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EDITORIAL – Give details for the June IMF test
KINGSTON, Jamaica – Jamaica, for all practical purposes, has an agreement with the International Monetary Fund (IMF). It will be merely formalised by the fund's executive board at their meeting on May 1. So, the fiscal programme being pursued by the Government for the financial year that started on April 1 is predicated on the terms of the US$958 million…
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Opposition blasts national budget
KINGSTON, Jamaica, CMC – The main opposition Jamaica Labour Party (JLP) has blasted the Portia Simpson Miller led administration saying the country is worse off than when it demitted office in 2012. Responding to the J$521 billion (One Jamaica dollar = US$0.01 cents) tax free budget presented by Finance Minister Dr. Peter Phillips last week, former finance minister Audley Shaw…
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PM confident of economic growth in 2013
BASSETERRE, St. Kitts, CMC – Prime Minister Dr. Denzil Douglas Wednesday said he remains confident that the twin island federation would record near two per cent economic growth this year. He said the 1.9 per cent growth being predicted is reasonable based on “what we have seen from the performance of the local economy, having undergone a number of structural…
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Guyana pitches for investment from Trinidad and Tobago
PORT OF SPAIN, Trinidad, CMC – Guyana Wednesday made an impassioned plea for business investments from its oil rich Caribbean Community (CARICOM) neighbour, Trinidad and Tobago, saying it also provides a gateway for investment in South America. Guyana’s President Donald Ramotar addressing the Trinidad and Tobago Chamber of Industry and Commerce Annual General Meeting his country could be a bridge…
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World Bank praises Grenada
WASHINGTON, CMC – The World Bank says Grenada has advanced towards fiscal governance and investment promotion and that it is also seeking to modernise several areas of its operations as part of a project to enhance fiscal governance and promote investment. The Washington-based financial institution said the new Keith Mitchell administration developed capacity in the conformity assessment for exported goods,…
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World Bank helps to improve secondary education in St. Vincent
WASHINGTON, CMC – The World Bank says it is helping to improve the quality of secondary education in St. Vincent and the Grenadines. The Washington-based financial institution said this is being done through a project that trains more teachers and provides more classrooms. The bank said that, since 2004, it has supported the government in constructing and rehabilitating secondary schools…
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Haiti urges closer cooperation as ACS begins fifth summit
PORT AU PRINCE, Haiti, CMC – Haiti welcomed delegates to the Fifth Summit of the Association of Caribbean States (ACS) with Foreign Minister Pierre Richard Casimir, indicating that the event is essential in strengthening regional cooperation. Several Caribbean Community (CARICOM) countries are being represented at the summit that is being held under the theme “Revitalizing the Vision of the Association…
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