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PPM on track to form Government
GEORGE TOWN, Cayman Islands, CMC – As the counting of ballots from Wednesday’s General Election continues, the latest results have revealed that the opposition People’s Progressive Movement (PPM) is just one seat short of a majority required for the to form a ruling government. The PPM took four out of six Legislative Assembly seats in George Town, the Cayman Islands’…
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Economists respond to Dookeran on new plan for regionalism
PORT OF SPAIN, Trinidad – Despite the economic hardships Caribbean countries face, it is important that regional countries work together to overcome the difficulties, said Dr Dillon Alleyne, economic affairs officer and deputy director, Economic Commission for Latin America and the Caribbean (Eclac). “The Caribbean economies are at a crossroad and the global system of production and distribution has changed…
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Three held in multi-million dollar cocaine bust in Caribbean Sea
MIAMI, United States (CMC) — United States federal prosecutors have indicted three foreigners in a US$27 million cocaine bust in the Caribbean Sea. They said Beat Jegge of Switzerland and Daniel Velazquez and Julio Claro Alvarez of Colombia were arrested by US Coast Guard officers after their suspicious boat was interdicted somewhere off the Panama coast. Authorities said the men…
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PM leaves for African Union summit in Ethiopia
KINGSTON, Jamaica, Gleaner- PRIME Minister Portia Simpson Miller was scheduled to leave the island yesterday for Addis-Ababa, Ethiopia, where she will attend the Special 50th Anniversary Summit commemorating the establishment of the Organisation of African Unity/African Union. Simpson Miller is accompanied by Foreign Minister A J Nicholson; Permanent Secretary in the Office of the Prime Minister Onika Miller; Jamaican High…
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Phillips, IMF defend ‘strenuous’ fiscal target for Jamaica
KINGSTON, Jamaica, Gleaner- The fiscal conditionalities of the new International Monetary Fund (IMF) agreement are strenuous, but necessary, IMF mission head Jan Kees Martijn and Finance minister Dr Peter Phillips argued Tuesday, amid scepticism that Jamaica can hold to its targets this time. The IMF team also introduced the new IMF Resident Representative for Jamaica, Bert Van Selm who will…
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IMF pleased with Jamaica’s progress
KINGSTON, Jamaica, Gleaner- SENIOR INTERNATIONAL Monetary Fund (IMF) mission representative to Jamaica, Jan Kees Martijn, yesterday said the Fund is “encouraged by the steady progress being made” by the country under the extended fund facility (EFF). “We have found a strong resolve to implement the programme and that is indeed critical because we all realise that there are serious challenges…
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Brazil offers better terms for infrastructure investors
BRASILIA, (Reuters) – Brazil is sweetening terms for major infrastructure contracts to whet investor appetite and draw private capital and expertise needed to upgrade its deficient roads, railways and ports, the man in charge of planning the projects said on Tuesday. Bernardo Figueiredo said Brazil needs to double its current level of investment in infrastructure to at least 80 billion…
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