Search Result for: arrangement

219 results found.

Trinidad Opens New Desalination Plant

Above: the new plant By the Caribbean Journal staff A new desalination plant has completed construction in Trinidad. The project, located at the Petrotrin Marine Terminal Facility in Point Fortin, was officially commissioned last week. It was built by US-based […]

A Yachting Future for Dominica?

Above: Dominica (CJ Photo) By the Caribbean Journal staff Dominica is continuing talks on the construction of a marina in the northern town of Portsmouth, according to the government. Tourism Minister Ian Douglas said “a lot of preliminary work” remained […]

Haiti: IMF Approves $2.5M Disbursement

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $2.5 million disbursement to Haiti. The move comes after the board completed its sixth review of Haiti’s performance under its IMF programme […]

The Cove, Eleuthera Begins Offering Charter Flights From Florida

By the Caribbean Journal staff The Cove, Eleuthera hotel property in the Bahamas is launching charter air service for travelers from Florida. The property says it has booked 30 flights for the next two months from Fort Lauderdale Executive Airport […]

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 […]

Jamaica’s Pillars for Growth

By Dennis Chung CJ Contributor MY last article looked at how Jamaica can increase competitiveness in the tourism industry, which is critical for Jamaica because tourism is our highest foreign exchange earner, and the area in which we have always […]

LaRocque: CARICOM in “Reform Process”

Above: CARICOM Secretary General Irwin LaRocque By the Caribbean Journal staff Forty years after its establishment, the Caribbean Community is the longest surviving integration grouping among developing countries, second only to the European Union, according to CARICOM Secretary General Irwin […]

Former Manchester United Player Dwight Yorke to Represent Brand Tobago

Above: Dwight Yorke By the Caribbean Journal staff Former Manchester United forward Dwight Yorke will continue representing Tobago as the island’s global brand ambassador. Yorke, who has served as Tobago’s brand ambassador for four years, signed the new contract last […]

IMF Lowers Haiti Growth Forecast, Citing Weak Agricultural Recovery

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The IMF has lowered its growth forecast for Haiti to 3.4 percent from 6.5 percent, the Fund announced following the visit of a mission to Haiti. Despite what it called a […]

Antigua: No Intention to Reengage With International Monetary Fund

Above: Antigua (CJ Photo) By the Caribbean Journal staff Following the successful completion of its Stand-By Arrangement with the International Monetary Fund, Antigua has no plans to reengage with the IMF, according to Finance Minister Harold Lovell. Antigua will maintain […]

Grenada and Venezuela to Launch “Friendship Association”

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada and Venezuela are formally launching the Grenada Venezuela Friendship Association. Former Grenada Foreign Minister and Tourism Minister Peter David and new Venezuelan Ambassador to Grenada Jorge Guerrero will be on […]

Antigua Completes IMF Programme

Above: downtown St John’s (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its 10th and final review of Antigua and Barbuda’s performance under its Stand-By Arrangement. The IMF will now disburse $25.4 million […]

Making Red Stripe With Cassava

By the Caribbean Journal staff Jamaica says it is placing an increased emphasis on the cultivation of cassava. That’s already starting to take root thanks to a planned partnership with beer producer Red Stripe. The Ministry of Agriculture and Fisheries […]

IMF: St Kitts and Nevis Economy to Recover in 2013 After Contraction in 2012

Above: Basseterre (CJ Photo) By the Caribbean Journal staff While St Kitts and Nevis’ economy contracted by 1.3 percent in 2012, the country is projected to see a recovery in 2013 with 2 percent growth, according to the International Monetary […]

Op-Ed: The Y Youth – A Personal Reflection on Cuban Blogs

By Ylena Zamora-Vargas Op-Ed Contributor THEY PREFER speaking English to Spanish, they feel as American as a McDonald’s Big Mac, and they are tired of the insistent preoccupation their parents’ generation has with the current regime. But when second-generation, third-generation, […]

IMF Approves $932 Million Jamaica Deal

Above: Kingston (CJ Photo) By Alexander Britell The International Monetary Fund’s Executive Board has approved a $932.3 million Extended Fund Facility arrangement for Jamaica, it announced Wednesday. The four-year EFF represents the equivalent of 225 percent of Jamaica’s quota in […]

Dominican Republic Eyes 10 Million Annual Visitors By 2023

Above: Punta Palmera (CJ Photo) By Alexander Britell PUNTA CANA — The Dominican Republic has big ambitions for its tourism sector, hoping to attract 10 million annual visitors by 2023. That would represent a drastic jump from its current totals […]

IMF Approves $10.16 Million Disbursement for Antigua and Barbuda

Above: St John’s (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $10.162 million disbursement to Antigua and Barbuda, following the completion of its eight and ninth reviews of the country’s economic performance […]

Jamaica’s IMF Loan Rises to $958 Million; Board to Decide This Month

Above: Kingston (CJ Photo) By the Caribbean Journal staff A proposed 48-month funding arrangement under the Extended Fund Facility for Jamaica would total $958 million, according to the International Monetary Fund. That number is significantly higher than the $750 million […]

Op-Ed: China and the Caribbean

By Erik Neff Op-Ed Contributor IT HAS BEEN NO SECRET that China has taken a strategic economic interest in the Caribbean region. China’s intention to expand its financial influence has been crystal clear — it is seeking new political alliances […]

Grenada’s Government to Consider Casino Gambling As Part of Tourism Push

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s new government is planning a major tourism push, Governor General Sir Carlyle Glean said at his throne speech on Thursday. “The New Economy envisions a world class tourism product,” said […]

Meade: Tourism “Critical” to Sustained Development in Montserrat

Above: Montserrat By the Caribbean Journal staff Tourism is an industry “critical to the sustained development and the maintenance of livelihoods in Montserrat,” Premier Reuben Meade said in his budget address this week. The Montserratian leader said the government would […]

Grenada, Kuwait Fund Reach Agreement

Above: Grenada (CJ Photo) By the Caribbean Journal staff The Kuwait Fund has agreed to lift a suspension imposed on Grenada, the Grenadian government announced Thursday. The agreement, reached following negotiations led by Works Minister Gregory Bowen, paves the way […]

Turks and Caicos Intercepts Boat Carrying 115 Migrants from Haiti

Above: Turks and Caicos By the Caribbean Journal staff A boat carrying 115 migrants from Haiti was intercepted by the Royal Turks and Caicos Islands Police Marine Branch on Tuesday morning, the government announced. The passengers, which included 86 men […]

Solving Jamaica’s Foreign Exchange Crisis

By Dennis Chung CJ Contributor OVER THE LAST WEEK there have been two issues dominating the media in Jamaica, which illustrates to me that Jamaica’s foreign exchange crisis is driven primarily by the way we approach challenges. The first is […]

Haiti’s Belo Releases New Single

Above: Belo (CJ Photo) By the Caribbean Journal staff Haitian singer Belo has officially released his new single, Banm Nouvel Ou (“Let me hear from you”). The release marks something of a shift from Belo’s traditionally laid=back style, and edges […]

IMF: Haiti’s Business Environment “Needs to Be Strengthened”

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Haiti has a business environment “needs to be strengthened,” the International Monetary Fund said following approval this week of a $7.4 million disbursement by its Executive Board. The move comes after […]

IMF: Antigua and Barbuda Economic Recovery to Continue in 2013

Above: Antigua (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s real GDP grew by 1.6 percent in 2012, buoyed by a recovery in tourism and construction, and the country’s recovery will continue in 2013, according to the International […]

Southwest Airlines Is Launching New Nonstop Flights to The Bahamas