Displaying items by tag: IMF

Economic Programme Oversight Committee (EPOC) Co-Chairman, Keith Duncan, fields questions from journalists during EPOC’s quarterly media briefing at Jamaica Money Market Brokers Limited’s (JMMB) corporate offices in Kingston on Wednesday.

JAMAICA | Marked increase in Social and Capital Expenditure

KINGSTON, Jamaica October 18, 2018 - Economic Programme Oversight Committee (EPOC) Co-Chairman, Keith Duncan, says robust tax revenue growth over the last two years is creating the welcome fiscal space that allows for notable increases in Government capital expenditure and social spending.

October 19, 2018
Published in Business & Economy

World Bank, IMF Address Advantages For Fintech For The Future

The “The Bali Fintech Agenda: A Blueprint for Successfully Harnessing World Bank Opportunities” was unveiled to government finance ministers and officials, including central bank representatives, who participated in the 2018 annual meetings of the International Monetary Fund and the World Bank Group held in Bali, Indonesia, from October 11 to 14.

October 15, 2018
Published in World Economy

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

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