BOJ cuts rates again – As Gov’t Renegotiates Domestic Debt Repayment


Jamaica Gleaner: “BOJ cuts rates again – As Gov’t renegotiates domestic debt repayment”

The Bank of Jamaica cut rates again Thursday, a week behind its last adjustment, in a move designed to bring down the cost of funds for the Government, analysts said, but they also took it as further evidence of a new agreement on interest rate policy under the borrowing facility being negotiated by Government.


Jamaica Observer: “A masterplan for Jamaica

The Jamaican government’s decision to seek financial aid from the International Monetary Fund (IMF) has put into sharp focus the perilous state of the Jamaican economy and raises the question, where does the country go from here?


Jamaica Gleaner: “Barbados enters recession”

The governor of the Barbados Central Bank says the Caribbean island’s economy is in recession. But Prime Minister David Thompson said his country would not follow Jamaica’s lead and seek help from the International Monetary Fund. (IMF).


Jamaica Observer: “Obama sees the beginning of the end of the recession”

President Barack Obama said Wednesday he sees “the beginning of the end of the recession”, as economic indicators and comments from the Federal Reserve suggested stabilisation after a brutal slump.

Central Bankers Urge Move From Stimulus to Reform


Klapper – BASEL, Switzerland (AP): “Central bankers urge move from stimulus to reform”
The Bank for International Settlements urged governments Monday to move away from “staggering” stimulus packages as the global economy stabilizes and focus instead on reforming the international financial system.


Francis – BusinessWeek: “Financial Regulation: Industry Objections Increasing”
It wasn’t so long ago—against the backdrop of the financial crisis and its aftershocks, amid a tide of popular anger—that financial-industry representatives took pains to acknowledge the need for financial reform, even in their own corners of the sector.

G20 Summit did nothing for the Caribbean…


Jamaica Observer: “G20 Summit did nothing for the Caribbean: Developing countries failed to act collectively”
THROUGHOUT the Caribbean the effects of the global financial meltdown are being seen in a human face – people are losing jobs, many are in danger of losing their homes from unpaid mortgages, and the income support that some received from relatives abroad is dwindling. There is fear and anxiety.

The Global Economy: Threats–and Responses


BusinessWeek, Bovino: The Global Economy: Threats–and Responses
In most regions, inflation has fallen sharply from its 2008 levels, largely on sharp declines in oil prices. Most countries are seeing rapidly falling inflation rates, also known as disinflation.


Jamaica Observer: “Obama urges other nations to take stimulus action”
WASHINGTON, USA (AP) – Just ahead of a major global economic summit, President Barack Obama called for international allies to develop more aggressive steps to jump-start their own economies.