Search Result for: debt restructuring

46 results found.

S&P: Grenada Debt Restructuring Could Take “Considerable Time”

Above: Grenada By the Caribbean Journal staff Grenada’s proposed debt restructuring could take “considerable time,” according to New York-based ratings firm Standard & Poor’s. The firm announced Friday that its “SD,” or selective default, rating on Grenada had remained unchanged. […]

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 […]

Nevis Debt Restructuring Will Help Realign Economy: Parry

Above: Charlestown (CJ Photo) By the Caribbean Journal staff Nevis’ ongoing debt restructuring will help realign the island’s economy, according to Premier Joseph Parry. The Premier said his administration was taking the process “very seriously,” appealing to Nevisians to do […]

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 […]

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 […]

Standard & Poor’s Raises Jamaica Credit Rating After Debt Exchange

Above: Kingston (CJ Photo) By the Caribbean Journal staff Following a similar move by Fitch last week, Standard & Poor’s has raised Jamaica’s foreign and local currency sovereign credit ratings to “CCC+” and out of default. The move came after […]

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. […]

St Kitts and Nevis Debt-to-GDP Ratio Could Fall Below 100 Percent

Above: Basseterre, St Kitts (Photo: Erasmus Williams) By the Caribbean Journal staff St Kitts and Nevis’ debt-to-GDP ratio, which was once nearly 200 percent, is expected to fall below 100 percent, according to Prime Minister Dr Denzil Douglas. The report […]

Bahamas’ Atlantis, Ocean Club Resorts Change Hands after Restructuring Deal

By the Caribbean Journal staff Brookfield Asset Management will assume Kerzner International’s ownership interests in the Atlantis Paradise Island resort, along with the interest in the One&Only Ocean Club resort, which is also on the country’s Paradise Island. Kerzner has […]

Antigua Names Martin Franklin New Special Economic Envoy

Above: Martin Franklin with Antiguan officials By the Caribbean Journal staff Antigua and Barbuda has named financier Martin Franklin the country’s newest Special Economic Envoy. The role is the same given earlier this month to Hollywood star Robert De Niro. […]

Grenada: IMF Approves $2.9 Million Disbursement Following Review

Above: Grenada (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its first review of Grenada’s performance under a three-year programme supported by an Extended Credit Facility. The review’s completion means Grenada will now […]

IMF: Grenada Economic Recovery “Slowly Taking Hold”

Above: Grenada (CJ Photo) By the Caribbean Journal staff Grenada has made a strong start in implementing its new IMF programme, the fund said following the completion of its first review of its programme with the country. The programme was […]

IMF: “Substantial Strides Have Been Made” in St Kitts and Nevis

Above: downtown Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis has made “substantial strides” sing its home-grown economic programme, according to the International Monetary Fund. The IMF recently concluded its ninth and final review […]

Understanding the Path to Jamaica’s Development, Part 1

By Dennis Chung CJ Contributor ALMOST daily I get questions on what will happen to the Jamaican economy and whether or not we are moving in the right direction. Or sometimes, get a comment that my expressed cautious optimism is […]

Grenada, IMF Reach $21.9M Agreement

Above: Grenada By the Caribbean Journal staff The government of Grenada and the International Monetary Fund have reached a staff-level agreement, the IMF announced. The economic programme will be supported by a three-year, $21.9 million extended credit facility, according to […]

Op-Ed: World Bank VP Hasan Tuluy on a Balanced Path to Caribbean Prosperity

By Hasan Tuluy Op-Ed Contributor The recent High Level Caribbean Forum in Nassau was the latest in a series of discussions to develop a road map for the region’s long-term economic growth while addressing persistent debt and fiscal issues. A […]

IMF Approves Disbursement of $30.6 Million to Jamaica

Above: Kingston (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $30.6 million disbursement to Jamaica. The move follows the completion of its first review of the country’s performance under an economic programme […]

IMF Team Visits Grenada

Above: Grenada By the Caribbean Journal staff An International Monetary Fund mission is currently visiting Grenada. The team, which began its visit on Sept. 2, will conclude its trip on Sept. 13. It is being led by Aliona Cebotari. The […]

IMF: Signs of Economic Recovery in St Kitts and Nevis

Above: St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis’ economy is showing signs of growth after four years of contraction, according to the International Monetary Fund. The IMF concluded its fifth and sixth reviews of […]

New Fund to Boost Tobago Tourism

Above: Pigeon Point beach By the Caribbean Journal staff Hoteliers in Tobago will soon have access to a $50 million development fund, Trinidad’s government announced. The financial lifeline will come from the EximBank of Trinidad and Tobago. The fund was […]

Grenada Prime Minister Vows Budget Before April 30 Deadline

Above: St George’s Grenada (CJ Photo) By the Caribbean Journal staff Grenada’s government will deliver its budget in the next two to three weeks ahead of the April 30 deadline, according to Prime Minister Dr Keith Mitchell. The Prime Minister […]

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 […]

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 […]

Antigua and Barbuda to Receive $20.3 Million from International Monetary Fund

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 […]

Nevis Premier: Path “Getting Clearer” to Geothermal Energy Project

By the Caribbean Journal staff Nevis has overcome a number of hurdles as it seeks to move forward on the island’s geothermal energy project, according to Premier Joseph Parry. “I am pretty pleased about it,” Parry said Wednesday on his […]

St Kitts and Nevis Passes International Monetary Fund’s December Tests

Above: Charlestown, Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis met all of the International Monetary Fund’s quantitative performance criteria at the end of December in addition its structural benchmarks, according to George Tsibouris, head of […]

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 […]

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