News
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Phillips, IMF defend ‘strenuous’ fiscal target for Jamaica
KINGSTON, Jamaica, Gleaner- The fiscal conditionalities of the new International Monetary Fund (IMF) agreement are strenuous, but necessary, IMF mission head Jan Kees Martijn and Finance minister Dr Peter Phillips argued Tuesday, amid scepticism that Jamaica can hold to its targets this time. The IMF team also introduced the new IMF Resident Representative for Jamaica, Bert Van Selm who will…
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IMF pleased with Jamaica’s progress
KINGSTON, Jamaica, Gleaner- SENIOR INTERNATIONAL Monetary Fund (IMF) mission representative to Jamaica, Jan Kees Martijn, yesterday said the Fund is “encouraged by the steady progress being made” by the country under the extended fund facility (EFF). “We have found a strong resolve to implement the programme and that is indeed critical because we all realise that there are serious challenges…
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Brazil offers better terms for infrastructure investors
BRASILIA, (Reuters) – Brazil is sweetening terms for major infrastructure contracts to whet investor appetite and draw private capital and expertise needed to upgrade its deficient roads, railways and ports, the man in charge of planning the projects said on Tuesday. Bernardo Figueiredo said Brazil needs to double its current level of investment in infrastructure to at least 80 billion…
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UNITED STATES-IMMIGRATION-US Senate committee approves immigration measure
WASHINGTON, CMC – The United States Senate Judiciary Committee has approved a broad overhaul of the nation’s immigration laws. The bipartisan vote sends the s most significant immigration policy changes in decades to the full Senate for further deliberation. Debate is anticipated to commence there next month. The 13-5 vote approved the measure authored by four Democrats and four Republicans,…
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CUBA-TECHNOLOGY-US firm says Cuba activates fibre optic cable link with Jamaica
MAINE, CMC – An American company that monitors global Internet traffic, says Cuba has activated a branch of its submarine fibre optic cable that connects to Jamaica, giving it greater bandwidth and a backup in case the main leg to Venezuela is not available. Senior analyst at Renesys Corporation, Doug Madory, said that the company has noticed that ETECSA, the…
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ST. KITTS-VISIT-PM on official visit to Kuwait ST. KITTS-VISIT-PM on official visit to Kuwait
BASSETERRE, St. Kitts, CMC – Prime Minister Dr. Denzil L. Douglas started an official visit to Kuwait holding talks with that country’s Prime Minister, Sheikh Jaber Al-Mubarak AL-Hamad Al-Sabah as the two countries seek to increase bi-lateral relations and boost cooperation in several areas. A government statement Wednesday said that the two leaders also discussed co operation in the economic,…
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ST. KITTS-POLITICS-St. Kitts –Nevis PM comments on death of Taiwanese fisherman
BASSETERRE, St. Kitts, CMC – The St. Kitts-Nevis government Wednesday said it was ‘saddened” at the death of a Taiwanese fisherman killed by the Pilipino Coast Guard, in the southern part of the ROC Exclusive Economic Zone (EEZ) earlier this month. The Philippines coast guard says its crew acted in self-defense, believing the Taiwanese fishing boat was trying to ram…
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