IMF projects Caribbean real gross domestic product to grow by eight per cent in 2026.

The International Monetary Fund (IMF) Friday said that growth across the Western Hemisphere has remained resilient, supported by strong United States demand, high commodity prices, easier financial conditions, robust tourism, and remittance inflows.

In its regional economic outlook for the Western Hemisphere, the Washington-based financial institution said that these tailwinds have cushioned the negative effects of trade uncertainty, higher and more volatile energy prices, and shifts in immigration.

But the IMF said that, public debt remains high, policy space is limited, and medium-term growth prospects are subdued.

It said higher global energy and food prices are also delaying the return of inflation to target and that policymakers should use the current favorable conjuncture to rebuild fiscal buffers, preserve price stability, and protect vulnerable households through targeted support.

CRICKET-IND/WIS-PREVIEW West Indies aiming to close out ‘successful’ tour with series win, says Sammy

The West Indies will be hoping for a winning end to their white-ball tour of India when the two teams clash in the fifth and deciding T20I here on Saturday.

However, West Indies head coach Daren Sammy has maintained that regardless of the result, he considers the tour a ‘success’ with the regional team having showed they can compete with the world’s best teams.

After losing the ODI series 2-1, the Shai Hope-led unit will be beaming with confidence after another superb performance in the fourth T20I in Hyderabad on Wednesday saw them register a 24-run victory to tie the series at 2-2.

While Sammy admitted that it would be the icing on the cake to close out the series with a win, he said the West Indies had made tremendous strides that could not be ignored.

‘For us what success means may be different to the viewers, but with us as a group I think this is the first time we’ve won more than two games on an Indian tour in 20 years, so for us success is progress.

‘In spite of all the challenges that we faced, that we could come here and compete against the best team in the world, the defending champions. We tick boxes that keep us in the conversation,’ Sammy said.

‘Before this series started we all know about the pay cuts and everything that happened. And [with the] West Indies doing well, we continue to be a team that brings entertainment to the world when we are doing well, and it’s not because of, it’s in spite of all the challenges that we face.

‘So my rule – and by extension management – with the players is to go out there and do our best. Sometimes it’s hard, it’s inconsistent, but I think the leadup after the World Cup, the leadup up to the Qualifiers that we’re going into, what I’ve seen and this series here will give the guys a lot of confidence, because I did say it was a way to measure where we’re at and I think the way we’ve played will send a strong message.

‘If we can be consistent and if the players that we have go out there and give their all, when they do that they can compete and win games against anyone in the world,’ he added.

Despite their impressive performances thus far, Sammy said the team was fully focused on what would be a historic series win.

He said such an achievement would be a major boost for the entire Caribbean community.

‘…The fact that we’ve made the cricket really competitive is good for viewership. People in the Caribbean, once West Indies is doing well it lightens the mood of every single person.

‘It’s been box office TV and hopefully tomorrow gives us that opportunity to bring the curtains down on an excellent tour of India and an excellent series,’ Sammy said.

UNITED STATES-COURT-NYC Mayor welcomes court ruling

New York City Mayor Zohran Kwame Mamdani has welcomed a federal district court’s ruling dismissing a lawsuit brought by the Trump administration challenging the city’s Sanctuary Laws for Caribbean and other immigrants.

In his ruling, Judge Ramón Reyes, Jr. who was appointed by former President Joe Biden, wrote that the Trump administration lacks standing to bring its 2025 lawsuit claiming New York City’s Sanctuary Laws are preempted by federal law.

‘This is a victory for New Yorkers and a rebuke to ICE’s (US Immigration and Customs Enforcement agency) deportation agenda,’ Mayor Mamdani said.

‘The federal government came to court seeking to force New York City to turn its public servants into deportation agents and divert our resources toward carrying out ICE’s cruel agenda. Today, they lost.

‘The court made clear that the federal government has no standing to bring this case and cannot commandeer our city workers to do its bidding. Our local laws make New York City safer. They allow us to focus our resources on protecting and serving our communities and ensuring that every New Yorker can turn to their city government without fear that asking for help will make them a target for deportation. ‘

The Mayor said that the federal government wanted to use fear to divide the city, adding ‘we will not let them. We will continue to uphold our local laws and use every tool at our disposal to protect New Yorkers from ICE’s abuses.

