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Jamaica to benefit from Canadian investments
KINGSTON, Jamaica – JAMAICA and other Caribbean countries are to benefit from three new investments from Canada aimed at increasing private sector-led development and alleviating poverty in developing countries The announcement was made by Canada's Minister of International Cooperation Julian Fantino Tuesday during an address to the 19th annual Conférence de Montréal in Quebec. He said Canada is providing further…
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Fixed exchange rate won’t solve Ja’s problem – IMF representative
KINGSTON, Jamaica – Dr Gene Leon, the International Monetary Fund (IMF) senior resident representative to Jamaica, is arguing that discussions on whether Jamaica should go the way of a fixed exchange rate is misplaced. Leon, along with economists Dr Damieon King and Dr André Haughton, who were guests at a Gleaner Editors' Forum yesterday, said Jamaica needs to focus on…
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TRAPPED! IMF rep says without key policy changes, Jamaica will remain in economic rut
KINGSTON, Jamaica – The International Monetary Fund's (IMF) outgoing senior resident representative in Jamaica, Dr Gene Leon, has warned that whether the country can claw its way from under the mountain of debt it now faces will depend on the policies that are put in place. Leon, who was speaking at a Gleaner Editors' Forum at the newspaper's central Kingston…
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Hopes of G8 tax avoidance breakthrough fading fast as Bermuda refuses to sign up to new rules
An international deal to crack down on secretive tax havens is in jeopardy after the British Crown Territory of Bermuda refused to sign up to new transparency rules. Tax avoidance had been placed top of the agenda for the G8 summit of world leaders meeting next week in Northern Ireland, and David Cameron has called Britain’s 10 overseas territories and…
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Giving water — the gift of life in Haiti
CARREFOUR, Haiti — The water inspectors were negotiating with an irate homeowner over her illegal hookup when a neighbor signaled he wanted to talk. “I would like to know how I can get water access,” physician Cyprien Jean-Jonas said from inside his one-room clinic. Steps from Jean-Jonas’s front door was an underground well. And while many of his neighbors in…
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IMF predicts decline in economic growth for Haiti
PORT AU PRINCE, Haiti, CMC – The International Monetary Fund (IMF) says the yearly economic growth for Haiti in 2013 will be limited to 3.4 per cent and blamed a weak recovery of agricultural production for the situation. The Washington-based financial institution Wednesday said that one of its missions had ended a one week visit to Haiti to review the…
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Caribbean partners welcome ITC’s forthcoming regional value-chain development project
ITC's new programme for the Caribbean aims to facilitate the creation of regional value chains in priority sectors in order to boost the region’s competitiveness, according to ITC Director Friedrich von Kirchbach at the launch event of the Caribbean Community’s (CARICOM) Regional Aid for Trade Strategy in Port-au-Prince, Haiti. PORT-AU-PRINCE, HAITI – The International Trade Centre’s (ITC) new programme for…
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WTO HEAD CALL FOR CLOSER CARICOM INTEGRATION
(CARICOM Secretariat, Turkeyen, Greater Georgetown, Guyana) Director General of the World Trade Organisation Mr Pascal Lamy has emphasised that the Region needs closer integration. Speaking at the launch of the Caribbean Community (CARICOM) Regional Aid for Trade Strategy in Port au Prince, Haiti on Tuesday, Mr Lamy said the strategy sought to build on the promise of a Region free…
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Poor show by Ramdin
PORT OF SPAIN, Trinidad – The suspension and fine of West Indies wicketkeeper Denesh Ramdin sent a firm, tough reminder that the International Cricket Council still values fair play and honesty in the gentlemen’s game, despite the ugly incidents of spotfixing and matchfixing in recent years. On Friday, Mr Ramdin claimed a low catch off Pakistan captain Misbah-ul-Haq before he…
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Minister quits amid allegations she is an American citizen
PORT AU PRINCE, Haiti, CMC – Minister of Haitian Living Overseas, Bernice Fidelia, has quit the Cabinet of Prime Minister Laurent Lamothe amid allegations that she holds United States citizenship. A statement from the Office of the Prime Minister confirmed the resignation of the 51-year-old minister in the wake of allegations by several Haitian lawmakers that she is an American…
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