Search Result for: tax reform
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Jamaica: “Significant Improvement” in Business, Consumer Confidence
Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is seeing a “significant improvement” in both business and consumer confidence, according to the International Monetary Fund, which recently visited the island. According to Jan Kees Martijn, who let the […]
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 […]
Jamaica to Decriminalize Possession of Small Amounts of Marijuana
Above: Jamaica Justice Minister Mark Golding addresses the media following the announcement (JIS Photo) By the Caribbean Journal staff In a major shift, Jamaica has announced that the country’s Cabinet has approved a proposal that would decriminalize the possession of […]
Caribbean Business in 2014
By Paul Hay CJ Contributor The article “Growth to Accelerate in Latin America and the Caribbean …”, in the Annual World Economic Situation and Prospects 2014 report of the UN Department of Economic and Social Affairs (UNDESA), indicates that Haiti […]
Fear and the Jamaican Economy
By Dennis Chung CJ Contributor FEAR can be a very important learning tool if one understands and embraces it. A child for example learns through fear, and understanding how to minimize the risk associated with the fear. If, however, the […]
Jamaica’s Economic Outlook “Improving”
Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica’s economic outlook is “improving,” according to the International Monetary Fund, which recently completed a staff mission to the Caribbean country. The visit from May 5 to May 16 by an […]
Dennis Chung: The Missing Piece to Jamaica’s Development
By Dennis Chung CJ Contributor AS Jamaica starts the 2014/15 fiscal year with the reports that we have successfully passed all four IMF tests so far, and with a feeling of greater confidence and hope for economic and fiscal improvements, […]
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 […]
UK to Reduce APD on Caribbean Flights
Above: Parliament in the United Kingdom By the Caribbean Journal staff The United Kingdom has announced that it will be reforming its controversial Air Passenger Duty on flights originating in the country, Chancellor of the Exchequer George Osborne announced in […]
Jamaica: IDB Approves $60 Million Loan to Improve “Competitiveness”
Above: Kingston (CJ Photo) By the Caribbean Journal staff The Inter-American Development Bank has approved a $60 million loan aimed at improving “competitiveness” in Jamaica, the bank announced last week. The loan will “promote tax and land titling reforms and […]
Doing Business in Jamaica
By Dennis Chung CJ Contributor AS I stated in my last article, I believe that Jamaica can start seeing positive economic and social development with the current set of legislative and fiscal reforms we are seeing. However, for this to […]
Dennis Chung: Jamaica in 2014
By Dennis Chung CJ Contributor AS we move towards 2014, it is natural for us to not only reflect on 2013 but also think about what we must do in 2014 to improve our lives. This should not only be […]
World Bank Approves $130 Million Loan For Jamaica
Above: the World Bank By the Caribbean Journal staff The World Bank Board of Directors has approved a $130 million development policy loan for Jamaica. The loan aims to promote “economic stability, debt sustainability and improve competitiveness in Jamaica,” according […]
Is Jamaica on the Right Track?
By Dennis Chung CJ Contributor OVER the past few weeks, I have been approached by many persons who ask the questions: What is happening to the economy? Is Jamaica headed in the right direction? Is it time for me to […]
S&P Affirms Rating on Puerto Rico; Outlook Remains Negative
Above: San Juan (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has affirmed its “BBB-” rating on the Commonwealth of Puerto Rico’s general obligation and appropriation debt, the New York-based ratings firm announced on Wednesday. The rating reflected […]
S&P Raises Jamaica Credit Rating
Above: Kingston By the Caribbean Journal staff Standard & Poor’s has raised its long-term foreign and local currency sovereign credit ratings on Jamaica, citing “progress in stabilizing the economy” and the country’s agreement with the International Monetary Fund. The rating, […]
The Caribbean’s Incarceration Problem
By Michael W Edghill CJ Contributor Every now and again, a report or statistic comes along that presents something genuinely surprising. A few weeks ago, that statistic came by way of a graphic shared through social media. The graphic showed the […]
IMF: Signs of Economic Recovery in St Kitts and Nevis
Above: St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis’ economy is showing signs of growth after four years of contraction, according to the International Monetary Fund. The IMF concluded its fifth and sixth reviews of […]
Op-Ed: Bringing Google to Jamaica
By David Rowe Op-Ed Contributor WITH THE RIGHT economic environment Jamaica should benefit enormously from technological investment. So why hasn’t the government of Jamaica been able to attract more technology-related investment? Almost every Jamaican commentator records the passion of Jamaicans […]
UK Foreign Secretary Responds to Letter by Turks and Caicos Premier
Above: UK Foreign Secretary William Hague (Photo: FCO) By the Caribbean Journal staff United Kingdom Foreign Secretary William Hague has officially responded to a letter written to him by Turks and Caicos Premier Dr Rufus Ewing last month, saying the […]
Sustainable Prosperity in Jamaica
By Dennis Chung CJ Contributor THERE IS SOMETHING the Honourable Dennis Lalor always says to me that has a lot of relevance for the country, and individuals. That is: “Bird seed don’t make John Crow sing.” For any reader who […]
UN’s Nigel Fisher Suggests Haiti “Not Yet” Open for Business
Above: Nigel Fisher (UN Photo) By the Caribbean Journal staff Nigel Fisher, the new chief of the UN’s peacekeeping mission in Haiti, made his first public appearance since succeeding Mariano Fernandez Friday, calling for Haiti to move forward on long-delayed […]
Chung: Fixing Jamaica’s Structural Deficiencies to See Growth
By Dennis Chung CJ Contributor THERE were two occurrences within the past week that reminded me that Jamaica still has a lot to do in order to see long-term sustainable development. There was an announcement that an International Monetary Fund […]
IMF: Tourism Uptick, New Construction to Lead St Kitts and Nevis Recovery
Above: St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund lowered its growth estimate for St Kitts and Nevis in 2012 from -0.7 percent to -0.9 percent, but an economic recovery is reportedly on the way […]
Op-Ed: Only Small Business Can Save the Bahamian Economy
By Mark A Turnquest Op-Ed Contributor National policymakers in the Bahamas have focused on top-down economic strategies to improve the tourism, financial services and construction industries for almost 40 years. However, after all is said and done, the Bahamas, as […]
IMF: St Kitts and Nevis Makes “Significant Progress” on Debt Restructuring
Above: Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis has made “significant progress” on restructuring the country’s public debt, according to the International Monetary Fund, which recently completed its fourth review of the country’s economic performance […]
IMF: “Slow Recovery May Be Underway” in St Vincent and the Grenadines
Above: Bequia (Photo: Discover St Vincent) By the Caribbean Journal staff Economic indicators suggest that a “slow recovery may be underway” in St Vincent and the Grenadines, according to the International Monetary Fund, which recently concluded a visit to the […]
Turks and Caicos, Desarrollos Sign Memorandum on $500M Hotel Project
Above: TCI By the Caribbean Journal staff The Turks and Caicos Islands has signed an agreement with developer Desarrollos Hotelco Group on a $500 million hotel project in the Grace Bay area. The first of three planned hotels will feature […]
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