Noted Angel Investor, Sandra Glasgow, has welcomed the proposed Sidecar Fund Facility to be implemented by the Government, which will provide equity financing to early-stage, scalable and investment-ready business start-ups. The facility, with technical and funding support from the Inter-American Development Bank (IDB), will make $200 million in equity financing available to business start-ups by matching the support from identified...

International Monetary Fund (IMF) Resident Representative, Dr. Constant Lonkeng Ngouana, says he is encouraged by Government-led multi-stakeholder efforts to spur higher levels of sustainable growth for Jamaica. This, he notes, is through interventions and measures designed to address the underlying impediments. He was speaking at the Rotary Club of St. Andrew’s weekly luncheon at Hotel Four Seasons in New Kingston,...

Business leaders and tourism stakeholders in Montego Bay are expecting a major financial boost from the staging of the annual Reggae Sumfest. The event is being held over seven days, from July 14 to 20, and will be highlighted by a stage show on July 19 and 20 at Catherine Hall. Montego Bay’s Mayor, Councillor Homer Davis, told JIS News...

The International Monetary Fund (IMF) will maintain operations at its Jamaica office beyond November, when the country officially concludes its current arrangement with the organisation. Resident Representative, Dr. Constant Lonkeng Ngouana, said while it is the norm for the IMF to close its local office when its programme with a country ends, the decision to maintain the Jamaica office for...

Minister of Labour and Social Security, Hon. Shahine Robinson, says the net asset value of the National Insurance Fund (NIF) stood at $120.7 billion as at March 31, 2019, which is an increase of 13.67 per cent over financial year 2018. She said that the growth was driven primarily by the performance of the equity portfolio, which grew by 31.3...

General Manager, Urban Development Corporation, Heather Pinnock (fourth left), listens to Executive Director, National Integrity Action, Professor Trevor Munroe (second right), at PricewaterhouseCoopers (PwC) Jamaica’s Governance and Transparency Seminar, at The AC Marriott Hotel in Kingston, on Friday (July 12). Also listening (from left) are: Co-Chair, Anti-Fraud Committee, Jamaica Bankers Association, Lloyd Parchment; Partner, PwC, Jessica Shannon; Territory Leader, PwC,...

The Government is putting strategies in place to better plan for and finance damage and losses resulting from natural disasters. Among the measures is implementation of the public financial management policy for natural disaster risk, which will provide the country with funds in the event of a disaster. It will include, among other things, accumulating fiscal savings in the Contingencies...