economy

Op-Ed: How to Contain Jamaican Crime

 By Kent GammonOp-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 …

Op-Ed: Why the Bahamas Must Focus on Entrepreneurship

 By Mark A TurnquestOp-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 …

Does Jamaica Need a Redesign?

 By Dennis ChungCJ 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. …

LATEST NEWS

 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 …

 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 …

 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 …

 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 …

 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. …

 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 …

 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 …

 By Andy GomezOp-Ed Contributor We recently witnessed what we had not heard one of the Castro brothers say in almost 54 years: Come 2018, neither one of them will be in power. Raúl Castro announced to the Cuban National Assembly …

 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 …

 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 …

 Above: Antigua (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s real GDP grew by 1.6 percent in 2012, buoyed by a recovery in tourism and construction, and the country’s recovery will continue in 2013, according to the International …

 Above: San Juan (CJ Photo) By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla is looking at reforming the country’s energy policy and harnessing the potential of tourism as part of his economic push. Puerto Rico recently passed …

 By Dennis ChungCJ Contributor AT THE END of December 2012, when it became clear no International Monetary Fund (IMF) deal was coming, I wrote an article titled “Jamaica without the IMF,” as I felt that it was important to think …

 Above: Guyana’s Kaietur Falls By the Caribbean Journal staff Guyana will receive a $5 million grant from the Inter-American Development Bank to support the country’s low-carbon development path. The programme will help create incentives for investment in Guyana’s low-carbon sectors. …

 By David RoweOp-Ed Contributor LAST WEEK, for the first time in its history, Haiti hosted the CARICOM Heads of Government Summit in Port-au-Prince. Michael Martelly the President of Haiti, with a great deal of pomp and circumstance, opened the conference, …