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Ja continuing to court other multilaterals, says Phillips

KINGSTON, Jamaica, Observer - STRAPPED for cash and looking forward to signing a US$958-million loan agreement with the International Monetary Fund (IMF) by month end, the Jamaican Government is continuing to court other multilaterals, Finance Minister Dr Peter Phillips said yesterday.
On Monday the management of the IMF indicated that it will be making the recommendation to the Board that the loan be approved when it meets some time this month. It also indicated its intention to move the initial loan of US$750 million to US$958 million (over four years).

TRINIDAD-POLITICS-Warner says he will not resign

PORT OF SPAIN, Trinidad, Apr 9, CMC – Embattled National Security Minister Austin “Jack” Warner says he has no intention of resigning from his cabinet post accusing his detractors of trying to prevent the coalition People’s Partnership government of successfully dealing with the crime situation in Trinidad and Tobago.

Bermuda Hopes To Bounce Back In 2013

KINGSTON, Jamaica, Gleaner - Visitor arrivals fell by six per cent in 2012 but new Tourism Minister Shawn Crockwell is confident Bermuda can bounce back this year and cash in on a number of market opportunities.
Crockwell, whose One Bermuda Alliance has been in power for just under four months, told a news conference on Tuesday that visitor arrivals dropped from 655,000 in 2011 to 615,000 last year.
Air arrivals fell by less than two per cent, but cruise arrivals, after a record high year in 2011, saw a nine per cent decline because of 20 fewer ship calls.

Boycott

BASSETERRE, St. Kitts, CMC – Opposition legislators Tuesday boycotted the presentation of the national budget insisting that the long tabled vote of no confidence in the Dr. Denzil Douglas administration be debated.

“We the majority of Elected Representatives in the National Assembly of St. Kitts and Nevis will not participate in the debate of the 2013 Budget,” the six opposition legislators, including former deputy prime minister Sam Condor and senior minister Dr. Timothy Harris said in a statement.

HAITI-POLITICS-Haitian Finance Minister resigns with immediate effect

PORT AU PRINCE, Haiti, CMC – Haiti’s Finance and Economy Minister Marie Carmelle Jean-Marie resigned Wednesday with immediate effect. Jean-Marie, who has been in the post for a year, sent her letter of resignation to Prime Minister Laurent Lamothe. Her resignation comes amidst constant reports that she no longer feels she has the support of her colleagues in her effort to manage the local economy.

Stimulating the economy

BASSETERRE, St. Kitts, CMC – Prime Minister Dr. Denzil Douglas Tuesday presented an EC$528.1 million (One EC dollar = US$0.37 cents) tax free budget to Parliament outlining a reduction in corporate taxes as well as extending several incentive packages that his administration had earlier implemented in a bid to stimulate the economy of the twin-island federation.

Tough challenges ahead

ST. GEORGE’S, Grenada, CMC – Prime Minister Dr. Keith Mitchell says his seven-week old government has been able to reverse a lack of confidence in the local economy, but warned Grenadians that “these are early days and there are obviously many challenges ahead.”

In his first radio and television broadcast since his New National Party (NNP) swept the February 19 general election, Mitchell was also critical of the policies adopted by the former Tillman Thomas administration prior to leaving office.

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