IMF says C’bean countries still struggling to overcome global economic meltdown
From Jamaica Observer WASHINGTON, United States (CMC) — A senior official of the International Monetary Fund (IMF) says with the global economy still struggling many countries in Latin America and the Caribbean are facing a harsher world than they did…
Jamaica’s opposition wins general election as voters tire of austerity
By Rebekah Kebede From Reuters Jamaica’s opposition narrowly won a general election on Thursday, with its message of deep tax cuts and massive job creation winning over voters weary of years of tough IMF-mandated austerity measures. The Jamaican Labour Party…
Turks and Caicos names new head of Financial Services Commission
From Caribbean Journal A new managing director Governor Peter Beckingham has appointed Niguel Streete as the next Managing Director of the Financial Services Commission, in accordance with the recommendation of the commission’s board. Streete brings over 20 years of experience…
IMF slashes Bahamas 2016 growth to 1.5%
By Neil Hartnell From Tribune 242 The International Monetary Fund (IMF) has slashed its 2016 growth forecast for the Bahamas by a further 0.7 percentage points to just 1.5 per cent, due to the Baha Mar impasse. The Fund, in…
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Demise of the Dollar?
From Mitch Zacks Investment Management I’ve received several questions from clients over the last few days regarding China’s currency, the yuan. Almost all of them were some variation of these three: with its acceptance into the International Monetary Fund’s [IMF]…
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Caribbean faces social unrest unless world treats it better, warns Jamaica
By Oliver West From Emerging Markets Peter Phillips, Jamaica’s finance minister, warns that populations in the Caribbean will lose patience with the international community unless they provide the resources to modernise infrastructure Jamaica’s finance minister has called for the international…
Jamaica on course for another drawdown of IMF funds
CARIBBEAN360 KINGSTON, Jamaica, Monday August 24, 2015 – Jamaica is on course for a ninth drawdown of funds from the International Monetary Fund (IMF). This is based on the country’s positive performance for the first quarter of the fiscal year…
The Greek crisis is shaking the IMF to its core
By Jamie Robertson From BBC World News The Greek crisis, having shaken the eurozone to its core, is likely to have a similar seismic effect on another massive institution, the IMF. The International Monetary Fund’s exposure is small compared with…
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Cayman Islands telecommunications provider offers bonus credit for mobile service problems Cayman Islands telecommunications provider LIME has announced that prepaid customers who were without service Tuesday (24) will get double credit. This will apply to any prepaid customer who topped…
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Cubans picked up at sea by U.S. Coast Guard rises nearly 75% By Christine Armario – AP From Clash Daily The flood gates are opening. What do you think about this increase? Is it good… bad… or ugly? MIAMI (AP)…