‘Our city belongs to all of us, and we will not abandon our neighbors to satisfy an inhumane, xenophobic agenda,’ he said.

New York City Mayor’s Office of Immigrant Affairs Commissioner Faiza N. Ali said that, for decades, New York City’s Sanctuary laws have helped build trust between immigrant New Yorkers and their local government.

‘These local laws are essential to ensuring that all New Yorkers can access critical public services, including health care, housing and public education, without fear. At a time when federal immigration enforcement is destabilizing and separating families and putting communities across the five boroughs at risk, defending these protections has never been more important.

‘Today’s ruling is a win for New York City and immigrant New Yorkers. It affirms our right to determine how to best use resources to serve and protect our communities. The federal government’s attempt to undermine our laws has been rejected, and we will not back down from our commitment to protecting our immigrant neighbours.’

She said her office will’keep working to ensure immigrant New Yorkers know their rights, can access trusted support and have the opportunity to live with safety and dignity.’

President and chief executive officer of New York Immigration Coalition (NYIC), Murad Awawdeh,an umbrella organization of over 200 immigrant and refugee groups in New York, hailed Judge Reyes for ‘upholding our constitutional rights and the state’s rights to pass laws that keep our communities safe.’

Awawdeh said Trump’s lawsuit was ‘a last-ditch attempt to make an end run around the Tenth Amendment.’

Awawdeh said neither New York City nor New York State will be bullied by the federal government to give up our rights and protections.

In his ruling Justice Reyes wrote that, ‘even if the United States has standing – and it does not – its preemption claims fail.

‘All of the United States’ preemption claims – express, conflict and field – fail because the relevant federal statutes do not regulate private actors,’ he said, adding that ‘there is nothing within federal law that obligates states to participate in federal immigration enforcement or compels states to comply therewith,

‘The United States’ preemption arguments amount to nothing more than a backdoor around the Tenth Amendment and rest on a false distinction between (a) compelling local governments’ participation in federal immigration enforcement and (b) prohibiting local governments from dictating how their personnel and other resources may be utilized towards federal immigration enforcement,’ the judge said.

CRICKET-IND/WIS-PREVIEW West Indies aiming to close out ‘successful’ tour with series win, says Sammy

The West Indies will be hoping for a winning end to their white-ball tour of India when the two teams clash in the fifth and deciding T20I here on Saturday.

However, West Indies head coach Daren Sammy has maintained that regardless of the result, he considers the tour a ‘success’ with the regional team having showed they can compete with the world’s best teams.

After losing the ODI series 2-1, the Shai Hope-led unit will be beaming with confidence after another superb performance in the fourth T20I in Hyderabad on Wednesday saw them register a 24-run victory to tie the series at 2-2.

While Sammy admitted that it would be the icing on the cake to close out the series with a win, he said the West Indies had made tremendous strides that could not be ignored.

‘For us what success means may be different to the viewers, but with us as a group I think this is the first time we’ve won more than two games on an Indian tour in 20 years, so for us success is progress.

‘In spite of all the challenges that we faced, that we could come here and compete against the best team in the world, the defending champions. We tick boxes that keep us in the conversation,’ Sammy said.

‘Before this series started we all know about the pay cuts and everything that happened. And [with the] West Indies doing well, we continue to be a team that brings entertainment to the world when we are doing well, and it’s not because of, it’s in spite of all the challenges that we face.

‘So my rule – and by extension management – with the players is to go out there and do our best. Sometimes it’s hard, it’s inconsistent, but I think the leadup after the World Cup, the leadup up to the Qualifiers that we’re going into, what I’ve seen and this series here will give the guys a lot of confidence, because I did say it was a way to measure where we’re at and I think the way we’ve played will send a strong message.

‘If we can be consistent and if the players that we have go out there and give their all, when they do that they can compete and win games against anyone in the world,’ he added.

Despite their impressive performances thus far, Sammy said the team was fully focused on what would be a historic series win.

He said such an achievement would be a major boost for the entire Caribbean community.

‘…The fact that we’ve made the cricket really competitive is good for viewership. People in the Caribbean, once West Indies is doing well it lightens the mood of every single person.

‘It’s been box office TV and hopefully tomorrow gives us that opportunity to bring the curtains down on an excellent tour of India and an excellent series,’ Sammy said.

