Displaying items by tag: IMF

Uma Ramakrishnan, led the IMF Review Mission to Jamaica

JAMAICA | IMF delegation ends visit to Jamaica

KINGSTON, Jamaica, Mar 3, CMC – The International Monetary Fund (IMF) Friday said it had reached a preliminary agreement with Jamaica on a set of policies aimed at completing the first review under the precautionary Stand By Arrangement (SBA).

March 3, 2017
Published in local news

IMF boss will not appeal court decision

Managing Director of the International Monetary Fund (IMF) Christine Lagarde says she will not appeal a decision by a French court to convict her for negligence.Lagarde was convicted for negligence in relation to her approving a multi million dollar payout to a businessman for the disputed sale of a firm.

December 21, 2016
Published in World News

IMF approves US$41.6 million for Haiti

WASHINGTON, Nov. 19, CMC – The Executive Board of the International Monetary Fund (IMF) on Friday approved SDR 30.7125 million (approximately US$41.6 million) in financial assistance for Haiti under the Rapid Credit Facility (RCF).

November 19, 2016
Published in Regional Economy

IMF mission chief Daniel Leigh (r) and IMF’s country representative Joshua Charap – ( CMC photo)

IMF says Suriname’s economy is in ‘deep recession’

PARAMARIBO, Suriname, Nov. 19, CMC – The International Monetary Fund (IMF) says the economic outlook for Suriname remains challenging.

November 19, 2016
Published in Regional Economy

Deputy Managing Director and Acting Chair of the IMF Executive Board Mr. Tao Zhang.

IMF Board approves US$1.64 billion Stand-By Arrangement for Jamaica

WASHINGTON, DC, November 12, 2016 - The Executive Board of the International Monetary Fund (IMF) Yesterday approved a three-year Stand-By Arrangement (SBA) for Jamaica to support the authorities’ continued economic reform agenda.

November 12, 2016
Published in Regional Economy

IMF Deputy Managing Director Tao Zhang said the withdrawal of correspondent banking relationships, also known as CBR, is a problem not only observed in the Caribbean.

IMF calls for collective solution to correspondent banking problem

ST. JOHN’S, Antigua, Oct 28, CMC – A senior official of the International Monterey Fund (IMF) Friday called for a “collective solution” to the issue of correspondent banking that has the potential to seriously affect the economies of Caribbean countries.

October 28, 2016
Published in Regional Economy

IMF says moderate economic growth recorded in ECCU

WASHINGTON, Oct 25, CMC – After a robust pick up in 2014, regional growth in the Eastern Caribbean Currency Union (ECCU) moderated in 2015, largely reflecting slower growth in tourist arrivals, the International Monetary Fund (IMF) has said.

October 25, 2016
Published in Regional Economy

From Left Finance Minister Audley Shaw, Head of the IMF Staff Mission Team to Jamaica, Dr. Uma Ramakrishnan; and IMF Resident Representative in Jamaica, Dr. Constant Lonkeng Ngouana. (File photo).

IMF Reaches Staff-Level Agreement with Jamaica on Three-Year Precautionary Stand-By Arrangement

KINGSTON, October 13, 2016 - An International Monetary Fund (IMF) mission led by Uma Ramakrishnan and the Jamaican authorities have reached a staff-level agreement on a new economic program.

October 14, 2016
Published in Regional Economy

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