Search Result for: extended fund facility

31 results found.

IMF Announces Extension of Haiti’s Extended Credit Facility

Above: the IMF’s headquarters By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved the extension of its agreement with Haiti under an Extended Credit Facility. The agreement was extended to Dec. 28, and was taken without […]

Jamaica “Confident” on Passing First International Monetary Fund Test

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is “confident” that it will pass the first quarterly test under its Extended Fund Facility Agreement with the International Monetary Fund, according to Minister Horace Dalley. The country’s first quarterly […]

Op-Ed: What’s Wrong With Jamaica’s International Monetary Fund Deal

By Kent Gammon Op-Ed Contributor JAMAICA JOINED the International Monetary Fund (IMF) in 1963. At that time, Jamaica had positive international net reserves of US$115.8 million falling by 1976 to negative net international reserves of $435.5 million. In 1976, Jamaica […]

Haiti to Receive $7.4M Disbursement from International Monetary Fund

Above: Labadie (Photo: MT Haiti) By the Caribbean Journal staff The Executive Board of the International Monetary Fund has completed the fourth review of Haiti’s performance under its Extended Credit Facility arrangement. The decision, which was taken on a “lapse […]

Jamaica and the IMF: What’s Next?

Looking ahead for Jamaica and the IMF By Marcia Forbes, PhD CJ Contributor Jamaicans Fear IMF’s Exit Everyone in the room wanted Jamaica to remain in a strictly monitored formal IMF programme, complete with sanctions for missed targets. Some scoffed […]

Jamaica’s Growth Outlook Is Improving

Positive signs for Jamaican economy By the Caribbean Journal staff Jamaica’s economy is showing some positive signs, according to the International Monetary Fund, which recently concluded a mission to the country. “A gradual economic recovery is underway.” said IMF Mission […]

IMF Names New Jamaica Mission Chief

Above: new IMF Mission Chief in Jamaica Uma Ramakrishnan (JIS Photo) By the Caribbean Journal staff The International Monetary Fund has appointed its new mission chief for Jamaica. Dr Uma Ramakrishnan will be filling the role, succeeding Dr Jan Kees […]

IMF Mission Visiting Jamaica

Above: Kingston (CJ Photo) By the Caribbean Journal staff A team from the International Monetary Fund was set to begin a visit to Jamaica on Wednesday to conduct the fifth review of Jamaica’s performance under the Extended Fund Facility.” The […]

Jamaica Finance Minister Peter Phillips to Visit United States, Europe

Above: Jamaica Finance Minister Peter Phillips (left) and Bank of Jamaica Governor Brian Wynter (right) will both be on the trip By the Caribbean Journal staff Jamaica Finance Minister Dr Peter Phillips will be heading to Europe and the United […]

Jamaica’s Economic Outlook “Improving”

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica’s economic outlook is “improving,” according to the International Monetary Fund, which recently completed a staff mission to the Caribbean country. The visit from May 5 to May 16 by an […]

Jamaica to Receive $71.4 Million Disbursement From IMF

Above: Kingston (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its third review of Jamaica’s performance under its Extended Fund Facility-supported programme. The completion of the review enables the disbursement of around $71.4 […]

IMF: “Tentative Signs” of Gradual Economic Recovery in Jamaica

Above: Kingston (CJ Photo) By the Caribbean Journal staff Is Jamaica on the road to recovery? Not quite, but there are signs of life, according to the International Monetary Fund completed its second review of the country’s economic performance under […]

IMF Approves Disbursement of $30.6 Million to Jamaica

Above: Kingston (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $30.6 million disbursement to Jamaica. The move follows the completion of its first review of the country’s performance under an economic programme […]

IMF Approves $932 Million Jamaica Deal

Above: Kingston (CJ Photo) By Alexander Britell The International Monetary Fund’s Executive Board has approved a $932.3 million Extended Fund Facility arrangement for Jamaica, it announced Wednesday. The four-year EFF represents the equivalent of 225 percent of Jamaica’s quota in […]

Jamaica’s IMF Loan Rises to $958 Million; Board to Decide This Month

Above: Kingston (CJ Photo) By the Caribbean Journal staff A proposed 48-month funding arrangement under the Extended Fund Facility for Jamaica would total $958 million, according to the International Monetary Fund. That number is significantly higher than the $750 million […]

Jamaica Begins Session of Parliament

Above: Jamaica’s Parliament (FP) By the Caribbean Journal staff Jamaica officially began the 2013/2014 session of Parliament on Thursday with a ceremony at Gordon House. The session officially began with the Throne Speech delivered by Governor General Sir Patrick Allen. […]

Fitch Raises Jamaica’s Sovereign Rating, Citing Debt Exchange

Above: Kingston (CJ Photo) By the Caribbean Journal staff Fitch has raised Jamaica’s local and foreign currency default ratings to “CCC” from “RD,” the New York-based firm announced Friday. The “CCC” rating implies that default is a “real possibility,” however. […]

Jamaica, IMF Reach $750 Million Staff-Level Agreement

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica has reached its long-awaited agreement with the International Monetary Fund, the organization announced in a statement Friday. The staff-level agreement is on the key elements of an economic programme that […]

Op-Ed: The IMF and Jamaica

By David P Rowe Op-Ed Contributor It is obvious that the IMF and the JLP government were either in continuous disagreement or that they were unable to enter a mediated agreement over the last year. According to the IMF’s website, […]

Grenada: IMF Approves $2.9 Million Disbursement Following Review

Above: Grenada (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has completed its first review of Grenada’s performance under a three-year programme supported by an Extended Credit Facility. The review’s completion means Grenada will now […]

IMF: Haiti on Track For 3 to 4 Percent GDP Growth in 2014

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Preliminary data suggests that economic activity in Haiti has advanced in line with projections, the International Monetary Fund said this week following its staff visit to the country. Data from the […]

Grenada, IMF Reach $21.9M Agreement

Above: Grenada By the Caribbean Journal staff The government of Grenada and the International Monetary Fund have reached a staff-level agreement, the IMF announced. The economic programme will be supported by a three-year, $21.9 million extended credit facility, according to […]

IMF: Haiti GDP Grew By 4 Percent in 2013

Above: Port-au-Prince By the Caribbean Journal staff Haiti’s gross domestic product grew by around 4 percent in the 2013 fiscal year, according to preliminary data from the International Monetary Fund. That number was better than had recently been projected. In […]

Haiti: IMF Approves $2.5M Disbursement

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $2.5 million disbursement to Haiti. The move comes after the board completed its sixth review of Haiti’s performance under its IMF programme […]

IMF Lowers Haiti Growth Forecast, Citing Weak Agricultural Recovery

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The IMF has lowered its growth forecast for Haiti to 3.4 percent from 6.5 percent, the Fund announced following the visit of a mission to Haiti. Despite what it called a […]

IMF: Haiti’s Business Environment “Needs to Be Strengthened”

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Haiti has a business environment “needs to be strengthened,” the International Monetary Fund said following approval this week of a $7.4 million disbursement by its Executive Board. The move comes after […]

Jamaica “Finalizing” IMF Agreement, Plans Debt Exchange Offer

Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica is now “finalizing” a new agreement with the International Monetary Fund, along with a debt exchange offer to be made Tuesday, Prime Minister Portia Simpson Miller said in a national […]

Haiti’s Economy “Continues to Grow,” But Must Accelerate Reconstruction: IMF

Above: Jacmel during Carnival By the Caribbean Journal staff Haiti’s economy is moving in a positive direction, though at a level below that projected by the International Monetary Fund’s Extended Credit Facility arrangement, the IMF said following the conclusion of […]

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