Jamaica
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Thatcher and the Caribbean
KINGSTON, Jamaica – For days to come, we can expect virtual saturated international media coverage of Britain's only and longest-serving prime minister of the 20th century, Baroness Margaret Thatcher. Her unique political leadership style, her bullish toughness as a politician in wielding State power and intimidating dissent, even within her own Conservative party, had earned her the (un)flattering sobriquet 'Iron…
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FAO Workshop Pushes Caribbean Integration
KINGSTON, Jamaica – Caribbean livestock producers may soon experience some positive gains following the recent Food and Agriculture Organization of the United Nation (FAO)'s workshop for chief livestock officers in the Caribbean, which concluded in Kingston last week. The workshop which pulled together representatives from more than 13 Caribbean countries and varied public and private-sector stakeholders was held with the…
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Senior IMF representative commends Government
KINGSTON, Jamaica, CMC – Dr. Gene Leon, the senior representative from the International Monetary Fund (IMF) in Jamaica, has commended the Portia Simpson Miller led administration for displaying the vision to formulate a programme, aimed at resuscitating the country’s economy. He said the programme represents a “blueprint” and a “map” which presents opportunities for Jamaica going forward. Leon made the…
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National Security Minister wants divine intervention to deal with crime
KINGSTON, Jamaica, CMC – National Security Minister Peter Bunting is admitting that the fight against crime seems to be a futile endeavour in Jamaica. “I am not embarrassed to say that right now as Minister of National Security, I am going through a kind of a dark night of the soul. “We are trying very hard as a Ministry; I…
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TCI capital, Grand Turk, clamours for Sandals/Beaches hotel, Most wanted brand
KINGSTON, Jamaica, Gleaner – GRAND Turk, the capital of the Turks and Caicos Islands (TCI), is the latest city to invite Gordon 'Butch' Stewart to establish his Sandals/Beaches resorts there in hopes of stimulating tourism growth. The call was made by the president of the Providenciales Chamber of Commerce, Tina Fenimore, who was the first to establish a hotel on…
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Lewin hailed as cultural visionary
KINGSTON, Jamaica, Observer – JAMAICANS continued paying tribute yesterday to cultural icon Dr Olive Lewin who died in the University Hospital of the West Indies Wednesday night. Lewin, founder of the Jamaican Folk Singers, was ailing for some years. She was 85. Yesterday, Prime Minister Portia Simpson Miller expressed profound sadness at Lewin's passing and described her as a cultural…
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Devaluation Provides Growth Opportunities
KINGSTON, Jamaica, Gleaner – Despite the loss in value of the Jamaican currency relative to the United States dollar, two academics and a businessman have suggested that it provides opportunities to spur economic growth. “If the Jamaican currency is becoming cheaper, then it presents a great opportunity for firms to increase their exports, asserted Dr. Denzil Williams, deputy executive director…
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IMF Deal The Beginning Of A Long Haul
KINGSTON, Jamaica, Gleaner – Monday's International Monetary Fund (IMF) statement on Jamaica reads: “Fund management will submit to its Executive Board a 48-month arrangement under the Extended Fund Facility in the amount of SDR 615 million (about US$958 million, or 225 per cent of quota), with the recommendation that it be approved. It is expected that the board meeting would…
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It really can’t be business as usual in Jamaica
KINGSTON, Jamaica, Observer – THE anticipated approval of the IMF deal by their executive board, announced on Monday, will give Jamaica some welcome breathing space but it is absolutely no panacea to our deep-rooted economic problems. In this context, the call of the three private sector leaders of the JCC, JMA and PSOJ that it “cannot be business as usual”…
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Jamaica Expects Immediate Infusion Of US$213m From IMF
KINGSTON, Jamaica, Observer – The International Monetary Fund (IMF) will dispatch US$213 million to Jamaica immediately after its board approves the new bailout programme expected by month end, according to central bank Governor Brian Wynter. Those funds, along with future distributions, will immediately shore up the country's depleted reserves. The gross reserves fell to US$1.7 billion at the end of…
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