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International Monetary Fund. External Relations Dept.
IMF plan to cut imbalances; IMF clarifies aid role; world growth update; financial globalization; growth in Africa; low-income countries need fiscal reform; Central America seeks stronger growth; IMF surveillance framework; news briefs.
Mr. Tobias N. Rasmussen

The economic performance of the Caribbean region has weakened in recent years, amid a series of natural disasters and an increasingly competitive global economic environment. What can be done to spur higher growth was the topic of “Developmental Challenges Facing the Caribbean”—a seminar held in Trinidad on June 11–12. The event, part of celebrations marking the 40th anniversary of the Central Bank of Trinidad and Tobago, underscored the urgency of encouraging more flexible labor markets and lowering debt ratios as these economies seek to become more adaptive to the demands of a fast-changing global economy.