Finance and Public Service Minister, Hon. Audley Shaw, says the Government is seeking to maintain and build on the momentum resulting from the 2.2 per cent rate of economic growth recorded during the July to September quarter. In reiterating that this was the highest out-turn since 2007, Mr. Shaw said Jamaica’s macroeconomic environment was stabilising, with the prospects for further...

The Government has made it easier for small and medium-sized enterprise (SME) operators to access $2.4 billion in loan funds, by using non-traditional collateral. Minister of Finance and the Public Service, Hon. Audley Shaw, says a policy decision by the administration has allowed the Bank of Jamaica (BOJ), to reduce risks associated with loans issued by deposit-taking institutions that are...

The Government has made it easier for small and medium-sized enterprise (SME) operators to access $2.4 billion in loan funds, by using non-traditional collateral. Minister of Finance and the Public Service, Hon. Audley Shaw, says a policy decision by the administration has allowed the Bank of Jamaica (BOJ), to reduce risks associated with loans issued by deposit-taking institutions that are...

General Manager of the Inter-American Development Bank’s (IDB) Caribbean Country Department, Therese Turner-Jones, says the prospect for growth in the Jamaican economy is better than it has ever been. “This is possible as long as oil prices remain low and as long as the macroeconomic situation remains stable, and by that I mean the debt is coming down,” she said....

Jamaica has received some US$50 million ($6.41 billion) in loan funding from the Inter-American Development Bank (IDB), under its Fiscal Structural Programme for Economic Growth (FISPEG) III. The loan will boost tax revenues, enhance control over budgetary expenditure and reinforce customs administration effectiveness. Speaking at the signing ceremony, held today (December 19), at the  Ministry of Finance and the Public...

President and Chief Executive Officer of Sagicor Group, Richard Byles, is urging the Government to consider implementing a reverse mortgage programme as an additional source of funds for retirees. He said it would enable retirees to borrow against their home's equity, while maintaining ownership of the property. Under this scheme, no repayment of the mortgage, principal or interest is required until...

On Sunday, December 18, 2016, Jamaica joins other member states of the United Nations in celebration of International Migrants Day, in recognition of the rights, efforts and invaluable contributions of migrants worldwide.  International Migration has been an integral part of the historical and contemporary experience of most Jamaicans. The new era of migration in the 21st century brings about its...