Search Result for: public debt

154 results found.

Op-Ed: Obama and the Caribbean

By David Rowe Op-Ed Contributor IF UNITED STATES PRESIDENT Barack Obama’s foreign policy can be criticized, it can be on the basis that it has been somnolent and reactionary with regard to Caribbean policy. Neither the United States nor […]

Todd: UK Wants “Strong Two-Way Relationship” With Turks and Caicos

Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff The Turks and Caicos Islands has had a democratic government for more than three months, and Governor Ric Todd said the UK sees “many positives” in the […]

Gender-Responsive Budgets in Jamaica

By Marcia Forbes, PhD CJ Contributor A Solid WROC With the talk at every level of Jamaican society being about the IMF and the critical role the coming relationship with this institution will play in the country’s future, it […]

Fitch Lowers Jamaica Outlook to Negative

Above: Kingston (CJ Photo) By the Caribbean Journal staff Fitch has lowered Jamaica’s outlook to negative, although the firm affirmed its B- credit rating on the country, it announced Friday. The revision to negative reflects “Jamaica’s rising financing constraints in […]

Bermuda Finance Minister: “Major Changes” Have to Be Made

Above: Bermuda By the Caribbean Journal staff Bermuda Finance Minister Everard T (Bob) Richards said he has “looked under the hood” of the territory’s finances, and is vowing to make major changes in the way the territory manages its finances. […]

Jamaica Signs Off on IMF Measures; Talks Heading Toward “Final Round”

Above: Minister Peter Phillips (CJ Photo) By the Caribbean Journal staff Jamaica’s Cabinet has signed off on a series of measures required to advance the country’s negotiations with the International Monetary Fund, Finance Minister Dr Peter Phillips said at a […]

Op-Ed: The IMF, Chavez, and Jamaica’s Economic Future

By David Rowe Op-Ed Contributor FOR THE LAST 12 MONTHS, Jamaica has been in intermittent negotiations with the IMF. These negotiations have not yet yielded a new agreement. It is now acknowledged internationally that Jamaica is in an economic crisis. […]

Dennis Chung: Jamaica Without the IMF

By Dennis Chung CJ Contributor AS I READ the Dec. 29, 2012 statement, issued by Jamaica’s Finance Minister concerning the status of the International Monetary Fund negotiations, I thought to myself that it is not clear when Jamaica is […]

Dennis Chung: Jamaica’s Economy in 2013

By Dennis Chung CJ Contributor ONE QUESTION I get a lot is: what is to be expected of economic performance in Jamaica in 2013? In particular, people want to know about the IMF agreement, the exchange rate, inflation, and GDP […]

Moody’s Downgrades Bahamas Credit Rating; Outlook Remains Negative

Above: Nassau (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the rating of the Bahamas’ government to “Baa1” from A3, the New York-based ratings firm announced Friday. The government’s outlook remains negative. Moody’s cited three major […]

S&P Lowers Credit Rating on Caribbean Development Bank; Outlook Negative

Above: Barbados, home to the CDB, is current on its obligations to the bank (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the long-term foreign currency credit rating on the Caribbean Development Bank to “AA” from […]

UK Minister for Overseas Territories to Visit Turks and Caicos Next Week

Above: UK Minister for the Overseas Territories Mark Simmonds (Photo: FCO) By the Caribbean Journal staff United Kingdom Minister for the Overseas Territories Mark Simmonds will be making his first ministerial visit to the Turks and Caicos Islands next week. […]

S&P Raises Grenada’s Foreign Currency Rating After Coupon Payment

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has raised Grenada’s foreign currency sovereign credit ratings on Grenada Tuesday after the country made a coupon payment it had earlier missed. The country’s rating has been raised […]

S&P Lowers Grenada Foreign Currency Ratings After Missed Bond Payment

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign currency sovereign credit ratings on Grenada following a missed bond payment, the ratings firm announced Monday. S&P has lowered its foreign currency sovereign credit […]

S&P Lowers Bahamas’ Outlook to Negative, Points to Weakening Fiscal Profile

Above: downtown Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has revised the outlook on its long-term rating on the Bahamas to negative from stable, the ratings firm announced Monday. The revision reflected the firm’s view that […]

