By Gregory September In a continent where sovereign debt rarely shrinks ahead of schedule, Mozambique has done something that 85 countries with outstanding International Monetary Fund...
By Martin Mpukani After years marred by debt distress, energy shortages, and climate shocks, Zambia is emerging as one of Africa’s most compelling turnaround stories. The...
By Ryan Elcock During a recent conversation with my long-time colleague Len Carby, we discussed my article, “A Strategic Roadmap for the Caribbean: Maximizing Opportunities in...
By Gregory Simpkins When we read articles about the economic health of countries, we often encounter one recurring item: Gross Domestic Product (GDP). It supposedly describes...
Jamaica’s Finance Minister, Nigel Clarke, announced that he will resign as Member of Parliament for St. Andrew North Western, officially ending his term as finance minister...
Reuters | The International Monetary Fund (IMF) on Monday named Jamaican Finance Minister Nigel Clarke to a top post at the agency, after the official spearheaded...
By Gregory Simpkins In the United States, the annual struggle over exceeding the debt limit has begun early. Republicans in the House of Representatives pledge to...
Reuters | Ghana is committed to managing its debt without assistance from the International Monetary Fund (IMF), Finance Minister Ken Ofori-Atta said, expressing his confidence that...
The Nigeria Country Risk report which has been released by Fitch Solutions has projected the West African country’s economy to grow by 2.8 percent in 2022....
Professors from 3 leading British universities say International Monetary Fund (IMF) policies favoring international debt repayment over social spending contributed to the Ebola crisis by hampering...
The International Monetary Fund (IMF) has urged the new Malawi government to implement policies that support economic recovery and also lower inflation. Opposition leader, Peter Mutharika,...
The International Monetary Fund (IMF) says preliminary data for Haiti’s first half 2014 fiscal year suggest that economic activity, measured by Gross Domestic Product, advanced in...
Preliminary data from the International Monetary Fund (IMF) for Haiti’s first half 2014 fiscal year suggests that economic activity, measured by gross domestic product (GDP), advanced...
Africa is “taking off” with strong, steady growth but poverty is unacceptably high so that governments need to build infrastructure and institutions and educate people to...
The rapid growth rates experienced in sub-Saharan Africa since the 1990s – which defied expectations and proved resilient through the financial crisis are not sustainable going...
The St. Vincent and the Grenadines government is seeking more than six million US dollars in emergency financing from the International Monetary Fund (IMF), Prime Minister...
A tight budget, public sector reform and the implementation of major projects, are some of the challenges that Finance Minister Dr Peter Phillips says Jamaicans will...
Uganda’s economic growth should accelerate to just above 6 per cent in the next fiscal year through June 2015. This was despite the risk of reduced...
The International Monetary Fund, IMF, on Tuesday said Botswana witnessed a faster economic growth in 2013 due to improved mining sector performance. Lamin Leigh, the Head...
Investment in infrastructure and natural resources will continue to underpin economic activity in sub-Saharan Africa. However, capital outflows sparked by tighter global financial conditions pose a...
The International Monetary Fund’s first review of Sierra Leone’s economic program concluded that the country is making good progress. This follows after the IMF approved a...
With focus shifting away from developed markets, Africa’s emerging markets brim with opportunities and potentials capable of sustaining continuous economic growth and high yield for investors....
Ghana’s economy grew 5.5 percent in 2013, less than the 8 percent targeted by the government, the International Monetary Fund said on Wednesday. The 2013 fiscal...
New oil legislation will give Angola’s currency and banks a boost, but for some, non-performing loans are spreading at an alarming rate. Banks in Angola are...
According to the IMF, Jamaica has met all its quantitative targets paving the way for a draw down of US$71 million. The announcement was made on...
Grenada’s Economic Affairs Minister, Oliver Joseph, advised that the Grenada government will sign the Letter of Intent to implement the International Monetary Fund (IMF) backed home...
The old colonial capital of Luanda is being reborn. Work is well advanced on the new multibillion-dollar international airport. Rows of luxury skyscrapers are under construction:...
The International Monetary Fund (IMF) is predicting economic growth as high as three percent for St Kitts-Nevis in 2014. An IMF mission Friday ended a three-day...
Latest preliminary data from the International Monetary Fund (IMF) have revealed that Haiti has registered gross domestic product (GDP growth) of 4 percent in the 2013...
(Reuters) – Sub-Saharan Africa’s economic growth is expected to increase to 6 percent in 2014, from 5 percent this year, supported by investment in infrastructure and...
Grenada is preparing to lower the income tax threshold and make new efforts to catch tax dodgers. The Caribbean nation’s state-run news agency said Sunday that...
By Nicholas Norbrook Governments across the continent are looking for new development models after the policies of privatization and liberalization seem to have run their course....
Jamaican Prime Minister Portia Simpson-Miller (r), accompanied by Chinese Premier Li Keqiang, inspects a guard of honor at the Great Hall of the People in Beijing,...
Jamaica is celebrating its 51st anniversary of political independence from Britain, Tuesday, with the island-nation lauding the achievements in sports, education, and the creative arts while...
