Eleven members of the World Bank Group (WBG) Board of Executive Directors will pay a two-day visit to Jamaica from Thursday (September 14) to Saturday, (September 16). The delegation, representing 98 member countries from the Caribbean, Latin America, North America, Europe, Africa, Middle East, Asia, and the Pacific, will discuss Jamaica’s development priorities, emerging opportunities and challenges. They will also...

Eleven members of the World Bank Group’s (WBG) Board of Executive Directors, representing 98 member countries from the Caribbean, Latin America, North America, Europe, Africa, Middle East, Asia, and the Pacific, will undertake a two-day visit to Jamaica. The delegation will discuss Jamaica’s development priorities, emerging opportunities and challenges, as well as WBG engagement in support of the country’s efforts...

Minister of Finance and the Public Service, Hon. Audley Shaw, says building of the North-South Highway has opened up business opportunities for Port Royal, and investors should seize the moment. Mr. Shaw, who was delivering the keynote address at the commissioning of a Jetty at the Port Royal Sufferance Wharf, run by the Jamaica Customs Agency (JCA), on August 30,...

The Planning Institute of Jamaica (PIOJ) is reporting that the country grew by an estimated 0.3 per cent for the April to June 2017 quarter. It has also noted that the country has now recorded 10 consecutive quarters of positive economic growth. Director General, Dr. Wayne Henry, says growth in the June 2017 quarter reflects a 1.2 per cent increase...

Minister of Finance and the Public Service, Hon. Audley Shaw, has informed that the debt trajectory under the Government’s economic programme is expected to fall to 108.6 per cent of the gross domestic product (GDP) by the end of the 2017/18 fiscal year. Currently, the debt trajectory stands at 115 per cent of GDP. Speaking at a press conference at...

Finance and the Public Service Minister, Hon. Audley Shaw, has been named Finance Minister of the Year for the Caribbean by the GlobalMarkets newspaper. The publication focuses on the International Monetary Fund, World Bank, European Bank for Reconstruction and Development, Asian Development Bank, and the Inter-American Development Bank annual meetings Managing Editor of the publication, Toby Fildes, noted that Mr....

Deputy Governor of the Bank of Jamaica (BOJ), Livingstone Morrison, says the central bank must create opportunities for the exploitation of certain technologies, including cryptocurrency. Informing that this is an area the Bank is exploring, Mr. Morrison pointed out that such technologies should not pose undue risk to the local financial system. Presently, Mr. Morrison informed that the Bank has...