imf seeks to unlock economic growth of caribbean states
Last Updated : GMT 03:09:26
Arab Today, arab today
Arab Today, arab today

IMF seeks to unlock economic growth of Caribbean states

Arab Today, arab today

Arab Today, arab today IMF seeks to unlock economic growth of Caribbean states

The International Monetary Fund (IMF)
Jamaica - XINHUA

The International Monetary Fund (IMF) kicked off a high-level forum here on Thursday in hopes of unlocking economic growth for the Caribbean region.
The two-day forum, which has brought together finance ministers and central bank governors from across the Caribbean, is supposed to play the role as a platform for strengthening cooperation and advancing solutions to key challenges facing the region.
This get-together has been the third of its kind in the Caribbean over recent years. The last two were hold in Trinidad and Tobago, and the Bahamas.
"While the 2013 conference program took a comprehensive approach to the growth challenge, this year we have streamlined the agenda to cover three specific topics," IMF Deputy Managing Director Min Zhu said.
Energy costs, tax competition and financial sector vulnerability, according to Zhu, are among issues that have the biggest impact on the growth, and thus became the topics being focused on.
In recent years, many of the Caribbean countries have suffered from slow economic growth and heavy burden of debts at the same time. Four countries -- Antigua and Barbuda, St. Kitts and Nevis, Jamaica, and Grenada -- have embarked on economic programs supported by the IMF.
The multilateral financial agency estimates that growth in the Caribbean will remain weak at 1.5 percent in 2014, compared with the world overall level of 3.3 percent.
Within this context, Zhu said: "Reinvigorating growth remains the top priority" for the region.
His opinion was echoed by Jorge Familiar, World Bank's vice president for Latin America and the Caribbean.
Familiar pointed out that the global financial crisis exposed the fragility of the Caribbean.
Although significant reform programs were implemented by some countries to stem the cycle of low growth, high debt and limited fiscal space, there was still need for more to be done, he said.
Addressing the forum, Jamaica's Prime Minister Portia Simpson-Miller said the largest single deterrent to growth is the cost of energy, which represents more than one third of the island's import bill.
But, she said, the country's recent efforts in increasing power capacity will help reduce the energy bill by 30 percent or 350 million U.S. dollars by 2018.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf seeks to unlock economic growth of caribbean states imf seeks to unlock economic growth of caribbean states

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf seeks to unlock economic growth of caribbean states imf seeks to unlock economic growth of caribbean states

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday