Business

Caribbean Has Lowest savings rate in the World

Jamaica, and the wider Caribbean share some of the lowest savings rates worldwide, says Earl Jarrett, General Manager, Jamaica National Building Society. He adds that that this low rate is linked to the public’s generally limited access to financial services and the lack of a cultural emphasis on saving. “Jamaica needs to urgently address the …

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Trinidad and Tobago's Minister of Planning and the Economy Dr. Bhoe Tewarie.

Trinidad & Tobago Economy Turns Corner Says IMF

Recording a tenfold increase in inflation between August 2011 and January 2012, the economy of Trinidad and Tobago is in recovery and should see growth after a three year slowdown, the International Monetary Fund has reported. “Real economic activity is expected to increase by 1.7 percent in 2012 as the non-energy sector picks up momentum with …

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Jamaica’s Economy Slides in 2011 IMF Reports

Jamaica’s fiscal performance deteriorated in 2011 because of delays in the implementation of an agreed structural reform program, a just concluded International Monetary Fund (IMF) mission to the island has reported. “Recent macroeconomic developments have been mixed,” Luis Breuer, the Fund’s mission chief for Jamaica said in the statement after the mission. “Following three consecutive …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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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Debt Before Dishonour – St Kitts Defaults as it Restructures

The credit rating of St Kitts and Nevis, the smallest independent state in the hemisphere, took a hit when it defaulted on a bond payment the end of November. The administration of Prime Minister Denzil Douglas, in the midst of developing a debt rescheduling package with the help of London-based consultants, White Oak Advisory, to …

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Mark Lee

About Mark Lee

Editor, author and writer with career spanning print, radio, television and new media.

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