日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

Bitter medicine prescribed for Caribbean economies in 2011

By Earl Bousquet
0 CommentsPrint E-mail China.org.cn, January 6, 2011
Adjust font size:

With most Caribbean Community (Caricom) countries registering reverse growth in 2010, a hot search is on for new alternatives to old economic problems and future strategies to cope with present challenges in 2011 and beyond.

Many are hoping for early answers at an upcoming search conference later this month in Barbados, where academics, researchers and policy makers will gather to discuss how best to recover Caribbean growth after the most recent global economic crisis.

The Governments and Private Sectors are turning to and hoping for palatable prescriptions from economists and academics. But the general consensus is they will be prescribed more of the same bitter medicine that the region's leaders have been taking slowly and in reluctant doses over the past decade.

The International Monetary Fund (IMF), the University of the West Indies (UWI) and the Central Bank of Barbados have jointly organized a conference for January 27 and 28, to discuss issues related to Caribbean regional economic growth, and their associated policy challenges.

The conference, entitled "Options for the Caribbean After the Global Financial Crisis" will discuss economic growth strategies to better inform IMF policies in the Caribbean, as more countries look to the Bretton Woods institutions for international prescriptions for national economic salvation.

Like most of the rest of the world, Caribbean economies didn't fare well in 2010. Of the 15 Caricom member-states, Guyana and Surinam alone posted highest growth rates in 2010.

The Bahamas is already showing signs of economic recovery in 2011, but it does very little trade with other Caricom member-states.

The Dominican Republic – which shares the island of Hispaniola with Haiti – is bracing for a 7 percent growth in 2011. But it too, like Haiti, does very little business with Caricom.

Same with Belize, which is located in Central America.

More Caribbean countries are looking to the IMF and the World Bank for rescue financing and other fiscal and monetary policy arrangements. Jamaica and Antigua & Barbuda both signed agreements with the IMF in 2010.

Some states are also taking local steps to ease their economic burdens. Barbados and St. Kitts & Nevis raised taxes and cut spending – and others are expected to follow as they prepare their annual Estimates of Revenue and Expenditure – national budgets – for the 2011-2012 financial year.

Dominica and St. Vincent and the Grenadines last year looked to Venezuela's ALBA initiative to lower fuel costs, while Grenada has been taking a strong second look at its offshore financing tax haven arrangements.

Caribbean economies (minus Haiti) collectively recorded a 2.3 percent decline in growth in 2010, according to the Economic Commission for Latin America and the Caribbean (ECLAC).

1   2   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 朝阳区| 泽州县| 雅江县| 逊克县| 高安市| 栾城县| 黑水县| 定襄县| 合肥市| 内江市| 通州区| 江源县| 甘孜| 浦城县| 东丰县| 山阴县| 兰西县| 舟山市| 汪清县| 横山县| 宜君县| 罗江县| 虎林市| 突泉县| 乐亭县| 奉化市| 弥勒县| 北宁市| 邓州市| 广宗县| 兴国县| 中方县| 盘山县| 阳城县| 闽侯县| 萝北县| 灵寿县| 龙陵县| 绥棱县| 育儿| 东源县|