Search Result for: economic recovery

192 results found.

Interview with Haiti PM Laurent Lamothe

Above: Haiti Prime Minister Laurent Lamothe (UN Photo/ J Carrier) By Alexander Britell Haiti is trying to move the process of reconstruction into a higher gear. While the country’s GDP has been growing at a strong pace, natural disasters […]

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 […]

Interview with Barbados Minister of Tourism Richard Sealy

Above: Tourism Minister Richard Sealy (CJ Photo) By Alexander Britell The Caribbean tourism sector is in a period of change, as the region seeks to emerge from the global downturn. As Caribbean nations like Barbados look to move beyond the […]

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 […]

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 […]

Jamaica’s Debt Interest Payments Were World’s Highest in 2011: Report

Above: Kingston By the Caribbean Journal staff Jamaica’s “unsustainable public debt burden” continues to displace needed investments, preventing long-term growth, according to a new paper from the Center for Economic and Policy Research. In 2011, Jamaica had the highest debt […]

Haiti’s Martelly Opens National Investment Forum in Port-au-Prince

Above: Trade Minister Wilson Laleau and President Michel Martelly at the forum (Photo: OP) By the Caribbean Journal staff Haitian President Michel Martelly opened a national forum on investment in Haiti at the Hotel Karibe Monday, seeking to attract investors […]

Bermuda GDP Falls Again in 2011, But Tourism Industry a Bright Spot

Above: Bermuda (Photo: BT) By the Caribbean Journal staff Bermuda’s economy contracted by an estimated rate of between 1.5 and 2.5 percent in 2011, following a 1.9 percent decline in 2010, according to the National Economic Report of Bermuda 2011 […]

Puerto Rico Shows Positive Growth, Unemployment Falls to Three-Year Low

Above: Gov. Luis Fortuño By the Caribbean Journal staff Puerto Rico’s Economic Activity Index grew 0.5 percent in December 2011, the first year-over-year growth since the recession began in 2006, according to the Government Development Bank for Puerto Rico. The […]

Interview with John Ashton, UK Special Representative for Climate Change

By Alexander Britell “It was the voice of the Caribbean that changed the world at Durban,” says John Ashton, the UK Foreign Secretary’s Special Representative for Climate Change. The Caribbean, perhaps more than any region in the world, faces an […]

The Caribbean in 2012

What’s in store for the Caribbean in 2012? In our Year in Review, we looked at the big stories of 2011, from the continued influence of China to the growth of green energy in the region. To find out more […]

The Caribbean Year in Review

For the Caribbean, it was the Year of the Vote. By year’s end, five countries, Jamaica, Guyana, St Lucia and Haiti and the British Virgin Islands, will have chosen new leadership, with Jamaicans headed to the polls on Thursday. It […]

Regional Outlook: Preparing for the Worst, Hoping for the Best

By Hasan Tuluy Op-Ed Contributor Latin America and the Caribbean began 2011 on an economic high. After swiftly bouncing back from the 2008/2009 global crisis, the region grew at a record level in 2010 with some countries reaching East Asian […]

Haiti to Revive Hotel School

Above: the Oasis Hotel By the Caribbean Journal staff With hotel development on the rise in Haiti, the country will now see its hotel school revived, thanks to a grant from the Clinton Bush Haiti Fund. The fund announced a […]

Montserrat’s Economy to Grow 5 Percent in 2012: IMF Report

By the Caribbean Journal staff Montserrat’s economy is projected to grow by 5 percent in 2012, following growth of just 0.5 percent in 2011, according to the International Monetary Fund. The country has made “enormous progress” in its ongoing recovery […]

Durandis: Haiti’s Aid-Industrial Complex

Above: a home in Leogane By Ilio Durandis Even before the disastrous earthquake that rocked Haiti on Jan. 12, 2010, the country suffered immensely from the symptoms of its Aid Industrial Complex (AIC). The term Republic of NGOs (Non-Governmental Organizations) […]

Interview with St Lucian Tourism Minister Sen. Allen Chastanet

By Alexander Britell St Lucians head to the polls on Monday, with a choice between Prime Minister Stephenson King’s ruling United Workers Party and former Prime Minister Dr Kenny Anthony’s Saint Lucia Labour Party. The major issues in a tightly-fought […]

Anguilla Chamber of Commerce President Keithley Lake Talks Business

Above: the Viceroy Anguilla By Alexander Britell While Anguilla saw a wave of luxury resort development during the economic boom in the middle of the decade, like the rest of the Caribbean it was hurt by the economic downturn. Some […]

UN: Haiti Humanitarian Crisis “Not Over”

Above: UN Under-secretary-general for Humanitarian Affairs Valerie Amos (UN Photo) By the Caribbean Journal staff Humanitarian assistance must continue in Haiti, alongside development and reconstruction work, UN Under-Secretary-General for Humanitarian Affairs Valerie Amos said today. “The humanitarian crisis in Haiti […]

In Shift, Cayman Shows Positive Growth

Above: Premier McKeeva Bush (Photo: GIS) By the Caribbean Journal staff After a contraction of 4.1 percent a year ago in the Caymanian economy, Cayman recorded positive growth in the first six months of 2011, according to a report from […]

Barbados Pushes Rural Microfinance

Above: Minister Denis Kellman The small business sector is playing a key role in the recovery of the local economy in Barbados, Industry Minister Denis Kellman said at a speech to entrepreneurs in St Michael. Much of that growth may […]

Jamaica Reports Positive Growth in 2Q

Above: Dr Gladstone Hutchinson, center, said the mining industry had outperformed all sectors (FP) By the Caribbean Journal staff The Jamaican economy grew by 1.5 percent during the second quarter of this year, led by growth in mining, hospitality, agriculture […]

Irwin Stotzky: Haiti, Here We Go Again

Above: a girl stands in front of her home for persons displaced by the earthquake in Port-au-Prince. (UN Photo: Logan Abassi) By Irwin Stotzky Op-Ed Contributor The news from Haiti is grim. Nineteen months after the devastating earthquake, the future […]

Cristina Savescu, World Bank Economist, on Caribbean Growth

By Alexander Britell Earlier this week, the World Bank released a report on growth prospects for Latin America and the Caribbean. That macro region had three distinct areas – Latin America itself, which is in the midst of an economic […]

From Antigua to Saint Lucia to St Kitts, This Caribbean Airline Is Growing