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JAMAICA | Standard & Poor's Upgrades Jamaica's Ratings; Outlook Remains Stable

JAMAICA | Standard & Poor's Upgrades Jamaica's Ratings; Outlook Remains Stable

KINGSTON, Jamaica, September 28, 2019 - Standard and Poor’s Ratings Agency (S&P), yesterday upgraded the Government of Jamaica’s long-term foreign and local currency rating to “B+” from “B” and affirmed the ‘B’ rating on the short-term foreign and local currency sovereign credit ratings. The outlook remains “stable”. S&P Global Ratings also raised its transfer and convertibility assessment to 'BB-' from 'B+'.

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  • Countries Jamaica
Prime Minister Mia Mottley and IMF Head of Mission to Barbados, Dr. Bert van Selm.

BARBADOS | IMF says B'dos making good economic progress

WASHINGTYON, DC, February 14, 2019 - The International Monetary Fund , IMF, says Barbados continues to make “good progress’ in its efforts to turn around an ailing economy supported by a multi-million dollar Extended Fund Facility, EFF.

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  • Countries Barbados
PANAMA | Economy on track to recover from slowdown

PANAMA | Economy on track to recover from slowdown

WASHINGTON, DC, February 14, 2019 - The International Monetary Fund, IMF, says “Panama remains one of the most dynamic growing countries in Latin America, but economic activity has been less dynamic than expected.

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  • Countries Latin America
Economic Advisor to the Barbados Government, Dr. Kevin Greendige, speaking during a BGIS Facebook Live interview at the Central Bank. (BGIS)

BARBADOS to receive immediate injection of IMF Funds

BRIDGETOWN, Barbados, October 2, 2018 - The nod of approval from the Executive Board of the International Monetary Fund will give Barbados access to US $49 million tomorrow, which will be put into an account at the Central Bank.

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  • Countries Barbados
Chief Economic Counsellor, to Prime Minister Mia Mottley, Ambassador Dr. Clyde Mascoll

BARBADOS | IMF agreement a victory for the Barbadian people says Mascoll

BRIDGETOWN, Barbados, October 1, 2018 - Barbados' Chief Economic Counsellor and lead negotiator with the IMF, Ambassador Dr. Clyde Mascoll has hailed today's staff level agreement  for an Extended Fund Facility with the IMF as a victory for the people of Barbados, who had been asked to play their part during these difficult economic times.

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  • Countries Barbados
IMF Places China’s currency into IMF’s foreign exchange basket

IMF Places China’s currency into IMF’s foreign exchange basket

The International Monetary Fund (IMF) officially green-lighted the acceptance of China’s currency – the Yuan – into the IMF’s foreign exchange basket. According to Reuters, this move paves the way for the IMF to place the yuan on a par with the US dollar. This is the latest in a series of global developments that threatens to eliminate the US dollar as the world’s reserve currency.

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  • Countries None
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