Search Result for: public debt

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Grenada Getting $15 Million Loan For Growth, Climate Resilience

By Dana Niland CJ Contributor The World Bank Board of Directors has approved a $15 million Development Policy Credit and Loan (DPC/DPL) with Grenada. This financing aims to foster sustainable conditions for private investment, improve public resource management, strengthen the […]

Developing Air Routes in the Caribbean

By Kareem Yarde Op-Ed Contributor “Graduates, go change your world!” That was final source of ignition which honorary graduate of the University of the West Indies Cave Hill campus Dr Pamela Coke Hamilton left with this year’s graduating class of […]

Op-Ed: Climate Change and the Caribbean

By George Nicholson and Anastasia Ramjag Op-Ed Contributors This debate surrounding our climate has polarized the world into two different groups for a long time; some theorists maintain that an intrinsic characteristic of climate is that it changes while a […]

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 […]

Jamaica’s Surplus Question

What’s the right target? By Dennis Chung CJ Contributor THE primary surplus on the fiscal accounts can be defined as what is left to service debt after the government considers its revenues and expenditure on running the country. So wages, […]

Barbados Economy Showing Growth

After two slow years, signs of life By Dana Niland CJ contributor The International Monetary Fund (IMF) is projecting positive GDP growth for Barbados this year as a result of increased tourism arrivals and accelerated growth in key markets. After […]

Jamaica’s Productivity Problem

By Dennis Chung CJ Contributor AFTER 12 previous IMF agreements, Jamaica is once again at a crossroads. We are once again at a place where we are having a debate about how much pain is being inflicted by the agreement, […]

Where is Jamaica’s Private Sector?

By Dennis Chung CJ Contributor LAST year I sat on a panel to discuss the state of the economy. Someone in the audience correctly stated that much work was being done by the government to improve the business and economic […]

The Caribbean’s Catch-22

By Ryan Peterson CJ Contributor So, what is the catch of the day? A quick perusal of Caribbean agendas will provide a litany of the perennial weaknesses and opportunities for development, ranging from tourism to technology, green to gender equality, […]

The Caribbean Riptide

By Ryan Peterson CJ Contributor Finance and governance. Economy and energy. Tell me it ain’t about the money. Tourism and environmentalism. Productivity and community. Tell me it ain’t about technology. Education and innovation. Nation and next generation. Tell me it […]

These are Four Clear Ways to Stimulate Development in Jamaica

By Dennis Chung CJ Contributor MOST times when we speak about economic and social development, many of us think about the cost of infrastructure or costs associated with the government providing stimulus to the economy. Or if we talk about […]

Productivity in Jamaica

By Dennis Chung CJ Contributor JAMAICA SEEMS set to pass the sixth International Monetary Fund (IMF) test, underlining the fact that we have, no doubt, been making progress in establishing the framework on which development must take place. I say this […]

Overcoming Poverty in Jamaica

By Dennis Chung CJ Contributor ACCORDING to the recently released 2012 Survey of Living Conditions (SLC), Jamaica has recorded an increase in poverty levels between 2009 and 2012. “The all-Jamaica individual poverty prevalence increased by 2.3 percentage points relative to […]

The Best Caribbean Islands to Retire To

Sometimes you go to a Caribbean island and wish you didn’t have to leave. (Or perhaps in your case it’s all the time). These are the kind of islands you know you could live on permanently or already do. More […]

IMF: Grenada Economic Recovery “Slowly Taking Hold”

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada has made a strong start in implementing its new IMF programme, the fund said following the completion of its first review of its programme with the country. The programme was […]

Aruba Prime Minister on Hunger Strike

Above: Aruba Prime Minister Mike Eman By Alexander Britell Aruba Prime Minister Mike Eman is currently on a hunger strike, protesting alleged interference from the Dutch government in Aruba’s affairs. Tuesday was the fourth day of Eman’s hunger strike, following […]

Christine Lagarde: Jamaica’s Economic Outlook “Is Improving”

Above: IMF Managing Director Christine Lagarde By the Caribbean Journal staff The economic outlook for Jamaica “is improving,” International Monetary Fund managing director Christine Lagarde said following her official visit to the country. Lagarde, who made her first official visit […]

Bahamas Planning to Introduce 7.5 Percent Value Added Tax in 2015

Above: Bahamas Prime Minister Perry Christie By the Caribbean Journal staff The Bahamas is planning to introduce a new 7.5 percent value added tax, the government announced this week. The tax will be a single VAT rate across the board, […]

Jamaica to Receive $71.4 Million Disbursement From IMF

Above: Kingston (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its third review of Jamaica’s performance under its Extended Fund Facility-supported programme. The completion of the review enables the disbursement of around $71.4 […]

13 Potential Caribbean Tech Hubs

COULD a Caribbean city develop into a Silicon Beach? As the Caribbean seeks to develop, it will need to be creative — and part of that means both attracting creative people and companies to its shores and supporting creative people […]

Caribbean Idea: Could the Caribbean Host the Olympic Games?

WHILE THE Caribbean has become relatively accustomed to dominating at the Summer Olympics, this year’s crop of Caribbean winter athletes has us thinking. With all of the Caribbean’s continued success in international athletics, why couldn’t the region (or one of […]

Puerto Rico Rating Downgraded to Junk Status By Standard and Poor’s

Above: San Juan (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its rating on the government of Puerto Rico’s general obligation debt to junk status, the New York-based ratings firm announced Tuesday. The firm lowered Puerto […]

IMF: Bahamian Economy Recovering at “Painfully Slow Pace”

Above: the Bahamas By the Caribbean Journal staff The economy of the Bahamas is recovering from the effects of the global financial crisis, but at a “painfully slow pace,” according to the International Monetary Fund, which recently concluded its Article […]

21 Caribbean Storylines to Watch in 2014

Above: wind turbines in Bonaire (CJ Photo) What will be the big stories of 2014? What will be the major issues facing the Caribbean region? And what will be the most interesting ones? CJ has put together a list of […]

Moody’s Downgrades Barbados Rating; Outlook Remains “Negative”

Above: Barbados (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the government bond rating of Barbados to Ba3 from Ba1, the New York-based firm announced. The two-notch downgrade reflected several key drivers, including the country’s “continued […]

Dominica Swears In Charles Angelo Savarin As New President

Above: Roseau (CJ Photo) By the Caribbean Journal staff Charles Angelo Savarin has officially been sworn in as the new president of Dominica. Savarin was installed as the country’s eighth president at Dominica’s House of Parliament this week in a […]

Op-Ed: World Bank VP Hasan Tuluy on a Balanced Path to Caribbean Prosperity

By Hasan Tuluy Op-Ed Contributor The recent High Level Caribbean Forum in Nassau was the latest in a series of discussions to develop a road map for the region’s long-term economic growth while addressing persistent debt and fiscal issues. A […]

IMF Approves Disbursement of $30.6 Million to Jamaica

Above: Kingston (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $30.6 million disbursement to Jamaica. The move follows the completion of its first review of the country’s performance under an economic programme […]

Riu Just Opened Its Newest All-Inclusive in Jamaica