Jamaica
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Who says there’s no hope without the IMF?
KINGSTON, Jamaica, Observer – Two news stories we published this week have, for us, been particularly heart-warming and most encouraging. For they indicate to us that, amidst the challenges being faced by this country, and the attitude of many that we cannot do anything without an International Monetary Fund agreement, there are, among us, individuals who are engaged in constructive…
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WTO Online Gaming Ruling Could Be Trouble, Says Think Tank
KINGSTON, Jamaica, Gleaner – The Center on Hemispheric Affairs (COHA) says the recent decision by the World Trade Organization (WTO) siding with Antigua and Barbuda against the United States in their online gambling dispute “presents a troubling scenario” for Washington. “If the United States claim that the world's 15th smallest economy is engaged in some form of economic bullying, attempting…
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PM, Finance Minister Confirm Another Debt Exchange Programme
KINGSTON, Jamaica, Observer – Prime Minister Portia Simpson Miller has confirmed that a second debt exchange programme will be implemented. In a joint national broadcast with the Finance Minister Dr Peter Phillips this evening, Simpson Miller said the programme called a National Debt Exchange Offer will be launched Tuesday morning. The debt exchange is part of measures that the Government…
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Gov’t starts implementing ‘painful’ measures to get IMF approval
KINGSTON, Jamaica, Observer – Let us pull together, PM appeals to country FINANCIAL institutions and holders of domestic bonds will this morning be asked to take a haircut on interest for the second time in three years as the Government starts implementing measures critical to signing a funding arrangement with the International Monetary Fund (IMF). Prime Minister Portia Simpson Miller…
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Gov’t agrees to IMF preconditions
KINGSTON, Jamaica, Observer – GOVERNMENT has agreed to a number of preconditions with the International Monetary Fund (IMF) as part of a requirement for an extended fund facility with the multinational. Some of the preconditions were announced last night buy the finance minister, Dr Peter Phillips, during a joint national broadcast to the nation with Prime Minister Portia Simpson Miller.…
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US military official urges Jamaica to deal decisively with corruption
(Jamaica Gleaner) The man entrusted by the United States (US) to monitor the gamut of its military-related affairs in approximately 31 countries and 15 areas of special sovereignty in the Western Hemisphere is urging the Portia Simpson Miller administration to be unyielding in its efforts to rid Jamaica of corruption. Commander of the US South Command, General John Kelly, last…
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UNITED STATES-MUSIC-Grammys pays tribute to legendary late Jamaican reggae superstar Bob Marley
LOS ANGELES, CMC – The 55th Grammy Awards here Sunday night paid tribute to legendary Jamaican reggae superstar Robert Nesta Marley, renowned worldwide as Bob Marley. But, for a moment, it appeared as though there would hardly be any tribute to the late great reggae artist when about two-thirds of a set that was supposed to honour him was used…
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CARIBBEAN-PRISON-Figures show significant number of Jamaicans in jails across the United Kingdom
LONDON, CMC – More than 800 Jamaicans are in jails in the United Kingdom, according to figures released during a debate in Parliament. The website bernews.com Monday reported that there were approximately, 1007 nationals from the West Indies incarcerated in jails across England and Wales at the end of 2012. It said that Jamaicans made up the bulk of that…
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JAMAICA-ECONOMY-Prime Minister urges sacrifices as Jamaica moves to sign IMF agreement
KINGSTON, Jamaica, CMC – The Jamaica government is urging nationals to accept the stringent measures that will accompany a multi-million dollar Stand By Agreement (SBA) with the International Monetary Fund (IMF) that would include increases taxes and the launch of a national debt exchange offer on Tuesday. In a joint address to the nation on Monday night, Prime Minister Portia…
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JAMAICA-ECONOMY-Finance minister describes negotiations with IMF as “long and hard”
KINGSTON, Jamaica, CMC – Finance Minister Dr. Peter Phillips says the government will introduce a number of measures aimed at improving the local economy as Jamaica moves into an agreement with the International Monetary Fund (IMF) that it says is necessary to shore up the island’s balance of payments position and provide access to other multilateral sources of funds. In…
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