Economic Growth Council (EGC) Chairman, Michael Lee-Chin, says the Council is working closely with several key stakeholders, including the relevant Ministries, Departments and Agencies, to identify and rectify factors delaying the development approval process. Speaking at Thursday’s (August 23) sixth EGC quarterly briefing at Jamaica House, Mr. Lee-Chin said the Council is seeking to lend technical expertise, where necessary, to...

Bank of Jamaica (BoJ) Governor, Brian Wynter, is encouraging consumers to aggressively shop around to identify financial institutions offering low interest rate loans. “We have the benefit, in Jamaica, of many entities (and) you have a choice (of) where you can borrow from. We have a tendency to look at just one (institution). I think that it’s a good time...

Governor of the Bank of Jamaica (BoJ), Brian Wynter, has dismissed the claim that the Central Bank is devaluing the Jamaican dollar, as part of plans to increase the inflation rate. “It is absolutely not true and it takes you down a wrong path if you believe that’s what we are actually doing. We are not doing that,” Mr. Wynter...

Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, today (August 22), released official correspondence from the Bank of Jamaica (BoJ) outlining the factors resulting in Jamaica’s inflation target shortfall as at June 2018. In September 2017, the Government set a medium term inflation target of 4.0 to 6.0 per cent, to be achieved and maintained by the BoJ...

Jamaica’s debt is steadily decreasing as a result of increased payments being made by the Government. This is according to Prime Minister, the Most Hon. Andrew Holness, who informed that the Ministry of Finance and the Public Service repaid $58 billion in debt last month. Mr. Holness was addressing his quarterly press briefing at the Office of the Prime Minister...

Bank of Jamaica (BOJ) Governor, Brian Wynter, says proposed safeguards against money laundering and terrorism financing are among notable developments emerging under the Government’s National Financial Inclusion Strategy (NFIS), since its launch in March 2017. The strategy is an ambitious portfolio of project activities designed to empower Jamaicans financially, through improved access to financial information and products tailored to meet...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, continues to emphasise that the country’s macroeconomic achievements must translate into more meaningful gains for all Jamaicans. Speaking at the recent National Financial Inclusion Strategy (NFIS) forum, held at the Terra Nova All-Suite Hotel in St. Andrew, Dr. Clarke acknowledged that this translation is manifesting in several areas. These,...