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Financial Crisis/ Recession
Jamaica: New Taxes Coming...Once IMF Agreement Signed...Says PM
- By S Coward
- Published 16-Dec-09
- International Monetary Fund , Financial Crisis/ Recession
- Unrated
Kingston -- Dec. 16, 2009 -- Government will have to impose new taxes upon signing of the IMF
agreement as a part of the measures to contain expenditure and increase
revenue.
British Virgin Islands Sees Decline in Tourism Arrivals
- By S Coward
- Published 15-Dec-09
- Travel/Tourism , Financial Crisis/ Recession
- Unrated
Road Town, Tortola, Dec. 15, 2009 – The British Virgin Islands
Tourist Board (BVITB) recently received tourist arrival statistics from
Government’s Development Planning Unit (DPU) showing a 12.8% decline in
tourist arrivals.
Governor Expresses Confidence In Long-Term Future Of Tourism In Anguilla
- By S Coward
- Published 05-Dec-09
- Financial Crisis/ Recession
- Unrated
Dec. 5, 2009 -- “Anguilla had a difficult season last year, and there may well be more
challenges to come this season as the recovery in the world economy
takes time to work through. But I am absolutely confident of two things...
Bermuda: Government finances hit by a $100m shortfall
- By S Coward
- Published 02-Dec-09
- Financial Crisis/ Recession
- Unrated
Dec. 2, 2009 -- Government suffered a
$100 million shortfall in its finances in the last fiscal year after
underestimating how much it would spend and overestimating how much it
would raise.
Turks & Caicos: Fall in Annual Revenue by $87m
- By S Coward
- Published 29-Nov-09
- Financial Crisis/ Recession
- Unrated
Providenciales -- Nov. 29, 2009 -- The slowdown in the construction and real estate industries has seen the country’s annual revenue plummet by an immense $87m.
Bahamas: $14M for government jobs program
- By S Coward
- Published 17-Nov-09
- Financial Crisis/ Recession
- Unrated
Nassau -- Nov. 17, 2009 -- The government has budgeted more than $14 million
for its temporary jobs program, according to a document Prime Minister
Hubert Ingraham tabled in the House of Assembly yesterday morning.
UNWTO: Confidence in Tourism Sector Gradually picking Up
- By S Coward
- Published 09-Nov-09
- Financial Crisis/ Recession , Travel/Tourism
- Unrated
Nov. 9, 2009 -- The decline in international tourism may have started to bottom out, according to the latest edition of the UNWTO World Tourism Barometer.
Belize: Prime Minister Says Country in Recession
- By S Coward
- Published 30-Oct-09
- Financial Crisis/ Recession
- Unrated
Oct. 30, 2009 -- (www.channel5belize.com): “To be blunt the news is not good. I think that we all in this
country, including the experts, underestimated the effects of the
global economic crisis on Belize.
Barbados Central Bank: Review of the Economy for the First Nine Months of 2009
- By S Coward
- Published 29-Oct-09
- Financial Crisis/ Recession
- Unrated
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Bridgetown -- Oct. 29, 2009 -- The global recession continued to restrict growth in Barbados, as evidenced by a reduction in economic output over the January to September period of 2009.
Anguilla: Government Tackles Unemployment
- By S Coward
- Published 28-Oct-09
- Financial Crisis/ Recession
- Unrated
The Valley -- Oct. 28, 2009 -- The government of Anguilla is taking steps to improve the unemployment
situation on the island following a long period of inactivity in the
labor market.
Antigua and Barbuda to Seek IMF Stand-By Arrangement
- By S Coward
- Published 20-Oct-09
- International Monetary Fund , Financial Crisis/ Recession
- Unrated
St. John's -- Oct. 20, 2009 -- Based on discussions held over the past week with representatives of the International Monetary Fund, Antigua and Barbuda is to seek support from the IMF through its Stand-by Arrangement.
Bahamas: Moody's Eliminates The Bahamas' Bond Ratings Gap
- By S Coward
- Published 20-Oct-09
- Financial Crisis/ Recession
- Unrated
Nassau -- Oct. 20, 2009 -- Moody's Investors Service has affirmed The Bahamas'
A3 foreign currency government bond rating and downgraded the local
currency government bond rating to A3 from A1 — something a local
analyst calls potential trouble for The Bahamas.
Antigua & Barbuda: Layoffs A Last Resort Finance Minister Says
- By S Coward
- Published 19-Oct-09
- International Monetary Fund , Financial Crisis/ Recession
- Unrated
St. John's -- Oct. 19, 2009 -- As fears mount that a deal with the International Monetary Fund (IMF)
would mean layoffs in the public sector, Minister of Finance and the
Economy Harold Lovell has assured that the government would try its
utmost to avoid cutting jobs.
UN World Tourism Organization: Increasing Confidence in 2010 Recovery for the Tourism Sector
- By S Coward
- Published 07-Oct-09
- Financial Crisis/ Recession , Travel/Tourism
- Unrated
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Oct. 7, 2009 -- The conditions of the tourism market are starting to indicate stronger prospects for a recovery in 2010.
Barbados: Government Outlines Measures to Deal With Recession
- By S Coward
- Published 06-Oct-09
- Financial Crisis/ Recession
- Unrated
Bridgetown -- Oct. 6, 2009 -- Dr. Estwick also stated that government had negotiated a
number of loans, including a $300 million advance from Trinidad and
Tobago, in the event of a deeper economic crisis.