International Monetary Fund

 

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    IMF Mission and Antigua and Barbuda Reach Agreement in Principle on US$125 Million Loan


    March 18, 2010 -- “The Antiguan authorities and an IMF staff mission have reached agreement on a program that the mission will recommend the IMF support through a Stand-By Arrangement (SBA) for SDR 81 million (about US $124 million) over 36 months.

    Jamaica: IMF Executive Board Approves US$1.27 Billion Stand-By Arrangement with Jamaica


    Kingston -- Feb. 5, 2010 -- The Executive Board of the International Monetary Fund (IMF) Feb.4 approved a 27-month Stand-By Arrangement with Jamaica in the amount of SDR 820.5 million (about US$1.27 billion) to support the country’s economic reforms and help it cope with the consequences of the global downturn. A disbursement of SDR 414.3 million (about US$ 640 million) will become available to Jamaica immediately.

    IMF Staff and Jamaica Reach Broad Agreement on the Key Elements of US$1.3 Billion Loan


    Kingston -- Dec. 17, 2009 -- The Jamaican authorities and an IMF staff mission have reached agreement on the key elements of a program that the IMF would support with a loan under a Stand-By Arrangement (SBA).

    Suriname-2009 Article IV Consultation Concluding Statement of the IMF Mission


    Nov. 2, 2009 -- Faced with a sharp output decline in the alumina sector, combined with lower alumina and oil prices, economic growth is expected to slow to 2½ percent in 2009, down from an estimated level of 6 percent in 2008.

    Caribbean Recovering from Effects of Global Crisis, but Policy Challenges Remain, IMF Report Says


    Washington -- Oct. 23, 2009 -- The global crisis had a substantial impact on the Latin American and the Caribbean (LAC) region, but the worst is over for most countries, according to the International Monetary Fund (IMF) in its latest new Regional Economic Outlook – Western Hemisphere report, launched today in São Paulo, Brazil.

    IMF Concludes 2009 Discussion on Common Policies of Member Countries of the Eastern Caribbean Currency Union


    May 22, 2009 -- In the face of a weak and volatile external environment, economic activity in the ECCU has faltered, and the ECCU has entered a recession.

    IMF Says Caribbean and Latin America Will Recover More Quickly from the Global Crisis Compared to Advanced Countries

    Washington -- May 6, 2009 -- The impact of the global recession on the Latin America and Caribbean (LAC) region has been severe and wide-ranging, but the region is now better positioned to weather the current downturn and is expected to emerge from the financial crisis earlier than the advanced economies, according to the latest Regional Economic Outlook: Western Hemisphere report of the International Monetary Fund (IMF).

    IMF Concludes 2nd Review/PRGF Arrangement with Grenada; Approves US$3.66 Million Disbursement

    Washington -- Dec. 13, 2008 -- "The government will introduce a VAT at an appropriate date so as to allow time for thorough preparation. Passage of the VAT and excise tax laws with effective tax rate and exemption structures will be key..."

    Caribbean Growth Dampened by Global Downturn - IMF

    Dec. 13, 2008 -- IMF Managing Director Dominique Strauss-Kahn warned that the combination of financial stress and lower or negative growth in advanced countries is increasingly impacting emerging economies—particularly countries like Jamaica that need sustained access to capital markets.

    Barbados: Statement by an IMF Mission to Barbados


    Feb. 26, 2010 -- Fiscal consolidation seems to be the appropriate strategy. Reducing government spending, increasing tax collection efficiency, and broadening the tax base would support the exchange rate regime and improve the government’s balance sheet.

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