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IMF programme held up
KINGSTON, Jamaica, CMC – The Jamaica government says “contingency discussions” involving various international financial institutions have held up its programme for approval by the International Monetary Fund (IMF). Finance Minister Dr Peter Phillips told legislators that the discussions involve the IMF, the Inter-American Development Bank (IDB), and the World Bank “regarding the extent of the commitment from each institution to…
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Cabinet retreats again!
KINGSTON, Jamaica – FOR THE fifth time since forming the Government in January 2012, the Portia Simpson Miller-chaired Cabinet is to go into retreat. Sandrea Falconer, minister with responsibility for information, said the Cabinet retreat will take place this Sunday. “Cabinet ministers will discuss the growth agenda, including job-creation strategies, human-capital development, social inclusion, improved security and safety, fiscal prudence,…
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World Bank suspends funds to Grenada
ST. GEORGE’S, Grenada, CMC – The World Bank has suspended disbursements to Grenada after seven loan defaults in February. The Washington based financial institution said no new loans would be issued to Grenada unless the island makes good on the overdue payments amounting to US$750,000. The payments were due on February 15 February and the World Bank has written to…
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EDITORIAL – Echoes from the wrong war
KINGSTON, Jamaica – Yesterday's deadly bomb blasts in Baghdad and other Iraqi cities were bloody reminders of the country's continued instability and the fact that it could still collapse into a Balkanised entity, or even a completely failed state. But perhaps the greater lesson from today's Iraq is of the dangers that lurk when citizens are cowed or cajoled into…
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