International Monetary Fund

 

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    Jan. 26, 2012 - The St. Kitts and Nevis’ economy is estimated to have remained flat in 2011 after two years of contraction, but the outlook remains favorable supported by Foreign Direct Investment-related construction projects and an improvement in tourism activities.

    Kingston - Jan. 25, 2012 - The just concluded five-day preliminary talks between the Government and the International Monetary Fund (IMF) have resulted in greater understanding of the priorities of the administration, and provided an updated assessment of the country’s current economic position, setting the stage for early negotiations of a new Fund programme.


    Presentation on Western Hemisphere Fall 2011 - "Regional Economic Outlook: Shifting Winds, New Policy Challenges"; Western Hemisphere Department International Monetary Fund; Barbados, October 13, 2011


    Bridgetown - Oct. 14, 2011 - Recovery in much of the Caribbean, including Barbados remains weak. This is the view of David Vegara, Deputy Director, Western Hemisphere Department of the International Monetary Fund (IMF). He also outlined that while prospects are better for mineral-rich countries, with Suriname and Guyana benefiting from record gold prices, expansion in tourism-based economies such as Barbados are expected to see a lower growth rate than previously projected.

    July 29, 2011 - The Executive Board of the International Monetary Fund (IMF) has approved a three-year Stand-By Arrangement (SBA) for an amount equivalent to SDR 52.51 million (about US$84.5 million) with St. Kitts and Nevis.

    July 20, 2011 - Montserrat has a number of promising opportunities to enhance its growth prospects.


    Washington -- March 5, 2011 -- Despite external and domestic shocks, the Guyanese economy demonstrated resilience and registered a fifth consecutive year of robust growth in 2010


    March 1, 2011 -- The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of an amount equivalent to SDR 2.075 million (about US$3.26 million) under the Rapid Credit Facility (RCF) for St. Vincent and the Grenadines to help the country manage the economic impact of Hurricane Tomas.



    Washington -- Feb. 8, 2011 -- After 15 years of positive growth, Trinidad and Tobago was hit hard in 2009 by the global financial crisis, the fall in energy prices, and the collapse of a large financial conglomerate.


    Washington -- Feb. 3, 2011 -- Caribbean countries, saddled with high debt levels and badly affected by the global economic crisis, need to reduce debt and develop new sources of growth to enhance their prospects, according to participants at a regional conference convened to explore the Caribbean’s challenges and policy options.


    Washington -- Jan. 13, 2011 -- The Executive Board of the International Monetary Fund (IMF) today approved a combined SDR 5.36 million (about US$8.19 million) in emergency assistance for St. Lucia to cope with the economic consequences of Hurricane Tomas.


    Washington - Oct. 21, 2010 -- For many countries of the Caribbean, recovery has begun only recently, and growth will be limited by the only gradual pickup of external demand, especially for the tourism intensive countries.


    July 21, 2010 -- The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).


    Washington -- July 19, 2010 -- Antigua and Barbuda’s economy is experiencing its worst recession in decades.

    MONTEGO BAY, Jamaica, July 5, 2010 -- Jamaica's Prime Minister Bruce Golding and International Monetary Fund Managing Director Dominique Strauss-Kahn met today at the CARICOM summit at Rose Hall Resort in Montego Bay, Jamaica.

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