Following a four-year contraction in economic activity in St. Kitts & Nevis, signs of an economic recovery are now emerging. According to a report data provided...
Jamaica is particularly exposed to higher borrowing costs because of financing needs in the financial years 2015 and 2015 following the US$932 million International Monetary Fund...
The Spencer administration in Antigua & Barbuda, has revealed that it does not have any intention of re-engaging the International Monetary Fund (IMF), even after the...
Moody’s Investors Service – a major international credit rating agency has revealed that three bond restructurings in the Caribbean this year, totaling about US$9.7 billion, have...
The Barbados government has described as “malicious and unfounded” reports that the island-nation has held talks with the International Monetary Fund (IMF). Finance and Economic Affairs...
The International Monetary Fund (IMF) says Caribbean countries will experience economic growth of just over 1 percent this year – and this even as the Caribbean...
The International Monetary Fund (IMF) Wednesday said it had approved US$932.3 million loan under its Extended Fund Facility (EFF) for Jamaica. The four-year extended fund facility...
The International Monetary Fund (IMF) says the Caribbean and African countries dubber “low-income countries” are among the fastest-growing economies in the world, but warn that many...
Africa, with its improved economies, can contribute to global growth for the first time in history, African finance ministers said on Saturday in Washington. “Africa is...
The changing fortunes of Africa has become a theme of investment conferences, magazine covers, and the just concluded summit of the BRICS (Brazil, Russia, India, China...
A major international credit rating agency says the liquidity crisis leading to Grenada default on its US and Eastern Caribbean (EC) dollar bonds is “credit negative”...
Two of the biggest trade unions in Jamaica have signed a contract with the government to freeze wages for state workers for three more years. The...
Standard & Poor’s (S&P) has raised Jamaica’s foreign and local currency sovereign credit ratings to “CCC+” and out of default. The move comes after the completion...
By Ryan Elcock Yesterday, I was enjoying the third season of Spartacus: War of the Damned; rightfully called so because even though Spartacus was victorious in...
Jamaican Prime Minister Portia Simpson-Miller Jamaica’s political and business community Tuesday gave a cautious response to the call by Prime Minister Portia Simpson-Miller for nationals to...
The finance minister of Jamaica says negotiations to forge a new agreement with the International Monetary Fund (IMF) are nearly complete. But Peter Philips says there...
Jamaican Prime Minister Portia Simpson-Miller Jamaican Prime Minister Portia Simpson-Miller says it is “necessary” for Jamaica to secure an agreement with the International Monetary Fund (IMF)...
The government of St. Lucia has indicated that while it is anxious to bring closure to the wage and salary negotiations involving public servants, it will...
WASHINGTON (CMC):An International Monetary Fund (IMF) working paper says since growth in the current global economic environment is "virtually non-existent", significant fiscal consolidation is inevitable in...
In her message to mark the start of 2013, Simpson Miller sought to assure Jamaicans that her administration will adhere to sound macro-economic policies.
As the value of the Jamaican dollar continues decline, members of the private sector have voiced concern about the possible implications for the country. On Wednesday,...
Governor of the Barbados Central Bank., Delisle Worrell. PHOTO/FP (Barbados Nation) – Barbados Central Bank Governor Dr DeLisle Worrell has gone head-to-head with the International Monetary...
Jamaican Prime Minister Portia Simpson-Miller has revealed that her administration is now discussing a draft Letter of Intent that will embody its commitments during the period...
Standard & Poor’s (S&P) this week raised the short-term sovereign credit rating on Jamaica to “B” from “C.” The ratings firm also affirmed its “B-” long-term...
(Reuters) – Jamaica is in advanced talks with the International Monetary Fund (IMF) on a new lending agreement and another round of discussions aimed at hammering...
The World Economic and Financial Survey 2012 from the International Monetary Fund (IMF) released earlier this week, indicates that global growth has increased to 3.6 percent...
Barbados and its citizens do not want a devaluation of their currency and Governor of the Central Bank of Barbados, Dr DeLisle Worrell has delivered that...
By Emmanuel Musaazi China has become the new cash cow on the block. Money from China is being sought worldwide and countries are lining up bowl...
St. Lucia Prime Minister Dr. Kenny Anthony. PHOTO/File St. Lucia Prime Minister Dr. Kenny Anthony has warned that his administration intends to take strong and brave...
The launch of the BRICS development bank in South Africa would provide Africa, the Caribbean and other emerging countries an alternative to the Western dominated Bretton...
South Africa’s US$ 2 billion commitment to the International Monetary Fund (IMF) emergency resources fund a sign of the country’s ability to assist in efforts to...
Despite an austerity budget and the initial stabs at tax reforms, Jamaica is unlikely to conclude an economic support agreement with the International Monetary Fund (IMF)...
By Kevin Edmonds As part of her election campaign, Prime Minister Portia Simpson-Miller of Jamaica announced her intention of breaking ties with the British monarchy and...
(Reuters) – Citizens of Kenya residing abroad sent home US$106.2 million in March, the highest monthly amount since the central bank started releasing data on the...
