Abeng News

Mark Lee
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Progress in St Kitts Talk with Creditors – IMF

The International Monetary Fund (IMF) has spoken positively about steps being taken by the St Kitts and Nevis government to address a debt problem that led to the country defaulting on a domestic bond that became due on November 25. An IMF mission to the twin island federation November 28 – December 12, to undertake the …

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Siemens Makes US$38-million Software Grant to Jamaican University

The Faculty of Engineering and Computing, University of Technology, Jamaica (UTech), has received a software grant with a commercial value of US$38.85M (JA$3.4B) from Siemens PLM software, a business unit of the Siemens Industry Automation Division and a provider of product lifecycle management (PLM) software and services. The presentation by Leecorp Ltd, the local representative, …

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IMF, UWI to Examine Caribbean Challenges

The University of the West Indies (UWI), the Central Bank of Barbados and the International Monetary Fund (IMF) will hold a conference, Caribbean Policy Challenges After the Global Crisis, and a student Town Hall meeting in Bridgetown, Barbados January 27-28, 2011. These events focus on economic and social challenges facing the region and seek to deepen …

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IMF Approves US$93.9 Million Disbursement for Jamaica

The Executive Board of the International Monetary Fund (IMF) has concluded the first review of Jamaica’s economic performance under a Stand-By Arrangement (SBA), enabling the immediate disbursement about US$94 million), bringing total disbursements under the arrangement to about US$705, it was announced Wednesday (June 23). Jamaica has performed very well under the program. All quantitative …

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IMF Approves $117.8 Million Loan for Antigua and Barbuda

Against the background of the global economic crisis, the International Monetary Fund (IMF) has approved a $117.8 million loan to support the Antigua and Barbuda’s plan to recover from mounting government debt, weak economic growth, and the effects of the economic crisis. The global lender announced June 8 that the money will help Antigua and …

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Jamaica lands $500M China Deal

The governments of Jamaica and China have signed agreements valued more than US$500 million, a release from the office of the island’s prime minister said Thursday. The agreements cover the construction of affordable housing, road repair and rehabilitation as well as shoreline protection and rehabilitation on the Palisadoes roadway which links the island’s main airport …

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Jamaican PM Golding Brief’s Parliament on Haiti

As the world turns from grief to bickering over the response to the devastation of Haiti by the magnitude 7.3 earthquake January 12, Jamaica’s prime minister, Bruce Golding on Tuesday briefed his parliamentary colleagues on the island’s and the Caribbean Community’s (CARICOM) roles in alleviating the suffering people of their neighbour.

Following is the full text of his presentation:

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Lifeline To A Sinking Caribbean

A small party in Barbados is taking regional governments and political parties to task over their response to the impact of the global economic crisis on the Caribbean. The People’s Empowerment Party (PEP), headed by David Comissiong fingers the political leadership in Barbados, Jamaica and Trinidad and Tobago for their lethargic response  to a PEP …

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CARICOM’s Existence Threatened – Golding

The existence of Caricom (the Caribbean Community), the only organisation dedicated to the economic interests of the Caribbean countries, is at risk, Jamaica’s Prime Minister Bruce Golding has cautioned. “There are a number of things that are happening now that are destabilising and threatening the existence of Caricom,” he declared at the launch of Export …

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Caricom Countries Must Get Going on EPA – Golding

Prime Minister Bruce Golding says Jamaica and the rest of the Caribbean need to be liberated from the nostalgia of an era of protective market when they could punish their consumers as they chose, by shutting their borders so that foreign goods could not easily come in and consumers were condemned to substandard products. ‘We …

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