caribdevtrendsplus » Petrocaribe : A Jamaica Gleaner Blog

Jamaica Issues US$2 billion in Global Bonds

July 31st, 2015

by Juan Pedro Schmid Photo courtesy of the IDB It was a long time in the making (and keeping the rumor mills spinning) but today Jamaica finally issued the long awaited bond to finance a Petrocaribe buyback. They issued two bonds, US$1.35 with a rate of 6.75% maturing in 2028 and US$650 million at 7.875% maturing […]

Caribbean Economic Outlook 2015: Seeing Stars

May 15th, 2015

By Juan Pedro Schmid Photo courtesy of Wikimedia Commons, Egres73 What will 2015 bring to the Caribbean? A famous economist once said that ‘the only function of economic forecasting is to make astrology look respectable’. While I tend to agree that my discipline does not have too much luck lately with forecasting (the recent world […]