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JAMAICA-ECONOMY-IMF approves new facility for Jamaica
WASHINGTON, CMC – The International Monetary Fund (IMF) Wednesday said it had approved US$932.3 million loan under its Extended Fund Facility (EFF) for Jamaica. The four-year EFF will support the Jamaica government’s comprehensive economic reform agenda and forms a critical part of a total funding package of two billion US dollars from Jamaica’s multilateral partners including the World Bank and…
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Trade unionists frustrated at failure to establish trade union congress
ROSEAU, Dominica, CMC – As several Caribbean countries prepare to celebrate MAYDAY, the traditional day of workers on Wednesday, a Dominican trade unionist is lamenting the failure to establish a Trade Union Congress (TUC) in the country. Head of the Public Service Association (PSA), Thomas Letang, speaking on the state-owned DBS radio Tuesday, said while “a lot of work” had…
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Government minister against opposition concept of national unity
BASSETERRE, St. Kitts, CMC – A senior member of the St. Kitts-Nevis government has brushed aside opposition calls for a government of national unity. “We don't want any unity government in St Kits and Nevis. We want to remain a stable country. I don’t' have to tell you what is happening in Trinidad and Tobago where unity is crumbling fast,”…
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Guyana assures Norway that budget cuts will not affect LDCS
GEORGETOWN, Guyana, , CMC – Norway is reported to have expressed “serious concerns” about the status of the Low Carbon Development Strategy (LCDS), following the decision by the National Assembly to approve a drastic reduction in the national budget as proposed by opposition legislators. A government statement issued following talks between Prime Minister Samuel Hinds and Norway’s Ambassador Aud Marti…
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PM to deliver budget on May 14
CASTRIES, St. Lucia, CMC – Prime Minister Dr. Kenny Anthony will deliver the national budget on Tuesday, May 14. The budget presentation follows the completion of the debate on the Estimates of Revenue and Expenditure over the last weekend. The debate on the budget presentation will be May16-17. The government is expected to table an EC$1.3 billion (One EC dollar…
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Simpson Miller makes Budget presentation today
today KINGSTON, Jamaica – Prime Minister Portia Simpson Miller will make her contribution to the 2013/2014 Budget Debate today. Simpson Miller will make her presentation in Gordon House, on the heels of the Opposition Monday saying that Jamaicans can expect the speech to be filled with “fluff” and “rhetoric”.
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A chance to combat the illegal arms trade
KINGSTON, Jamaica – Any legal measure implemented by local and foreign law enforcement agencies to combat the drug trade is welcomed by this newspaper. For we are resolute in our belief that the trafficking of narcotics is a most abominable crime for which those found guilty must feel the full weight of the law. We regard drug dealers as the…
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Australia to help Caribbean deal with climate change issues
BELMOPAN, Belize, CMC – Australia will use its expertise in guiding the Caribbean adapt to climate change and manage its coral reefs. Coral reefs provide benefits to the Caribbean valued at over four billion annually. The reefs of the Caribbean are of great importance in providing shoreline protection, habitat for healthy fisheries and an essential attraction for the tourism sector,…
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