Category: Top stories: Local

IMF approves US$49 Million after third review of Jamaica

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Jamaica Observer: “IMF approves US$49 Million after third review of Jamaica”

New York, USA. The International Monetary Fund (IMF) has approved the immediate disbursement of US$49.3 Million to Jamaica under its Stand-By (SBA) arrangement with that country.


Jamaica Gleaner: “Financial sector rescue fund to be wound down – IMF”

The International Monetary Fund (IMF) last Friday completed the third review of Jamaica’s economic performance under the standby arrangement (SBA) and approved the immediate disbursement of US$49.3 million.


Jamaica Observer: “Brace for higher food prices”

Jamaican consumers are being told to brace for higher food prices as the soaring cost of grains on the international market is expected to impact the cost of feeds used in the production of diary, poultry, meats and eggs.

The Past and Present Tense of Money

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Jamaica Observer: “The Past and Present Tense of Money”

The start of a new year usually fills our hearts with optimism and hope for a better future. I’ve always been fascinated by this phenomenon – why should this period inspire us to create lofty resolutions and ambitious declarations? Why do we anticipate that the fading old year will usher in bright beginnings?


Jamaica Observer: “Gov’t commits to pressing banks to reduce charges”

MINISTER of Industry, Investment and Commerce, Karl Samuda says the Government will continue to press banks to reduce unfair and exorbitant service fees, and that the Consumer Affairs Commission (CAC) will expose such practices wherever they are found.

Turning crisis into opportunity: The case for Greece

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Jamaica Observer: “Turning crisis into opportunity: The case for Greece”

Sovereign bonds have long been used by investors to increase their wealth. Many of our investors will remember the days of Brazil sovereign bonds in 1999 and the Russian sovereign bonds around the same period which allowed them to realize sizable capital appreciation in the subsequent years.


Jamaica Observer: “Decline in Ja’s economic activity is slowing”

<As the year draws to a close, it is instructive to examine the country’s economic indicators to assess whether the country is poised for growth.

Jamaica on target with IMF – But concerns raised

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Jamaica Observer: “Jamaica on target with IMF – But concerns raised”

JAMAICA remains on target with its Stand-By Arrangement with the International Monetary Fund (IMF), passing the third quarter test as it did in the previous two.


Jamaica Gleaner: “Grim Days: IMF revises Jamaica’s growth forecast to negative”

The International Monetary Fund (IMF) announced yesterday that it had revised Jamaica’s economic growth target for the current fiscal year to -0.5 per cent.