Search Result for: managing

Above: IMF Managing Director Christine Lagarde By the Caribbean Journal staff The international community needs a cooperative policy response to economic challenges more than ever before, according to International Monetary Fund Managing Director Christine Lagarde. The IMF chief, who was speaking in Japan, said the global economic outlook had become “regrettably, more worrisome” in the […]

Above: Panama President Ricardo Martinelli in Honduras (Photo: OP) By the Caribbean Journal staff Panama has fully joined the Central American Integration System, in a move the country hopes will improve its trade with the region. SICA is Central America’s regional economic, cultural and political organization. While Panama had been a member of SICA, it […]

Above: DBJ Managing Director Milverton Reynolds, DBJ Project Coordinator Christopher Brown, Minister of State Julian Robinson and CAC 2000’s Steven Marston By the Caribbean Journal staff Jamaican small businesses are getting a green boost thanks to a new project from the Development Bank of Jamaica and the Inter-American Development Bank. The project, called GreenBiz, aims […]

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 the Year, is the managing director of the Bolongo Bay Beach Resort in St Thomas. […]

Above: Parliament in Antigua By the Caribbean Journal staff Antigua and Barbuda will receive a $20.3 million disbursement from the International Monetary Fund, following the fund’s completion of the fourth, fifth and sixth revues of the country’s economic performance under a 36-month Stand-by Arrangement. The funds bring disbursements under the arrangement to a total of […]

Above: the boardwalk at the SoCo Hotel in Barbados By the Caribbean Journal staff The SoCo Hotel in Barbados is set to open its doors Aug. 15, according to Tropical Sky, which will exclusively feature the property. The Art Deco-inspired hotel, which is located at the beginning of the South Coast Board Walk near Bridgetown, […]

Above: Captains Gwendolyn Ritchie, Gail Saunders and Frances Smith BIS Photo/Letisha Henderson) By the Caribbean Journal staff Bahamian national air carrier Bahamasair has introduced the first female pilots in the company’s history. Three pilots, Gwendolyn Ricthie, Gail Saunders and Frances Smith, have each been promoted to Dash 8 aircraft captains. The three were introduced at […]

Above: Prime Minister Tillman Thomas By the Caribbean Journal staff With Grenada seeing its second high-profile cabinet resignation in less than a month, Prime Minister Tillman Thomas said his government remained dedicated to the task of running the country. “Most of you are clearly indicating that as a government, we need to resolutely pursue the […]

Above: St Lucia Prime Minister Dr Kenny Anthony By the Caribbean Journal staff St Lucia Prime Minister Dr Kenny Anthony explained the soon-to-be-implemented Value Added Tax in his budget address this week, clarifying a set of goods and services that will be exempt from the tax. According to Anthony, these goods and services “include but […]

Above: Barbados Prime Minister Freundel Stuart (UN Photo/Devra Berkowitz) By the Caribbean Journal staff Barbados Prime Minister Freundel Stuart is set to begin a five-day visit to Washington, DC this weekend. The vist will be highlighted by “brief” courtesy calls on Inter-American Development Bank President Luis Alberto Moreno, outgoing World Bank President Robert Zoellick and […]

Above: from left to right, Wesner La Forest’s works (Photo: Edward Thorp Gallery) By the Caribbean Journal staff An ongoing exhibition at New York’s Edward Thorp Gallery looks at the work of four masters of Haitian art: Wesner La Forest, Peterson Laurent, Odilon Pierre and Bourmond Byron. The exhibition, Haitian Masters: 1950-1980’s, which lasts through […]

Above: Champ de Mars, Port-au-Prince AS INTERNATIONAL ORGANIZATIONS in Haiti begin their drawdown, millions earmarked for cleaning latrines departs with them, while those in the country’s camps seek answers. With support from the Fund for Investigative Journalism in Haiti, Phares Jerome and Valery Daudier report. By Phares Jerome and Valery Daudier PORT-AU-PRINCE — Some 11,000 […]

Above: Miragoane, Haiti (UN Photo/Victoria Hazou) By the Caribbean Journal staff Haiti’s economy has as a favourable outlook, and continues to recover, though economic and political risks remain, according to the International Monetary Fund. The International Monetary Fund’s Executive Board has completed the second and third reviews of Haiti’s performance under the Extended Credit Facility […]

Above: A school in Leogane By the Caribbean Journal staff The Haitian commune of Belloc will get its first communal water centre on Thursday, thanks to an initiative from the ONE DROP Project Haiti. The new centre means residents of Belloc, which is located in the Leogane district, can access new centralized water points. The […]

Above: Gun Point Island By the Caribbean Journal staff The Bahamas’ new Gun Point base, which is currently under development, should be operational this year, according to National Security Minister Tommy Turnquest. The base, which will be located on Ragged Island, aims to help the Royal Bahamas Defence Force maintain a constant presence in the […]

Above: IMF Managing Director Christine Lagarde (IMF Photo/Dirk Enters) By the Caribbean Journal staff The world economy is “still not out of the danger zone,” International Monetary Fund Managing Director Christine Lagarde said following the conclusion of the G20 Finance Ministers and Central Bank Governors meeting in Mexico City Sunday. “The G20 countries must now […]

By Alexander Britell THE POLICE RAID on Trinidad newspaper Newsday and the home of one of its journalists earlier this month sent shockwaves throughout Trinidad and the region. Trinidad’s Prime Minister and the opposition have expressed “grave” concern over the events, as has Attorney General Anand Ramlogan, who called for Police Commissioner Dwayne Gibbs to […]

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, bringing total disbursements under the arrangements to $51.6 million. “St Kitts and Nevis’ economy is […]

By the Caribbean Journal staff A joint delegation from the European Union and the International Monetary Fund is in Antigua examining its public sector financial management needs. In December, the EU approved a grant of just under $4 million which aimed to strengthen Antigua’s revenue administration and public financial management. That grant is the subject […]

By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a disbursement for $3.1 million to Dominica under its Rapid Credit Facility. The funding is aimed at helping Dominica with reconstruction and rehabilitation following a series of floods and landslides in the summer and fall of 2011. The floods caused millions of […]

Above: Cool Corp is the Jamaica licensee for Shell (Photo: Shell) By the Caribbean Journal staff United States private equity firm Blue Equity has purchased a controlling interest in Cool Petroleum, the largest fuel retailer in Jamaica, according to a company release. Cool Petroleum is the licensed user of Shell brands in Jamaica, and the […]

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 about next year, Caribbean Journal talked to a range of experts, analysts and observers across […]

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 rates of 8 to 10 percent— so fast in fact that early this year economists […]

By Alexander Britell Dr Saphire Longmore is the Jamaica Labour Party candidate for Eastern St Andrew in the upcoming election in the country Dec. 29. Longmore, who recently completed her MD in psychiatry, is also a former Miss Jamaica Universe and one of a new generation of young Jamaicans entering the political scene. She’s also […]

By the Caribbean Journal staff Rum company Tortuga has united its operations across the Caribbean, consolidating affiliates in Cayman, Jamaica, Barbados and Florida. The founders of Miami-based Tortuga Imports will lead the company, now called Tortuga International, with Marcus Simmonds as CEO and Monique Hamaty-Simmonds Chief Marketing Officer for Tortuga International. The company also announced […]

Above: Scrub Island in BVI By the Caribbean Journal staff The British Virgin Islands has appointed a new Board of Directors for its BVI Tourist Board, according to Premier Dr Orlando Smith. The board was appointed with the approval of Cabinet earlier this month. “Tourism is the largest contributor to the Gross Domestic Product of […]