Search Result for: fiscal

364 results found.

Fitch Downgrades Aruba Credit

Above: Aruba By the Caribbean Journal staff Fitch Ratings has downgraded Aruba’s long-term foreign and local currency issuer ratings to BBB- from BBB, the New York-based ratings firm announced. The firm said the island’s sovereign creditworthiness had “deteriorated” since 2009 […]

Op-Ed: Is It Time For Regional Ferry Service in the Caribbean?

By George Nicholson and Nayaatha Taitt Op-Ed Contributors One race (de Caribbean man) From de same place (de Caribbean man) Dat make de same trip (de Caribbean man) On de same ship (de Caribbean man) So we must push one […]

IMF: “Substantial Strides Have Been Made” in St Kitts and Nevis

Above: downtown Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis has made “substantial strides” sing its home-grown economic programme, according to the International Monetary Fund. The IMF recently concluded its ninth and final review […]

Trinidad and Tobago Economy “Embarking on Sustainable Growth Path”

Above: Port of Spain, Trinidad (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago’s economy is “embarking on a sustainable growth path,” the International Monetary Fund said following its Article IV Consultation with the country earlier this week. 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 […]

Moody’s Downgrades Barbados Rating, Outlook Remains Negative

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff New York-based ratings firm Moody’s Investors Service has downgraded Barbados’ government bond rating to B3 from Ba3. The three-notch downgrade reflected several factors, Moody’s said, including the increasing size of the […]

IMF: Haiti on Track For 3 to 4 Percent GDP Growth in 2014

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Preliminary data suggests that economic activity in Haiti has advanced in line with projections, the International Monetary Fund said this week following its staff visit to the country. Data from the […]

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 Finance Minister Peter Phillips to Visit United States, Europe

Above: Jamaica Finance Minister Peter Phillips (left) and Bank of Jamaica Governor Brian Wynter (right) will both be on the trip By the Caribbean Journal staff Jamaica Finance Minister Dr Peter Phillips will be heading to Europe and the United […]

S&P Raises Caribbean Development Bank Outlook to “Stable”

Above: the Caribbean Development Bank’s headquarters By the Caribbean Journal staff Ratings firm Standard & Poor’s has raised its outlook on the Caribbean Development Bank to stable from negative. The revision came as the New York-based firm affirmed the bank’s […]

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 […]

In Jamaica, Fighting Crime With an App

Above: Kingston (CJ Photo) By the Caribbean Journal staff As Jamaica continues to work to tackle its severe crime problem, the country’s government is looking to a new tool: mobile phones. In the next few months, the government will be […]

A Cyclist’s View of Jamaica

By Dennis Chung CJ Contributor ONE of the things I have learned from my teachers is that before you attempt to write (or say) something, in other words pass judgment, it is very important to observe and think about what […]

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, […]

S&P Affirms Bermuda Rating; Outlook Remains Negative

Above: Bermuda By the Caribbean Journal staff New York-based Standard & Poor’s has affirmed its AA-/A-1+ rating on Bermuda, the ratings firm announced this week. The British Overseas Territory’s outlook remains negative, however, it said. “The ratings on Bermuda are […]

Jamaica’s Path to Prosperity

By Dennis Chung CJ Contributor Jamaica’s January fiscal numbers reveal a concern that many of us expressed at the start of the International Monetary Fund agreement: that achieving the primary surplus target is going to be very challenging. The numbers […]

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 […]

IMF: Dominican Republic Economy to Grow 4.5 Percent in 2014

Above: the Dominican Republic (CJ Photo) By the Caribbean Journal staff The Dominican Republic’s economy is projected to grow by 4.5 percent in 2014, according to a projection from the International Monetary Fund, which recently concluded a visit to the […]

Grenada, IMF Reach $21.9M Agreement

Above: Grenada By the Caribbean Journal staff The government of Grenada and the International Monetary Fund have reached a staff-level agreement, the IMF announced. The economic programme will be supported by a three-year, $21.9 million extended credit facility, according to […]

CARICOM Readies For Heads of Government Meeting in St Vincent

Above: St Vincent (CJ Photo) By the Caribbean Journal staff The Caribbean Community will begin the 25th Intersessional Meeting of its Conference of Heads of Government in St Vincent and the Grenadines next week. The conference, which will be hosted […]

Puerto Rico Governor Approves New Issue of General Obligation Bonds

Above: San Juan (CJ Photo) By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla has signed legislation authorizing the issuance of new general obligation bonds. The bonds will be used to “refinance outstanding lines of credit and meet […]

What’s Holding Back Jamaica’s Reforms

By Dennis Chung CJ Contributor ANYONE who has been reading or listening to my recent commentaries would realize that I am fully in support of the reform agenda otherwise known as the IMF programme in Jamaica. Similarly, anyone who has […]

Trinidad Courts Investment in Shanghai

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Invest Trinidad and Tobago hosted a business forum in Shanghai on Thursday aimed at courting investment from China. The forum, which was hosted in collaboration with the China Council […]

Jamaica Meets Latest IMF Targets

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica met all of its quantitative performance targets and indicative targets for the end of December, according to the International Monetary Fund. The IMF, which recently concluded a nine-day mission to […]

Op-Ed: Mark Simmonds on Public-Private Partnerships in the Caribbean

By Mark Simmonds, MP Op-Ed Contributor AS OUR governments strive to create the conditions for sustainable economic growth, identifying avenues for continued investment in public infrastructure is as crucial as it is challenging, given fiscal constraints across much of Europe […]

The Mechanics of Growth in Jamaica

By Dennis Chung CJ Contributor A FEW days ago I was on a radio interview where the question was: Who was responsible for growth, government or the private sector? This question, I think, is of fundamental importance if we are […]

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 […]

Rum Journal: From Jamaica, a Legendary Brand Grows Up