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WiredJa Online News

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WiredJa Online News

The Raiding of Ukraine’s Gold

At present, Ukraine is teetering on the brink of a default. Its rapidly dwindling gold and foreign exchange reserves are an indication of the country’s catastrophic financial situation. According to official data, on 1 February 2015 Ukraine’s international reserves amounted to $6,419.7 million. This is a triflingly small amount for a country like Ukraine.

Confidence in the Jamaican economy is slowly returning

IN a recent presentation to the Sagicor group, local IMF representative Bert van Selm argued that Jamaica now faced a supportive external environment, with US and global growth projected by the IMF at 3.6 per cent and 3.5 per cent respectively for 2015, as well as falling oil prices.

Byles Confident Jamaica Will Pass IMF Quarterly Test

KINGSTON, January 14, 2015 -  Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, has joined Finance Minister Dr. Peter Phillips in expressing confidence that Jamaica will pass the seventh consecutive International Monetary Fund (IMF) quarterly test.

Jamaica's External Trade Bulletin Jan to Sept 2014

KINGSTON, Jamaica December 31, 2014 - As the Jamaican economy continues on a steady growth path under the International Monetary Fund’s Extended Fund Facility, “Macro-economic performance under the program continues to be good and growth is showing signs of picking up.

Has the International Monetary Fund Reformed?

In a Washington Post op-ed last week, ‘The IMF's Perestroika Moment’, Boston University political economists Cornel Ban and Kevin Gallagher suggested ‘conventional wisdom’ about the International Monetary Fund is ‘outdated’ because the IMF is no longer ‘a global agent of economic orthodoxy.’ Hmmm.
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