international monetary fund

The State of Aruba’s Economy

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 …

St Vincent and the Grenadines to Receive $6.4M IMF Disbursement

Above: St Vincent (CJ Photo) By the Caribbean Journal staff The International Monetary Fund’s Executive Board has approved a $6.4 million disbursement to St Vincent and the Grenadines, the organization announced Friday. The funding will be drawn from a Rapid …

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 …

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 …

Antigua: No Intention to Reengage With International Monetary Fund

Above: Antigua (CJ Photo) By the Caribbean Journal staff Following the successful completion of its Stand-By Arrangement with the International Monetary Fund, Antigua has no plans to reengage with the IMF, according to Finance Minister Harold Lovell. Antigua will maintain …

First IMF Funds on Way to Jamaica

Above: Kingston (CJ Photo) By the Caribbean Journal staff The first tranche of $207 million under Jamaica’s agreement with the International Monetary Fund was slated to be deposited into Jamaica’s account on Friday. Confirmation of the funding was revealed by …

Trinidad Energy Ministry, International Monetary Fund Hold Talks

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 …

Dennis Chung: Jamaica’s Survival Under the International Monetary Fund

By Dennis Chung CJ 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 …

IMF: Tourism, Construction to Drive Stronger Growth in Bahamas

Above: construction at the Baha Mar project (CJ Photo) By the Caribbean Journal staff The Bahamas’ economy grew by 2.5 percent in 2012, with stronger growth ahead, according to the International Monetary Fund. The fund, which recently concluded its Article …

Dennis Chung: Jamaica Without the IMF

By Dennis Chung CJ 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 …

IMF: Haiti, Suriname, Dominican Republic Boast Top Regional Growth

By the Caribbean Journal staff Haiti, Suriname and the Dominican Republic will post the Caribbean’s highest GDP growth rates i 2012, according to quarterly projections released Monday in the International Monetary Fund’s World Economic Outlook. Haiti is projected to grow …

Phillips: Jamaica and IMF Making Progress on Agreement

Above: Jamaica Finance Minister Dr Peter Phillips (FP) By the Caribbean Journal staff Jamaica and the International Monetary Fund are making progress on a long-awaited agreement between the two sides, according to Finance Minister Dr Peter Phillips. “We are at …

Belize PM Heads to Washington

Above: Belize Prime Minister Dean Barrow By the Caribbean Journal staff Belize Prime Minister Dean Barrow has left for Washington, DC for a series of high-level talks with multilateral institutions, his office said in a statement. Barrow, who departed Thursday, …

Jamaica to Host New Round of IMF Talks

Above: Jamaica Finance Minister Dr Peter Phillips By the Caribbean Journal staff Jamaica will soon host a group of officials from the International Monetary Fund for what could be the “concluding round” of talks between the two sides. The talks …

IMF: Caribbean Needs “Decisive” Reforms for Growth to Return

Above: Bridgetown, Barbados (CJ Photo) By the Caribbean Journal staff The Caribbean needs “decisive reforms” to boost competitiveness and private sector investment in order to overcome low potential growth in the region. That was among the findings of a two-day …

Op-Ed: Jamaica and the IMF

By David Rowe Op-Ed Contributor Shortly after the election of the People’s National Party Government in Jamaica, I reminded in this Journal that Jamaica needed to drastically improve its murder rate and corruption index; without doing so, it was unlikely …

S&P: Lack of IMF Agreement “Detracting” from Jamaica’s Creditworthiness

Above: Kingston By the Caribbean Journal staff Standard & Poor’s this week raised the short-term sovereign credit rating on Jamaica to “B” from “C.” The ratings firm also affirmed its “B-” long-term foreign and local currency ratings, along with holding …

Christine Lagarde: Global Economic Crisis “Does Not Recognize Borders”

Above: IMF Managing Director Christine Lagarde By the Caribbean Journal staff The international community needs a cooperative policy response to economic challenges more than ever before, according to International Monetary Fund Managing Director Christine Lagarde. The IMF chief, who was …