Posts Tagged

International Monetary Fund (IMF)

At VIFreepBreaking NewsBusiness NewsCaribbean NewsHumanitarian NewsInternational News

SANTIAGO, Chile — The recent call to action by the Secretary of the Treasury of the United States, Janet Yellen, to the G-20 for a new issue of IMF Special Drawing Rights (SDRs), which the G-20 recently approved, and the re-allocation of excess SDRs to low-income countries (LICs) is a

Read More
At VIFreepBreaking NewsBusiness NewsCaribbean NewsHealth NewsInternational News

When the economies of the Caribbean and Central America finally exit the pandemic, most will be in crisis. As a recent [International Monetary Fund] IMF review of The Bahamas put it, recovery to pre-pandemic levels “will likely take years” and the “downside risks loom large.” The same prognosis is expected

Read More
At VIFreepBreaking NewsBusiness NewsCaribbean NewsHealth NewsInternational NewsTourism News

SAN JUAN (Reuters) — Latin American and Caribbean economic activity will not return to pre-pandemic levels of output until 2023 and GDP per capita will catch up only in 2025, later than other parts of the world, the International Monetary Fund (IMF) said on Monday. Among contributing factors, the Fund

Read More
At VIFreepBreaking NewsBusiness NewsCaribbean NewsHealth NewsInternational NewsTourism News

BELMOPAN — Indigenous cultures in the Caribbean, struggling as their tourism-dependent economies are ravaged by the coronavirus pandemic, are returning to traditional farming and fishing roots for their livelihoods, local experts said. Being forced to look to older, more organic ways of survival can be a silver lining within the

Read More
At VIFreepBreaking NewsBusiness NewsCaribbean NewsEnvironmental NewsHealth NewsTourism News

BRIDGETOWN — For Caribbean nations such as Suriname, Belize and Barbados, the pandemic hasn’t just shut down local economies. It’s also led some investors to worry about how they’ll repay their bonds. Unlike eight regional nations including Haiti, Honduras and Nicaragua that may qualify for a global debt relief initiative

Read More
At VIFreepBreaking NewsBusiness NewsCaribbean NewsEnvironmental NewsHealth NewsInternational NewsTourism News

NASSAU — We are all in the same COVID-19 storm, but not all countries are in the same boat. Here in the Bahamas, 70 percent of our GDP is generated from tourism. Tourist-based economies like ours throughout the Caribbean region have limited social safety nets. This means our people, economy

Read More
At VIFreepBreaking NewsBusiness NewsInternational NewsTourism News

WASHINGTON — A sudden stop in tourism caused by border closures and lockdowns aimed at containing the coronavirus pandemic will cause a 6.2% contraction of the Caribbean economy in 2020, the deepest recession in over half a century, the IMF said on Wednesday. In a blog on its website, the

Read More
At VIFreepBreaking NewsCaribbean NewsCrime NewsEnvironmental NewsPolice News

[ad name=”HTML-68″] [wpedon id=”23995″ align=”left”] WASHINGTON — Economic growth in the Caribbean is being hampered by high unemployment among young people regarded as the highest in the world, and crime, according to IMFBlog, a forum for the views of the International Monetary Fund (IMF) staff and officials on pressing economic and

Read More
At VIFreepBreaking NewsBusiness NewsCaribbean NewsInternational News

WASHINGTON — The International Monetary Fund (IMF), says economic prospects for the region are generally improving and modest growth is expected in 2018 and 2019. The IMF, in its Regional Economic Outlook Update for Latin America and the Caribbean, released on Thursday, said the positive outlook is supported by growth

Read More
At VIFreepBreaking NewsBritish Virgin Islands NewsCaribbean NewsEducation NewsEnvironmental NewsHumanitarian NewsTechnology NewsTerritorial AffairsTourism News

[ad name=”HTML-68″] ROAD TOWN, Tortola, BVI — A plan by British billionaire Richard Branson to lead a post-hurricane rebuilding effort in the Caribbean, with a focus on clean energy projects, may include debt relief negotiations mediated by the International Monetary Fund. Branson is spearheading a plan to help nations in

Read More