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ANTIGUA-ECONOMY-IMF approves funds for Antigua and Barbuda

WASHINGTON, CMC – The International Monetary Fund (IMF) says it is making available more than US$10 million to Antigua and Barbuda after completing review of the island’s economic performance under a three-year Stand By Arrangement (SBA) indicating also that the economy is showing signs of gradual recovery after three years of being stagnant.
The IMF said it had also approved a waiver of non-observance of the continuous performance criterion on external arrears.

CARIBBEAN-TRADE-CARIFORUM countries examine EPA Standby facility

BRIDGETOWN, Barbados, Apr 12, CMC – Caribbean Forum (CARIFORUM) countries have been urged to take advantage of the standby facility for capacity building under the Economic Partnership Agreement (EPA) that was signed with the European Union in 2008.

Addressing a Caribbean Development Bank (CDB) organised Technical Briefing Meeting on the EPA Standby Facility for Capacity Building, Clairvair Squires, said the facility is intended to assist CARIFORUM states by underpinning national institutional capacities

EDITORIAL - Getting The Economic Ducks In A Row

KINGSTON, Jamaica, Gleaner - THE GOVERNMENT is beginning to get its critical economic pieces in their place. Last week, Finance Minister Dr Peter Phillips tabled an expenditure budget that, taking into the account the effects of inflation, projects spending at more than a fifth less than the previous fiscal year.

Tax Talks - Crucial Meeting Between Finance Ministry, Sector Interests To Discuss Removal Of Waivers

KINGSTON, Jamaica, Gleaner - The Business Processing Industry Association of Jamaica (BPIAJ) is among several interest groups scheduled to meet with tax administrators at the Ministry of Finance and Planning today to discuss the likely impact the removal of tax incentives could have on their members.

"Yes, we have been invited to a meeting in Kingston," Yoni Epstein, chairman of BPIAJ, told The Gleaner yesterday. "We are working assiduously to prepare our presentation and would prefer not to comment on the matter until we hear what they (the Ministry of Finance) have to say."

Gov’t Focuses On Renewable Energy For Smaller Hotels

KINGSTON, Jamaica, Gleaner - Some $15 million has been set aside in the 2013-14 Estimates of Expenditure, now before the House of Representatives, to improve the competitiveness of small and medium-size hotels through the use of renewable energy.