Tag Archives: International Monetary Fund (IMF)

Guyana: Local economy can expand by 86% in 2020 – IMF

DPI, Guyana, Monday, November 4, 2019 – GovernmentMinistry of Finance,

Guyana can see its economy grow by a further 86% next year after expanding by 4.4% this year, according to the International Monetary Fund (IMF). That is 14 times the projected pace of China and driven by ExxonMobil’s discovery and production of oil.

“We’re moving from a very low base to a stratospheric leap,” Minister of Finance Winston Jordan said in an invited comment.

While Guyana’s annual gross domestic product (GDP) is $4 Billion, it will expand to about $15 Billion by 2024, according to the IMF.        Continue reading

Devaluation? Barbados’ Finance Minister Says Currency Safe

What Devaluation? Barbados’ Finance Minister Says Currency Safe

    OCTOBER 13, 2016

new-bdos-moeny

FINANCE MINISTER CHRIS SINCKLER SAYS THE BARBADOS DOLLAR REMAINS STABLE EVEN IN A WORLD OF CURRENCY VOLATILITY AND IT SHALL AND REMAIN SO FOR SEVERAL GENERATIONS TO COME.

BRIDGETOWN, Barbados, Thursday October 13, 2016 – Minister of Finance Chris Sinckler has sought to dismiss anxieties that Barbados would be forced to devalue its currency,  (US$1 = $2BDS),  and enroll in an International Monetary Fund (IMF) programme to address the country’s fiscal challenges.  Continue reading

Why China’s slowdown matters – BBC World Service

Why China’s slowdown matters

The World Bank and A Changing World – By David Jessop

The World Bank and A Changing World

 By David Jessop

 the-world-bankNews Americas, LONDON, England, Tues. April 14, 12015: It is probably true to say that the average person has little idea what international financial institutions like the World Bank or International Monetary Fund (IMF) do, beyond knowing that they are in some way responsible for having governments impose tough austerity measures and conditions in return for their support.

Notwithstanding, a related issue with wide implications is emerging that warrants close attention in the Caribbean: this is the establishment of what many regard as a future rival to the World Bank in the form of the Chinese-led Asian Infrastructure Investment Bank (AIIB) with a likely different philosophy. Continue reading

Barbados layoffs: “a gloomy time for CARICOM” – Sir Ronald Sanders

Barbados layoffs could be beginning of a gloomy time for CARICOM

imageWhile the economic recession that began in late 2008 has abated in North America and Europe, its effects have been prolonged in those Caribbean countries whose economies are highly reliant on services, the principal one being tourism says Sir Ronald Sanders
Sir Ronald Sanders
BRIDGETOWN, Barbados, Thursday Decemeber 19, 2013 – The announcement on Friday 13 December by the government of Barbados that it will lay-off over 3,000 public servants in January as a first step in cutting back government expenditure and reducing national demand for goods and services has rightly rattled other Caribbean Community (CARICOM) members.  Concern has been greatest in neighbouring Eastern Caribbean countries, particularly the six independent ones that, with the British overseas territory, Montserrat, form the Organization of Eastern Caribbean States (OECS).    Continue reading
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