Yearly Archives: 2024

IMF: St. Lucia facing high youth unemployment

CASTRIES, ST. LUCIA — While the country has recovered somewhat from the COVID-19 pandemic, it is still facing modest growth and a youth unemployment challenge, according to the International Monetary Fund (IMF). The IMF recently published the findings of its 2023 review of economic progress made in St. Lucia over the last year. It conducts…
Read more

Cayman Islands urged to increase minimum wage by nearly 50%

GEORGE TOWN, CAYMAN ISLANDS — The government of the Cayman Islands is being strongly urged to adopt a 46% increase to improve the lives of the lowest-earning workers and also improve employment prospects across the nation. This recommendation was made by the Cayman Islands’ Minimum Wage Advisory Committee (MWAC) after years of research, deliberation, public…
Read more

Govt. to create nearly 4,000 permanent sanitation jobs in Jamaica

KINGSTON, JAMAICA — The government of Jamaica is gearing up to introduce nearly 4,000 permanent positions for government workers in the country’s waste management industry within the next three years. This was revealed by Minister of Finance and the Public Service Nigel Clarke, who said the issue has been long overdue. “Time come for permanent…
Read more

Women hit decade-high employment in The Bahamas

NASSAU, BAHAMAS — For the first time in more than 10 years, more women than men are working in The Bahamas, according to the International Monetary Fund’s (IMF) Article IV Consultation Country Report. The IMF conducts annual country consultations to assess the economic progress made by nations around the world. In its most recent report,…
Read more