financing

Ashford Prime Completes $64 Million Purchase of Ritz-Carlton St Thomas

 Ashford Hospitality Prime has completed its purchase of the Ritz-Carlton St Thomas for $64 million, the company announced. Concurrent with the completion of the deal, Ashford has financed the hotel with a $42 million non-recourse mortgage loan. The property will …

Addis Ababa and the Caribbean

 Global financing and the Caribbean By George Nicholson and Rachael RobinsonOp-Ed Contributors The issue of global financing for development is a critical theme in the international development agenda with the most recent United Nations (UN) meeting being the Third International …

Jamaica Getting $130 Million Loan to Help Stimulate Economic Growth

 A major financing program By the Caribbean Journal staff Jamaica is getting a $130 million loan from the Inter-American Development Bank, the organization announced. The loan aims to strengthen Jamaica’s structural program for economic growth. “The Jamaican government has been …

LATEST NEWS

 Above: Jamaica (CJ Photo) By the Caribbean Journal staff Jamaica is receiving new funding from the Inter-American Development Bank to improve the country’s resilience to climate change. The funding includes a $10 million “highly” concessionary loan and a $7,895,000 grant …

 By Irene AriasOp-Ed Contributor Small and medium sized companies are the backbone of Latin America’s economy. They represent more than 90 percent of all enterprises in the region, generating over half of all jobs and a quarter of the region’s …

 Above: a rendering of the hotel By the Caribbean Journal staff The Marriott hotel project in Haiti’s Port-au-Prince is receiving $26.5 million in financing from the IFC. Turgeau Developments SA, which is sponsored by Digicel, will be receiving the funding …

 Above: Dominica (CJ Photo) By the Caribbean Journal staff Dominica will be hosting a donor conference in September aimed at boosting support for its geothermal energy project. More than $30 million has been spent on the project in the country’s …

 By the Caribbean Journal staff In something of a first for the Caribbean, Turks and Caicos Governor Ric Todd has signed into law a Political Activities Ordinance in the territory. The ordinance will come into effect Aug. 28, ahead of …