economic

Haiti, Dominican Republic to Lead Caribbean Growth in 2014, 2015

Statistics, Geography and Development in the Caribbean Region

By George Nicholson and Nayaatha TaittOp-Ed Contributors Lifting persons in developing countries out of poverty and improving the stance of the country itself has long been a challenge faced by governments, with the Greater Caribbean being no exception. While there …

How Much Can Jamaica Grow?

By Dennis ChungCJ Contributor THE PLANNING Institute of Jamaica (PIOJ) is targeting real GDP growth of three percent in the fiscal year 2015/16. This is against the previously targeted 1.5 to two percent, under the current IMF agreement. I have long …

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 …

Cuba, Mexico Sign Agreement on Economic Cooperation

Above: Havana’s Miramar Trade Centre By the Caribbean Journal staff Cuba and Mexico have signed a new agreement on economic cooperation, Cuba’s government announced on Monday. The purpose of the agreement between Cuba and ProMexico, Mexico’s investment promotion arm, was …

Cayman Enterprise City Economic Zone Signs 100th Company

Above: a rendering of the future home of Cayman Enterprise City By the Caribbean Journal staff The Cayman Enterprise City special economic zone in Grand Cayman has signed its 100th company, CEC announced this week. The knowledge-based economic zone has …

St Maarten, Caribbean Economic Hub?

Above: St Maarten (CJ Photo) By the Caribbean Journal staff St Maarten should be a financial and economic hub of the Caribbean, St Maarten Prime Minister Sarah Wescot-Williams said this week. Speaking to German Ambassador to the Dutch Kingdom Franz …

Moody’s Downgrades Barbados Rating; Outlook Remains “Negative”

Above: Barbados (CJ Photo) By the Caribbean Journal staff Moody’s Investors Service has downgraded the government bond rating of Barbados to Ba3 from Ba1, the New York-based firm announced. The two-notch downgrade reflected several key drivers, including the country’s “continued …

Bahamas to Host Caribbean Economic Policy Forum

Above: the Atlantis Resort By the Caribbean Journal staff The second annual Caribbean Economic Policy Forum will be hosted at the Atlantis Resort on Paradise Island in the Bahamas next week. The conference, which takes place Sept. 19-20, is being …

Dennis Chung: Economic and Social Transformation in Jamaica

By Dennis ChungCJ Contributor “EVERYBODY want to go to heaven, but nobody want to die”. These words were sung by Peter Tosh in “Equal Rights.” In other words, how can we expect to go to heaven if we are still …

Foreign Investment to Jamaica Grew By 75 Percent in 2012: Report

Above: Kingston (CJ Photo) By the Caribbean Journal staff Foreign direct investment to Jamaica rose 75 percent in 2012, according to preliminary data from the United Nations Economic Commission for Latin America and the Caribbean. That represented a total of …