Jamaica Expects Immediate Infusion Of US$213m From IMF

KINGSTON, Jamaica, Observer - The International Monetary Fund (IMF) will dispatch US$213 million to Jamaica immediately after its board approves the new bailout programme expected by month end, according to central bank Governor Brian Wynter. Those funds, along with future distributions, will imme...
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IMF Deal The Beginning Of A Long Haul

KINGSTON, Jamaica, Gleaner - Monday's International Monetary Fund (IMF) statement on Jamaica reads: "Fund management will submit to its Executive Board a 48-month arrangement under the Extended Fund Facility in the amount of SDR 615 million (about US$958 million, or 225 per cent of quota), with ...
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It really can’t be business as usual in Jamaica

KINGSTON, Jamaica, Observer - THE anticipated approval of the IMF deal by their executive board, announced on Monday, will give Jamaica some welcome breathing space but it is absolutely no panacea to our deep-rooted economic problems. In this context, the call of the three private sector leaders of ...
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Devaluation Provides Growth Opportunities

KINGSTON, Jamaica, Gleaner - Despite the loss in value of the Jamaican currency relative to the United States dollar, two academics and a businessman have suggested that it provides opportunities to spur economic growth. "If the Jamaican currency is becoming cheaper, then it presents a great oppor...
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Lewin hailed as cultural visionary

KINGSTON, Jamaica, Observer - JAMAICANS continued paying tribute yesterday to cultural icon Dr Olive Lewin who died in the University Hospital of the West Indies Wednesday night. Lewin, founder of the Jamaican Folk Singers, was ailing for some years. She was 85. Yesterday, Prime Minister Portia S...
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‘Son of Chávez’

GEORGETOWN, Guyana, Stabroek News - Hugo Chávez may be dead but chavismo is very much alive in the highly charged Venezuelan election campaign, due to come to a head on Sunday. As has been widely reported, the interim president and Mr Chávez’s anointed successor, Nicolás M...
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Venezuela election to test Chavez’s socialist legacy

CARACAS, (Reuters) – The late Hugo Chavez’s self-declared socialist revolution will be put to the test at a presidential election on Sunday that pits his chosen successor against a younger rival promising change in the nation he polarized. Most opinion polls give his protege, acting Pre...
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More changes in Haiti’s young, inexperienced government

(Miami Herald) - The musical chairs in Haiti's government continued Friday as the prime minister's office announced after midnight replacements for two cabinet posts left vacant by resignations within days of one another. Trade and Commerce Minister Wilson Laleau will now head the ministry ...
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Brazil’s Rousseff to make rare state visit to U.S.

SAO PAULO, (Reuters) – President Dilma Rousseff will make the first formal state visit by a Brazilian leader to the United States in nearly two decades, a diplomatic breakthrough for an emerging power that has clashed with Washington but is hungry for closer ties and recognition of its growing...
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