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IMF calls on Caribbean to take climate change action

By James Young From BNamericas The IMF issued a call for Caribbean nations to bolster insurance protection and resilience infrastructure in the face of therising risk of natural disasters with climate change. “As global warming continues to increase sea-water temperatures, the Caribbean isbecoming more vulnerable to…

The View from Europe: A new approach to tourism analysis is long overdue

By David Jessop From Dominican Today Since the mid-2000s the ability of the Caribbean tourism sector to  generate rapid economic growth has been widely accepted by international financial institutions such as the IMF, World Bank and the Inter-American Development Bank….

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St Kitts-Nevis government blocks publication of IMF report

From Caribbean News Now WASHINGTON, USA — According to a statement published by the International Monetary Fund (IMF), the authorities in St Kitts and Nevis have blocked the publication of the latest IMF staff report and the related press release….

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Trade war escalation will hit China harder than the US, IMF says

By John Carter From South China Morning Post A further escalation of the trade war between the US and China would take a major toll on economic growth in both countries next year, with China the bigger casualty, according to…

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Argentina receives the largest loan package ever from the IMF At $57.1 billion

From WN Argentina received the biggest loan package ever from the International Monetary Fund on Wednesday to help restore the country’s financial systems with $57.1 billion which will be distributed over the next three years, according to The Guardian. Argentina…

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Bahamas PM uses Haiti unrest to explain VAT hike

By Travis Cartwright-Carroll Nassau Guardian From Caribbean News Now NASSAU, Bahamas — As he defended his administration’s increase in value-added tax (VAT) from 7.5 percent to 12 percent, Bahamas Prime Minister Dr Hubert Minnis pointed to recent riots in Haiti…

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Sir Ronald Sanders: Caricom skin in the Haiti game

By Sir Ronald Sanders From jamaica Observer Haiti’s current fiscal problems that led to four days of riots, setting back the country’s already fragile economic and political stability, have implications for Caribbean Community and Common Market (Caricom) countries that cannot…

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IMF staff concludes visit to Jamaica

From Caribbean News Now KINGSTON, Jamaica — An International Monetary Fund (IMF) staff team led by Uma Ramakrishnan visited Kingston from June 11 to 15, 2018, to take stock of progress on Jamaica’s economic reform program supported by the IMF’s…

Sir Ronald Sanders: For a change – Welcome World Bank advice

By Sir Ronald Sanders Attending a World Bank meeting on April 16, I was shocked to hear a senior official of the organization say that, in addressing fiscal deficits, Latin American and Caribbean (LAC) countries should not make “shock adjustments”….

UN financing forum sees focus on debt relief for vulnerable Caribbean nations

By Amy Lieberman From devex UNITED NATIONS — Concern over debt vulnerability and risks for small island developing states in the Caribbean, likely set to face another strong hurricane season this year, guided an emerging consensus for action at the…