Search Result for: fiscal year

266 results found.

Op-Ed: Belize’s Debt Payment

By Kay Menzies Op-Ed Contributor Certain realities are very much present in our daily economic life in Belize. For example, the population is, at this point, fully aware that we have a huge debt burden relative to our country’s size. […]

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 […]

Jamaica, Macau Sign Tax Agreement

Above: Macau Tower By the Caribbean Journal staff Jamaica and Macau have signed an agreement on the exchange of information on tax matters, Finance Minister Dr Peter Phillips said Friday. The pact will strengthen administrative cooperation between the two countries, […]

S&P Affirms Montserrat Credit Rating; Outlook Remains “Stable”

By the Caribbean Journal staff Standard & Poor’s this week affirmed Montserrat’s “BBB-/A-3” sovereign issuer credit rating, while also affirming its “BBB-” transfer and convertibility assessment. Monterrat’s outlook remains “stable,” according to the ratings firm. The rating reflected “the UK’s […]

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 […]

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 […]

Moody’s Upgrades Suriname Bond Rating, Raises Outlook to “Positive”

Above: Paramaribo (Photo: IDB) By the Caribbean Journal staff Ratings firm Moody’s has upgraded the foreign currency rating of the government of Suriname to Ba3 and raised the country’s economic outlook from stable to “positive.” The change came from several […]

Guyana Continues “Impressive” Growth

Above: Amaila Falls By the Caribbean Journal staff Despite a worsening international economic climate, Guyana’s economy remains resilient, according to the International Monetary Fund. Last year, Guyana’s economy recorded a 5 percent increase in GDP, what the IMF called “impressive […]

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 […]

Op-Ed: The Value of Jamaica’s Dollar

By Ramesh Sujanani Op-Ed Contributor It is now being touted that, with Jamaica’s expenditure exceeding its income, constant depreciation of the Jamaican Dollar is imminent. It has been said that this is no different to what has occurred in the […]

Haiti’s Economy “Continues to Grow,” But Must Accelerate Reconstruction: IMF

Above: Jacmel during Carnival By the Caribbean Journal staff Haiti’s economy is moving in a positive direction, though at a level below that projected by the International Monetary Fund’s Extended Credit Facility arrangement, the IMF said following the conclusion of […]

New Caribbean Hotel and Tourism Association President Takes Office

Above: the Bolongo Bay Beach Resort in St Thomas By the Caribbean Journal staff Richard Doumeng takes office Thursday as the new president of the Caribbean Hotel & Tourism Association. Doumeng, a second-generation hotelier and former CHTA Caribbean Hotelier of […]

After “Significant Turnaround,” Turks and Caicos to Hold Elections Nov. 9

Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff The Turks and Caicos Islands will hold its long-awaited elections Nov. 9, according to United Kingdom Foreign Secretary William Hague. The Turks and Caicos has met seven […]

Bahamas to Focus on Urban Renewal Programme, Mulls National Lottery

Above: Perry Christie (centre) and other MPs head to Parliament ahead of the Budget Communication (BIS Photo/Patrick Hanna) By the Caribbean Journal staff The Bahamian government is planning to revive the country’s Urban Renewal programme and is considering a national […]

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 […]

US Virgin Islands Governor Opposes Creation of Chief Financial Officer

Above: US Virgin Islands Governor John de Johgh and Delegate Donna Christensen By the Caribbean Journal staff US Virgin Islands Governor John de Jongh is opposing the legislation brought by USVI Delegate Donna Christensen that would create a Chief Financial […]

US Virgin Islands Delegate Christensen Introduces Bill to Create CFO

Above: US Virgin Islands Delegate Donna Christensen By the Caribbean Journal staff Legislation to establish a Chief Financial Officer in the US Virgin Islands is an “evolution” for the territory, USVI Delegate Donna Christensen said Thursday during testimony after introducing […]

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 […]

Turks and Caicos Projects Revenue Increase, But “Further Work” Remains

Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff Turks and Caicos’ draft budget projects a 20 percent increase in revenues for the financial year 2012/2013. The new draft budget, which goes to Turks and Caicos’ […]

Jamaica’s Economic Recovery “Fragile,” With Strong Downside Risks: IMF

Above: IMF Mission Chief for Jamaica Luis Breuer and Jamaican Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff While Jamaica saw positive GDP growth in 2011, following three consecutive years of decline, its recovery remains “fragile,” according […]

Turks and Caicos Governor Signs New Public Finance Management Law

Above: the Turks and Caicos House of Assembly (Photo: GIS) By the Caribbean Journal staff Turks and Caicos Governor Ric Todd has signed the territory’s new Public Financial Management Ordinance aimed at improving standards of accountability in the management of […]

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 […]

Eastern Caribbean Economy Declines, But Tourism Sector Shows Promise

Above: St Kitts and Nevis (CJ Photo) By the Caribbean Journal staff The economies of the Eastern Caribbean Currency Union saw a 0.6 percent drop in economic activity in 2011, although that represented an improvement from a 2.2 percent drop […]

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 […]

IMF: St Kitts and Nevis Outlook “Favourable,” September Targets Met

By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its first review of St Kitts and Nevis’ economic performance under a 36-month Stand-by Arrangement. The completion of the review allows the immediate disbursement of $17.6 million, […]

Interview with St Kitts and Nevis Foreign Minister Sam Condor

By Alexander Britell GRENADA – The seventh UK-Caribbean Forum that met in Grenada this weekend looked at a range of areas of cooperation as the Caribbean and the UK open up a “new and more modern relationship” going forward. As […]

UK, Caribbean Open Up “New and More Modern Relationship” in Grenada Talks

Above, from left: Saint Kitts and Nevis Foreign Minister Sam Condor and United Kingdom Foreign Secretary Wiliam Hague (CJ Photo) By Alexander Britell GRENADA — The United Kingdom and the Caribbean began talks today aimed at renewing and revitalizing their […]

Barbados: “We Will Not Roll Over and Play Dead” in Economic Recession

Above: Finance Minister Chris Sinckler By the Caribbean Journal staff Barbados will not “roll over and play dead” during the current economic recession, according to Finance Minister Chris Sinckler. “That’s not the stance this government has, or will ever take, […]

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