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Minister of Finance and the Public Service, Hon. Audley Shaw (right), responds to a question during the meeting of the Standing Finance Committee of Parliament held on Wednesday (February 28). At left is Acting Permanent Secretary in the Ministry of Local Government and Community Development, Marsha Henry-Martin.

Gov’t Considers Selling JPS Shares to Clear Streetlight Debt

The Government is giving consideration to selling some of its shares in the Jamaica Public Service (JPS) in order to clear the debt owed to the company for streetlights. This was disclosed by Minister of Finance and the Public Service,...

Minister of Finance and the Public Service, Hon. Audley Shaw.

260 Public-Sector Workers Register for SERP so Far

Minister of Finance and the Public Service, Hon. Audley Shaw (left), makes a point during the Standing Finance Committee meeting in the House of Representatives on February 28. At right is Financial Secretary, Darlene Morrison, and at centre is Deputy Financial Secretary, Lorris Jarrett.

Public Debt Servicing Below 40 Per Cent of National Budget

Minister of Finance and the Public Service, Hon. Audley Shaw (centre), shares a light moment with (from left), President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, and State Minister in the Finance Ministry, Hon. Fayval Williams. Occasion was a cultural event on the east lawns of Devon House on Tuesday (February 27). The Ministry of Finance hosted the event for participants in the IDB’s 7th Annual Caribbean Governors Meeting, which was held over two days at The Jamaica Pegasus hotel in New Kingston.

Cultural Evening for Caribbean Governors

President of the Inter-American Development Bank (IDB), Luis Alberto Moreno (second left), highlights a point to Minister of Finance and the Public Service, Hon. Audley Shaw (right), prior to the commencement of the opening plenary session for the 7th Annual Caribbean Governors’ Meeting of the IDB on Tuesday (February 27) at The Jamaica Pegasus hotel in New Kingston. Also pictured (from left) are business tycoon, Richard Branson; and General Manager for the IDB’s Country Department, Therese Turner-Jones.

“Jamaica is on The Path to becoming the Caribbean’s First Digital society” – IDB Group President Luis Alberto Moreno

Finance and the Public Service Minister, Hon. Audley Shaw (left), and Inter-American Development Bank (IDB) President, Luis Alberto Moreno, sign agreements for IDB loans totalling US$248 million, which have been provided for the National Identification System (NIDS), Public Sector Transformation Programme and national security strengthening, during a ceremony at The Jamaica Pegasus hotel, New Kingston, on Monday (February 26).

8 years ago Finance & Public Service

IDB Provides US$248 Million for Key Government Initiatives

The Inter-American Development Bank (IDB) has provided US$248 million in loan support for three key government initiatives. A total of US$160 million has been earmarked for the Public Sector Transformation Project; US$68 million for the National Identification System (NIDS); and US$20 million to further boost national security technology inputs. Finance and the Public Service Minister, Hon. Audley Shaw, and IDB...

President of the Inter-American Development Bank (IDB), Luis Alberto Moreno (at podium), addresses the opening plenary session for the 7th Annual Caribbean Governors’ Meeting of the IDB on Tuesday (February 27) at The Jamaica Pegasus hotel in New Kingston.

8 years ago Finance & Public Service

IDB President Commends Jamaica

President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, has praised Jamaica on the progress made in reforming its macroeconomic environment. “We believe that Jamaica is turning around, and I think this is an example for the rest of the Caribbean that when a country decides to bite the bullet, I think the collective part of the international community...

8 years ago Budget 2018/2019Finance & Public Service

Project to Minimise Impact of Climate Change on Fishing

As part of efforts to minimise the impact of climate change on fishing livelihoods, a campaign will be designed and executed in the upcoming fiscal year. A sum of $22.8 million has been set aside in the 2018/19 Estimates of Expenditure to facilitate this undertaking under the Fisheries Ecosystem Adaptation Strategies and Technologies project. The Estimates were tabled recently in...

Finance and Public Service Minister, Hon. Audley Shaw (2nd left), shares a light moment with (from left): National Security Minister, Hon. Robert Montague; Inter-American Development Bank (IDB) President, Luis Alberto Moreno; and Bank of Jamaica Governor, Brian Wynter, during Monday’s (February 26) reception at the Jamaica Pegasus Hotel, New Kingston, to welcome officials attending the IDB’s seventh annual Caribbean Governors’ Conference. The meeting is being held today (February 27) at the Jamaica Pegasus, under the theme: ‘Jump Caribbean’.

8 years ago Finance & Public Service

Government and IDB Explore Expansion of Loan Portfolio

Finance and Public Service Minister, Hon. Audley Shaw, says the Government and Inter-American Development Bank (IDB) are exploring the possible expansion of the IDB’s private sector loan portfolio in Jamaica. While noting that the private sector has access to significant low-cost single-digit interest rates, citing the IDB’s partial credit guarantee loan programme for micro and small enterprises disbursed through the...

8 years ago Budget 2018/2019Finance & Public Service

$88.8 Billion Allocated for Debt Repayment

The Government has allocated $88.84 billion in the 2018/19 Estimates of Expenditure, now before the House of Representatives, for debt repayment this year. Of this sum, the lion’s share of $58.6 billion will go towards repaying Jamaican dollar benchmark investment notes issued under the Jamaica Debt Exchange/National Debt Exchange (JDX/NDX) initiatives. The second largest provision of $17 billion is earmarked...

8 years ago Finance & Public Service

Two-Day IDB Caribbean Governors Meeting

A two-day meeting of Caribbean governors of the Inter-American Development Bank (IDB) gets underway on Monday (Feb. 26), at the Jamaica Pegasus Hotel in New Kingston. The seventh annual Caribbean Governors’ Meeting is being hosted by the Bank of Jamaica under the theme: ‘Jump Caribbean.’ It will focus on helping the Caribbean to embrace the digital revolution as a developmental...

Deputy Financial Secretary, Strategic Human Resource Management, Ministry of Finance and the Public Service, Wayne Jones, speaking at a Think Tank held at the Jamaica Information Service’s head office in Kingston recently.

8 years ago Finance & Public Service

Special Early Retirement Programme Deadline Extended

The deadline for the Government’s Special Early Retirement Programme (SERP) has been extended to February 28, 2018. The SERP is a voluntary separation initiative that allows public-sector employees, aged 50 to 59, under the non-contributory government pension scheme to take up early retirement through an incentivised package. Speaking at a JIS Think Tank recently, Deputy Financial Secretary, Strategic Human Resource...