economy

Guyana Receives $5 Million IDB Grant for Low-Carbon Economy
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The Caribbean Island of Grenada Has Spectacular Beaches, Hidden Coves, and Postcard-Worthy Sandbars

 caribbean beach capital

Maybe you know the waterfalls. Or the crater lake. Or the cacao farms. But if you don’t know the story of Grenada’s beaches, it’s time to come back and get a sandy education. Simply put, the island of Grenada has one of the best collection of beaches in the Caribbean, most of which are stunningly […]

economy

IMF: Tourism, Construction to Drive Stronger Growth in Bahamas

Above: construction at the Baha Mar project (CJ Photo) By the Caribbean Journal staff The Bahamas’ economy grew by 2.5 percent in 2012, with stronger growth ahead, according to the International Monetary Fund. The fund, which recently concluded its Article IV consultation with the country, said its outlook foresees stronger growth but a weaker debt […]

economy

Eastern Caribbean Economies Contracted 0.1 Percent in 2012

Above: St Lucia By the Caribbean Journal staff Economic activity in the Eastern Caribbean Currency Union fell in 2012 for the fourth consecutive year, according to Sir K Dwight Venner, President of the Eastern Caribbean Central Bank. Real GDP in the ECCU, which comprises Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St Lucia […]

economy

New Nevis Premier Vance Amory Vows Government of "Inclusion"

Above: Premier Vance Amory (NIA Photo) By the Caribbean Journal staff New Nevis Premier Vance Amory, whose Concerned Citizens Movement ousted the ruling Nevis Reformation Party in Tuesday’s elections, vowed to form a government of “inclusion” in his first public comments since the vote. ““I think we ought to be a Party and an Administration […]

Eastern Caribbean Economies Contracted 0.1 Percent in 2012

By David Rowe Op-Ed Contributor FOR THE LAST 12 MONTHS, Jamaica has been in intermittent negotiations with the IMF. These negotiations have not yet yielded a new agreement. It is now acknowledged internationally that Jamaica is in an economic crisis. This economic crisis has occurred in large part due to excessive borrowing and the country’s […]

Trinidad and Tobago Economy Contracts 3.6 Percent: Report

 Above: Port of Spain By the Caribbean Journal staff The economy of Trinidad and Tobago contracted by 3.6 percent on a year-to-year basis to June 2012, according do the Central Bank’s Summary of Economic Indicators. Output in the country’s energy sector fell by 7.3 percent in the same period, due largely to prolonged maintenance work […]

Dennis Chung: Jamaica's Economy in 2013

 By Dennis Chung CJ Contributor ONE QUESTION I get a lot is: what is to be expected of economic performance in Jamaica in 2013? In particular, people want to know about the IMF agreement, the exchange rate, inflation, and GDP growth in particular. My response usually is: it depends on a few things. Firstly, it […]

IMF: Dominica Economic Recovery Continues, But Losing Momentum

Above: Roseau (CJ Photo) By the Caribbean Journal staff Dominica’s economic recovery is continues, but it is losing momentum, according to the International Monetary Fund, which last week concluded its 2012 Article IV Consultation with the country. “Over the past two years, Dominica’s economy grew at a tepid rate of about 1 percent, supported by […]

IMF: "Slow Recovery May Be Underway" in St Vincent and the Grenadines

 Above: Bequia (Photo: Discover St Vincent) By the Caribbean Journal staff Economic indicators suggest that a “slow recovery may be underway” in St Vincent and the Grenadines, according to the International Monetary Fund, which recently concluded a visit to the country. The IMF’s visit, which took place from Oct. 23 to Nov. 1, was for […]

Bahamas Government: Ratings Revision Unfortunate, But Not Unexpected

 Above: Nassau (CJ Photo) By the Caribbean Journal staff Standard & Poor’s decision Monday to lower its outlook on the Bahamas to negative was unfortunate, but not unexpected, according to a statement from the Bahamian government. The government said it inherited a “deteriorating fiscal situation where the deficit target was overshot by a wide margin.” […]

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 a programme supported by a 36-month Stand-By Arrangement. The completion allows the immediate disbursement of […]

IMF: Weak Demand, Banana Crop Hold Back Dominica's Economic Recovery

 Above: Dominica By the Caribbean Journal staff While Dominica’s authorities’ public investment has helped the country withstand a challenging economic environment, weak demand and the outbreak of the Black Sigatoka banana disease will “continue to hold back” a recovery, according to the International Monetary Fund. The IMF recently concluded a mission to Dominica led by […]