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Prime Minister, the Most Hon. Andrew Holness (left), along with President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, sign a US$285-million contingency credit facility on November 26 in Washington DC.

PM Signs US$285-Million Contingency Credit Facility with IDB

Prime Minister, the Most Hon. Andrew Holness, has signed a US$285-million contingency credit facility with the Inter-American Development Bank (IDB) that will provide the country with immediate financing during the emergency recovery phase after a sudden event. The agreement was...

The Most Hon Andrew Holness speaking at the International Monetary Fund Conference in the US capital, Washington DC on Monday, November 26, 2018.

PM Holness Calls on SIDS to Begin Dialogue on Building Resilience

Planning Institute of Jamaica (PIOJ) Director General, Dr. Wayne Henry (centre), addressing journalists during the quarterly media briefing at the PIOJ’s New Kingston head office on Wednesday (November 21). Others (from left) are Senior Director for the PIOJ’s Economic Planning, Research and Policy Logistics Division, James Stewart; and Programme Director for the Vision 2030 Jamaica Secretariat, Elizabeth Emanuel.

PIOJ Head Welcomes Decision to Enable Pension Funds to Invest in Venture Capital

Chief Executive Officer, eGov Jamaica Limited, Maurice Barnes, explains aspects of the application (app) the entity is developing for Tax Administration Jamaica (TAJ) to facilitate motor-vehicle registration and fitness fee payments online. Occasion was the presentation of the prototye to the TAJ, at eGov Jamaica Limited — Chief Executive Officer, eGov Jamaica Limited, Maurice Barnes, explains aspects of the application (app) the entity is developing for Tax Administration Jamaica (TAJ) to facilitate motor-vehicle registration and fitness fee payments online. Occasion was the presentation of the prototye to the TAJ, at eGov Jamaica Limited's offices in St. Andrew on November 20.

TAJ Developing App for Motor Vehicle Registration and Fitness Payments

Planning Institute of Jamaica (PIOJ) Director General, Dr. Wayne Henry (right), addressing journalists during the quarterly media at the PIOJ’s New Kingston head office on Wednesday (November. 21). Looking on is Senior Director for the PIOJ’s Economic Planning, Research and Policy Logistics Division, James Stewart.

PIOJ Reports 1.9 Per Cent Growth for July to September Quarter

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Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (right), shares a light moment with (from left) Canada’s High Commissioner to Jamaica, Her Excellency Laurie Peters; Caribbean Development Bank (CDB) Director of Projects, Daniel Best; and Inter-American Development Bank (IDB) Caribbean Department Manager, Therese Turner-Jones, during Tuesday’s (November 20) opening ceremony for the Compete Caribbean Partnership Facility (CCPF) forum at the Marriot Courtyard Hotel in New Kington.

7 years ago Finance & Public Service

IDB A Steadfast Partner – Minister Clarke

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Inter-American Development Bank (IDB) has been an important partner over the past 10 years, playing a pivotal role in the country’s economic turnaround. He noted that the IDB came to Jamaica’s aid “at our time of greatest need”. “The IDB, led by President, Luis Alberto Moreno, took...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (right), converses with (from left): Caribbean Development Bank Director of Projects, Daniel Best; Canada’s High Commissioner to Jamaica, Her Excellency Laurie Peters; and Inter-American Development Bank Caribbean Department Manager, Therese Turner-Jones, during Tuesday’s (November 20) opening ceremony for the Compete Caribbean Partnership Facility forum, titled ‘Towards Exponential Growth in Jamaica’, at the Marriot Kingston Hotel.

7 years ago Finance & Public Service

Trustees to be Given Permission to Invest Five Per Cent of Pension Fund in Venture Capital

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says Jamaica’s pensions industry framework is to be revised to enable trustees to invest up to five per cent of the $550 billion accumulated, in venture capital. This, he said, equates to $25 billion and will represent a “game changer” for business opportunities, innovation and growth, coming from a...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (centre), in discussion with Commissioner of Customs, Jamaica Customs Agency, Velma Ricketts Walker (left) and Country Manager, World Bank, Galina Sotirova, at a stakeholder consultation on the legislative reform for the repeal and replacement of the Customs Bill, at the Shipping Association of Jamaica offices, Newport West, Kingston, on November 19.

7 years ago Finance & Public Service

Finance Minister Says Modernised Customs Legislation Will Improve Ease of Doing Business

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the modernised Customs legislation will create an environment that facilitates greater trading opportunities while improving the ease of doing business in the 21st century. Dr. Clarke was speaking at a stakeholder consultation on the legislative reform for the repeal and replacement of the Customs Bill, at the...

Governor of the Bank of Jamaica (BOJ), Brian Wynter, emphasises a point at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.

7 years ago Finance & Public Service

Exchange Rate Continues to Show Flexible Two-Way Movements

Governor of the Bank of Jamaica, Brian Wynter, says the exchange rate has continued to exhibit flexible two-way movements. Speaking at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19, the Governor said that at the time of the Bank’s last press conference, the exchange rate was on an upswing, and this...

Governor of the Bank of Jamaica (BOJ), Brian Wynter, addresses the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.

7 years ago Finance & Public Service

BOJ Governor Says Prospects for Economy Positive

Governor of the Bank of Jamaica (BOJ), Brian Wynter, says the prospects for the Jamaican economy are positive, and the Bank projects continued recovery in economic activity. “The expected growth predominantly reflects an improvement in net external demand, buoyed by increased production in mining and quarrying and expansion in construction and tourism-related activities,” Mr. Wynter said. He was speaking at...

Governor of the Bank of Jamaica (BOJ), Brian Wynter, emphasises a point at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.

7 years ago Finance & Public Service

Inflation Back on Target – BOJ

Governor of the Bank of Jamaica (BOJ), Brian Wynter, says the inflation rate is back on target. Speaking at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19, Mr. Wynter noted that inflation had fallen below the four per cent to six per cent target between March 2018 and August 2018. “However,...

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (right), converses with (from left) Head of the European Union Delegation to Jamaica, Belize, Turks and Caicos Islands, Bahamas and the Cayman Islands, Ambassador Malgorzata Wasilewska, and Jamaica Stock Exchange (JSE) Managing Director, Marlene Street Forrest, during a Jamaica Social Stock Exchange (JSSE) stakeholder sensitization luncheon, hosted by the JSE at the Terra Nova Hotel in St. Andrew on Friday (Nov. 16).

7 years ago CommerceFinance & Public Service

Minister Shaw Endorses Proposed Jamaica Social Stock Exchange

Industry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw, has endorsed the proposed establishment of the Jamaica Social Stock Exchange [JSSE]. This is being initiated by the Jamaica Stock Exchange [JSE] as part of its corporate social responsibility. The endeavour aims to create a platform that lists the country’s social enterprises and not-for-profit entities and their projects, designed to assist...