Displaying items by tag: IMF

Opposition Shadow Minister of Finance and Planning Mark Golding

JAMAICA | Opposition bemoans devaluation of Jamaican dollar

Kingston, Jamaica, Aug. 24, 2018: The Parliamentary PNP Opposition is today lashing out at the Holness administration and expressing major concerns over its adoption of a new exchange rate policy, now being described as a “pure free float” of the Jamaican dollar, which is causing panic in the society.

August 24, 2018
Published in Business & Economy

Co-Chair of The Economic Programme Oversight Committee (EPOC), Keith Duncan.

JAMAICA | Inflation targets not met, triggers talks with IMF Executive Board

Kingston, Jamaica – 04 August 2018: The Economic Programme Oversight Committee is reporting that Fiscal and International Reserves targets are on track. However, inflation is at 3.1 percent as at May 2018, which dropped to 2.8% as at June 2018 and remains below the IMF SBA programme target of 3.5% – 6.5%.

August 5, 2018
Published in Business & Economy

The Grenadian economy grew by an estimated 4½ percent in 2017, driven by strong activity in construction, tourism, and education sectors.

GRENADA | IMF commends Grenada for its 4.5% economic growth

GRENADA, July 25, 2018 - The Executive Directors of the International Monetary Fund, have commended the Grenada Government for implementing sound policies leading to a strong economic and fiscal performance and sustained debt reduction.

July 25, 2018
Published in Business & Economy

Street vendors in Rio de Janeiro, Brazil: While growth is accelerating in some parts of Latin America, the recovery has become tougher for some of the largest economies. (photo: Oliver Wintzen/Robert Harding/Newscom)

IMF gives positive outlook for the Caribbean despite Tough Recovery, Uncertainties

WASHINGTON, DC, July 24, 2018 - Despite protracted uncertainty related to trade and immigration issues, the International Monetary Fund, says supported by higher U.S. growth, economic prospects for the Caribbean are generally improving.

July 24, 2018
Published in Business & Economy

GUYANA | IMF Executive Board Concludes Article IV consultation

DPI, Guyana, Tuesday, July 17, 2018 - “Guyana’s economic growth slowed in 2017 but became more broad-based. The economy grew by 2.1 percent, down from 3.4 percent in 2016, on the account of lower than expected mining output and weak performance in the sugar sector.

July 18, 2018
Published in Business & Economy

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (second right), is presented with a copy of a World Bank Report, titled ‘Advancing Disaster Risk Finance in Jamaica’, by World Bank Country Manager for Jamaica, Galina Sotirova (second left). Also pictured (from left) are Acting Financial Secretary in the Finance Ministry, Darlene Morrison; and Disaster Risk Management Specialists, Rashmin Gunasekera and Mary Royer. Occasion was the official launch of the Report during a ceremony at The Jamaica Pegasus hotel in New Kingston on Monday (July 16). The document outlines recommendations for the formulation of a country-specific comprehensive disaster risk finance (DRF) strategy for Jamaica.

World Bank Report Says Jamaica Needs $16 Billion Annually to Deal With Disasters

KINGSTON, Jamaica July 17, 2018 - A new World Bank Report is suggesting that, on average, Jamaica would need $16 billion annually to cover losses from natural disasters.

July 18, 2018
Published in Environment

Maury Obstfeld, IMF Economic Counsellor and Director of Research

USA | IMF Wants Govts to Protect the Poorest, Promote economic equity

WASHINGTON DC, July 16, 2018 - Governments are being asked to pay more attention to economic equity among citizens, and in particular, to pay special attention to protecting the poorest.

July 16, 2018
Published in World Economy

People run past a barricade set up and burned during a protest over the cost of fuel in Port-au-Prince, Haiti, Friday, July 6. Major protests erupted in Haiti as government announced a sharpe increase in gasoline prices with demonstrators using burning tyres and barricades to block major streets across the capital.| AP Photo

Haiti: IMF Insists on Fuel Hikes As Political Crisis Deepens

PORT-AU-PRINCE, Haiti, July 13, 2018 - The International Monetary Fund (IMF) is insisting that Haiti applies economic reforms despite massive and deadly protests last week after the government attempted to increase fuel prices.

July 13, 2018
Published in Caribbean

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