Search Result for: debt payment

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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. […]

Grenada Unveils 2012 Budget Including Taiwan Debt Payment, Minister Pay Cuts

By Lincoln Depradine ST GEORGE’S – Government ministers in Grenada will take a 5 percent cut in pay starting next month, Finance Minister Nazim Burke has announced. He made the announcement Friday while presenting the country’s $378.9 million USD 2012 […]

Grenada Expecting “Significant Reduction” in Debt Size, Payments

Above: Grenada By the Caribbean Journal staff Grenada expects “significant reductions” in both the size of the country’s debt and its debt payments, Prime Minister Dr Keith Mitchell announced this week. Mitchell made the announcement in New York following a […]

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 […]

Op-Ed: Debt Relief for Climate Action

By Kamalesh Sharma Op-Ed Contributor Global warming is emerging as one of the greatest injustices of our time. Small island states in the Pacific, for example, have done little to cause climate change, yet may soon disappear into a rising […]

Grenada Reaches Deal to Restructure Taiwanese Debt

Above: Grenada (CJ Photo) By the Caribbean Journal staff The government of Grenada says it has reached a “comprehensive” agreement to restructure its debt to the Export-Import Bank of Taiwan. The agreement reduces the principal outstanding on the $36.6 million […]

Moody’s Upgrades Belize Credit Rating, Warns of “Debt Overhang”

Above: Parliament in Belmopan By the Caribbean Journal staff New York-based Moody’s has upgraded the credit rating on Belize’s government bonds, the firm announced Monday. The rating has been lifted to Caa2 from Ca, with a “stable” outlook. The move […]

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 […]

Fitch Raises Jamaica’s Sovereign Rating, Citing Debt Exchange

Above: Kingston (CJ Photo) By the Caribbean Journal staff Fitch has raised Jamaica’s local and foreign currency default ratings to “CCC” from “RD,” the New York-based firm announced Friday. The “CCC” rating implies that default is a “real possibility,” however. […]

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 […]

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 […]

S&P Lowers Grenada Foreign Currency Ratings After Missed Bond Payment

Above: Grenada (CJ Photo) By the Caribbean Journal staff Standard & Poor’s has lowered its foreign currency sovereign credit ratings on Grenada following a missed bond payment, the ratings firm announced Monday. S&P has lowered its foreign currency sovereign credit […]

S&P: Belize Remains in Default, Despite Partial Coupon Payment

Above: Parliament in Belize By the Caribbean Journal staff Ratings firm Standard & Poor’s has not changed its “SD” foreign currency ratings and “D” rating on Belize’s bond due in 2029 after the country made a partial payment of $11.7 […]

Belize “Unable” to Make Coupon Payment

Above: Parliament in Belmopan By the Caribbean Journal staff The government of Belize announced Tuesday that it would be unable to make an Aug. 20 coupon payment on the country’s US Dollar Step-Up Bonds due in 2029. In a statement, […]

Jamaica’s Phillips: Country Must Put Debt on Downward Trajectory

Above: Finance Minister Dr Peter Phillips By the Caribbean Journal staff Jamaica must develop comprehensive policies aimed at putting the country on the path toward reducing its debt burden, according to Finance Minister Dr Peter Phillips. Jamaica’s debt payments were, […]

Taiwan-Grenada Loan Dispute Threatens Payments to Airports Authority

Above: Grenada (CJ Photo) By the Caribbean Journal staff The Grenadian Ministry of Tourism and Civil Aviation is working to find a solution to current financial issues at the Grenada Airports Authority relating to a lawsuit by the Taiwanese government. […]

St Kitts and Nevis Government Working on Debt Restructuring Plan

Above: Charlestown, Nevis (CJ Photo) The government of St Kitts and Nevis is in advanced discussions with the Caribbean Development Bank on a comprehensive debt restructuring exercise. The two sides are discussing a partial guarantee from the CDB that would […]

Economist Dr Michael Witter on Debt, Globalisation and the Jamaican Economy

By Alexander Britell Dr Michael Witter is an economist and senior lecturer at the Sir Arthur Lewis Institute of Social and Economic Studies at the University of the West Indies Mona. He is also one of the Caribbean’s experts on […]

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 […]

Turks and Caicos Islands Reports Revenue Surplus for First Half of 2012

Above: the Turks and Caicos (Photo: TCIT) By the Caribbean Journal staff The Turks and Caicos Islands government is reporting an overall revenue surplus of $5.72 million for the first half of 2012, an improvement of $10 million over the […]

Chinese Delegation Visits Grenada

Above: China’s Chen Changzhi and Grenada’s Nazim Burke (Photo: OP) By the Caribbean Journal staff A 20-member Chinese delegation arrived in Grenada Thursday for a visit with government officials. The group was led by Chen Changzhi, vice chairman of the […]

Why Belize Could Be Ripe for Hotel Investment

By Joe Pike, Special Contributor Caribbean Journal Invest (CJI) recently spoke with some top Belize real estate experts to find out why the Central American destination could be prime territory for hotel investment once the coronavirus (COVID-19) crisis is over. […]

Jamaica and the IMF: What’s Next?

Looking ahead for Jamaica and the IMF By Marcia Forbes, PhD CJ Contributor Jamaicans Fear IMF’s Exit Everyone in the room wanted Jamaica to remain in a strictly monitored formal IMF programme, complete with sanctions for missed targets. Some scoffed […]

Is It Time for a Caribbean Stock Exchange?

Is it time for a regional stock exchange in the Caribbean? By Marcia Forbes, PhD CJ Contributor Jamaica’s Junior Stock Market Punching above its Weight As its General Manager, Marlene Street-Forrest can take kudos for the Jamaica Stock Exchange (JSE) […]

Why Jamaica Can Regain Its Place As the Powerhouse of the Caribbean

A turning point By Dennis Chung CJ Contributor As was expected, 2015 was a turning point for the economy and the fiscal accounts. In 2015 the Jamaican economy started to see the benefits of the economic reform programme (ERP) and […]

How Tourism Saves Jamaica

By David P Rowe Op-Ed Contributor During the recent Greek debt crisis, commentators have been referring to Jamaica as an example of another country with a huge debt burden. This is true — Jamaica’s gross public debt hovers higher than […]

These are Four Clear Ways to Stimulate Development in Jamaica

By Dennis Chung CJ Contributor MOST times when we speak about economic and social development, many of us think about the cost of infrastructure or costs associated with the government providing stimulus to the economy. Or if we talk about […]

Productivity in Jamaica

By Dennis Chung CJ Contributor JAMAICA SEEMS set to pass the sixth International Monetary Fund (IMF) test, underlining the fact that we have, no doubt, been making progress in establishing the framework on which development must take place. I say this […]

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