Term Slug
member

ANTIGUA-ECONOMY-IMF approves funds for Antigua and Barbuda

WASHINGTON, CMC – The International Monetary Fund (IMF) says it is making available more than US$10 million to Antigua and Barbuda after completing review of the island’s economic performance under a three-year Stand By Arrangement (SBA) indicating also that the economy is showing signs of gradual recovery after three years of being stagnant.
The IMF said it had also approved a waiver of non-observance of the continuous performance criterion on external arrears.

CARIBBEAN-TRADE-CARIFORUM countries examine EPA Standby facility

BRIDGETOWN, Barbados, Apr 12, CMC – Caribbean Forum (CARIFORUM) countries have been urged to take advantage of the standby facility for capacity building under the Economic Partnership Agreement (EPA) that was signed with the European Union in 2008.

Addressing a Caribbean Development Bank (CDB) organised Technical Briefing Meeting on the EPA Standby Facility for Capacity Building, Clairvair Squires, said the facility is intended to assist CARIFORUM states by underpinning national institutional capacities

EDITORIAL: Tensions rise on Korean Peninsula

BRIDGETOWN, Barbados, Nation News - Tensions in the Korean Peninsula must be of concern to all of us even though it is on the other side of the world. So much so that uncharacteristically China, North Korea’s only ally, was forced to speak out. China’s new President Xi Jinping, at an economic forum in Hainan Province, though not calling names, said “no one should be allowed to throw a region and even the whole world into chaos for selfish gains”.

Corbeaux deaths raise many environmental concerns

PORT OF SPAIN, Trinidad and Tobago, Guardian - The sudden death of a few fish and 150 or so corbeaux may not seem to be particularly alarming—especially the latter, as they are considered by many to have only nuisance value and are not blessed with the aesthetics of other birds. This may be one reason why the response of the authorities to date suggests they may not be treating the incidents sufficiently seriously.

Holness urges caution on pending IMF deal

KINGSTON, Jamaica, Observer - OPPOSITION Leader Andrew Holness has warned Jamaicans to be cautiously optimistic as news emerges that an agreement with the International Monetary Fund (IMF) nears. Holness said yesterday that while the IMF agreement is likely to be approved by the end of April, the sentiment in some quarters that Jamaica’s problems were solved has been misguided. "We take note that the originally planned loan sum has increased by US$200-million.

IMF good news should stabilise the dollar

KINGSTON, Jamaica, Observer - IN a press briefing yesterday, Governor Brian Wynter expanded on Bank of Jamaica (BOJ) statement released that morning on the foreign exchange market. In the BOJ's press statement, they had noted that the fall in the exchange rate "had occurred in the context of extended negotiations with the International Monetary Fund (IMF) for a new borrowing programme, and some uncertainty regarding the extent of the financial support".

EDITORIAL - Getting The Economic Ducks In A Row

KINGSTON, Jamaica, Gleaner - THE GOVERNMENT is beginning to get its critical economic pieces in their place. Last week, Finance Minister Dr Peter Phillips tabled an expenditure budget that, taking into the account the effects of inflation, projects spending at more than a fifth less than the previous fiscal year.

Tax Talks - Crucial Meeting Between Finance Ministry, Sector Interests To Discuss Removal Of Waivers

KINGSTON, Jamaica, Gleaner - The Business Processing Industry Association of Jamaica (BPIAJ) is among several interest groups scheduled to meet with tax administrators at the Ministry of Finance and Planning today to discuss the likely impact the removal of tax incentives could have on their members.

"Yes, we have been invited to a meeting in Kingston," Yoni Epstein, chairman of BPIAJ, told The Gleaner yesterday. "We are working assiduously to prepare our presentation and would prefer not to comment on the matter until we hear what they (the Ministry of Finance) have to say."

Gov’t Focuses On Renewable Energy For Smaller Hotels

KINGSTON, Jamaica, Gleaner - Some $15 million has been set aside in the 2013-14 Estimates of Expenditure, now before the House of Representatives, to improve the competitiveness of small and medium-size hotels through the use of renewable energy.

Subscribe to Member