Search Result for: arrangement

219 results found.

Op-Ed: What’s Wrong With Jamaica’s International Monetary Fund Deal

By Kent Gammon Op-Ed Contributor JAMAICA JOINED the International Monetary Fund (IMF) in 1963. At that time, Jamaica had positive international net reserves of US$115.8 million falling by 1976 to negative net international reserves of $435.5 million. In 1976, Jamaica […]

Jamaica, IMF Reach $750 Million Staff-Level Agreement

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica has reached its long-awaited agreement with the International Monetary Fund, the organization announced in a statement Friday. The staff-level agreement is on the key elements of an economic programme that […]

Olympic Sprinting Legend Michael Johnson Visits Trinidad and Tobago

Above: Michael Johnson By the Caribbean Journal staff Four-time Olympic gold medalist Michael Johnson visited Trinidad and Tobago last week. The American sports legend presented on a series of training programmes offered by his Michael Johnson Performance company, along with […]

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 […]

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: 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. […]

US Virgin Islands, HOVENSA Extend Interim Agreement as Talks Continue

Above: the HOVENSA refinery By the Caribbean Journal staff The government of the United States Virgin Islands and HOVENSA have agreed to extend an interim agreement to make fuel available as the two sides negotiate on the future of what […]

Bringing Haiti’s Coffee to Market

Above: a Cocano office in La Croix, Haiti (Photo: Cafe Cocano) By Alexander Britell While Jamaica’s Blue Mountain coffee has grown in international prominence in recent years, Haiti is actually one of the region’s oldest coffee-producing countries. The difficulty has […]

Turks and Caicos’ Molasses Reef Set to Resume Development

Above: Molasses Reef By the Caribbean Journal staff The Molasses Reef development on West Caicos will recommence development following the signing of a development agreement with the Turks and Caicos government. The agreement was signed Dec. 6. The remaining arrangements […]

Trinidad Receives $246.5 Million IDB Loan for Environmental Conditions

By the Caribbean Journal staff Trinidad will be receiving a $246.5 million loan from the Inter-American Development Bank for a programme to improve the country’s environmental conditions. The loan will finance the first phase of a $546.5 million, three-phase programme […]

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: Antigua and Barbuda’s Economy Expected to Recover “Gradually”

Above: downtown St John’s (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s economy is expected to recover “gradually” this year, according to the International Monetary Fund, which recently completed its seventh review of the country’s economic performance under […]

Paulwell: Jamaica Aiming to Introduce Liquefied Natural Gas By 2015

Above: Jamaica Energy Minister Phillip Paulwell By the Caribbean Journal staff Jamaica is planning to introduce Liquefied Natural Gas in Jamaica by 2015, despite a recent decision by the government to remove itself from the process of fuel selection. In […]

Cayman Islands Government, Private Sector Prepare for US FATCA Law

Above: Georgetown (CJ Photo) By the Caribbean Journal staff The government of the Cayman Islands and the territory’s private sector are working to prepare for the implementation of the United States’ Foreign Account Tax Compliance Act. Cayman currently has a […]

IMF Downgrades 2012 Growth Outlook for St Kitts and Nevis

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund has downgraded its growth outlook for St Kitts and Nevis for 2012 from 0 to -0.7 percent, it said following the conclusion of a mission […]

St Lucia Urges Canada to Reconsider After Removal of Visa Exemption

Above: St Lucia Prime Minister Dr Kenny Anthony By the Caribbean Journal staff St Lucia Prime Minister Dr Kenny Anthony has called the decision by Canada to remove the visa exemption for St Lucians traveling to the country an “unfortunate […]

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 […]

IMF Concludes Antigua Review Mission

Above: Antigua (Photo: AT) By the Caribbean Journal staff The International Monetary Fund recently concluded its seventh stand-by arrangement review mission to Antigua and Barbuda. The mission, which was led by Geoffrey Bannister, took place from Aug. 14 to Aug. […]

St Kitts and Nevis to Receive $4.76 Million Disbursement from IMF

Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis will be receiving a $4.76 million disbursement from the International Monetary Fund following approval by the fund’s Executive Board. The Stand-by arrangement was originally approved […]

Haiti to Receive $7.4M Disbursement from International Monetary Fund

Above: Labadie (Photo: MT Haiti) By the Caribbean Journal staff The Executive Board of the International Monetary Fund has completed the fourth review of Haiti’s performance under its Extended Credit Facility arrangement. The decision, which was taken on a “lapse […]

Dominica in Talks With British Virgin Islands Carrier on New Flight Possibilities

By the Caribbean Journal staff Dominica’s government is in talks with Air BVI to explore the possibilities of additional flights into Dominica. The move comes with the scheduled phaseout of American Eagle from its San Juan, Puerto Rico base. Among […]

Experiencing the World of the Caribbean, Beyond Luxury Vacations

Beyond Luxury Vacations has premiered a fresh, authentic way to experience all that the Caribbean has to offer. Select your island paradise of choice — popular destinations include Grenada, Antigua, Barbados, the Grenadines, Jamaica and St Lucia — and this […]

Trinidad-Barbados Pipeline “in Progress”

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff The proposed gas pipeline between Trinidad and Tobago and Barbados are “very much in progress,” according to Barbados Prime Minister Fruendel Stuart. The two countries have agreed on a 20-year lease […]

Jamaica’s Peter Phillips: Small Businesses “Critical” to Economic Rebound

Above: Finance Minister Dr Peter Phillips and Industry Minister Anthony Hylton (JIS Photo) By the Caribbean Journal staff Jamaica’s small business sector is a critical part of the country’s economic recovery, according to Finance Minister Dr Peter Phillips. The Minister […]

Montserrat Developing Cultural Policy

By the Caribbean Journal staff Montserrat is continuing work on the development of a National Cultural Policy. The policy would offer a framework for developing Montserrat’s culture offer the next 10 years. The process is being led by Sir Howard […]

St Kitts and Nevis Meets Performance Targets, But IMF Lowers Growth Outlook

Above: St Kitts (Photo: SKT) By the Caribbean Journal staff The International Monetary Fund has lowered its economic outlook for St Kitts and Nevis’ economy in 2012, with a projected growth of zero percent, although the country did meet all […]

Suriname, Guyana Ramp Up Anti-Smuggling Operations on Border

Above: the Berbice River bridge in Guyana By the Caribbean Journal staff Guyana and Suriname have stepped up anti-smuggling operations on the border between the two countries. The customs departments of both countries have instituted a new procedure requiring boat […]

Op-Ed: Trinidad and Canada

By Hon. Sen. Don Meredith Op-Ed Contributor As the people of the twin-island republic of Trinidad and Tobago reach a historic milestone, it is both a time to celebrate the successes of the past and the opportunities that lie ahead. […]

Southwest Airlines Is Launching New Nonstop Flights to The Bahamas