TRINIDAD-COURT- Complaint against against doctor of former US pop star dismissed

A tribunal appointed by the Medical Board of Trinidad and Tobago (MBTT) has dismissed a complaint seeking to suspend or revoke the temporary medical licence of cardiologist Dr Conrad Murray following his manslaughter conviction in connection with the death of pop superstar, Michael Jackson.

‘The ruling does not determine the merits of the complaint nor exonerate the Respondent (Dr Murray) of the substantive complaint,’ said attorney, Shankar Bidaisee, who chaired the Tribunal.

‘This decision underscores the fundamental requirement that disciplinary proceedings must be conducted fairly and impartially, in a manner that maintains public confidence in its processes,’ Bidaisee is quoted as saying in a report published Friday by the Trinidad Guardian newspaper.

On June 25, 2009, Jackson, 50, died at his Los Angeles home from cardiac arrest caused by an overdose of propofol and benzodiazepines. The medication had been administered by the Grenadian-born Dr Murray to help Jackson sleep.

Dr Murray was charged with involuntary manslaughter and was convicted by a California jury in November 2011. Although he was sentenced to four years in prison, he was released after serving just under half of his sentence, partly because of prison overcrowding and good behaviour.

In May 2023, Dr Murray opened DCM Medical Institute here and the disciplinary proceedings against him were based on a complaint brought by the Board under Section 24 of the Medical Board Act in June 2018.

Under the legislation, the Board is entitled, after an inquiry, to censure, reprimand, suspend or revoke a practitioner’s temporary licence if the practitioner has been convicted of a crime or has engaged in infamous or disgraceful professional conduct.

But when Dr Murray’s trial before the tribunal commenced in April, his lawyer, Kiel Takalalsingh, took issue with delays in raising the complaint and conducting the disciplinary process.

Takalalsingh during the cross-examination of one of the witnesses got him to admit that he had been approached by a doctor to provide a witness statement in the matter.

Takalalsingh immediately called for the proceedings to be paused so the tribunal could consider the implications of the admission.

On resumption, the three-member tribunal raised concerns about the continued participation of the witness, who eventually agreed to recuse himself.

In the ruling, the tribunal said that a fair-minded and informed observer would conclude that the witness was biased and that ‘this conduct went beyond an ordinary administrative interaction.

‘This concern is heightened by the significance of Dr Baggan’s evidence, his knowledge of the relevant records and the importance of his credibility to the Complainant’s case,’ the tribunal said, adding that it could not continue to preside over the case in the absence of the witness.

‘The remaining members of the Tribunal considers it procedurally unfair and contrary to natural justice to proceed with hearing and determining the evidence of (former MBTT secretary Dr Peter) Baggan despite knowing the same was procured by the then chairman of the Tribunal on behalf a party to the proceedings,’ Bidaisee said.

CANANEWS AND SPORTS SCHEDULE AT 1200 ECT

The following is the CANANews and SPORTS Schedule for Friday, October 16, 2026.

BANGKOK – The International Monetary Fund (IMF) Friday said that growth across the Western Hemisphere has remained resilient, supported by strong United States demand, high commodity prices, easier financial conditions, robust tourism, and remittance inflows.

PORT OF SPAIN-Opposition leader Penelope Beckles responds to the TT$63.3 billion (One TT dollar=US$).16 cents) budget presented by the Trinidad and Tobago government on Monday this week.

SANTO DOMINGO — The Latin American and Caribbean Energy Organization (OLACDE), has launched a new initiative designed to identify, assess, structure, and accelerate renewable energy, decarbonization, and new business development projects led by National Oil Companies (NOCs) across Latin America and the Caribbean (LAC).

WASHINGTON -The Inter-American Development Bank Group (IDB Group) says it has mobilised a record $12.2 billion in private capital last year, demonstrating its growing ability to attract private investment and amplify the impact of its development financing in Latin America and the Caribbean.

PORT OF SPAIN – A star-studded cast of local artistes, including Machel Montano, Destra Garcia, Superblue, and Crazy will take the stage to pay tribute to calypso legend Slinger ‘Mighty Sparrow’ Francisco, who will be buried on Friday.

SPORTS:

BRIDGETOWN -West Indies white-ball captain Shai Hope has come in for high praise from the Barbados Cricket Association (BCA) following a string of superb showings during the ongoing tour of India.

