News
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EDITORIAL – The other side of the IMF agreement
KINGSTON, Jamaica – SHORT OF Jamaica quitting its borrowing habit cold turkey, this newspaper is convinced that an agreement with the International Monetary Fund (IMF) is the only game in town. We also believe that given our situation, the deal that has been struck with the IMF is on the best terms that we could get. They are tough, but…
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World Bank commends Jamaican Gov’t
WASHINGTON, DC, USA — The World Bank has commended the Jamaican Government on recent economic initiatives, including the National Debt Exchange (NDX), to secure the recent staff-level agreement with the International Monetary Fund (IMF). “I have been listening keenly to the development in Jamaica over the last couple of days and I think what has transpired is a move in…
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Sri Lanka establishes diplomatic relations with St. Vincent
UNITED NATIONS, CMC – Sri Lanka has established formal diplomatic relations with St. Vincent and the Grenadines. In a statement issued here on Tuesday, Sri Lanka’s External Affairs Ministry said the relations have been established with a view to promote trade and sports. The joint communique was signed by Sri Lanka’s Permanent Representative to the United Nations Palitha Kohana and…
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St. Lucia agrees to join PetroCaribe
CASTRIES, St. Lucia, CMC – The St. Lucia government says it expects to accrue major benefits for the island following the decision of Castries to join the Venezuelan oil initiative, PetroCaribe. “This will make it possible for the country to receive a regular supply of petroleum products from Venezuela under the PetroCaribe arrangements that are currently being utilized by several…
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PM says he has support of CARICOM amidst bribery accusation
KINGSTOWN, St. Vincent, CMC – Prime Minister Dr. Ralph Gonsalves says he has received the support of his fellow Caribbean Community (CARICOM) leaders amid reports that an investor had left a bag containing money at his office. “I put my faith and trust in the people of St. Vincent and the Grenadines and the Caribbean. … I have nothing to…
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CARICOM Demands U.S. Greater Control over Firearms
Port au Prince, (Prensa Latina) The leaders of the Caribbean Community (CARICOM) demanded the United States (U.S.) more control over firearms as part of security efforts in the region, the press reported today. During a closed-door meeting with U.S. Attorney General Eric Holder, area leaders explained the damage that causes the arms trade to the Caribbean and requested the signing…
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