Search Result for: economic news
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Haiti: Where Did the Money Go? An Interview with Michele Mitchell
Above: a camp in Port-au-Prince (Photo: Leslie Owen) By Alexander Britell The aftermath of the devastating earthquake that rocked Haiti on Jan. 12, 2010 saw waves of aid workers pouring into the country, backed by billions in aid funds. But […]
Digicel to Build $45M Haiti Marriott Hotel
By the Caribbean Journal staff The Digicel Group will build a $45 million, 173-room hotel in Port-au-Prince operating under the Marriott brand the company announced. Port-au-Prince has roughly 500 hotel rooms currently in operation, and the hotel, which would target […]
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 […]
Talking China with World Bank Lead Caribbean Economist Auguste Kouame
Above: the Chinese embassy in Kingston By Alexander Britell China’s involvement – and influence – in the Caribbean region has grown rapidly over the last several years – from the construction of new national sports stadiums to large-scale infrastructure projects. […]
Ilio Durandis: Haiti Does Need an Army
Above: a UN training exercise in Haiti (UN Photo/Victoria Hazou) By Ilio Durandis Haiti’s army was disbanded in 1995, shortly after the first return from exile of President Jean Bertrand Aristide. Ever since, the reinstating of the army has been […]
Interview with Clinton Bush Haiti Fund CEO Gary Edson
Above: Employees at an atelier in Port-au-Prince (Photo: CBHF) By Alexander Britell Soon after the devastating earthquake in Haiti, former US Presidents Bill Clinton and George W Bush, at the behest of President Barack Obama, founded a fund aimed at […]
Clinton: Haiti Could be Regional Leader
Above: Former US President Bill Clinton and Haitian President Michel Martelly (UN Photo: Logan Abassi) Haiti has the potential to be an economic leader in the Caribbean, former US President Bill Clinton said at the annual forum for his Clinton […]
Irwin Stotzky: Haiti, Here We Go Again
Above: a girl stands in front of her home for persons displaced by the earthquake in Port-au-Prince. (UN Photo: Logan Abassi) By Irwin Stotzky Op-Ed Contributor The news from Haiti is grim. Nineteen months after the devastating earthquake, the future […]
Guyana, India Discuss Cooperation
Above: Guyanese Foreign Minister Dr Ashni Singh was one of those who met with India’s Vivek Katju (GIS Photo) Guyana and India met for a third round of political consultations Friday, with Guyanese Foreign Minister Carolyn Rodrigues-Birkett convening with Vivek […]
REDjet to CARICOM: Time for New Approach to Regional Air Travel
REDjet CEO Ian Burns wrote a letter to CARICOM Secretary General Lolita Applewhaite urging a new approach to Caribbean air travel. According to the letter, which appeared in the Jamaica Observer, Burns cited a 2006 World Bank report on air […]
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 […]
Study: Tivoli Gardens Unrest Cost Jamaica $258.8 Million
According to a study by the Planning Institute of Jamaica, the unrest in Kingston’s troubled Tivoli Gardens neighborhood involving the raid on strongman Christopher Coke cost the country approximately $258.8 million (nearly $22 billion in Jamaican currency). The economic effects […]
Jamaica to Enter Medical Tourism Market
Reginald Budhan, permanent secretary of the Ministry of Industry, Investment and Commerce Jamaica intends to enter the multibillion-dollar medical tourism market, although at this time it lacks the required facilities to do so. One investor, however, the Hospiten Group, is […]
Study: Caribbean Will See 7.4 Million Travelers in Next Ten Years
Anguilla The Caribbean could see as many as 7.4 million visitors in the next ten years, according to a joint study by Ypartnership and the U.S. Travel Association. “There is no way the current capacity can handle that, so it’s […]
Trinidad Minister in Row over Award of Government Contract
Sen. Mary King Following allegations published over the weekend that Trinidad and Tobago Sen. Mary King participated in the award of a $100,000 contract to a company in which her family had an interest, pressure has mounted on King from […]
U.S. General: Transnational Crime is the Greatest Threat to the Caribbean
Criminal gangs engaged in the transnational trafficking of drugs, guns and humans are the greatest threat to the region, according to Gen. Douglas Fraser, the head of the U.S. Southern Command. “The traffickers are well-financed and very capable,” he said, […]
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