Jamaica
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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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Prime Minister goes on short holiday
KINGSTON, Jamaica, CMC – Prime Minister Portia Simpson Miller left here Tuesday “for a short vacation,” according to an official statement. It gave no details except to say that “she will return to the island on Saturday, June 15” The brief statement said that Transport, Works and Housing Minister Dr. Omar Davies will be in charge of the government during…
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Caribbean, Chinese talk business in New York
KINGSTON, Jamaica – As Caribbean governments seek new investors, the Chinese are urging them to capitalise on a business development and investment promotion trip to China coming up this fall. The offer, which was made at the Avalon Invest Caribbean Now Forum last Wednesday in New York comes days after China's president, Xi Jinping offered concessionary loans to nine Caribbean…
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EDITORIAL – Empathy with Mr Nicholson
KINGSTON, Jamaica – A.J. Nicholson might have engaged his mouth rather too loosely on this occasion. We, however, have some appreciation of, and sympathy with, his exasperation with some business and political leaders over their approach to alleged abuse of the Caribbean Community's (CARICOM) trade regime by some of our regional partners. Or, as Mr Nicholson put it in the…
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Why is manufacturing not part of IMF growth agenda?
KINGSTON, Jamaica – SINCE the present government was ushered into power in the election of 2011 there has been a great deal of hope that an International Monetary Fund agreement was necessary to put the economy on a sustained path for growth. A view I hold to be misguided — despite the importance of the programme. Of most importance is…
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Look to Canada for energy solution – diaspora member
KINGSTON, Jamaica – A member of the diaspora in Canada has said that it is time Jamaica engage Canada in the discussions aimed at eking out an alternative energy solution to solve the local energy crisis. Addressing a Gleaner Editors' Forum at the newspaper's North Street, Central Kingston offices yesterday, Howard Shearer who is the chairman of Hitachi Canada, said…
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EDITORIAL – Dr Phillips must hold his nerve
KINGSTON, Jamaica – Dr Peter Phillips must be under tremendous pressure from his Cabinet colleagues over the slide of the Jamaican dollar in relation to the greenback, now at J$100:US$1. But Dr Phillips and the central bank governor, Mr Brian Wynter, must hold their nerve. In fact, Dr Phillips has pushed back hard, telling his colleagues to accelerate and begin…
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Finance Minister leads delegation to Europe for talks
KINGSTON, Jamaica, CMC – Finance Minister Dr. Peter Phillips is leading a delegation to Europe for talks with officials from a financial institutions, according to an official statement released here. It said that the talks are intended to apprise agents in the international capital markets of developments on the government’s economic reform programme and the growth agenda. Information Minister Sandrea…
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JMA to AJ Nicholson: ‘Step aside, minister’
KINGSTON, Jamaica – THE Jamaica Manufacturers' Association (JMA) yesterday told Foreign Affairs and Foreign Trade Minister AJ Nicholson to step aside or start singing a different tune on the trade dispute between Jamaica and Trinidad and Tobago. In a strongly worded reaction to Nicholson's outburst in the Senate on Friday against their criticism of Trinidad and Tobago's trade practices, the…
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