Jamaica
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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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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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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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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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CAL flight reductions to Jamaica ominous, say pilots
KINGSTON, Jamaica, Observer – CARIBBEAN Airlines' decision to cut back on the number of flights to Jamaica is being seen by the Jamaican Airline Pilots' Association (JALPA) as a first step towards pulling out of Jamaica. For several weeks it was rumoured that Caribbean Airlines (CAL) had planned to reduce flights to Jamaica, and on Tuesday, during a sitting of…
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JAMAICA-POLITICS-Government denies Cabinet re-shuffle
KINGSTON, Jamaica, CMC – The Jamaica government has denied a newspaper report of a Cabinet re-shuffle. In a brief one paragraph statement, the Portia Simpson Miller government dismissed as “false” the report by the Gleaner newspaper on its website. “The Prime Minister and her team remain focused on the national growth and the development agenda and will not be distracted…
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JAMAICA-AVIATION-Caribbean Airlines to cut back on Jamaica flights
KINGSTON, Jamaica, CMC – Head of Communications at Caribbean Airlines, Clint Williams has confirmed reports that the airline will be cutting back on the number of flights to Jamaica. For several weeks it was rumored that flights to Jamaica would be reduced and on Tuesday during a sitting of Parliament's Standing Finance Committee, Transport Minister Dr. Omar Davies, told the…
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Guyana To Curb Illegal Mining Through National Lottery
KINGSTON, JAMAICA, Gleaner- The Guyana government says it will hold a national mining lottery later this month that will target small miners due to the increased demand for mining properties. Natural Resources and the Environment Minister Robert Persaud said the lottery, to be held in all six mining districts, is also aimed at curbing illegal mining allowing miners to now…
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IMF good news should stabilise the dollar
KINGSTON, Jamaica, Observer – IN a press briefing yesterday, Governor Brian Wynter expanded on Bank of Jamaica (BOJ) statement released that morning on the foreign exchange market. In the BOJ's press statement, they had noted that the fall in the exchange rate “had occurred in the context of extended negotiations with the International Monetary Fund (IMF) for a new borrowing…
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