TRINIDAD-DEATH-Trinidad and Tobago bade farewell to the Mighty Sparrow

Trinidad and Tobago Friday gave Dr. Slinger Francisco his final encore signifying the absolute conclusion of a performance that lasted more than seven decades and that took him to all corners of the globe.

Two prime ministers and a star-studded cast of local and regional artistes graced the stage at the National Academy for the Performing Arts (NAPA) opposite the Queen’s Park Savannah, where the Grenadian born Francisco, affectionately known in the entertainment industry as the ‘Mighty Sparrow’ performed his calypsoes, winning eight Monarch titles and an equal amount of Road March crowns.

The casket bearing the body of the singer, Dr. Slinger Francisco on stage at the National Performing Arts Academy (NAPA) on Friday (CMC Photo)

In addition, Sparrow, who died in New York on September 27, this year, at the age of 91, won two Calypso King of Kings and in the words of his grand daughter, Ashley Hutchinson, ‘birds don’t die,’ adding ‘how do you silence a sparrow whose music is everywhere’.

Sparrow’s daughter Karen Francisco, paid tribute to her father with a rendition of Frank Sinatra’s classic, ‘My Way’ while Michele Francisco in the eulogy on behalf of the family, said that her father had a ‘gift for connecting’ with people and his greatest advice to her was that ‘you don’t have to let your circumstance determine your dreams’

She said that her father did not follow the public’s blueprint and that ‘daddy did it his way’ as calypsonians and performers from around the Caribbean region and beyond sang from his extensive repertoire of copyrighted songs and master recordings.

‘This is not a funeral, we are celebrating the life of the Mighty Sparrow,’ one of the artistes, said at the NAPA, where former heads of state, Anthony Carmona and Paula Mae-Weekes, were among the hundreds of mourners attending the three and half hour long celebration that began with a music truck leading the funeral procession from downtown Port of Spain mid-morning on Friday.

Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar said that there is need to honour the idea that someone can emerge from these small islands, Grenada, Trinidad and Tobago, and produce work so powerful that geography cannot contain his work.

‘And there can be no more appropriate place to inscribe his name permanently than at the Queen’s Park, Savannah. For generations, the Grandstand has looked upon this great theatre of Trinidad and Tobago’s culture.

‘Today, we ensure that one of the greatest names in our culture will forever stand there at the Queen’s Park, Savannah. I am therefore deeply honoured to announce that the Grandstand at the Queen’s Park, Savannah will bear the name of Dr. Slinger Francisco, the Mighty Sparrow.’

She said that when Trinidad and Tobago gathers there to celebrate its culture, the name Sparrow will stand above all.

‘Sparrow has handed us his music It’s our responsibility to carry it forward and then to build something even greater. I say we will refurbish the Grandstand and we will name it in the honour of the Mighty Sparrow.

‘Today, the microphone is silent. The performer has left the stage. But listen very carefully. The music has not stopped. It is playing in our homes. It is playing in our hearts and it is playing across the Caribbean and the world. It is playing wherever Caribbean people meet, wherever they gather and remember home, the Caribbean.’

Persad-Bissessar said that while no death can erase that story, likewise no generation can remove what Sparrow has written into the cultural DNA of our people in the Caribbean.

‘So today, we do simply say not just goodbye. We say thank you. Thank you, Sparrow Thank you for the laughter. Thank you for the music. Thank you for giving generations of Trinidadians and Tobagonians a song track to all eyes, but also for all of the Caribbean people.

‘Thank you for carrying Trinidad and Tobago with you wherever you went. Thank you, Sparrow,’ she said, noting that the artiste had his idea as to where he would be going into the future when he added the word Mighty to the sobriquet, Sparrow.

‘In his own way, he declared that there was nothing quite like a Mighty Sparrow. Indeed, Sparrow, rest now. You have sung your songs. You have run your race. You have made your people proud. The king has left the stage, but the song goes on.

‘May Dr. Singer Francisco, our Mighty Sparrow, rest in eternal peace. May his music, his memory, and his mighty spirit live forever in the soul of Trinidad, Tobago, and the Caribbean,’ Persad-Bissessar added.

Barbados Prime Minister Mia Mottley said that ‘we have a duty to ensure that one who walked among us and one who allowed our voice to rise loud and powerful gave us the core of what we as a post-colonial people must seek to do’ must not be forgotten.

She said Sparrow through ‘parody and fighting colonial education’ with his tunes or setting the standard of what education really is, had also set the stage for ‘affirming our identity’.

