American Airlines has officially launched new nonstop service between Miami and Bimini, adding a new airlift option to one of the closest Caribbean destinations to the United States. The first Miami-Bimini flight touched down in South Bimini Airport on Saturday, and is operating three times per week, with flights on Mondays, Wednesdays and Saturdays. Even […]
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 […]
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 […]
Above: Parliament in Antigua By the Caribbean Journal staff Antigua and Barbuda will receive a $20.3 million disbursement from the International Monetary Fund, following the fund’s completion of the fourth, fifth and sixth revues of the country’s economic performance under a 36-month Stand-by Arrangement. The funds bring disbursements under the arrangement to a total of […]
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, […]
By the Caribbean Journal staff Trinidad and Tobago’s economy is turning the corner, with growth expected to resume in 2012, according to the International Monetary Fund. The fund recently concluded its Article IV Consultation discussions with Trinidad. After contraction of Real GDP in 2011 by an estimated 1.3 percent in 2011, mainly due to disruptions […]
By Jake Johnston Op-Ed Contributor Jamaica is barely emerging from its worst economic downturn in the last 30 years. Even after positive growth returned in 2011, the economy remains 3 percent below its 2007 level, and with anaemic growth projected for the foreseeable future, the economy won’t reach its pre-recession level until sometime in 2015. […]
Above: Prime Minister Freundel Stuart (right) with the World Bank’s Kelvin Dalrymple and Rev. Dr Kortright Davis (Photo: BGIS) By the Caribbean Journal staff Barbados is holding its own and intends to successfully weather the global downturn, Prime Minister Freundel Stuart told members of the Bajan diaspora in Washington, DC at a town hall meeting […]
Above: IMF Mission Chief for Jamaica Luis Breuer and Jamaican Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff While Jamaica saw positive GDP growth in 2011, following three consecutive years of decline, its recovery remains “fragile,” according to the International Monetary Fund. An IMF mission visited Jamaica from March 8 to March […]
Above: IMF Managing Director Christine Lagarde (IMF Photo/Dirk Enters) By the Caribbean Journal staff The world economy is “still not out of the danger zone,” International Monetary Fund Managing Director Christine Lagarde said following the conclusion of the G20 Finance Ministers and Central Bank Governors meeting in Mexico City Sunday. “The G20 countries must now […]
Above: Jamaica’s Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff Jamaica has to do much to restore its credibility with multilateral organizations like the IMF and World Bank and in the marketplace, according to Jamaican Finance Minister Dr Peter Phillips. The Minister was speaking ahead of next week’s talks with the IMF, […]
Above, from left: IMF Caribbean Regional Director, Luis Breuer; IMF Resident Representative, Dr Gene Leon, Financial Secretary Dr Wesley Hughes and Finance Minister Dr Peter Phillips (JIS Photo) By the Caribbean Journal staff Following the International Monetary Fund’s visit to Jamaica this week, the government said it was considering all options in its upcoming negotiations […]
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