The International Monetary Fund (IMF) Country Team is returning to Jamaica this week to continue discussions with the Government on a successor arrangement. Minister of Finance and the Public Service, Hon. Audley Shaw made the disclosure during the sitting of the House of Representatives on Tuesday, September 20. In 2013, Jamaica signed a US$932.3-million four-year Extended Fund Facility (EFF) agreement...

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, has highlighted the importance of Cabinet approving an implementation plan this month for the public-sector reform process. Mr. Byles, making a presentation at the monthly EPOC press briefing at the Sagicor building in New Kingston, yesterday (September 13), said this is a structural benchmark to be achieved under Jamaica’s Extended Fund...

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, has described the 1.1 per cent growth in gross domestic product (GDP) for the April to June quarter as “pretty good”, and that he expects the country to continue this momentum. Addressing the Committee’s monthly press briefing at the Sagicor head office in New Kingston, yesterday (September 13), Mr. Byles said...

Jamaica’s current account has recorded a surplus of US$116.3 million for the January to March 2016 quarter. Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, said preliminary Balance of Payments reports from the Bank of Jamaica (BOJ), show this is an improvement of US$136.5 million relative to the corresponding period in 2015. Mr Byles, addressing EPOC’s monthly press...

Finance and the Public Service Minister, Hon. Audley Shaw, says he intends to table a Bill in Parliament to restore incentives under the Junior Stock Exchange. Speaking at a Jamaica Employers’ Federation (JEF) breakfast meeting at The Knutsford Court Hotel, in Kingston, today (September 13), the Minister announced that the Bill will be tabled either today or Tuesday, September 20....

Public-sector medical consultants have signed a Heads of Agreement with the Government for the 2015/2017 contract period. Under the two-year wage agreement, they will receive a four per cent salary increase for year one and three per cent in year two. The contract was signed today (September 2), at the Finance and the Public Service Ministry in Kingston. The agreement...

The Government of Jamaica has partnered with the Inter-American Development Bank (IDB) to host Latin America and the Caribbean’s largest annual entrepreneurship and microfinance conference in Montego Bay, St. James, in October. FOROMIC, which seeks to provide a space for business and financial innovations, as well as a platform for microfinance, will be held from October 24 to 26 at...