Search Result for: financial support

279 results found.

Bahamian Hotels to Go Green

Above: Abaco By the Caribbean Journal staff A new programme in the Bahamas will help the country’s hotel sector go green. The Caribbean Hotel Energy Efficiency and Renewable Energy Action-Advanced Programme, which launched this week, aims to improve the competitiveness […]

Jamaica “Finalizing” IMF Agreement, Plans Debt Exchange Offer

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is now “finalizing” a new agreement with the International Monetary Fund, along with a debt exchange offer to be made Tuesday, Prime Minister Portia Simpson Miller said in a national […]

Haiti’s Laurent Lamothe Meets With Delegation from Spain

Above: Haiti PM Laurent Lamothe with the Spanish delegation (Photo: OPM Haiti) By the Caribbean Journal staff Haiti Prime Minister Laurent Lamothe met Friday with a delegation led by Jesus Gracia Aldaz, Spain’s Secretary of State for International Cooperation and […]

Chung: Fixing Jamaica’s Structural Deficiencies to See Growth

By Dennis Chung CJ Contributor THERE were two occurrences within the past week that reminded me that Jamaica still has a lot to do in order to see long-term sustainable development. There was an announcement that an International Monetary Fund […]

New CEO at Cayman Finance

Above: Georgetown (CJ Photo) By the Caribbean Journal staff Cayman Finance, the organization that represents Cayman’s financial services industry, has named Gonzalo Jalles as its new Chief Executive Officer. Jalles was formerly the CEO of HSBC Cayman until founding his […]

US Virgin Islands Receives Federal Funds for Economic Development

Above: USVI By the Caribbean Journal staff The United States Virgin Islands has been awarded more than $1.4 million in economic development funding from the US Department of Commerce. Of the funding, $1 million will be used to help establish […]

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 […]

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 […]

Cayman Premier Released on Bail; Investigations “Still Very Active”

Above: the Cayman Islands Legislative Assembly (CJ Photo) By Alexander Britell Cayman Islands Premier McKeeva Bush, who was arrested Tuesday in a corruption investigation, has been released and placed on bail until February 2013, according to the Royal Cayman Islands […]

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 […]

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 […]

Turks and Caicos Government Planning Major Tourism Push

Above: Turks and Caicos By the Caribbean Journal staff The Turks and Caicos Islands House of Assembly officially reopened, following a ceremony Wednesday, with tourism at the forefront. Governor Ric Todd’s Throne Speech outlined a major push on tourism, looking […]

IMF: Dominica Economic Recovery Continues, But Losing Momentum

Above: Roseau (CJ Photo) By the Caribbean Journal staff Dominica’s economic recovery is continues, but it is losing momentum, according to the International Monetary Fund, which last week concluded its 2012 Article IV Consultation with the country. “Over the past […]

US Virgin Islands Senator Indicted for Alleged Role in Bribery Scheme

Above: the legislature building in Charlotte Amalie, St Thomas, USVI By the Caribbean Journal staff A federal grand jury in St Thomas has indicted US Virgin Islands Sen. Alvin Williams, Jr with operating and participating in a criminal enterprise that […]

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 […]

Haiti’s Central Bank, IFC Partner to Expand Leasing Infrastructure

Above: a waterfront rehabilitation project in in Port-au-Prince (UN Photo/Logan Abassi) By the Caribbean Journal staff Haiti’s Banque de la Republique d’Haiti central bank and the International Finance Corporation have signed a memorandum aimed at expanding leasing options for micro, […]

Grenada, Barbados, Dominica Warn UN on Impact of Climate Change

Above: Grenada’s Permanent UN Representative, Dessima Williams (UN Photo/Rick Bajornas) By the Caribbean Journal staff Grenada Permanent Representative to the United Nations Dessima Williams and Barbados Foreign Minister Sen. Maxine McClean urged the global body to pay attention to the […]

Bahamas and Brazil Hold High-Level Trade Talks in Brasilia

Above: Brazil Minister of External Relations Antonio de Aguiar Patriota and Bahamas Minister of Financial Services Ryan Pinder (Photo: MFS Bahamas) By the Caribbean Journal staff The Bahamas and Brazil convened high-level trade talks this week aimed at improving commercial […]

IMF: Weak Demand, Banana Crop Hold Back Dominica’s Economic Recovery

Above: Dominica By the Caribbean Journal staff While Dominica’s authorities’ public investment has helped the country withstand a challenging economic environment, weak demand and the outbreak of the Black Sigatoka banana disease will “continue to hold back” a recovery, according […]

Haiti Health Minister Calls on Caribbean to Step Up Regional HIV/AIDS Fight

Above: CARICOM headquarters in Guyana By the Caribbean Journal staff Haiti Health Minister Dr Florence Duperval Guillaume is calling on members of the Caribbean’s Pan Caribbean Partnership Against HIV/AIDS to strengthen coordination efforts and improve integration efforts. Guillaume made the […]

Op-Ed: Money Laundering in Jamaica

By Ramesh Sujanani Op-Ed Contributor Jamaica recently welcomed a new head of the FID, an organization which has much to do with cash, currencies and their movement in Jamaica, along with maintaining a liaison with overseas administrators of similar programmes. […]

Trinidad at 50: Prime Minister Kamla Persad-Bissessar’s Independence Address

Above: Trinidad Prime Minister Kamla Persad-Bissessar (Photo: OPM Trinidad) Trinidad and Tobago marked the 50th anniversary of its independence Friday. The country achieved its independence from the Great Britain on Aug. 31, 1962. The following is the text of Trinidad […]

Haiti’s Agriculture Sector Suffered $242 Million in Damage From Storm: Report

Above: the meeting of the OAS’ Group of Friends of Haiti in Washington (OAS Photo/Maria Patricia Leiva) By the Caribbean Journal staff More than 81,000 hectares under cultivation in Haiti have reportedly been damaged by Tropical Storm Isaac, including bananas, […]

Haiti: United Nations Migration Official Urges Progress on Tent Camps

Above: a UN peacekeeper provides medical help after Tropical Storm Isaac (MINUSTAH Photo/Victoria Hazou) By the Caribbean Journal staff Thousands of people were supported by Haiti’s Civil Protection office during Tropical Storm Isaac, and many of the vulnerable people in […]

Op-Ed: Jamaica, Trinidad and the Travails of the Caribbean Court of Justice

By Ramesh Sujanani Op-Ed Contributor There is a great mistrust among the peoples of CARICOM. The average Trinidadian does not trust the average Jamaican, nor do Jamaicans trust the Bajans, especially since the Myrie incident which is in court. I […]

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 […]

UN’s Fisher to Donors: Haiti Needs $81 Million to Meet Humanitarian Needs

Above: Nigel Fisher, the UN Resident and Humanitarian Coordinator for Haiti (UN Photo/Victoria Hazou) By the Caribbean Journal staff Calling the international response to the Consolidated Appeal for Haiti “disappointing,” Nigel Fisher, the UN Resident and Humanitarian Coordinator for Haiti, […]

Montserrat Development Corporation Names New Board of Directors

Above: Montserrat By the Caribbean Journal staff The Montserrat Development Corporation has named a new board of directors to help execute the company’s mandate of driving private sector growth. Its incoming chairman will be John Ryan, a local Montserratian businessman […]

A New Luxury Resort Is Coming to the Best Beach in Saint Lucia