Arab Today, arab today imf seeks to unlock economic growth of caribbean states
Last Updated : GMT 20:38:10
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.

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*

Arab Today, arab today imf seeks to unlock economic growth of caribbean states Arab Today, arab today imf seeks to unlock economic growth of caribbean states

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:06 2017 Sunday ,26 February

Britain banks on robots, AI to boost growth

GMT 12:00 2017 Sunday ,26 February

China to allow more IPOs to attract capital

GMT 06:31 2017 Sunday ,26 February

Consumer prices up in Canada

GMT 06:15 2017 Sunday ,26 February

Tsipras: Era of austerity is over
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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