imf

Dennis Chung: Jamaica Without the IMF

 By Dennis ChungCJ Contributor   AS I READ the Dec. 29, 2012 statement, issued by Jamaica’s Finance Minister concerning the status of the International Monetary Fund negotiations, I thought to myself that it is not clear when Jamaica is to …

Jamaica’s Phillips: Negotiations With IMF Technical Staff “Virtually At An End”

 The following is a statement from Jamaica Finance Minister Dr Peter Phillips concerning the country’s negotiations with the International Monetary Fund: On assuming office, one of the most urgent priorities of this administration was to reopen the line of communication …

Op-Ed: Kent Gammon on Reversing Jamaica’s Economic Decline

 By Kent GammonOp-Ed Contributor   THE JAMAICAN ECONOMY continues to lag behind the rest of the world with a dismal 1.3 percent growth forecast for 2013. The Jamaican dollar is being sold officially for 92 dollars to one US dollar …

LATEST NEWS

 Above: Kingston (CJ Photo) By the Caribbean Journal staff Any agreement Jamaica signs with the International Monetary Fund will not impact the country’s plan to develop a major logistics hub, Industry Minister Anthony Hylton said this week. “Not one foreign …

 Above: Nevis (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis has made “significant progress” on restructuring the country’s public debt, according to the International Monetary Fund, which recently completed its fourth review of the country’s economic performance …

 Above: Jamaica Finance Minister Dr Peter Phillips (left) (FP) By the Caribbean Journal staff Jamaica’s government expects to conclude a letter of intent with the International Monetary Fund by the end of December, with negotiations expected to be finalized this …

 Above: Belize (Photo: Belize Tourism) By the Caribbean Journal staff Belize is experiencing an output rebound, despite a decline in oil production, according to the International Monetary Fund, which just concluded its yearly review of the country’s economy. According to …

 Above: Roseau (CJ Photo) By the Caribbean Journal staff Dominica’s economic recovery is continues, but it is losing momentum, according to the International Monetary Fund, which last week concluded its 2012 Article IV Consultation with the country. “Over the past …

 Above: Bequia (Photo: Discover St Vincent) By the Caribbean Journal staff Economic indicators suggest that a “slow recovery may be underway” in St Vincent and the Grenadines, according to the International Monetary Fund, which recently concluded a visit to the …

 Above: downtown St John’s (CJ Photo) By the Caribbean Journal staff Antigua and Barbuda’s economy is expected to recover “gradually” this year, according to the International Monetary Fund, which recently completed its seventh review of the country’s economic performance under …

 Above: Jamaica PM Portia Simpson Miller By the Caribbean Journal staff Jamaica Prime Minister Portia Simpson Miller and the country’s cabinet concluded a retreat held this weekend at Jamaica House, the Prime Minister announced in a statement Sunday night. The …

 Above: Prime Minister Dr Denzil Douglas (UN Photo/Evan Schneider) By the Caribbean Journal staff St Kitts and Nevis Prime Minister Dr Denzil Douglas is in Tokyo this week to attend meetings of the Commonwealth Ministers of Finance and the International …

 Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff The International Monetary Fund has downgraded its growth outlook for St Kitts and Nevis for 2012 from 0 to -0.7 percent, it said following the conclusion of a mission …

 By the Caribbean Journal staff The Dominican Republic’s economy has slowed down this year, according to the International Monetary Fund, which recently concluded a staff visit to the country. The meeting, which took place from Sept. 10 to Sept. 18, …

 Above: Dominica By the Caribbean Journal staff While Dominica’s authorities’ public investment has helped the country withstand a challenging economic environment, weak demand and the outbreak of the Black Sigatoka banana disease will “continue to hold back” a recovery, according …

 Above: Antigua (Photo: AT) By the Caribbean Journal staff The International Monetary Fund recently concluded its seventh stand-by arrangement review mission to Antigua and Barbuda. The mission, which was led by Geoffrey Bannister, took place from Aug. 14 to Aug. …

 Above: Basseterre, St Kitts (CJ Photo) By the Caribbean Journal staff St Kitts and Nevis will be receiving a $4.76 million disbursement from the International Monetary Fund following approval by the fund’s Executive Board. The Stand-by arrangement was originally approved …

 Above: Amaila Falls By the Caribbean Journal staff Despite a worsening international economic climate, Guyana’s economy remains resilient, according to the International Monetary Fund. Last year, Guyana’s economy recorded a 5 percent increase in GDP, what the IMF called “impressive …