News
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GRENADA-POLITICS-Minority parties upset over non-use of original symbols
ST. GEORGE’S, Grenada, CMC – Less than a week before Grenadians go to the polls to elect a new government, four minority political parties have been told they would not be able to have their advertised symbols placed on the ballot paper. The parties – The Movement for Independent Candidates (MIC), National United Front (NUF), the People United Labour Party…
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BAHAMAS-ECONOMY-IMF welcomes “gradual recovery” of Bahamas economy
WASHINGTON, CMC – The International Monetary Fund (IMF) is welcoming the “gradual recovery” of the Bahamas economy, supported by a rebound in tourism and ongoing investment projects. However, the Washington-based financial institution said unemployment remains high and that the economy faces “downside risks from an uncertain external environment, while fiscal and external imbalances have widened”. The IMF, which has just…
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A Caribbean style Schengen visa programme
BRIDGETOWN, Barbados, CMC – Caribbean Community (CARICOM) countries are being urged to review their visa regimes so as to lure more visitors to the region. The recommendation comes from the Caribbean Tourism Organization (CTO) Aviation Task Force, a highly focused committee established to facilitate air transportation into and throughout the Caribbean and to enhance airlift, following a meeting in Antigua…
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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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