Displaying items by tag: International Monetary Fund

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+'.

September 27, 2019
Published in Business & Economy

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.

February 14, 2019
Published in Business & Economy

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.

February 14, 2019
Published in Business & Economy

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.

October 3, 2018
Published in Business & Economy

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.

October 1, 2018
Published in Business & Economy

BARBADOS | IMF Approves US$290-M Arrangement for B'dos Under the Extended Fund Facility

WASHINGTON, DC, October 1, 2018- The Executive Board of the International Monetary Fund (IMF) has approved a four-year Extended Arrangement under the Extended Fund Facility (EFF) for Barbados for an amount equivalent to SDR 208 million (about US$290 million, or 220 percent of Barbados’s quota in the IMF).

October 1, 2018
Published in Business & Economy

GHANA | IMF says growth prospects for Ghana remains strong amidst Oil and Cocoa production

WASHINGTON, DC, September 27, 2018 - Having conducted the seventh review of Ghana’s economic program supported by the Extended Credit Facility (ECF), an IMF team led by Annalisa Fedelino, visited Accra from September 17-27, reported that “Growth prospects remain strong, supported by robust oil and cocoa production.

September 27, 2018
Published in Business & Economy

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.

July 1, 2018
Published in World Economy

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