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Shaw orders review of proposed CU regulations

The island’s credit union might be getting some reprieve from certain restrictions which currently obtain, as Finance Minister Audley Shaw has directed that the Bank of Jamaica (BOJ) carry out a review of the proposed regulations to g

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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 »

Inflation forecast revised

 The central bank has revised is inflation forecast for the fiscal year 2008/2009 to a more realistic level of between 11.5 and 14.5 per cent, up from the original forecast of between 7 and 9 per cent because of galloping food and e

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IMF calls for more investments in productivity and exports

 International Monetary Fund (IMF) managing director Dominique Strauss-Kahn says Latin American and Caribbean countries must be given the thumbs-up for the region’s impressive achievements during the last decade, but called for mo

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IMF calls for more investments in productivity and exports

 International Monetary Fund (IMF) managing director Dominique Strauss-Kahn says Latin American and Caribbean countries must be given the thumbs-up for the region’s impressive achievements during the last decade, but called for mo

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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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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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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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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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