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Minister of Finance and the Public Service, Hon. Audley Shaw (seated, left); and Head of the European Union (EU) Delegation to Jamaica, Malgorzata Wasilewska (seated, right) affix their signatures to copies of the document for the disbursement of €6.5 million (J$910.2 million) in EU grant funding to Jamaica. At centre is Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda. Overseeing the process is Senior Negotiations Officer in the Finance Ministry, Nadine James. The signing took place at the National Heroes Circle offices of the Ministry of Finance and the Public Service in Kingston on January 19. The money is being provided under the EU’s Accompanying Measures for Sugar Protocol Countries, Jamaica (AMS 2013) Project, which provides support to the country’s sugar industry.

More Assistance for Residents in Sugar-Dependent Areas

Residents in sugar-dependent areas across the island are to benefit from an additional €6.5 million (J$910.2 million) in grant support from the European Union (EU). The money, which is being provided under the EU’s Accompanying Measures for Sugar Protocol Countries,...

Deputy President of the Senate, Aubyn Hill, highlights a point while opening the State of the Nation Debate in the Upper House, yesterday (January 20).

Tax Relief Results in Greater Revenue Collection

Finance and Public Service Minister, Hon. Audley Shaw, addressing Thursday’s (Oct. 13) joint press conference at the Office of the Prime Minister (OPM) where details of a new three-year US$1.7 billion precautionary standby successor agreement for the existing International Monetary Fund (IMF) Extended Fund Facility (EFF), which concludes in March 2017, were outlined. (FILE)

Finance Minister Says Transformation is About Efficiency

Finance and Public Service Minister, Hon. Audley Shaw. (FILE)

Gov’t Allocates Funds to Complete FINSAC Report

Minister of Finance and the Public Service, Hon. Audley Shaw (right), shares in a light moment with Chief Executive Officer of Mayberry Investments Limited, Gary Peart, at the Mayberry Investor Forum, held on January 18, at The Knutford Court Hotel, in New Kingston. Mr. Shaw was the guest speaker.

Jamaica Can Have Productive Relationship with New US Government – Shaw

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Employees at one of several Business Process Outsourcing (BPO) entities operating out of the Montego Bay Free Zone. (File photo)

9 years ago Finance & Public Service

Unemployment Down

The unemployment rate has continued to decline despite an increase in the labour force, that is, the number of persons actively seeking employment. This was disclosed by Minister of Finance and the Public Service, Hon. Audley Shaw, as he opened the debate on the first Supplementary Estimates for the 2016/17 fiscal year, in the House of Representatives on January 17....

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

9 years ago Finance & Public Service

Business Confidence at All-Time High

Minister of Finance and the Public Service, Hon. Audley Shaw, says business confidence in Jamaica is at an all-time high. Addressing the House of Representatives on January 17, he informed that the latest Business Confidence Index for December 2016 shows a 15.4 per cent increase compared to the index in the last quarter of 2015. “This was reported to be...

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

9 years ago Finance & Public Service

Finance Minister Expects 2% Growth for 2016/17

Minister of Finance and the Public Service, Hon. Audley Shaw, says he expects growth in the economy to be about two per cent by the end of the 2016/17 fiscal year. The Minister was opening the Debate on the first Supplementary Estimates in the House of Representatives on January 17. Tabled on January 10, the Estimates showed that the budget...

Leader of Government Business in the Senate, Hon. Kamina Johnson Smith, speaking in the Senate. (FILE)

9 years ago Finance & Public Service

Bills Passed to Establish Int’l Financial Services Centre

Jamaica has moved a step closer to establishing an international financial services centre, with the passage of two key pieces of legislation in the Senate on Friday (January 13). These are the General Partnership Bill, which will formalise the process for foreign partnerships looking to transact business in Jamaica and facilitate mergers and conversion of partnerships; and the Limited Partnership...

Finance and Public Service Minister, Hon. Audley Shaw. (FILE)

9 years ago Finance & Public Service

Finance Minister Reviewing Capital Expenditure Programme

Finance and the Public Service Minister, Hon. Audley Shaw, says he is reviewing the capital expenditure programme for the rest of the 2016/17 fiscal year ahead of making a presentation to Cabinet on Monday, January 16. He made the disclosure while addressing journalists at the Ministry’s National Heroes Circle offices in Kingston on Wednesday (January 11). Mr. Shaw said that...

Finance and the Public Service Minister, Hon. Audley Shaw (left), emphasises a point to Inter-American Development Bank (IDB) Country Department Caribbean Group General Manager, Therese Turner-Jones, after both signed an agreement formalising the IDB’s authorisation of partial use of Jamaica’s public-procurement system guidelines for implementing projects funded by the multilateral institution. The signing took place at the Ministry’s National Heroes Circle offices in Kingston on January 11.

9 years ago Finance & Public Service

Finance Minister Urges Expeditious Execution of Procurement Procedures

Finance and the Public Service Minister, Hon. Audley Shaw, is urging the expeditious execution of public-procurement procedures and processes that are pivotal in facilitating speedier capital expenditure and project implementation. This call is directed at persons with responsibility for procurement in Government Ministries, Departments and Agencies (MDAs). Speaking at the signing of an agreement with the Inter-American Development Bank (IDB)...

Finance and the Public Service Minister, Hon. Audley Shaw (left), signs the agreement formalising the Inter-American Development Bank’s (IDB) authorisation of partial use of Jamaica’s public procurement system for implementing IDB-funded projects. The signing took place at the Ministry’s National Heroes Circle offices in Kingston on Wednesday, January 11. Looking on is IDB Country Department Caribbean Group General Manager, Therese Turner-Jones, who also signed.

9 years ago Finance & Public Service

IDB Authorises Partial Use of National Procurement System

The Inter-American Development Bank (IDB) has authorised partial use of the national public-procurement system for the acquisition of goods and services for IDB-funded projects. State agencies can now use the procurement guidelines, rather than the IDB’s, once these are outlined in loan and grant agreements for current or impending projects. This undertaking was formalised in an agreement signed by Finance...