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Minister of Finance and the Public Service, Hon. Audley Shaw, addresses the House of Representatives on July 18.
Minister of Finance and the Public Service, Hon. Audley Shaw, addresses the House of Representatives on July 18.

House Approves Withdrawal of Funds from CDF

The House of Representatives has approved the withdrawal of $715.687 million from the Capital Development Fund (CDF), to provide budgetary support to the Jamaica Bauxite Institute (JBI), among other things. Minister of Finance and the Public Service, Hon. Audley Shaw,...
Chief Executive Officer of the Management Institute for National Development (MIND), Dr. Ruby Brown (right), makes a point to Acting Financial Secretary at the Ministry of Finance and the Public Service, Everton McFarlane, at the opening of the MIND Conference at The Jamaica Pegasus hotel, on July 19.
Chief Executive Officer of the Management Institute for National Development (MIND), Dr. Ruby Brown (right), makes a point to Acting Financial Secretary at the Ministry of Finance and the Public Service, Everton McFarlane, at the opening of the MIND Conference at The Jamaica Pegasus hotel, on July 19.

Senior Public Sector Managers Urged to Make Leadership Development a Priority
State Minister in the Ministry of Finance and the Public Service, Hon. Fayval Williams (2nd left), is briefed on details of the Statistical Institute of Jamaica’s National Strategy for the Development of Statistics (NSDS) by Director General, Carol Coy (2nd right), following the opening of a stakeholders’ training workshop at the Terra Nova Hotel in St. Andrew on Tuesday, July 18. Also listening are (from left): Regional Programme Coordinator, Asia-Pacific and Small Island Developing States, Partnership in Statistics for Development in the 21st Century (PARIS21), Millicent Gay Tejada; and United Nations Development Programme Deputy Resident Representative in Jamaica, Dr. Elsie Laurence Chounoune.
State Minister in the Ministry of Finance and the Public Service, Hon. Fayval Williams (2nd left), is briefed on details of the Statistical Institute of Jamaica’s National Strategy for the Development of Statistics (NSDS) by Director General, Carol Coy (2nd right), following the opening of a stakeholders’ training workshop at the Terra Nova Hotel in St. Andrew on Tuesday, July 18. Also listening are (from left): Regional Programme Coordinator, Asia-Pacific and Small Island Developing States, Partnership in Statistics for Development in the 21st Century (PARIS21), Millicent Gay Tejada; and United Nations Development Programme Deputy Resident Representative in Jamaica, Dr. Elsie Laurence Chounoune.

State Minister Welcomes Move to Establish National Statistics Framework
Finance and the Public Service Minister, Hon. Audley Shaw (right), is greeted by Chief Executive Officer (CEO) of Sygnus Capital Limited (SCL) Berisford Grey, at the launch of the company at the Porsche Centre in New Kingston on July 12.
Finance and the Public Service Minister, Hon. Audley Shaw (right), is greeted by Chief Executive Officer (CEO) of Sygnus Capital Limited (SCL) Berisford Grey, at the launch of the company at the Porsche Centre in New Kingston on July 12.

Overseas Investors Express Interest in Vernamfield Development
Minister of Finance and the Public Service, Hon. Audley Shaw, addresses the House of Representatives. (FILE)
Minister of Finance and the Public Service, Hon. Audley Shaw, addresses the House of Representatives. (FILE)

Legislation Passed For TEF, JCAA and CHASE Money to be Put in Consolidated Fund

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Minister of Finance and the Public Service, Hon. Audley Shaw (left), makes a presentation to Alicia Morgan Jarrett of the Trelawny Municipal Corporation in recognition of the local authority’s performance in the collection of property tax. Occasion was a luncheon at the Hilton Rose Hall Resort in St. James on July 7 for members of the all-island property tax collection team.
Finance & Public Service

Property Tax Collection Strong for First Quarter

Minister of Finance and the Public Service, Hon. Audley Shaw, is reporting an increase in property tax collections for the first quarter of 2017/18, with $3.7 billion garnered for April to June. The figure is $400 million higher than the $3.3 billion raked in for the similar period of 2016/17, when the county collected a record $7.62 billion in property...
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Minister of Finance and the Public Service, Hon. Audley Shaw, addresses the House of Representatives on June 28.
Finance & Public ServiceParliament

House Passes Bill to Allow Withdrawal from NHT

The Government is to continue withdrawing $11.4 billion annually from the National Housing Trust (NHT) to support the budget for the next four years. Legislation to effect this was passed in the House of Representatives on Wednesday (June 28). The National Housing Trust (Amendment) (Special Provisions) Bill was piloted by Minister of Finance and the Public Service, Hon. Audley Shaw....
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Finance & Public Service

DBJ Builds Capacity of Three University-Based Incubators

PRESS RELEASE - The Development Bank of Jamaica (DBJ), through its Jamaica Venture Capital Programme (JVCP), has announced that it is providing a programme of capacity building and technical assistance (CB-TC) to three university-based incubators over an 18-month period. The programme of intervention is multi-pronged and covers, a needs assessment, a ‘study tour’, the development of a strategic plan, and...
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Finance & Public Service

Jamaica ranks 8th on LAVCA Scorecard

PRESS RELEASE - Jamaica’s continued quest to develop a sustainable private equity and venture capital industry has once again been recognized by the Latin American Private Equity and Venture Capital Association (LAVCA) Scorecard for 2017/18, moving up five (5) points, and ranking a joint 8 th with two other countries, on the 11-member Scorecard. Jamaica’s improved ranking puts it on...
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Finance and Public Service Minister, Hon. Audley Shaw (centre), and World Bank Country Manager for Jamaica, Galina Sotirova (right), sign the multilateral institution’s J$9.01 billion (US$70 million) Second Competitiveness and Fiscal Management Programmatic Development Policy Loan agreement on June 28 at the Ministry’s offices in Kingston. At left is State Minister in the Ministry of Finance and the Public Service, Hon. Fayval Williams.
Finance & Public Service

Development Approval Time to be Reduced from 90 to 60 Days by March 2018

The Government is targeting a reduction in the development approval process timeline from 90 to 60 days by March 2018. Additionally, the Administration has taken steps to reduce the time taken to establish a business by facilitating an electronic registration process, Finance and Public Service Minister, Hon. Audley Shaw, has said. These measures, he indicated, form part of the thrust...
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Senior Economist at the World Bank, Philip Schuler.
Finance & Public Service

World Bank Says Jamaica is Poised for Increased Growth

The World Bank says Jamaica is poised to generate increased economic growth of two per cent and more per annum by the 2018/19 fiscal year. The Bank’s Lead Economist, Philip Schuler, says this projection is based on the Government’s prudent fiscal stance and the resulting stable inflation rate; improvement in the country’s current account balance; and heightened business confidence, which...
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Finance & Public Service

More Support From World Bank

The Government’s economic reform agenda will be further boosted with the provision of another World Bank Development Policy Loan (DPL) in the sum of approximately J$9.05 billion (US$70 million). This provision will further underpin the Administration’s ongoing policy implementation, aimed at spurring growth and development while enhancing Jamaica’s global competitiveness. The loan, which is the third by the Bank since...
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