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S&P: Grenada Debt Restructuring Could Take “Considerable Time”

 Above: Grenada By the Caribbean Journal staff Grenada’s proposed debt restructuring could take “considerable time,” according to New York-based ratings firm Standard & Poor’s. The firm announced Friday that its “SD,” or selective default, rating on Grenada had remained unchanged. …

Changing the Attitude in Jamaica

 By Dennis ChungCJ Contributor PROBABLY THE best known sporting brand, Nike, has a very simple tagline — “Just do it.” If you think about it, the tagline simply means that the only way to get results is to act. I …

IMF: Haiti GDP Grew By 4 Percent in 2013

 Above: Port-au-Prince By the Caribbean Journal staff Haiti’s gross domestic product grew by around 4 percent in the 2013 fiscal year, according to preliminary data from the International Monetary Fund. That number was better than had recently been projected. In …

LATEST NEWS

 By Dennis ChungCJ Contributor WHILE walking, or cycling, I often see people who ask me many questions relating to the economy, finances, or issues about my second book. In the last few weeks, though, I notice that the majority of …

 Above: the Bahamas By the Caribbean Journal staff The Bahamas should see a boost in economic growth beginning in 2014, according to the International Monetary Fund. The fund said that a reduction in tourist arrivals and in the completion of …

 By Dennis ChungCJ Contributor OVER the past few weeks, I have been approached by many persons who ask the questions: What is happening to the economy? Is Jamaica headed in the right direction? Is it time for me to migrate? …

 Above: the Dominican Republic (CJ Photo) By the Caribbean Journal staff Economic growth in the Dominican Republic decelerated in early 2013, according to the International Monetary Fund, which recently concluded a post-programme monitoring discussion with the country. The deceleration came …

 Above: Kingston (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $30.6 million disbursement to Jamaica. The move follows the completion of its first review of the country’s performance under an economic programme …

 Above: Kingston By the Caribbean Journal staff Standard & Poor’s has raised its long-term foreign and local currency sovereign credit ratings on Jamaica, citing “progress in stabilizing the economy” and the country’s agreement with the International Monetary Fund. The rating, …

 Above: Grenada By the Caribbean Journal staff An International Monetary Fund mission is currently visiting Grenada. The team, which began its visit on Sept. 2, will conclude its trip on Sept. 13. It is being led by Aliona Cebotari. The …

 Above: Kingston By the Caribbean Journal staff Jamaica is off to a strong start under its new programme with the International Monetary Fund, but the country’s economy remains less than productive. The IMF concluded a staff mission to Jamaica last …

 Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $2.5 million disbursement to Haiti. The move comes after the board completed its sixth review of Haiti’s performance under its IMF programme …

 Above: St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis’ economy is showing signs of growth after four years of contraction, according to the International Monetary Fund. The IMF concluded its fifth and sixth reviews of …

 Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is “confident” that it will pass the first quarterly test under its Extended Fund Facility Agreement with the International Monetary Fund, according to Minister Horace Dalley. The country’s first quarterly …

 Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The IMF has lowered its growth forecast for Haiti to 3.4 percent from 6.5 percent, the Fund announced following the visit of a mission to Haiti. Despite what it called a …

 Above: downtown St John’s (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its 10th and final review of Antigua and Barbuda’s performance under its Stand-By Arrangement. The IMF will now disburse $25.4 million …

 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: the event in the Champ de Mars (OP Haiti) By the Caribbean Journal staff Haiti President Michel Martelly marked two years in office Tuesday with a ceremony along the Champ de Mars in downtown Port-au-Prince, a site that had …