October 16, 2021

Partnerships between Caribbean and U.S. banks is growing

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BY TREVOR ALLEYNE AND KRISHNA SRINIVASAN International Monetary Fund’s Western Hemisphere Department From Miami Herald Caribbean countries were blindsided about two years ago, by a serious threat to their economies from the loss of correspondent banking relationships (CBRs), more colloquially termed de-risking. They urged the Washington-based multinational institution, the International Monetary Fund (IMF), to help […]

IMF promises to help Caribbean build resilience including risk mitigation, debt management

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From Nation News WASHINGTON – The International Monetary Fund (IMF) says it is acutely aware of the urgent need to assist the Caribbean countries to build resilience, particularly in the context of the recent hurricanes that swept through the Lesser Antilles killing scores of people and leaving billions of dollars in damage. “And we stand […]

Caribbean church leaders campaign for debt relief after hurricanes

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From Catholic News Service Caribbean church leaders campaign for debt relief after hurricanes In the wake of one of the most disastrous hurricane seasons in history, the proposal to cancel or restructure debts for small islands has gained new traction, propelled by Catholic leaders, religious charities, and Caribbean politicians trying to rebuild after hurricanes that […]

Alejandro Werner And Krishna Srinivasan: Restoring strong growth to Caribbean

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From Jamaica Gleaner Economic and social outcomes in Caribbean countries following their independence were impressive. Per-capita incomes rose sharply, poverty declined, and impressive strides were made in increasing life expectancy, reducing infant mortality, and boosting women’s participation in the labour force. But not all is well in the Caribbean. Since 2000, growth has stalled. Tourism-dependent […]

The Caribbean and SIDS should never borrow or even entertain any talk of IMF loans

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By Timil Didier Nkoli From NAM News Americas, NEW YORK, NY, Fri. Oct. 13, 2017: It is with great insight and understanding I pen this article as a clarion call for Caribbean governments and Small Island Developing States to avoid the financial institutions of Bretton Woods, especially the International Monetary Fund, IMF. Evidence based in […]

IMF Announces an Essay Contest for Students from the Caribbean

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The International Monetary Fund (IMF) has invited tertiary-level students in the Caribbean to participate in an essay contest on the theme “ Inclusive and Resilient Growth in the Caribbean.” The contest, which is open to students aged 18 to 25 who are nationals from the English-speaking Caribbean and Haiti, and currently enrolled at any university […]

IMF concludes visit to Barbados

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BRIDGETOWN, Barbados — At the invitation of the authorities, an International Monetary Fund (IMF) team led by Judith Gold visited Barbados from June 20–29 to review recent economic developments and discuss the 2017 budget. At the end of the visit, Gold issued the following statement: “The Barbadian economy continues its recovery on the back of […]

IMF working paper examines energy investments in the Caribbean

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From Jamaica Observer WASHINGTON, United States (CMC) – Caribbean countries where fiscal vulnerabilities remain acute, like Antigua and Barbuda, Dominica and St Lucia, are not well-positioned to finance energy investments through public resources, since these might derail necessary fiscal adjustment efforts and increase risks of debt distress over the medium term, according to a new […]

“Cuba opening up is a fantastic thing for the Caribbean” – Chastanet

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By Miami Herald From St Lucia News Online MIAMI HERALD – You might think other Caribbean tourism destinations would be ready to flip their sandals as Cuba’s tourism numbers continue to climb. International visitors to Cuba last year rose by 13.9 percent to a record 4 million, second only to the Dominican Republic (5.96 million), […]

IMF projects improved growth for Caribbean in 2017

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From WINN St. Kitts and Nevis (WINN): The International Monetary Fund, IMF, is projecting moderate  growth for the Caribbean for 2017. According to Alejandro Werner, Director of the Western Hemisphere Department, the most recent world economic outlook suggests that prospects for the Caribbean region are improving. The Caribbean moved from a projected growth of 3.7% […]