Barbados Prime Minister., Freundel Stuart Barbados is holding its own and intends to successfully weather the global downturn, Prime Minister Freundel Stuart told members of the...
Caribbean economies are expected to grow in 2012 and 2013, according to the Washington-based International Monetary Fund (IMF). It says the Caribbean is “on a glide...
Ngozi Okonjo-Iweala. PHOTO/Yuri Gripas/Reuters The Nigerian challenger to head the World Bank congratulated Korean-American physician Jim Yong Kim on his appointment to the post on Monday,...
Nigeria Finance Minister., Ngozi Okonjo-Iweala. PHOTO/File South Africa’s finance minister, appearing braced for disappointment when the World Bank chooses a new leader later Monday, said he’ll...
While Jamaica saw positive gross domestic product (GDP) growth in 2011, following three consecutive years of decline, its recovery remains “fragile,” according to the International Monetary...
U.S. President Barack Obama. PHOTO/File President Barack Obama will nominate Dartmouth College President Jim Yong Kim to head the World Bank, a surprise pick for the...
Ngozi Okonjo-Iweala. PHOTO/Eric Feferberg/Getty Images Nigeria’s finance minister Friday joined the race for the top World Bank job, backed by Africa’s leading economies in a push...
Ngozi Okonjo-Iweala. PHOTO/Eric Feferberg/Getty Images Nigeria Finance Minister Ngozi Okonjo-Iweala is not pursuing the World Bank’s top job, her spokesman said Wednesday, amid reports that her...
Haiti’s economy has as a favourble outlook, and continues to recover, though economic and political risks remain, according to the International Monetary Fund (IMF). The IMF’s...
(Bloomberg) — Jamaican Prime Minister Portia Simpson-Miller said the Caribbean island would benefit from a Greek-style bailout as it negotiates a new loan agreement with the...
(Bloomberg) — Inflation in East Africa may slow this year as food prices ease, while rising oil costs will probably boost imports and widen trade deficits,...
(The Gleaner) – International ratings agency Fitch has maintained Jamaica’s B- grade on its likelihood to honor local and foreign debts. However, Fitch is raising grave...
The World Bank‘s newly-appointed vice president for Latin America and the Caribbean, Hasan Tuluy, is to begin a two-day visit to Haiti on Wednesday, his first...
(Reuters) – African countries can prepare for the impact of the euro-zone crisis that threatens to derail economic growth on the continent by improving trade between...
They call the Third World the lazy man’s purview; the sluggishly slothful and languorous prefecture. In this realm people are sleepy, dreamy, torpid, lethargic, and therefore...
Jamaica and the International Monetary Fund (IMF) expect to begin negotiations in the coming weeks on a new deal as grim economic forecasts pose significant dangers...
The International Monetary Fund (IMF) has suggested that the government of Barbados should raise more money from tax in reviewing its medium-term fiscal strategy, aimed at...
(Reuters) – Angola does not plan to request a new loan from the International Monetary Fund (IMF) after the end of its US$1.4 billion standby agreement...
IMF Head Christine Lagarde (l) with South Africa’s President Jacob Zuma. PHOTO/Reuters It was a hot summer day when Christine Lagarde, the head of the International...
Jamaica’s new government is restarting talks with the International Monetary Fund (IMF). A statement from the finance ministry said an IMF delegation will visit Jamaica starting...
Former Governor of the Central Bank Derick Latibeaudiere believes the new People’s National Party (PNP) administration should seek an extended fund facility instead of a new...
The old pessimistic paradigm of Africa’s development is outdated, but some valid elements cannot be dismissed if economic growth is to be pursued on the continent,...
A proposed set of reforms could provide the Bank of Jamaica (BoJ), with more powers with respect to institutional responsibility for financial stability in Jamaica. The...
(Reuters) – The International Monetary Fund (IMF) hailed the medium-term outlook for Ghana’s oil-fueled economy as positive on Monday, but warned it would have to rein...
The International Monetary Fund said it was still positive about the growth outlook for Sub-Saharan Africa as economies expand output in areas like mining but warned...
(Barbados Nation) A two-year wage freeze in the Public Service and immediate cuts in Government spending form part of a new International Monetary Fund (IMF) prescription...
The governments of caribbean nations need to act decisively to reduce on the high public debt (which amounts to 9 percent of GDP) and to deal...
The International Monetary Fund (IMF) resident representative in Kingston, Dr. Gene Leon has revealed that Jamaica is not moving quickly enough to effect necessary reforms under...
The outstanding issues that have stalled the country's loan arrangement with the International Monetary Fund (IMF) will be ironed out before the end of the year.This...
Jamaica’s economic situation has not reached a crisis level that could jeorpardize the country’s Stand-by Agreement with the International Monetary Fund (IMF). Prime Minister Golding (pictured),...
The passage of the First Supplementary Estimates in Parliament will not guarantee a stamp of approval for the country’s economic programme by the International Monetary Fund...
The Finance Minister gives that assurance as two IMF reviews have been postponed pending the resolution of certain issues.
Economic recovery in the Caribbean from the global financial crisis is lagging, says Central Bank Governor Ewart Williams. This most recent slide, he observed, was part...
