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Caribbean L 18 ife, DECEMBER 3-9, 2021
CARIBBEAN ROUNDUP
put in place last year to curb the spread
of the COVID-19 pandemic, even as it
warned persons campaigning against
vaccines will have to deal with the consequences
going forward.
Prime Minister
Andrew Holness in a
statement in Parliament
recently said the
government continues
to act in the best interest to preserve
livelihoods as best as possible.
“The government will ultimately
have no choice but to allocate a finite
set of resources to managing COVID-
19-related hospitalizations, including a
fix number of beds,” he said.
Jamaica has recorded 2, 331 deaths
and 90,342 positive cases linked to the
virus since March last year.
Holness told legislators that it was
unfair to many Jamaicans who have
been waiting to undergo surgery for
other types of chronic illness and have
had to suffer because of the number of
bed spaces occupied by persons who
contracted the virus.
Announcing a relaxation in some
measures under the Disaster Risk Management
Act, Holness said his government
has no plans to lockdown the
country again, noting that schools are
being reopened and instructions being
given to follow the COVID-19 protocols.
TRINIDAD
The International Monetary Fund
(IMF) has called on the Trinidad and
Tobago government to remove restrictions
on foreign exchange availability
for current international transactions,
even as the Washington-based financial
institution predicted a strong recovery
for the domestic economy.
The IMF call came in the concluding
statement of its 2021 Article IV consultation
with Trinidad and Tobago, the first
such assessment since August 2018.
Under the rubric
Modernisation Monetary
and Exchange Rate
Policy, the IMF staffers
said the commission
underscored the need for an appropriate
policy mix up to support the exchange
rate regime and called for the removal
of restrictions on current international
transactions.
“The authorities are encouraged to
modernize foreign exchange and money
market infrastructure to reduce inefficiencies
and imbalance to support the
sustainability of the existing arrangement,”
the IMF said.
Minister of Finance, Colm Imbert said
the government is “certainly prepared to
heed” the advice of the IMF that “policy
attention should focus on reducing public
debt levels and rebuilding fiscal buffers”
once the recovery is firmly in place.
— Compiled by Azad Ali
Continued from Page 4
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