Caribbean Report 16-01-1990

Abstract

The program features the finalization of negotiations for a new Jamaican IMF aid agreement since the island failed the last IMF economic performance test. The new agreement could translate into economic pressures for Jamaica, including higher interest rates, import reductions and the devaluation of the Jamaican dollar. Secondly, the fears of Caribbean politicians that recent changes in Eastern Europe will push the region to the back of the international aid queue was confirmed by the withdrawal of twenty five million dollars in US assistance to Jamaica. Following the Financial News, an economic correspondent examines the implications of the completion of the Uruguay Round of negotiations in December 1990 on Caribbean nations. The final segment reports on the two-day Caribbean Media and Telecommunications conference in Port of Spain, Trinidad, and provides insights into a conference presentation by Andy Johnson entitled “The New World Information Order in the Strategies of the Third World States.”