Caribbean News in Brief – May 6-2010

EXPANSION

Washington, D.C., USA: The International Monetary Fund (IMF) is planning to open two offices in the Caribbean, one in Antigua and Barbuda to cover member countries in the Eastern Caribbean Currency Union, and the other in Jamaica.

The IMF already has a Resident Representative office in Haiti.

A statement from the IMF said the establishment of the new resident representative offices will further deepen the IMF’s dialogue with authorities and other important regional stakeholders, including trade unions, the private sector, academics, and non-governmental organizations.

Gene Leon has been named to serve as the IMF’s Senior Resident Representative in Jamaica, while Wendell Samuel will head the newly-created Regional Representative Office for the Eastern Caribbean.

“The resident representatives will serve as an on-the-ground resource on technical and policy matters that the authorities can tap as they implement their economic programs,” said Director of the IMF’s Western Hemisphere Department, Nicolas Eyzaguirre.

PROBE LAUNCHED

Providenciales, Turks and Caicos Islands: The first cases have been filed coming out of a British Commission of Inquiry in the Turks and Caicos Islands.

Developers behind four of the British Overseas Territory’s biggest real estate schemes are under scrutiny for a series of alleged corrupt transactions.

In one case, officials in a company behind a $200 million project stand accused of bribing former Premier Michael Misick, his brother and former Environment Minister McAllister Hanchell.

The developers have denied the claims and all four schemes have been put on hold.

LIGHTNING BOLT

Kingston, Jamaica: World and Olympic sprint champion Usain Bolt ran the fourth-fastest 200-meters ever last Saturday, winning in 19.56 seconds at the Jamaica International Invitational.

Bolt’s time trailed only his world record of 19.19 secs. for a world title at Berlin, his 19.30 secs. for 2008 Beijing Olympic gold and the former world record of 19.32 secs. by Michael Johnson.

Bolt was pleased with his time, but warned fans not to expect any world record runs this season.

“I just went out there to see where I’m at and to get my confidence,” Bolt said. “I’m not trying to break any record this year but I had to come out here and put on a show for Jamaica because I missed last year’s meet.”

In the women’s event, Jamaican Veronica Campbell-Brown ran 22.60 secs. to claim victory. Cydonie Mothersill of the Cayman Islands placed second in a time of 22.70 secs.

 

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