IMF says tourism in region threatened

With the US in a recession and other major economies teetering on the brink of a recession, the state of tourism in the Caribbean continues to be a concern for stakeholders.

In a speech during a visit to Jamaica, International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn says weaker foreign remittances and dampened economic activity in key sectors such as tourism would be the likely consequences of the slowdown in global economic activity. As a result, the IMF's outlook for the Caribbean economies had been revised down in recent months.

Strauss-Khan's visit to Jamaica was part of his first official tour of countries in the Caribbean and Central America. During his stay in Kingston, he met with Prime Minister Bruce Golding, among other senior officials.

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