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The Government’s tax reform programme will benefit from the input of the Inter-American Development Bank (IDB) and the United States’ Internal Revenue Service (IRS) and Treasury Department, Finance and the Public Service Minister, Hon. Audley Shaw, has announced. Addressing Scotia … Continued
Minister of Finance and the Pubic Service, Hon. Audley Shaw, has assured the country that the application process for the US$1.2 billion standby facility Jamaica is seeking from the International Monetary Fund (IMF) is “running fairly smoothly”. Addressing a Scotia … Continued
Minister of Finance and the Public Service, Hon. Audley Shaw, has said that Government will be placing increased emphasis on containing crime, noting that efforts at social and economic reform will come to naught unless the monster of crime is … Continued
The Fraud Squad acting, on information provided by the Revenue Protection Division (RPD), on Monday (October 12) arrested and charged an employee of the Inland Revenue Department (IRD) on several counts, including fraud and uttering forged documents, a release from … Continued
Minister of Finance and the Public Service, Hon. Audley Shaw, has emphasised that the Government’s commitment to good governance meant that focus must be placed on the relevance of all government institutions and their responsiveness to the needs of the … Continued
Minister of Finance and the Public Service, the Honourable Audley Shaw, has commended Scotiabank Jamaica on the launch, yesterday (October 12), of its $500 million facility for small and medium sized businesses. The new facility, the Productive Sector Growth Fund, … Continued
Minister of Finance and the Public Service, the Hon Audley Shaw, met Thursday (October 8) with Inter-American Development Bank (IDB) President, Luis Alberto Moreno, in Madrid, where he encouraged increased IDB support to Jamaica, particularly in the areas of agriculture … Continued
Speaking on behalf of the Caribbean region at the 98th Meeting of the Committee of the Board of Governors of the Inter-American Development Bank (IDB) in Madrid, Spain, today (October 8), Minister of Finance and the Public Service, the Honourable … Continued
Government is seeking to create a trust to make more funds available to the Students’ Loan Bureau (SLB). Prime Minister, Hon. Bruce Golding, said that the move will enable students to borrow more, match the repayment schedules to expected salaries, … Continued
The Jamaica Tertiary Education Foundation is to be launched soon, Minister of Education, Hon. Andrew Holness, told students attending a Town Hall Meeting at the Mona Campus of the University of the West Indies (UWI) in Kingston on Tuesday night. … Continued
Minister of Finance and the Public Service, Honourable Audley Shaw, this morning (October 7), thanked the World Bank for extending a US$15 million loan for the Rural Economic Development Initiative (REDI) Project, which is aimed at improving market access for … Continued
Effective Monday (October 5), the Registrar General’s Department (RGD) will be making adjustments to some of its fees. The move comes as the Agency seeks to sustain its operations and achieve greater efficiencies. The new fee structure will reflect adjustments … Continued
Minister of Finance and the Public Service, Hon. Audley Shaw, has predicted inflation in the range of 10-12% or lower this year, due to exchange rate stability and moderate international commodity prices. “We expect inflation for the fiscal year to … Continued
Opposition spokesman on finance, Dr. Omar Davies, has said that the Opposition stands ready to work with the Government during the current economic crisis, but not without conditions. “This co-operation and this collaboration cannot be taken for granted. We have … Continued
The Government’s Supplementary Estimates of Expenditure, which was tabled in Parliament last week, is credible, technically sound and able to stand the scrutiny of the International Monetary Fund (IMF). This is the view of newly appointed Financial Secretary, Dr. Wesley … Continued
The overarching goal of the newly appointed Financial Secretary, Dr. Wesley Hughes, is to make the Ministry of Finance the centre of excellence for financial and economic management of the country. In his first extensive interview since becoming Financial Secretary, … Continued
The Financial Secretary, Dr. Wesley Hughes, has dismissed suggestions that Jamaica’s team negotiating with the International Monetary Fund (IMF) is technically weak. “Together we have over 100 years’ combined experience in negotiating with the IMF,” the former head of the … Continued
Minister of Finance and the Public Service, Hon Audley Shaw, left the island on Wednesday (Sept. 30) for the International Monetary Fund (IMF)/World Bank meetings in Istanbul, Turkey from October 4-7. While in Istanbul, the Minister is expected to engage … Continued
Minister of Finance and the Public Service, Hon. Audley Shaw, said that the Government had to adjust its fiscal targets and present a revised budget of $561.4 billion, up from $555 billion, due to a number of deviations. These include … Continued
Government will apply changes to public sector fees and taxes next fiscal year. This was announced by Prime Minister, the Hon. Bruce Golding, during an early morning sitting of the House of Representatives on September 30, following the acceptance of … Continued