imf

IMF: Haiti GDP Projected to Grow By 6.5 Percent in 2013

 Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff Haiti’s economy is projected to grow by 6.5 percent in 2013, according to the International Monetary Fund’s latest World Economic Outlook. That number is in line with a projection made by …

Bureaucracy and Jamaican Growth

 By Dennis ChungCJ Contributor FINALLY WE CAN celebrate that we have an IMF agreement again in Jamaica. The real importance of the agreement is that it will bring with it a certain amount of confidence and multilateral support for the …

IMF Approves $10.16 Million Disbursement for Antigua and Barbuda

 Above: St John’s (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $10.162 million disbursement to Antigua and Barbuda, following the completion of its eight and ninth reviews of the country’s economic performance …

LATEST NEWS

 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 …

 Above: Port of Spain By the Caribbean Journal staff Trinidad and Tobago’s economy is projected to grow by around 1.5 percent in 2013, according to the International Monetary Fund, which concluded an Article IV mission to the country this week. …

 Above: the World Bank’s headquarters in Washington By the Caribbean Journal staff The World Bank, the International Monetary Fund and the Inter-American Development Bank have begun talks on their potential commitments for Jamaica’s IMF programme, Finance Minister Dr Peter Phillips …

 Above: the meeting in Port of Spain By the Caribbean Journal staff Trinidad and Tobago Energy Minister Sen. Kevin Ramnarine held discussions Monday with officials from the International Monetary Fund as part of the organization’s Article IV Consultation. The aim …

 Above: St Lucia By the Caribbean Journal staff Following a period of “anemic” activity since the beginning of the downturn, economic activity in St Lucia is poised to “regain some momentum in 2013,” according to the International Monetary Fund, which …

 By Dennis ChungCJ Contributor AT THE END of December 2012, when it became clear no International Monetary Fund (IMF) deal was coming, I wrote an article titled “Jamaica without the IMF,” as I felt that it was important to think …

 By Kent GammonOp-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 sought …

 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 …

 Above: Kingston (CJ Photo) By the Caribbean Journal staff Jamaica must address “with urgency” the structural impediments to the country’s growth, including its excessive debt burden, the International Monetary Fund said following its visit to the country. The statement by …

 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 …

 By Dennis ChungCJ Contributor THERE were two occurrences within the past week that reminded me that Jamaica still has a lot to do in order to see long-term sustainable development. There was an announcement that an International Monetary Fund (IMF) …

 Above: Jamaica Finance Minister Dr Peter Phillips By the Caribbean Journal staff An International Monetary Fund team will visit Jamaica “within three weeks,” according to Finance Minister Dr Peter Phillips. If those talks go well, a deal with the fund …

 Above: St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund lowered its growth estimate for St Kitts and Nevis in 2012 from -0.7 percent to -0.9 percent, but an economic recovery is reportedly on the way …

   By Marcia Forbes, PhDCJ Contributor A Solid WROC With the talk at every level of Jamaican society being about the IMF and the critical role the coming relationship with this institution will play in the country’s future, it makes …

 Above: Kingston (CJ Photo) By the Caribbean Journal staff Fitch has lowered Jamaica’s outlook to negative, although the firm affirmed its B- credit rating on the country, it announced Friday. The revision to negative reflects “Jamaica’s rising financing constraints in …