WASHINGTON — A four-member panel convened here Tuesday to discuss the long-term lessons of Puerto Rico’s debt crisis for other jurisdictions in financial trouble.
WASHINGTON — Ambassador John Beale of Barbados, who steps down today as his island’s top diplomat here after six and a half years in Washington, recently answered some tough questions — ranging from the long-term impact of improving U.S.-Cuba relations on regional tourism to whether Caribbean islands are doing enough to fight international tax evasion.
The United States has “moved beyond” the debate over whether it’s time to improve relations with Cuba.
WASHINGTON — Jamaican Prime Minister Andrew Holness, who took office only two months ago, visited Washington last week along with his top economic aide to pitch the Caribbean island nation as an ideal destination for U.S. investment.
Jamaica, which recently inaugurated a new prime minister, expects “substantial growth” in tourist arrivals this year.
The Dominican Republic is on track to meet or exceed President Danilo Medina’s goal of welcoming 10 million visitors annually by 2022 — solidifying its status as the undisputed leader in Caribbean mass-market tourism.
Later this year, for the first time in more than half a century, American tourists will be able to hop on a jet from any major U.S. airport and fly directly to Havana.
This November, Barbados will mark its 50th anniversary of independence. But the 166-square-mile island long known as “Little England” has more than that to celebrate.
The Bahamas is still trying to get back on its feet ever since last year’s Baha Mar scandal, in which a $3.5 billion mega-resort on Nassau’s Cable Beach largely financed by China’s Export-Import Bank shut its doors and declare bankruptcy even before opening.
The two biggest threats facing Caribbean tourism today are four-letter words: Cuba and Zika. Both unnerve officials throughout the region, for very different reasons.
WASHINGTON — From salmon farming in southern Chile to shipbuilding in landlocked Paraguay, Japanese companies are pursuing investments throughout Latin America — with an eye toward future opportunities under the Trans-Pacific Partnership.
The man who once ran Latin America’s healthiest economy has some advice for Puerto Rico: adopt a “fiscal rule” that slashes debt by setting surplus targets over the long term so the commonwealth has room to spend more during recessions.
Agustín Arellano has worked as a private pilot, air traffic controller and general director of air traffic services throughout his long career, but three years ago, the Mexican aviation pioneer took on his latest challenge: transforming Puerto Rico’s flagship airport from an obsolete relic of the 20th century into a modern world-class gateway.
Chile’s former finance minister and an ex-lieutenant governor of New York will be among five panelists appearing Wednesday in Washington, D.C., to discuss how a Fiscal Responsibility Law (FRL) might help stabilize Puerto Rico’s public finances and overhaul the island’s fiscal infrastructure.
Last year, despite sluggish economic growth in China that has made worldwide headlines, funding by CDB and the China Export-Import Bank reached a near-record $29 billion.
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