Friday 8 November 2013

"Whether the CSME is the right kind of economic integration at all?"

West Indian Professor of Economics and Politics, Dr Norman Girvan, questions the validity and integrity of the Caribbean integration model itself, ""Whether the CSME is the right kind of economic integration at all?" http://www.normangirvan.info/wp-content/uploads/2013/09/CAJO-ADDRESS-By-Girvan.pdf

Saturday 10 August 2013

Tuesday 2 July 2013

Jwala Rambarran: Prospects for Caribbean economies and opportunities for the financial services sector - the catalytic potential of diaspora bonds

"...the Caribbean is gradually recovering from a deep recession caused by the global economic crisis, which originated in the United States some five years ago and has since spread to the Euro zone. Given the Caribbean’s close trading and investment ties to North America and Europe, the region experienced sharp contractions in key sectors such as tourism, energy and alumina, a virtual sudden stop of foreign direct investment, and weaker flow of remittances" - Jwala Rambarran, Governor of the Central Bank of Trinidad and Tobago, at the Annual Meeting of the Caribbean Association of Banks (CAB), Montego Bay, Jamaica,
15 November 2012.  http://www.bis.org/review/r121204e.pdf

Monday 27 May 2013

Moody's Warns Of More Caribbean Debt Restructurings

Moody's - Caribbean Debt Crisis

"We see the defaults of Belize (Caa2 stable), Jamaica (Caa3 stable), and Grenada (unrated) over the past year as being part of a broader debt crisis in the Caribbean," 

The IMF’s Caribbean Report: A Critique by Ronald Ramkissoon Ph.D. Senior Economist, Republic Bank Ltd.

The IMF’s Caribbean Report: A Critique by Ronald Ramkissoon Ph.D. Senior Economist.

"The recent International Monetary Fund (IMF) Report on the Caribbean titled 
Caribbean Small States: Challenges of High Debt and Low Growth (February 20, 2013) deserves particular attention for some of the things it says, and for some of the things it did not say. As is well known, Caribbean states, to varying degrees, are finding it extremely difficult to make ends meet and states are increasingly turning to the multilaterals, including the IMF, for help. What is the report saying about the challenges of the Caribbean and what are the recommendations? Are these recommendations adequate? Is anything missing?"

CARIBBEAN SMALL STATES: CHALLENGES OF HIGH DEBT AND LOW GROWTH

IMF Report on the State of Caribbean Economy

"This paper presents background on Caribbean small states as context for the main paper, “Macroeconomic Issues in Small States and Implications for Fund Engagement.” It draws on recent analytical work presented at a conference for policy makers in September 2012, in Trinidad and Tobago. Caribbean small states, while sharing many features of other small states (size-related macroeconomic vulnerabilities, lack of economies of scale, and capacity constraints) have specific characteristics which merit attention." (Challenges of high debt and low growth).

Sunday 18 November 2012

Address by PM Hon Kenny D. Anthony to The Barbados Chamber of Commerce and Industry on Regional Integration

"Make no mistake about it. Our region is in the throes of the greatest crisis since independence. The spectre of evolving into failed societies is no longer a subject of imagination. How our societies crawl out of this vicious vortex of persistent low growth, crippling debt, huge fiscal deficits and high unemployment is the single most important question facing us at this time. Indeed, if CARICOM wishes to be relevant to the lives of the people of the region, then that issue should dominate its deliberations at the next summit. CARICOM cannot be seen to be impotent when societies and economies are at risk, on the brink of collapse." - Dr. Kenny Anthony, Prime Minister of St Lucia, on Caribbean regional integration, November 2012.http://www.stlucia.gov.lc/resource/address-pm-hon-kenny-d-anthony-barbados-chamber-commerce-and-industry-regional-integration