Latest

Minister of State in the Ministry of Finance and the Public Service, Hon. Fayval Williams, addresses the opening of the 12th Inter-American Network on Government Procurement (INGP) conference, at the Montego Bay Convention Centre, in St. James, on November 29.

State Minister Emphasises Importance of Public Procurement

Minister of State in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says public procurement is a viable means of stimulating sustained economic growth and development. Mrs. Williams was speaking at the opening of the 12th Inter-American...

Prime Minister, the Most Hon. Andrew Holness (right), looks over documents just before the start of a press conference at Jamaica House on Thursday (June 16), to announce road improvement projects to be undertaken by the Government. Looking on is Minister of Finance and the Public Service, Hon. Audley Shaw. (File Photo)

New Oversight Committee for Standby Arrangement with IMF

Finance and the Public Service Minister, Hon. Audley Shaw (centre), and State Minister, Hon. Fayval Williams (left), are greeted by Jamaica Civil Service Association (JCSA) President, O’Neil Grant, during the JCSA’s National Church Service at Hope United Church in St. Andrew, on Sunday, November 20. The service was held to mark the start of Civil Service Week 2016. The week is being observed from November 20 to 25 under the theme ‘Driving Change: Celebrating Excellence in a Transformed Public Sector’.

State Minister Says Public-Sector Transformation is Real

Finance and Public Service Minister, Hon. Audley Shaw, emphasises a point while addressing the Public Investment Management System (PIMS) launch and sensitization forum at the Knutsford Court Hotel in New Kingston, on June 2. Listening keenly is Planning Institute of Jamaica (PIOJ) Deputy Director General, Richard Lumsden, who chaired the function. ( File Photo)

Moody’s Investor Services Upgrades Jamaica Sovereign Rating and Revises Outlook from Positive to Stable

Minister of Finance and the Public Service, Hon. Audley Shaw (right), shares a joke with Bank of Jamaica Governor, Brian Wynter, during the 2nd LatinFinance Caribbean Finance and Investment Forum, held on November 17 at the Montego Bay Convention Centre.

Seamless Transition to the Formal Economy Deemed Vital

More

Minister of Finance and the Public Service, Hon. Audley Shaw (right), shares a joke with Bank of Jamaica Governor, Brian Wynter, during the 2nd LatinFinance Caribbean Finance and Investment Forum, held on November 17 at the Montego Bay Convention Centre.

9 years ago Finance & Public Service

Jamaica Reaffirms Commitment to Addressing Derisking

Finance and Public Service Minister, Hon. Audley Shaw, says Jamaica’s international partners can rest assured of the country’s commitment to addressing the challenges fuelling de-risking. This, he said, through its robust regulatory framework for anti-money laundering (AML) and combating the financing of terrorism (CFT), noting that Jamaica and neighbouring Caribbean territories “have been playing an important role” in this regard....

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry.

9 years ago Finance & Public Service

Positive Outlook for October to December Quarter

The Planning Institute of Jamaica (PIOJ) has indicated that there is a positive economic outlook for the current quarter of October to December 2016. Director General, Dr. Wayne Henry, said real gross domestic product (GDP) for the period is expected to grow within the range of one to two per cent. This, he said, is due to the anticipated strengthening...

Minister of Finance and the Public Service, Hon. Audley Shaw (second right), is greeted by Vice President for Investment Banking at the National Commercial Bank (NCB) Herbert Hall (second left), when he arrived to address the LatinFinance’s 2nd Caribbean Finance and Investment Forum, held on November 17 at the Montego Bay Convention Centre. Others (from left) are Chief Executive Officer at NCB Capital Markets, Steven Gooden; Resident Representative of the International Monetary Fund (IMF), Constant Lonkeng, and CEO of LatinFinance, Taimur Ahmad.

9 years ago Finance & Public Service

Jamaica Best Place to do Business – Finance Minister

Minister of Finance and the Public Service, Hon. Audley Shaw, says Jamaica is uniquely positioned as one of the best places in the Caribbean and Latin America in which to do business. Mr. Shaw argues that this has been bolstered by the establishment of a Ministry of Economic Growth and Job Creation, and also the Economic Growth Council which outlines...

Finance and the Public Service Minister, Hon Audley Shaw (left), addresses the launch of the annual Public Sector Corporate Governance Awards, held yesterday (November 16) at the Banquet Hall, Jamaica House. Listening (from second left) are Chief Executive Officer, The Private Sector Organisation of Jamaica (PSOJ), Dennis Chung,; PSOJ President, Paul Scott; and Chair of the PSOJ Corporate Governance Committee, Greta Bogues.

9 years ago Finance & Public Service

Public Sector Corporate Governance Awards Launched

The Ministry of Finance and the Public Service, and The Private Sector Organisation of Jamaica (PSOJ) have partnered to establish the annual Public Sector Corporate Governance Awards. The initiative seeks to recognise and reward public bodies that have established high standards of corporate governance disclosure and practices. It aims to promote awareness of and adherence to the principles of good...

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry. (FILE)

9 years ago Finance & Public Service

Unemployment Rate Lowest in Five Years

Unemployment in Jamaica continues to decline, with the figure at 12.9 per cent as at July 2016, the lowest quarterly rate in five years. This is according to the latest Labour Force Survey undertaken by the Statistical Institute of Jamaica (STATIN). The rate for the July quarter was 0.2 per cent lower than the figure recorded for January 2015 and...

Bank of Jamaica (BOJ) Governor, Brian Wynter (centre), emphasises a point during the Bank’s quarterly media briefing at the BOJ auditorium in downtown Kingston on Monday (November 14). He is flanked by BOJ Senior Deputy Governor, John Robinson (left); and Deputy Governor, Dr. Wayne Robinson.

9 years ago Finance & Public Service

Growth in Private-Sector Credit

Bank of Jamaica (BOJ) Governor, Brian Wynter, says commercial bank credit to the private sector continues to grow steadily. He said provision of credit for the 12-month period ending September 2016, increased by 14.3 per cent, relative to the 7.8 per cent for the corresponding period last year. Mr. Wynter said that this reflected strong credit growth of 12.2 per...

9 years ago Economic Growth & Infrastructure DevelopmentFinance & Public Service

Government’s Commitment to Economic Growth Gets IMF’s Executive Board Approval of Stand By Arrangement

The Executive Board of the International Monetary Fund (IMF) approved a three-year US$1.64 billion Stand-By Arrangement (SBA) for Jamaica, as a signal of its continued support of the Government of Jamaica’s (GOJ) economic programme and the strengthening of the country’s macroeconomic framework. The Stand-By Arrangement will replace the existing Extended Fund Facility (EFF) which was scheduled to end in March...