Year: 2013
-
Urgent meeting to discuss new threat to banana industry
CASTRIES, St. Lucia, CMC-Agriculture Ministers from the Windward Islands will be meeting here on Thursday to prepare for another major threat to the still vital regional banana industry. The industry is grappling with the Asian banana disease, described as a new and formidable enemy, which authorities describe as being worse than Black Sigatoka. Officials say the disease is fairly new…
Read More » -
Jamaica pointed to cheap solutions to internal trade barriers
KINGSTON, Jamaica – Jamaica faces external non-tariff barriers to trade mainly from the United States, followed by Barbados and Antigua and Barbuda. But a new report also cites Jamaica for throwing up its own internal blockades to trade flows, which hamper exports. The new International Trade Centre (ITC) report on non-tariff barriers (NTMs) in the Caribbean indicates that export inspections…
Read More » -
IMF programme held up
KINGSTON, Jamaica, CMC – The Jamaica government says “contingency discussions” involving various international financial institutions have held up its programme for approval by the International Monetary Fund (IMF). Finance Minister Dr Peter Phillips told legislators that the discussions involve the IMF, the Inter-American Development Bank (IDB), and the World Bank “regarding the extent of the commitment from each institution to…
Read More » -
Cabinet retreats again!
KINGSTON, Jamaica – FOR THE fifth time since forming the Government in January 2012, the Portia Simpson Miller-chaired Cabinet is to go into retreat. Sandrea Falconer, minister with responsibility for information, said the Cabinet retreat will take place this Sunday. “Cabinet ministers will discuss the growth agenda, including job-creation strategies, human-capital development, social inclusion, improved security and safety, fiscal prudence,…
Read More » -
World Bank suspends funds to Grenada
ST. GEORGE’S, Grenada, CMC – The World Bank has suspended disbursements to Grenada after seven loan defaults in February. The Washington based financial institution said no new loans would be issued to Grenada unless the island makes good on the overdue payments amounting to US$750,000. The payments were due on February 15 February and the World Bank has written to…
Read More »