Mottley said she would urge her fellow Caribbean Community (CARICOM) leaders to ensure the Sparrow tune ‘Slave’ must be a core part of the Caribbean Examination Council (CXC) curriculum ‘ so that every single child of this Caribbean understands both the pain but the mission that that song presented

‘I don’t think that there is a stronger theatrical performance of any song in the Caribbean from when we took control of our faith, or whether it was in those things that identified the discomfort in the moment of the time when Dr. Williams introduced income tax with pay as you earn, or whether years later when Trinidad came into its own bounty and he reminded us of capitalism and the nature to which it could go mad.

‘Whether it was speaking to the international community from the very, very early days with Russian satellite, or as he came later in life to reflect on how democracy was turning into all other kinds of political systems and he reminded us that sometimes they needed to be wanted dead or alive.

‘Whether it was in the parodying of local politics and I don’t need to remind you in Trinidad of how you like it so. My friends, the Americans would tell us of the greatness of jazz…and jazz allowed the black people of the United States of America to improvise and to teach the rest of the world improvisation.’

But she said Trinidad and Tobago taught the world about picong and that there was no greater expression of picong than through the Mighty Sparrow.

‘But more importantly, the Lord blessed him with the voice to make that melody song better than anyone else could ever sing it,’ Mottley said describing Sparrow as a ‘genius’ and pyig tribue also several Caribbean artistes and sports personalities like Emil Straker and Sir Garry Sobers of Barbados and the ‘great Jimmy Cliff’ of Jamaica.

‘We in the Caribbean are moving in to a period of post-independence that is beyond six decades and invariably, it means that those who helped create this great post-independence Caribbean civilisation will come to pass from this earth

‘We have a duty in every sphere in which they have expressed greatness, not just Caribbean greatness, but global greatness. We have a duty to those who must come to show them that when people say we punch above our weight, persons like the Mighty Sparrow redefined what was our weight.’

The Mighty Sparrow will be buried on Saturday.

CARIBBEAN-ENERGY-OLACDE launches DRIVE to accelerate energy transformation projects across Latin America and the Caribbean

The Latin American and Caribbean Energy Organization (OLACDE), has launched a new initiative designed to identify, assess, structure, and accelerate renewable energy, decarbonization, and new business development projects led by National Oil Companies (NOCs) across Latin America and the Caribbean (LAC).

OLACDE, whose Caribbean members include Barbados, Belize, Cuba, the Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Suriname, and Trinidad and Tobago, in collaboration with the Latin American and Caribbean Methane Emissions Observatory (OEMLAC) has launched the Diagnosis, Investment Roadmaps, Project Development and Energy Transformation (DRIVE) initiative during the 11th Energy Week.

It said DRIVE aims to support NOCs throughout their transformation journey, from identifying strategic opportunities to project structuring, financing, and implementation. The initiative will bring together technical expertise, strategic partners, and sources of climate, concessional, and development finance to help turn investment opportunities into viable projects.

‘National Oil Companies have played a leading role in the energy development of Latin America and the Caribbean for decades, and they also have the capacity to lead their own transformation.

‘Through DRIVE, we want to support them in turning new investment opportunities into concrete projects, building new capabilities, and mobilizing the resources needed for implementation,’ said OLACDE’s executive secretary, Andrés Rebolledo.

As part of the launch, the Association of Oil, Gas and Renewable Energy Companies of Latin America and the Caribbean (ARPEL), the Natural Resource Governance Institute (NRGI), and the Global Methane Hub (GMH) signed a Joint Declaration on the Strategic Transformation of National Energy Companies in Latin America and the Caribbean.

Through the declaration, the signatories expressed their commitment to strengthening regional dialogue and cooperation, endorsed DRIVE as a platform to facilitate access to concessional, climate, and development finance, and invited international organizations, development banks, technical institutions, and academia to join the initiative.

Latin America and the Caribbean’s leading NOCs collectively generate approximately US$250 billion in annual revenue. OLACDE, through OEMLAC, estimates that these companies have a potential multi-year investment pipeline exceeding US$20 billion in renewable energy, decarbonization, and emerging low-carbon business projects.

The organization has already initiated discussions with national energy companies across the region to identify opportunities and begin developing an initial regional project portfolio.

