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Crisis hinders Jamaica’s chances to raise external financing — IMF

 Although emerging markets such as Jamaica have demonstrated a certain degree of resilience to the shocks caused by the current international financial crisis, they are finding it difficult to obtain affordable funding from the inte

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BOJ brings credibility and technical competence to inflation forecast

 There have been three great inventions since the beginning of time — fire, the wheel and central banking. The primary role of the central bank is to control the flow of high-powered reserves in an economy at a level that is consi

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BOJ brings credibility and technical competence to inflation forecast

 There have been three great inventions since the beginning of time — fire, the wheel and central banking. The primary role of the central bank is to control the flow of high-powered reserves in an economy at a level that is consi

Read More »

Brazil now net foreign creditor

 Brazil, which was once the third world’s largest debtor nation, is now a net foreign creditor and as a result, Standard & Poors (S&P), the world’s leading credit ratings agency, has upgraded its long-term foreign curren

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NCB cuts cost, makes more profits

 The Michael Lee-Chin-led National Commercial Bank Group (NCB) Limited is reducing cost and, a as result, is generating more profits. The group’s report for the six-month period ended March 2008 revealed that its cost to income ra

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NCB cuts cost, makes more profits

 The Michael Lee-Chin-led National Commercial Bank Group (NCB) Limited is reducing cost and, a as result, is generating more profits. The group’s report for the six-month period ended March 2008 revealed that its cost to income ra

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Will BOP shocks force IMF support?

The Washington based, International Monetary Fund (IMF) and the World Bank- — the International Bank for Reconstruction and Development (IBRD), was created out of the 1944 Bretton Woods conference at which the United Kingdom (UK) was r

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Remittance flows dip

 There are indications that the government’s projections for a 10 per cent increase in remittance flows to US$2.2 billion this year could be wrong. This because of the slowing US economy, the increase in unemployment and discrimin

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Remittance flows dip

 There are indications that the government’s projections for a 10 per cent increase in remittance flows to US$2.2 billion this year could be wrong. This because of the slowing US economy, the increase in unemployment and discrimin

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Gov’t food subsidy was poorly administered — IMF

 Studies conducted by the International Monetary Fund (IMF) have indicated that the government’s $500 million subsidy failed to have the desired impact on galloping food prices because it was given to the producers and distributor

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