Caribbean economic growth
Two landmark events fell within our June coverage period: the UK voted Leave on 23 June, sending shockwaves through Caribbean British Overseas Territories and sterling-funded buyer markets; and ExxonMobil announced the Liza Phase 1 Final Investment Decision on 29 June, a transformative moment for Guyana and the broader Caribbean investment landscape.
The UK votes on Brexit on 23 June — an event that has not yet happened as this edition goes to press, but whose implications for Caribbean British Overseas Territories and investor flows are already being weighed. The Caribbean tourism summer season opens, and Guyana’s Liza Phase 1 FID draws closer.
One month into the Panama Papers scandal, the fallout for Caribbean offshore financial centres — particularly the BVI and Cayman Islands — is intensifying. Regulators and governments are under pressure to deliver beneficial ownership transparency, with direct implications for Caribbean property holding structures and citizenship by investment programmes.
Andrew Holness and the JLP won Jamaica’s 3 March election by a razor-thin margin. As this April edition goes to press, the Panama Papers — a massive global leak of offshore financial records — are breaking today, with profound implications for the Caribbean’s BVI, Cayman Islands, and offshore property structures.
Trinidad Carnival 2016 delivered a spectacular economic boost in February. Today, 3 March 2016, Jamaica goes to the polls in a tightly contested general election — the outcome unknown as this edition goes to press. Caribbean property investment continues despite oil headwinds.
WTI crude touches $26 per barrel as the oil price crash accelerates, plunging Trinidad & Tobago deeper into fiscal crisis. Caribbean mortgage markets digest the Fed rate hike, while the region looks forward to Trinidad Carnival 2016 on 8–9 February.
Our year-end edition surveys the Caribbean property and investment landscape as 2015 closes: the Paris Agreement sets new climate benchmarks, oil prices collapse toward historic lows, Trinidad & Tobago faces fiscal headwinds, and Caribbean tourism closes out a record year. What does 2016 hold?
Trinidad Carnival 2015 electrifies regional confidence while falling oil prices test the T&T economy. Caribbean spring tourism gathers pace and property investors eye opportunity across the archipelago.
Oil prices collapse toward $55 per barrel following OPEC’s decision to maintain production, confirming a structural price shift that places Trinidad & Tobago in severe fiscal crisis. The Caribbean holiday season brings welcome tourism revenue across most markets. Jamaica’s IMF reform programme approaches its second anniversary with solid progress.
Caribbean summer 2014 investment activity is strong as the hurricane season opens quietly. Guyana’s Stabroek Block oil exploration continues to attract attention. Short-term rental platforms are beginning to reshape Caribbean hospitality economics, and hotel development pipelines remain active across the region.
Spring 2014 brings a Caribbean investment boom: CBI programmes in St Kitts, Grenada, Antigua and Dominica flourish; Jamaica marks one year under IMF reform; the Dominican Republic construction surge continues; and Trinidad & Tobago’s energy revenues remain robust with oil near $100 per barrel.
Caribbean summer 2012 in review: tourism rebounds across the region, Dominican Republic luxury development accelerates, Trinidad & Tobago energy revenues drive construction, and Jamaica navigates its ongoing fiscal reform challenge.
Caribbean peak summer 2012 is underway as President Medina settles into office in Santo Domingo, T&T’s energy economy remains a regional pillar, and the Atlantic hurricane season reaches its climatological peak. Edition 168.
Caribbean peak summer 2012 is underway as President Medina settles into office in Santo Domingo, T&T’s energy economy remains a regional pillar, and the Atlantic hurricane season reaches its climatological peak. Edition 168.
Caribbean summer 2012 gets underway as President Medina establishes his new DR government and Eurozone fears continue to cast a shadow over European visitor sentiment. Jamaica presses ahead with its IMF framework. Edition 169.