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Outlook for Haitian Economy Remains Uncertain

PORT AU PRINCE, Haiti – The Bank of the Republic of Haiti (BRH) says economic activity in the French-speaking Caribbean Community (CARICOM) country has been marked by the deterioration of the business climate due to the deterioration of security conditions and prolonged periods of scarcity of fuel.

The central bank said that the outlook for the Haitian economy in 2022 remains mixed. (ANNE MYRIAM BOLIVAR, GPJ HAITI)

Antigua's Economy Rebounds With 5.3 Percent Growth in 2021

ST. JOHN’S, Antigua – Reporting that the country has bounced back after being battered by the COVID-19 pandemic, Prime Minister Gaston Browne on Thursday reported that the economy recorded 5.3 percent growth last year despite the difficult economic circumstances and the reduction in revenues throughout 2020 and 2021.

Prime Minister Gaston Browne delivering the 2022 Budget in Parliament on Thursday.

Antigua Looking to Purchase Bankrupt Hotel

ST. JOHN’S, Antigua – The Antigua and Barbuda government says it is seeking to raise US$200 million on the European Stock Market in a bid to acquire the Jolly Beach Hotel, which closed its doors nearly two years ago owing both government and workers millions of dollars in outstanding taxes and severance.

Jolly Beach Hotel (File Photo)

Caribbean Intra-Regional Travel Down By More Than US$1 Billion

MIAMI, Florida – Noting the loss of over US$1 billion in 2021 because of a stagnation in travel between the region’s destinations, the Caribbean Hotel and Tourism Association (CHTA) recommends a concerted effort by Caribbean government and private sector leaders to boost intra-regional travel, while fostering greater parity, clarity and consistency for travel.

Trinidad Announces Restructuring of Atlantic LNG

PORT OF SPAIN, Trinidad – Energy and Energy Industries Minister Stuart Young Tuesday announced the execution of a heads of agreement for the restructuring of Atlantic LNG, one of the world’s largest producers of Liquefied Natural Gas.

Atlantic LNG in Point Fortin, Trinidad and Tobago. (photo via Atlantic LNG)
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