ST JOHN’S, Antigua – Coming to the end of the nation’s three-year stand-by-arrangement (SBA) with the International Monetary Fund (IMF), the minister of finance has deemed the partnership a “success.” “We knew what we had to do; we have done it. In June it is exit...

GEORGETOWN, Guyana – At the beginning of this month, the Executive Board of the International Monetary Fund (IMF) approved new funding arrangements to help stabilize the Jamaican economy and put it on a path to economic growth. The negotiation of the funds, a so-called Extended Fund Facility (...

WASHINGTON, CMC – A new study published here is urging Latin America and Caribbean governments to renew efforts to modernize their tax system. The study done by the Inter-American Development Bank (IDB) suggests that while Latin America and the Caribbean have made great strides in boosting tax...

KINGSTOWN, St. Vincent, CMC – Shareholder governments of the regional airline, LIAT, have agreed to provide a summary of a legal opinion to Trinidad and Tobago Prime Minister Kamla Persad Bissessar regarding the "unfair” subsidy given to the state-owned Caribbean Airlines (CAL), Prime Mi...

PORT OF SPAIN, Trinidad - Proper governance structures need to be in place at all enterprises funded by taxpayers, including one like Caribbean Airlines (CAL), to avoid situations where these companies have to write off major debts, business leaders have said. “In the private sector, you can&r...

PORT-AU-PRINCE, Haiti (AP) — Attorney Reynold Georges showed up with a judge and a police officer on a recent afternoon at Camp Acra, a cluster of tents and plywood shelters scattered across rocky hills dotted with trees in the heart of the Haitian capital. The lawyer told the camp of some 30,...

PORT-AU-PRINCE, Haiti — Haiti's President Michel Martelly is defending his record since taking office of the impoverished Caribbean nation two years ago. The former pop star points to his introduction of a tuition-free school project and social protection programs. Martelly also says his g...

PORT AU PRINCE, Haiti, CMC – More than 166,000 people have been registered as cholera patients in Haiti’s capital, Port au Prince, as the authorities warn against complacency ahead of the rainy season that starts in June. Coordinator for the government’s new prevention plan, Helman...

PORT OF SPAIN, Trinidad - US Vice President Joe Biden is to spend one night and two days in Trinidad and Tobago during his visit later this month. Foreign Affairs Minister Winston Dookeran told reporters after the opening ceremony of CARICOM’s Council for Foreign and Community Relations (COFCO...

KINGSTON, Jamaica - THE Jamaica Broilers Group says the large volume of chicken neck and back being imported into the island is undermining local production, not just for the company but for thousands of backyard chicken farmers. While admitting that the company cannot, by itself, satisfy local dema...