United States of America
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IMF now finalising issues on Ja
NEW YORK, USA — The International Monetary Fund (IMF) says it is now “looking to finalise a few pending issues”, before submitting Jamaica's request for support under the Extended Fund Facility to its executive board. The submission is to be done as soon as possible, according to a spokesperson for the Fund who was responding to enquiries from the Jamaica…
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World Bank outlines “bold agenda” for ending extreme poverty in the Caribbean
WASHINGTON, CMC – The World Bank has outlined a “bold agenda” for ending poverty in the developing world, including the Caribbean. “We are at an auspicious moment in history when the successes of past decades and an increasingly favorable economic outlook combine to give developing countries a chance – for the first time ever – to end extreme poverty within…
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IMF says no single bullet for Caribbean economic problems
WASHINGTON, CMC – The International Monetary Fund (IMF) says there is no “single bullet” that will allow Caribbean countries to deal with their various problems such as high debt, low growth, mitigation of vulnerabilities and strengthening financial system. The IMF said that growth in the Caribbean has stagnated in the last two decades, except in commodity exporters. The last rapid…
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Ban Ki-moon: Region must stick to UN goals
NEW YORK- United Nations Secretary General Ban Ki-moon is urging Caribbean and other developing countries to keep alive the promise of the Millennium Development Goals (MDGs). In a message marking 1,000 days before the target date to achieve what he described as “a vital moment in history’s largest and most successful anti-poverty push”, Ban said while a journey of a…
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Senior police officer admits setting monthly quotas for arresting Caribbean youths
NEW YORK, CMC – A high-ranking New York Police Department (NYPD) officer has acknowledged setting monthly quotas for summonses, arrests and stop and frisks of Caribbean and other minority youths while heading a Brooklyn, New York police precinct. “I set a standard that said do your job or suffer the consequences,” Deputy Chief Michael Marino admitted on the stand in…
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US regulator accused Bahamas-based broker of market manipulation
NEW YORK, CMC – The United States financial services watchdog agency, the Securities and Exchange Commission (SEC) says it has charged a Bahamas-based broker-dealer among others in what it describes as “an international market manipulation scheme”. The SEC said charges have been laid against Gibraltar Global Securities, a Bahamas-based broker-dealer; two San Diego, California attorneys and other participants in an…
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U.N. calls on Haiti to set long-delayed election
MIAMI — As a Haiti investigative judge demanded that two parliamentarians be held accountable in the recent assassination of a police officer, the U.N. Security Council on Wednesday called on the country's political leaders to redouble efforts to break a 16-month political impasse preventing the staging of long-overdue elections. “If elections are not held in 2013, it will become ever…
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Obama, Arriving in Israel, Offers Reassurance
TEL AVIV – President Obama landed here on Wednesday to begin a highly symbolic two-day visit to Israel, the first of his presidency, offering reassurances to a wary Israeli public of the support of its American ally as Israel faces threats from Iran and uncertainty in its roiling neighborhood. Stepping into a sparkling noonday sun at Ben-Gurion International Airport here,…
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Robbers target Caribbean stores
NEW YORK, CMC – New York police say they are searching for armed robbers who are targeting Caribbean stores. The New York Police Department (NYPD) said so far this month, the robbers held up at least four Caribbean stores in Brooklyn and Queens. The NYPD said on each occasion, the gunmen escaped with an undisclosed amount of cash. The authorities…
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St. George’s University up for sale
NEW YORK, CMC – The St. George’s University in Grenada, regarded as one of the largest medical schools in the world, is up for sale, according to international media reports. The university, which came to prominence in 1983 when U.S. President Ronald Reagan sent in troops to evacuate American students following a military coup, is reportedly speaking to private equity…
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