Category: Global

Impending IMF deal bodes well for markets

Posted on by Your Financial FactSheet


Jamaica Observer: “Impending IMF deal bodes well for markets”

Jamaica’s impending return to the International Monetary Fund (IMF) could make it an opportune time to re-examine opportunities in the stock market.


Jamaica Gleaner: “Caribbean economic recovery to lag behind First World’s – Jagdeo”

CARIBBEAN COMMUNITY (CARICOM) Chairman Bharrat Jadgeo has expressed fear that regional nations will take longer than their developed counterparts to recover from the effects of the global economic crisis.


Jamaica Gleaner: “CARICOM proposes new measures for debt relief, loan refinancing”

The Caribbean Community (CARICOM) has announced that it intends to approach multilateral lending agencies with proposals for debt relief and loan refinancing.


Jamaica Observer: “Commercial banks balance appetite for government paper with lending”

Jamaica’s commercial banks have a combined loan portfolio worth J$100 billion more than the value of their combined investment portfolio – a departure from the historial reliance on investment instruments such as Treasury bills – signalling a shift towards rebalancing an appetite for government paper with the core activity of lending.


Jamaica Observer: “Minister Shaw needs a strong team to implement Jamaica’s economic turnaround”

In his presentation to the Roxborough Institute last week, former Jamaican Prime Minister and Finance Minister Edward Seaga correctly noted that Jamaica has been in one continuous crisis of no growth, low growth or negative growth for nearly four decades.

IMF consideration predated global financial collapse – Shaw

Posted on by Your Financial FactSheet


Jamaica Gleaner: “IMF consideration predated global financial collapse – Shaw”

Finance Minister Audley Shaw was warmly applauded in South Miami last Sunday when he told a large congregation of Jamaicans celebrating the nation’s 47th anniversary that the country was again going to borrow from the International Monetary Fund (IMF).


Jamaica Observer: “IMF and the stock market”

Donette Johnson, participant in the Today’s Money Caribbean Masters Competition, talks to us about the IMF and her expectations for the stock market for the remainder of the year.


Jamaica Observer: “Barbados won’t be going to IMF – central bank governor”

BRIDGETOWN, Barbados – Central Bank Governor Marion Williams says she does not anticipate the Barbados government approaching the International Monetary Fund (IMF) anytime soon for assistance in propping up the local economy.

No option – Jamaica returning to IMF – Shaw – No immediate effect on public sector

Posted on by Your Financial FactSheet


Jamaica Observer: “No option – Jamaica returning to IMF – Shaw – No immediate effect on public sector”
FOURTEEN YEARS after the nation ended its borrowing relationship with the International Monetary Fund (IMF), the Government has admitted it has no choice but to return to the multilateral lending agency.


Jamaica Gleaner: “IMF déjà vu”
There was no global economic crisis 32 years ago to shoulder the blame for Jamaica’s economic predicament, but on Tuesday, January 19, 1977, when Prime Minister Michael Manley told the House of Representatives of his administration’s intention to pursue a borrowing relationship with the International Monetary Fund (IMF), his rhetoric closely matched that of the present government.


Jamaica Observer: “Lower interest rates now, not debt restructuring, is the way forward”
Yesterday’s Gleaner editorial, “Debt restructuring now crucial”, outlined very clearly how the Government’s immense borrowing needs “keep interest rates high, crowd out the private sector, limit entrepreneurial activity, stifle job creation and weaken economic growth.”


Jamaica Observer: “Bernanke says Fed can take on supercop role”
WASHINGTON DC, USA – Federal Reserve Chairman Ben Bernanke yesterday fended off congressional scepticism about expanding the Fed’s duties to police big financial companies given the US central bank’s failure to catch problems that led to the financial crisis.