Op-Ed: Jamaica and the IMF

By David Rowe Op-Ed Contributor Shortly after the election of the People’s National Party Government in Jamaica, I reminded in this Journal that Jamaica needed to drastically improve its murder rate and corruption index; without doing so, it was unlikely […]

S&P: Lack of IMF Agreement “Detracting” from Jamaica’s Creditworthiness

Above: Kingston By the Caribbean Journal staff Standard & Poor’s this week raised the short-term sovereign credit rating on Jamaica to “B” from “C.” The ratings firm also affirmed its “B-” long-term foreign and local currency ratings, along with holding […]

Belize “Unable” to Make Coupon Payment

Above: Parliament in Belmopan By the Caribbean Journal staff The government of Belize announced Tuesday that it would be unable to make an Aug. 20 coupon payment on the country’s US Dollar Step-Up Bonds due in 2029. In a statement, […]

Op-Ed: A Watchdog for Jamaican Politics

By Dmitri Dawkins Op-Ed Contributor In every election, political parties make promises, seldom kept, to garner votes. Jamaica is no different. As a developing nation, Jamaica is highly indebted to foreign lenders, and in the last budget debate we were […]

IMF: Grenada’s Economy Shows Signs of Fragile Recovery, But Risks Remain

Above: Downtown St George’s (CJ Photo) By the Caribbean Journal staff Grenada’s economy is showing signs that a “fragile recovery” may underway, although “significant” downside risks remain, according to the International Monetary Fund. An IMF mission visited Grenada form May […]

Op-Ed: Jamaica, Greece and Putting the People Before the Creditors

By Jake Johnston Op-Ed Contributor Jamaica is barely emerging from its worst economic downturn in the last 30 years. Even after positive growth returned in 2011, the economy remains 3 percent below its 2007 level, and with anaemic growth projected […]

US Virgin Islands Delegate, Senator Menendez in Row over Diageo Deal

Above: US Virgin Islands Delegate Donna Christensen and New Jersey Senator Robert Menendez By the Caribbean Journal staff US Virgin Islands Delegate Donna Christensen said she was “dismayed” that Senator Robert Menendez (D-NJ) used a hearing of the Senate Finance […]

Op-Ed: How to Fix the Bahamas’ Economy

By Mark Turnquest Op-Ed Contributor After analyzing The Bahamas’ economic conditions for the past three years and reviewing international watchdog agencies’ (Moody’s, IFC/World Bank, Standard & Poor’s) reports, it is imperative that the public and private sectors focus on small […]

Op-Ed: The Bahamas Election Looms

By Ian Strachan Op-Ed Contributor The Bahamas braces itself for the eighth election in its 39-year history. It promises to be just as close as its last, in which less than 4,000 votes separated the two major parties. So far […]

Op-Ed: The Bahamian Election and the Importance of Small Business

By Mark A Turnquest Op-Ed Contributor Small and Medium Sized Enterprise (SME) owners must carefully review all political parties’ platforms for the upcoming May 7, 2012 general election in the Bahamas. SME owners must determine which political party best articulates […]

Antigua Making “Notable” Progress: IMF

By the Caribbean Journal staff Antigua is showing “notable progress” in many areas, according to the International Monetary Fund, which recently concluded a visit to the country. The IMF undertook the fourth, fifth and sixth reviews of the programme under […]

Haiti Economy Continues Recovery, but Political Deterioriation a Risk: IMF

Above: Miragoane, Haiti (UN Photo/Victoria Hazou) By the Caribbean Journal staff Haiti’s economy has as a favourable outlook, and continues to recover, though economic and political risks remain, according to the International Monetary Fund. The International Monetary Fund’s Executive Board […]

Op-Ed: Why the Economy Is the Biggest Issue in Belize’s Elections

By Kay Menzies Op-Ed Contributor The voters of Belize will go to the polls next week to decide which party will form the next Government of Belize. Without a doubt, most voters will make their decisions based on, among other […]

Marriott Is Opening Its New St Regis Resort In Aruba