Search Result for: economic recovery

192 results found.

Rebuilding Caribbean Coral Reefs

Above: Outplanted staghorn (Acropora cervicornis) coral after one year of growth. (Photo: Kemit Amon Lewis) By Michael W Beck, PhD Op-Ed Contributor ELEUTHERA, Bahamas (25° 8′ 22″ N; 76° 8′ 59″ W) is one of my favourite islands. Unfortunately, storms seem […]

Haiti: MINUSTAH Chief, OAS Secretary General Hold Talks

Above: MINUSTAH Chief Sandra Honore and OAS Secretary General Jose Miguel Insulza (OAS Photo) By the Caribbean Journal staff Sandra Honore, the head of the UN’s MINUSTAH peacekeeping force in Haiti, held talks this week with Organization of American States […]

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 […]

Puerto Rico: Comprehensive Cancer Center Project Breaks Ground

Above: a rendering of the project By the Caribbean Journal staff A major new hospital project has broken ground in Puerto Rico, Governor Alejandro Garcia Padilla announced. The new Comprehensive Cancer Center Hospital project is being built with an investment […]

Panama President Visits Haiti

Above: Panama President Ricardo Martinelli in Haiti (Photo: OP Haiti) By the Caribbean Journal staff Panama President Ricardo Martinelli has begun an official visit to Haiti. Martinelli, who arrived on Tuesday morning, is the first sitting Panamanian President to make […]

S&P: Grenada Debt Restructuring Could Take “Considerable Time”

Above: Grenada By the Caribbean Journal staff Grenada’s proposed debt restructuring could take “considerable time,” according to New York-based ratings firm Standard & Poor’s. The firm announced Friday that its “SD,” or selective default, rating on Grenada had remained unchanged. […]

21 Caribbean Storylines to Watch in 2014

Above: wind turbines in Bonaire (CJ Photo) What will be the big stories of 2014? What will be the major issues facing the Caribbean region? And what will be the most interesting ones? CJ has put together a list of […]

Dennis Chung: Jamaica in 2014

By Dennis Chung CJ Contributor AS we move towards 2014, it is natural for us to not only reflect on 2013 but also think about what we must do in 2014 to improve our lives. This should not only be […]

S&P Downgrades Barbados Credit Rating; Economy “Back Into Recession”

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its long-term rating on Barbados, the New York-based rating firm announced. The country’s long-term credit rating was lowered to “BB-” from “BB+” while Barbados’ outlook was […]

A New Way For Trinidad and Jamaica to Work Together

By Paul Hay CJ Contributor William Demas, former Head of the Economic and Planning Division of the Government of Trinidad and Tobago, compared the five-year national plans of Jamaica and Trinidad and Tobago (T&T) in his book The Economics of […]

UN: Don’t Forget Hurricane Sandy’s Impact on the Caribbean

Above: post-Sandy destruction in Cuba (UN Photo/Juan Pablo Carreras) By the Caribbean Journal staff Much of the northeastern United States was devastated by Hurricane Sandy last year, but the United Nations is urging the public not to forget the storm’s […]

Trust and Development in Jamaica

By Dennis Chung CJ Contributor IN my article last week, I looked at the role that behaviour plays in economic growth. This week I will focus on the critical nature of trust, or confidence. As I have stated on many […]

Interview With Ric Todd, Governor of the Turks and Caicos Islands

By Alexander Britell Just a few years ago, the Turks and Caicos Islands was in serious trouble. After a UK Commission of Enquiry found evidence of widespread corruption under the government of former Premier Michael Misick, the UK suspended the […]

The Caribbean’s Greatest Challenge

By Zhivargo Laing CJ Contributor WE FACE many challenges in the Caribbean, but we need to pay special attention to the region’s most serious challenge – employment. Many thousands of our people are unemployed. Thousands more are under-employed. And many […]

Standard & Poor’s Lowers Barbados Outlook to Negative

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered the outlook on its long-term rating on Barbados to negative, the New York-based ratings firm announced. S&P also announced that it had affirmed the country’s “BB+” […]

Vanderpool-Wallace: The Missing Link For Tourism in the Caribbean

By Vincent Vanderpool-Wallace CJ Contributor TOURISM MINISTERS and Commissioners and their counterparts in the private sector in the Caribbean have come to see that the region’s tourism industry is vastly underperforming compared to the potential that they see. Hotel occupancies […]

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 […]

Cyprus and Jamaica

By Dennis Chung CJ Contributor PROBABLY THE MOST senseless decision I have ever seen in my lifetime, was the decision by the Cyprus government and European Union to impose a levy of up to ten per cent on bank deposits. […]

IMF: St Lucia to See Pick-Up in Agriculture, Tourism in 2013

Above: St Lucia By the Caribbean Journal staff Following a period of “anemic” activity since the beginning of the downturn, economic activity in St Lucia is poised to “regain some momentum in 2013,” according to the International Monetary Fund, which […]

Grenada Plans to Restructure Debt

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s government will undertake a “comprehensive and collaborative restructuring of its public debt, it announced this weekend. The government said “circumstances have forced” the move, which will include its US and […]

Turks and Caicos Premier Asks UK to Recall Governor, Attorney General

Above: Turks and Caicos Premier Rufus Ewing By Alexander Britell Turks and Caicos Premier Dr Rufus Ewing has asked the United Kingdom to recall Governor Ric Todd, Attorney General Huw Shepheard and CFO Hugh McGarel Groves from office. In a […]

IMF: Tourism, Construction to Drive Stronger Growth in Bahamas

Above: construction at the Baha Mar project (CJ Photo) By the Caribbean Journal staff The Bahamas’ economy grew by 2.5 percent in 2012, with stronger growth ahead, according to the International Monetary Fund. The fund, which recently concluded its Article […]

Talking Trinidad Tourism With the TDC’s Cornell Buckradee

Above: Cornell Buckradee (CJ Photo) By Alexander Britell PARADISE ISLAND — Trinidad began to see growth out of the downturn in 2011, with 2012 showing similar improvement. But the Caribbean tourism market faces challenges to return to its pre-2008 levels. […]

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 […]

USVI Sees Big Increase in Air Arrivals

Above: St Croix By the Caribbean Journal staff The United States Virgin Islands is reporting its highest levels of air arrivals since the mid-1990s, according to a report from Texas-based consultants Reynolds, Smith and Hills. The report, which was retained […]

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 […]

IMF Lowers Haiti GDP Projection, Citing Storms, Public Capital Spending

Above: flooding like that during Hurricane Sandy impacted Haiti’s GDP growth this year (UN Photo/Logan Abassi) By the Caribbean Journal staff Real GDP growth in Haiti has slowed to 2.5 percent in 2012, down from an earlier projection that the […]

Atlantis Paradise Island Is Bringing Barbie to The Bahamas