Jamaica
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Ja continuing to court other multilaterals, says Phillips
KINGSTON, Jamaica, Observer – STRAPPED for cash and looking forward to signing a US$958-million loan agreement with the International Monetary Fund (IMF) by month end, the Jamaican Government is continuing to court other multilaterals, Finance Minister Dr Peter Phillips said yesterday. On Monday the management of the IMF indicated that it will be making the recommendation to the Board that…
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Bermuda Hopes To Bounce Back In 2013
KINGSTON, Jamaica, Gleaner – Visitor arrivals fell by six per cent in 2012 but new Tourism Minister Shawn Crockwell is confident Bermuda can bounce back this year and cash in on a number of market opportunities. Crockwell, whose One Bermuda Alliance has been in power for just under four months, told a news conference on Tuesday that visitor arrivals dropped…
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Margaret Thatcher: economic transformation, political polarization
KINGSTN, Jamaica – MRS Margaret Thatcher, who secured her place in British history as the first and only female prime minister of Great Britain, died yesterday at the age of 87 years. Referred to as the “Iron Lady”, the epithet given to her by cold war Soviet Union, Mrs Thatcher ruled for 11 divisive years (May 1979 – November 1990),…
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EDITORIAL – Take Thatcher’s grit
KINGSTON, Jamaica – Whatever your view, good or bad, of Margaret Thatcher, the former British prime minister (PM) who died on Monday, there is no gainsaying that she was a transformative figure whose influence transcended the United Kingdom (UK). Further, in our current circumstance, Baroness Thatcher, her politics, and the way she forced Britain to confront its economic demons have…
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Thatcher was Jamaican ally
KINGSTON, Jamaica – One of Jamaica's closest allies at the end of the Cold War in the 1980s was Great Britain under then Prime Minister Margaret Thatcher as the Conservative Party in that country and the Jamaica Labour Party (JLP) shared a similar vision. Dubbed the 'Iron Lady', Thatcher was a close political ally of former prime minister of Jamaica,…
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Member of Royal family to visit Jamaica
KINGSTON, Jamaica, CMC – A member of the British Royal family is due here on April 15 for a five-day visit, it has been officially announced. A government statement said that Prince Michael Of Kent, will attend a special luncheon hosted by Governor-General, Sir Patrick Allen on April 16 and also pay an official visit to the Sir John Golding…
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IMF deal does not mean business as usual – private-sector leaders
KINGSTON, Jamaica – Private-sector leaders say reports yesterday that Jamaica could have a new deal with the International Monetary Fund (IMF) by month end will have some immediate positive impact, but warned that it cannot be business as usual. With the continued devaluation of the Jamaican dollar, the heads of the Private Sector Organisation of Jamaica (PSOJ), the Jamaica Manufacturers'…
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IMF deal in weeks – Gov’t looks to growth as agreement expected by month end
KINGSTON, Jamaica- The Ministry of Finance and Planning has subdued its glee in reacting to the likelihood of an inked deal with the International Monetary Fund (IMF) by month end, which could result in a cumulative drawdown of around US$2 billion from the Fund, the Inter-American Development Bank (IDB), and the World Bank over the next four years. “We are…
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Attorneys want substantial compensation for Jamaican national
PORT OF SPAIN, Trinidad, CMC – Lawyers for a Jamaican national who claimed that their client had been discriminated against because of her nationality when she travelled to Barbados on March 14, 2011 called for substantial compensation as the matter resumed at the Caribbean Court of Justice (CCJ) on Monday. Attorney Michelle Brown told the six-member CCJ panel of judges…
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EDITORIAL – Sliver of light in Budget
KINGSTON, Jamaica – As much as we are inclined to commend the Government for the Budget it tabled in Parliament last week, we will reserve comment until the finance minister, Peter Phillips, presents the rest of his funding programme, including the allocations for the multilateral financial institutions (MFIs). For, as they say, the devil's in the detail. Further, as is…
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