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JAMAICA-ECONOMY-Prime Minister urges sacrifices as Jamaica moves to sign IMF agreement

KINGSTON, Jamaica, CMC – The Jamaica government is urging nationals to accept the stringent measures that will accompany a multi-million dollar Stand By Agreement (SBA) with the International Monetary Fund (IMF) that would include increases taxes and the launch of a national debt exchange offer on Tuesday. In a joint address to the nation on Monday night, Prime Minister Portia Simpson Miller and her finance minister Dr.

JAMAICA-ECONOMY-Finance minister describes negotiations with IMF as “long and hard”

KINGSTON, Jamaica, CMC – Finance Minister Dr. Peter Phillips says the government will introduce a number of measures aimed at improving the local economy as Jamaica moves into an agreement with the International Monetary Fund (IMF) that it says is necessary to shore up the island’s balance of payments position and provide access to other multilateral sources of funds.

The importance of maintaining hope

KINGSTON, Jamaica, Observer - WHATEVER the prime minister and her finance minister tell the nation later today, we can be very certain that it will require even more sacrifice and hardship. We already know that an International Monetary Fund (IMF) programme — deemed by economic experts as absolutely necessary if Jamaica is to stabilise its economy and ultimately achieve sustainable economic growth — will demand more cost cutting.

HIV Testing Should Be Voluntary, Employers Warned

KINGSTON, Jamaica, Gleaner - THE WHITE Paper for the national workplace policy on HIV/AIDS has been tabled in Parliament, further paving the way for the establishment of enforcement mechanisms to protect the rights of persons infected or affected by the illness. The paper, which was laid on the table of the Senate on Friday, is intended to give legislative expression to an occupational safety and health act, which the Government says will soon be enacted.

JLP warns Gov’t it must sacrifice too What’s good for the goose

KINGSTON, Jamaica, Observer - AS the Government prepares to update the nation tonight on the pending International Monetary Fund (IMF) loan agreement, Opposition Leader Andrew Holness has warned the Portia Simpson Miller-led Administration that it must prepare to sacrifice as much as it intends to ask of Jamaicans. "For 50 years we have been asked to sacrifice, and again the people of Jamaica will be asked to sacrifice, but will the sacrifice ever yield any success?" asked Holness.

Top researchers win big at UWI

KINGSTON, Jamaica, Observer - THE University of the West Indies (UWI) on Friday awarded its researchers for making last week's 14th staging of the UWI Research Days a success. At least six researchers were awarded for their work that continues to promote the University as the research nucleus of the Caribbean. Among those awarded were Dr Andre Coy, whose book, Emulating Human Speech Recognition; A Scene Analysis Approach to Improving Robustness in Automatic Speech Recognition, was named best research publication from the Faculty of Science and Technology.

Snow Storm Forces Cancellation Of CAL Flights

KINGSTON, Jamaica, Gleaner - The Trinidad and Tobago-based Caribbean Airlines (CAL) Friday cancelled a number of flights to the United States because of a snowstorm that was making its way up the Atlantic coast affecting New York and other cities.
The cancellation is expected to affect a number of nationals who were expected for the Carnival celebrations that climax with street parades and jump-up tomorrow.

IMF announcement tonight

KINGSTON, Jamaica, Observer - PRIME Minister Portia Simpson Miller and Finance Minister Dr Peter Phillips will update the nation on the status of negotiations with the International Monetary Fund (IMF) in a joint broadcast tonight. They are also expected to outline Jamaica's revised economic programme and reform measures. The joint broadcast comes in the wake of the visit last Tuesday of the IMF staff mission to Jamaica when further talks were held in an effort to conclude a new agreement between the parties.

US visa bribery probe deepens in Jamaica

(Jamaica Observer) A senior security official who worked in the US Embassy in Kingston is expected to be charged soon for his alleged role in helping the manager of a popular Jamaican entertainer obtain a US visa to leave the island in the face of legal troubles, according to highly placed law enforcement sources.

‘Butch’ Stewart cautions Jamaicans against sitting and waiting for an IMF deal

(Jamaica Observer) Gordon ‘Butch’ Stewart yesterday urged Jamaicans to stop sitting around waiting for an International Monetary Fund (IMF) deal and to get on with the job of moving Jamaica forward through export earning. “We are all sitting around waiting for an IMF deal to draw down on funds from various sources. All that represents is borrowing, borrowing, and more borrowing,” the business mogul said.

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