‘NOCs possess the capabilities, assets, and significant investment opportunities needed to advance their transformation. Often, the challenge is not identifying what needs to be done, but rather structuring projects, finding the right partners, and securing the financing required to implement them. DRIVE is specifically designed to bridge that gap and do so at a regional scale,’ said OEMLAC director, Gastón Siroit.

GMH’s Regional Director for Latin America, Henrique Bezerra, said the initiative offers an opportunity to translate ambitious global climate commitments into concrete financial and operational mechanisms capable of transforming the region’s oil industry.

He said it represents a shift from simply calling for methane emissions reductions to establishing the financial and technical infrastructure needed to make those reductions a reality.

ARPEL’s executive secretary, Carlos Garibaldi, described DRIVE as a pragmatic step forward: an essential mechanism enabling the sector to take a leading role in its own transformation and decarbonization through practical, results-oriented action.

The initiative will initially focus on five strategic areas: electricity infrastructure; sustainable refining; clean mobility; energy efficiency and emissions reduction; and new strategic business opportunities.

These areas encompass renewable power generation and energy storage, biofuels and alternative fuels, electric mobility, methane emissions reduction and carbon management, as well as opportunities related to critical minerals.

DRIVE will also establish a regional dialogue platform for participating companies, open to international organizations, development banks, technical institutions, academia, and other interested civil society stakeholders.

OEMLAC will serve as DRIVE’s initial institutional platform, building on its experience and established relationships with NOCs across the region in methane emissions reduction and decarbonization. DRIVE will complement this work by expanding technical and strategic support to a broader range of energy transformation projects, while preserving OEMLAC’s specific mandate on methane emissions.

JAMAICA-CRIME-Police officer killed during confrontation with criminal gang members

Police Commissioner Dr Kevin Blake Friday said that the death of a police officer during an operation on Friday underscores the ‘brutal conditions’ under which members of the Jamaica Constabulary Force (JCF) function, but assured said that the police will not be intimidated.

Blake said that the JCF ‘condemns in the strongest possible terms the deadly attack on our officers during an operation in Sligoville, St. Catherine today.

‘Our members, while pursuing a high-risk target linked to violent crime, came under heavy and sustained gunfire. One colleague has been killed, and another is in critical condition under medical care.

‘We mourn with the family of our fallen colleague and stand firmly with the family of our injured member,’ Blake said , adding that ‘this tragedy lays bare the brutal conditions our officers confront daily, pursuing the most violent elements in our society so that Jamaicans can live without fear.’

Blake said that the JCF expects every officer we deploy to return home safely, adding ‘today, that expectation was shattered.

‘Let there be no misunderstanding. The Jamaica Constabulary Force will not be intimidated. We will not retreat, and we will not relent,’ he said, promising that ‘those responsible and the criminal networks that enable them will be pursued, dismantled and be brought to justice. ‘There can be no community ceded to gunmen, no safe haven for gangs, no territory beyond the reach of the law. Our resolve is undiminished, our duty unchanged. We grieve, but we will act,’ Blake added.

The deceased officer has been identified as Corporal Trevoy Shaw, who was attached to the JCF’s Special Operations unit another policeman, who sustained gunshot wounds to the head, has undergone surgery, while several other police personnel and a young girl were also injured during the confrontation.

The girl is reportedly in a serious but stable condition

Blake and the National Security and Peace Minister, Dr. Horace Chang visited the Sligoville, St Catherine area where the clash took place and media reports said that

Media reports said that about 5:15 am (local time), the officers were reportedly clearing a building on a premises when they came under heavy gunfire from two men who had barricaded themselves inside a house with other occupants.

Both gunmen were subsequently killed during the confrontation.

IMF projects Caribbean real gross domestic product to grow by eight per cent in 2026.

The International Monetary Fund (IMF) Friday said that growth across the Western Hemisphere has remained resilient, supported by strong United States demand, high commodity prices, easier financial conditions, robust tourism, and remittance inflows.

In its regional economic outlook for the Western Hemisphere, the Washington-based financial institution said that these tailwinds have cushioned the negative effects of trade uncertainty, higher and more volatile energy prices, and shifts in immigration.

But the IMF said that, public debt remains high, policy space is limited, and medium-term growth prospects are subdued.

It said higher global energy and food prices are also delaying the return of inflation to target and that policymakers should use the current favorable conjuncture to rebuild fiscal buffers, preserve price stability, and protect vulnerable households through targeted support.