economy

Bahamas' Economy "Poised" for Rebound
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

St Lucia, Brazil Strengthening Ties

By the Caribbean Journal staff Brazil is stepping up its cooperation with the government of St Lucia, buoyed by a trade volume of around $3 billion per year between the two countries. The two countries have negotiated for the deployment of technical teams from Brazil to St Lucia next month, a visit which will look […]

economy

Haiti to Receive $7.4M Disbursement from International Monetary Fund

Above: Labadie (Photo: MT Haiti) By the Caribbean Journal staff The Executive Board of the International Monetary Fund has completed the fourth review of Haiti’s performance under its Extended Credit Facility arrangement. The decision, which was taken on a “lapse of time basis,” will enable the immediate disbursement of $7.4 million to Haiti. Total disbursements […]

economy

Trinidad Energy Sector Contracted in First Quarter: Central Bank Report

Above: Port of Spain By the Caribbean Journal staff Trinidad and Tobago’s energy sector contracted in the first quarter of 2012, according to a Mid-Year Financial Stability Report released by the country’s Central Bank. The report pointed to lower output from British Petroleum Trinidad and Tobago, in part due to ongoing maintenance operations. “Preliminary data […]

Haiti to Receive $7.4M Disbursement from International Monetary Fund

Above: Bahamas PM Perry Christie (BIS Photo) By the Caribbean Journal staff The Bahamian people should decide on the question of creating a national lottery, according to Prime Minister Perry Christie. “The major parties agreed that they will put it to a referendum; and that is significant because we cannot continue to institutionalize hypocrisy in […]

Jamaica "Making Every Effort" to Create More Friendly Business Environment

 Above: Information Minister Sandrea Falconer By the Caribbean Journal staff Jamaica’s 2012/2013 budget is not what the government ideally wanted to impose on Jamaicans, according to Information Minister Sandrea Falconer. The Minister said that merely imposing tax is not the solution, and there are several structural impediments facing the economy which will be tackled through […]

Governor: Turks and Caicos Has "Real Potential" for Economic Growth

 Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff The Turks and Caicos Islands has “real potential for economic growth,” according to Governor Ric Todd, who launched the territory’s new Green Paper on economic development Monday. The paper, which is intended to kick off a public consultation on the future economic […]

Haiti's Economy "Continues to Grow," But Must Accelerate Reconstruction: IMF

Above: Jacmel during Carnival By the Caribbean Journal staff Haiti’s economy is moving in a positive direction, though at a level below that projected by the International Monetary Fund’s Extended Credit Facility arrangement, the IMF said following the conclusion of its mission to Haiti. “The economy continues to grow, albeit below the levels projected in […]

IMF: Risks to Jamaica's Economic Outlook "Tilted to the Downside"

 Above: Montego Bay By the Caribbean Journal staff The outlook for Jamaica’s economy is one of low growth, along with weaker debt and fiscal positions, in the absence of strong fiscal and structural reforms, according to a report from the International Monetary Fund. The IMF’s report followed its Article IV Consultation with Jamaica, which concluded […]

Dominican Republic Economy Grew 4 Percent in First Quarter: Central Bank

 Above: Samana By the Caribbean Journal staff The Dominican Republic’s economy grew by approximately 4 percent in the first quarter of 2012, according to Central Bank Governor Hector Valdez Albizu. That number indicated that the economy was operating below its capacity, Albizu said, and has room to grow without generating price pressures. The Governor said […]

Op-Ed: Austerity and Growth in Jamaica

 By Ramesh Sujanani Op-Ed Contributor Professor Michael Witter, writing in the Jamaica Gleaner, recently outlined a conflict of interest in the management of recession by governments’ policies in the United States and Europe. It seems that there are two approaches to growth. Reducing expenditure (austerity), or investing more money into projects with a return and […]

IMF: Grenada's Economy Shows Signs of Fragile Recovery, But Risks Remain

Above: Downtown St George’s (CJ Photo) By the Caribbean Journal staff Grenada’s economy is showing signs that a “fragile recovery” may underway, although “significant” downside risks remain, according to the International Monetary Fund. An IMF mission visited Grenada form May 7 to 17 for its 2012 Article IV consultation. “Following two years of consecutive decline, […]