Search Result for: multilateral

106 results found.

Jamaica Testing Conditional Cash Transfer Job Training Initiative

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is testing an on-the-job training initiative targeting families that participate in the country’s conditional cash transfer programme. The pilot project, financed by the Inter-American Development Bank, will subsidize as many […]

IMF: Jamaica Must Address Structural Impediments to Growth

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica must address “with urgency” the structural impediments to the country’s growth, including its excessive debt burden, the International Monetary Fund said following its visit to the country. The statement by […]

Hylton: Logistics Hub Project Could “Transform” Jamaica’s Economy

Above: Jamaica Industry Minister Anthony Hylton (JIS Photo) By the Caribbean Journal staff The logistics hub project which Jamaica’s government has made priority has the potential to transform the country’s economy, according to Industry Minister Anthony Hylton. The Minister was […]

Haiti Looking to Ease Registration Process for New Companies

Above: Haiti Prime Minister Laurent Lamothe (Photo: OPM Haiti) By the Caribbean Journal staff Haiti’s government says it is continuing its efforts to smooth the process of registration for new companies in the country. On Tuesday, Haiti Prime Minister Laurent […]

World Bank: Haiti’s Economy to Grow 6 Percent, Lead Caribbean in 2013

Above: Haiti (Photo: MT Haiti) By the Caribbean Journal staff Haiti will lead the Caribbean in economic growth in 2013, according to a forecast in the World Bank’s Global Economic Prospects report released Tuesday. That matches a projection by the […]

Chicago Tribune Editorial Calls Jamaica “Greece of the Western Hemisphere”

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is the “Greece of the Western Hemisphere,” according to an editorial published Tuesday by the Chicago Tribune newspaper. The editorial, subtitled “The Greece of the Western Hemisphere,” said that while […]

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 […]

Clinton Bush Haiti Fund Officially Ceases Operations; MIF Assumes Portfolio

Above: the Royal Oasis in Haiti By the Caribbean Journal staff The Clinton Bush Haiti Fund officially ceased formal operations Monday, a move the organization announced in early December. The fund was launched by former United States Presidents Bill Clinton […]

Dennis Chung: Jamaica’s Economy in 2013

By Dennis Chung CJ Contributor ONE QUESTION I get a lot is: what is to be expected of economic performance in Jamaica in 2013? In particular, people want to know about the IMF agreement, the exchange rate, inflation, and GDP […]

Op-Ed: Jamaica and Wall Street

By David Rowe Op-Ed Contributor THE FACT THAT Barbados’ government bonds have been downgraded to junk status was not a good development for the reputation of the Commonwealth Caribbean in international financial markets. Both Moody’s and Standard and Poors now […]

MIF to Assume Responsibility for Clinton Bush Haiti Fund Portfolio

Above: operations at Project MediShare, which received grants from the Clinton Bush Haiti Fund (Photo: CBHF) By Alexander Britell The Multilateral Investment Fund will be assuming responsibility for the portfolio of the Clinton Bush Haiti Fund, which is scheduled to […]

S&P Lowers Credit Rating on Caribbean Development Bank; Outlook Negative

Above: Barbados, home to the CDB, is current on its obligations to the bank (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the long-term foreign currency credit rating on the Caribbean Development Bank to “AA” from […]

UN Launches Plan to Eliminate Cholera in Haiti, Dominican Republic

Above: workers load supplies for distribution to cholera victims (FP/UN Photo/Marco Dormino) By the Caribbean Journal staff A new United Nations initiative aims to eliminate cholera in Haiti and in the neighbouring Dominican Republic, the world body announced Tuesday. The […]

Former US President Jimmy Carter to Help Build 100 Homes in Haiti

Above: Leogane, Haiti (Photo: Habitat for Humanity) By the Caribbean Journal staff Former US President Jimmy Carter and his wife Rosalynn are leading the 29th annual Carter Work Project in Haiti this week. The Habitat for Humanity initiative returned to […]

Haiti: World Bank President Jim Yong Kim to Begin Two-Day Visit

Above: World Bank President Jim Yong Kim By the Caribbean Journal staff World bank President will begin a two-day visit to Haiti Tuesday, his first visit to the Latin American and Caribbean region since he took office at the beginning […]

S&P Raises Grenada’s Foreign Currency Rating After Coupon Payment

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has raised Grenada’s foreign currency sovereign credit ratings on Grenada Tuesday after the country made a coupon payment it had earlier missed. The country’s rating has been raised […]

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 […]

IDB’s Moreno, in Barbados, Calls on Caribbean to Promote SMEs

Above: IDB President Luis Alberto Moreno (OAS Photo/Juan Manuel Herrera) By the Caribbean Journal staff Latin American and the Caribbean need to promote the development of small and medium-sized companies in order to make process on poverty reduction efforts, Inter-American […]

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 […]

Belize PM Heads to Washington

Above: Belize Prime Minister Dean Barrow By the Caribbean Journal staff Belize Prime Minister Dean Barrow has left for Washington, DC for a series of high-level talks with multilateral institutions, his office said in a statement. Barrow, who departed Thursday, […]

UN: Public Sector Donors in Haiti Have Disbursed $2.79 Billion Since 2010

Above: Bill Clinton visiting Haiti in 2010 (UN Photo/Logan Abassi) By the Caribbean Journal staff A total of $2.79 billion in public sector pledges has been disbursed in Haiti since 2010, according to an analysis from the United Nations Office […]

Haiti’s Caracol Industrial Park to Receive New $50 Million IDB Grant

Above: construction at Haiti’s Caracol Industrial Park earlier this year By the Caribbean Journal staff Haiti’s Caracol Industrial Park will soon receive a $50 million grant, following approval by the Inter-American Development Bank. Over the next six years, the IDB […]

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 […]

Moody’s Upgrades Suriname Bond Rating, Raises Outlook to “Positive”

Above: Paramaribo (Photo: IDB) By the Caribbean Journal staff Ratings firm Moody’s has upgraded the foreign currency rating of the government of Suriname to Ba3 and raised the country’s economic outlook from stable to “positive.” The change came from several […]

Haiti and Inter-American Development Bank to Accelerate Projects

Above: a waterfall in Haiti (Photo: MT Haiti) By the Caribbean Journal staff Haiti and the Inter-American Development Bank have agreed to step up the pace of collaborations on several projects in the country. The plans focuses on six areas: […]

A Boost for Haiti’s Coffee Farmers

By the Caribbean Journal staff Haiti’s coffee industry will soon be receiving support from a multi-partner development programme that could provide help to as many as 10,000 smallholder coffee farmers in the country. The programme, which was jointly set up […]

United Kingdom to Establish First Embassy in Haiti Since 1966

Above: British Foreign Secretary William Hague (Photo: FCO) By the Caribbean Journal staff Haiti will soon be home to the first United Kingdom diplomatic representation in Haiti since 1966, according to UK Foreign Secretary William Hague. The new British Embassy […]

Standard & Poor’s Downgrades Caribbean Development Bank, Outlook “Stable”

Above: the bank, which had another ratings firm downgrade its credit, is based in Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term issuer credit rating on the Caribbean Development Bank from AAA to […]

A New Way to Fly to Abaco in The Bahamas