermuda Gov) By the Caribbean Journal staff Bermuda has appointed Ian Kawaley as the island’s new Chief Justice. Justice Kawaley signed his instruments of appointment in a ceremony last week with Governor Sir Richard Gozney. […]

Op-Ed: Political Suspense in Jamaica

By Ramesh Sujanani Op-Ed Contributor It is now the eve of parish council elections in Jamaica. This time it is concurrent with the General Elections in which the PNP (People’s National Party) surprisingly won a mandate over the JLP (Jamaica […]

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, […]

Manufacturing Rebounds in St Kitts

By the Caribbean Journal staff Manufacturing is on the rebound in St Kitts and Nevis, according to Prime Minister Dr Denzil Douglas. After a 19.6 percent decline in 2009, the sector grew by 2.2 percent last year. “This is attributed […]

Japan Grants $15 Million for Green Energy in Small Island States

Above: foreground, Naoko Ishii and Karl Hood By the Caribbean Journal staff The government of Japan has announced a $15 million grant to support clean energy efforts by Small Island States. The money targets the SIDS-DOCK partnership, an initiative launched […]

BCQS Opening Port of Spain Office

By the Caribbean Journal staff Property and development consultancy BCQS is opening an office in Trinidad and Tobago, the firm announced today. “Given our Caribbean-wide footprint, and the importance of Trinidad and Tobago’s economy within the region, we determined some […]

Bloomberg Hosts Jamaica Trade Forum

By the Caribbean Journal staff Jamaican political and business leaders recently took center stage at a trade and investment forum at Bloomberg’s international headquarters in New York City, in an event coordinated by Dr Geneive Brown Metzger, Jamaica’s Consul General […]

Marcia Forbes: Jamaica after Golding

By Marcia Forbes A Fractious Party The ruling Jamaica Labour Party is a political party that has experienced a fair share of internecine conflict driven by various factions and what some describe as “unbridled self-interests.” The 1999 “Gang of Five” […]

In Jamaica, an Energetic Tax Debate

Above: from left, Dr Peter Phillips and Minister Audley Shaw By the Caribbean Journal staff Jamaica’s cabinet decision to re-introduce a Special Consumption Tax on energy drinks in the country has led to a political row. The tax had reportedly […]

Jamaica Seeks More Chinese Investment

Above: the Chinese embassy in Jamaica Above: the Chinese Embassy in Jamaica (Photo: Chinese Embassy) Jamaican Minister of Finance Audley Shaw said an invitation has been extended to the Chinese to expand their investments in the country. Shaw, who was […]

Air Jamaica, Caribbean Airlines Merge

Air Jamaica and Caribbean Airlines have formally merged, with the Jamaican and Trinidadian airlines agreeing to create a “larger product which will build capacity and critical mass,” according to Audley Shaw, Jamaica’s Minister of Finance. “It will also allow for […]

Four Seasons Project Restart Leading Renewed Foreign Investment in Barbados

Four Seasons Residences, Clearwater Bay, Barbados A slew of new projects in Barbados, including at Four Seasons, Beachlands, Cost-U-Less and Fort Ferdinand, could mean a big boost in foreign investment in Barbados, according to Minister of Finance Chris Sinckler. “People […]

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