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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…
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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…
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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,…
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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…
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U.N. calls on Haiti to set long-delayed election
MIAMI — As a Haiti investigative judge demanded that two parliamentarians be held accountable in the recent assassination of a police officer, the U.N. Security Council on Wednesday called on the country's political leaders to redouble efforts to break a 16-month political impasse preventing the staging of long-overdue elections. “If elections are not held in 2013, it will become ever…
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