economy

IMF: Trinidad Economy "Poised for Modest Recovery" in 2013
resorts

This Island in The Bahamas Is Filled With Pink Sand Beaches and Chic Resorts — and Called the “Caribbean Nantucket”

 caribbean nantucket

Sand. Sea. Simplicity. That’s what greets you when you step onto Harbour Island, the three-mile sliver of paradise just off the coast of northern Eleuthera. It’s been called the Caribbean’s Nantucket — and the comparison isn’t accidental. This is an island of timeless charm, understated style and a rare blend of barefoot luxury. Walk the […]

economy

Cuba's Raul Castro Criticizes Country's "Atmosphere of Indiscipline"

Above: Raul Castro By the Caribbean Journal staff Cuban leader Raul Castro called on Cubans this weekend to overcome what he saw as an “atmosphere of indiscipline” on the island. Castro, who was addressing a session of Cuba’s National Assembly on Sunday, said society had come to see things like robbery, squatting and taking bribes […]

economy

Op-Ed: How to Contain Jamaican Crime

By Kent Gammon Op-Ed Contributor THE MURDER RATE per 100,000 is 41 in Jamaica, making it one of the most murderous countries in the world. With its economy heavily dependent on tourism, crime is not a variable it can afford. No one will travel to “marketed paradise” if it really is a war zone. And […]

economy

Op-Ed: Why the Bahamas Must Focus on Entrepreneurship

By Mark A Turnquest Op-Ed Contributor NEW ENTREPRENEURS in the Bahamas must get into the game by conducting a comprehensive market search before they develop practical business plans. Existing small and medium sized enterprise (SMEs) owners must stay in the game by executing their business plans in an effective and efficient manner. It is quite […]

Op-Ed: How to Contain Jamaican Crime

 By Dennis Chung CJ Contributor Playing Cricket on a Volleyball Court ANYONE who knows the game of cricket would know how difficult it would be to fit all 22 players, both umpires, and both sets of stumps on a volleyball court. It would of course be possible to do so, but would be very uncomfortable […]

IMF: St Kitts and Nevis Economy to Recover in 2013 After Contraction in 2012

 Above: Basseterre (CJ Photo) By the Caribbean Journal staff While St Kitts and Nevis’ economy contracted by 1.3 percent in 2012, the country is projected to see a recovery in 2013 with 2 percent growth, according to the International Monetary Fund. Last year’s contraction reflected “sluggish construction and tourism sectors,” according to the IMF, which […]

Jamaica's Economy Contracted in First Quarter of 2013: Report

 Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica’s economy contracted by between 0.2 and 1.2 percent in the first quarter of 2013, according to estimates from the Bank of Jamaica. For the 2012/2013 fiscal year, the economy is estimated to have contracted in the range of between 1 percent and 0 percent, according […]

Central Bank: Trinidad Economy Grew Just 0.2 Percent in 2012

 Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Trinidad and Tobago saw GDP growth of just 0.2 percent in 2012, lower than its expected rate of 1 percent, according to Central Bank Governor Jwala Rambarran. The shortfall was due in part to a weaker than expected fiscal stimulus, the prolonged Trinidad Cement […]

IMF Approves $10.16 Million Disbursement for Antigua and Barbuda

 Above: St John’s (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $10.162 million disbursement to Antigua and Barbuda, following the completion of its eight and ninth reviews of the country’s economic performance under a programme supported by a 36-month stand-by arrangement. The deal brings the total disbursements […]

Haiti's Martelly Travels to Suriname For Meeting With Bouterse

 Above: the Amazon River in Suriname By the Caribbean Journal staff Haiti President Michel Martelly continued his South American tour with a visit to Suriname on Friday. Martelly met with Suriname President Desi Bouterse in Paramaribo, discussing agriculture, the free movement of Haitians within CARICOM countries and Haiti’s participation in CARIFESTA, which Suriname will be […]

IMF: Trinidad and Tobago's Economy to Grow 1.5 Percent in 2013

 Above: Port of Spain By the Caribbean Journal staff Trinidad and Tobago’s economy is projected to grow by around 1.5 percent in 2013, according to the International Monetary Fund, which concluded an Article IV mission to the country this week. “Trinidad and Tobago has suffered from several years of sub-par growth, with economic performance hampered […]

IMF: St Lucia to See Pick-Up in Agriculture, Tourism in 2013

Above: St Lucia By the Caribbean Journal staff Following a period of “anemic” activity since the beginning of the downturn, economic activity in St Lucia is poised to “regain some momentum in 2013,” according to the International Monetary Fund, which recently concluded its Article IV Consultation with the country. The country’s real GDP is projected […]