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Minister of State with responsibility for the Public Service, Hon. Rudyard Spencer (left), signs the Heads of Agreement for the contract period 2015/2017 allowing for certain fringe benefits to public-sector workers of central ministries, departments and agencies of Government, at the Finance and the Public Service Ministry in Kingston, on August 24. At right is Jamaica Civil Service Association of Jamaica (JCSA) President, O’Neil Grant.
Minister of State with responsibility for the Public Service, Hon. Rudyard Spencer (left), signs the Heads of Agreement for the contract period 2015/2017 allowing for certain fringe benefits to public-sector workers of central ministries, departments and agencies of Government, at the Finance and the Public Service Ministry in Kingston, on August 24. At right is Jamaica Civil Service Association of Jamaica (JCSA) President, O’Neil Grant.

Gov’t and JCSA Sign Agreement for Certain Benefits

The Jamaica Civil Service Association (JCSA) and the Government have signed for certain fringe benefits peculiar to central government workers, under a Heads of Agreement for the contract period 2015/2017. The signing took place at the offices of the Ministry...
Minister of State with responsibility for the Public Service, Hon. Rudyard Spencer (second left), signs the Heads of Agreement for Public Sector Nurse Practitioners for the contract period 2015/2017, at the Finance and the Public Service Ministry in Kingston, on August 24. Participating in the signing (from left) are National Workers Union (NWU) Vice President, Arthur Grant; Heather Henry-McGrath and Ellotha Beckford Muschamp.
Minister of State with responsibility for the Public Service, Hon. Rudyard Spencer (second left), signs the Heads of Agreement for Public Sector Nurse Practitioners for the contract period 2015/2017, at the Finance and the Public Service Ministry in Kingston, on August 24. Participating in the signing (from left) are National Workers Union (NWU) Vice President, Arthur Grant; Heather Henry-McGrath and Ellotha Beckford Muschamp.

Public-Sector Nurse Practitioners Sign Wage Agreement
Prime Minister, the Most Hon. Andrew Holness (centre); Minister without Portfolio in the Office of the Prime Minister, Hon. Derrick Smith (right) and Managing Director of the Development Bank of Jamaica (DBJ), Mr. Milverton Reynolds, enjoy the performance of Asley Grey, at a ceremony at Jamaica House on August 23, where some 220 land titles were handed over to recipients from across the island.
Prime Minister, the Most Hon. Andrew Holness (centre); Minister without Portfolio in the Office of the Prime Minister, Hon. Derrick Smith (right) and Managing Director of the Development Bank of Jamaica (DBJ), Mr. Milverton Reynolds, enjoy the performance of Asley Grey, at a ceremony at Jamaica House on August 23, where some 220 land titles were handed over to recipients from across the island.

Low-Cost Loans Available at the Development Bank of Jamaica (DBJ)
Finance and Public Service Minister, Hon. Audley Shaw (left), listens as Head of the International Monetary Fund (IMF) Staff Mission Team to Jamaica, Dr. Uma Ramakrishnan, addresses journalists during the recent 13th IMF quarterly review media briefing at the Office of the Prime Minister (OPM).
Finance and Public Service Minister, Hon. Audley Shaw (left), listens as Head of the International Monetary Fund (IMF) Staff Mission Team to Jamaica, Dr. Uma Ramakrishnan, addresses journalists during the recent 13th IMF quarterly review media briefing at the Office of the Prime Minister (OPM).

Government Spends More to Protect the Most Vulnerable
Finance and Public Service Minister, Hon. Audley Shaw (left), responds to a question at today’s (August 19) 13th International Monetary Fund (IMF) quarterly review media briefing, held at the Office of the Prime Minister (OPM). Listening (from second left) are Head of the IMF Staff Mission Team to Jamaica, Dr. Uma Ramakrishnan; and IMF Resident Representative in Jamaica, Dr. Constant Lonkeng Ngouana.
Finance and Public Service Minister, Hon. Audley Shaw (left), responds to a question at today’s (August 19) 13th International Monetary Fund (IMF) quarterly review media briefing, held at the Office of the Prime Minister (OPM). Listening (from second left) are Head of the IMF Staff Mission Team to Jamaica, Dr. Uma Ramakrishnan; and IMF Resident Representative in Jamaica, Dr. Constant Lonkeng Ngouana.

Government and IMF Team to Discuss Successor Relationship

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Finance & Public Service

Government and IMF Team to Discuss Successor Relationship

An International Monetary Fund (IMF) team is scheduled to arrive within the next month for discussions with the Government on a successor relationship to the four-year Extended Fund Facility (EFF), which ends in April 2017. Finance and the Public Service Minister, Hon Audley Shaw, made the announcement during Friday’s (August 19) 13th IMF quarterly review media briefing, held at the...
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Finance and Public Service Minister, Hon. Audley Shaw (left), responds to a question at today’s (August 19) 13th International Monetary Fund (IMF) quarterly review media briefing, held at the Office of the Prime Minister (OPM). Listening (from second left) are Head of the IMF Staff Mission Team to Jamaica, Dr. Uma Ramakrishnan; and IMF Resident Representative in Jamaica, Dr. Constant Lonkeng Ngouana. (File photo).
Finance & Public Service

Jamaica on Track with IMF Targets

Jamaica is poised to secure a 13th drawdown, totalling US$40 million, from the International Monetary Fund (IMF). The country is deemed to have fulfilled all quantitative performance targets and associated structural benchmarks under the IMF Extended Fund Facility (EFF) for the April to June quarter. Disbursement of the funds is subject to the approval of the IMF’s Executive Board, which...
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Tax Administration Jamaica’s (TAJ) Senior Technical Specialist, Monica Walker (left), is in light discussion with Nicola Lee-Tavares of Women Initiating Financial Interest (WIFI); and Sales and Marketing Manager for EduComm Co-operative Credit Union, Delroy Scarlett. The occasion was an income tax seminar at the Management Institute for National Development (MIND) on Old Hope Road, St. Andrew on Wednesday, August 17. The seminar was organised by WIFI, under the theme ‘The Income Tax Break Implementation and Its Impact on Public Servants’.
Finance & Public Service

TAJ Provides Clarity on New Income Tax Regime

Tax Administration Jamaica (TAJ) has been assisting individual income earners and businesses to better understand the Government’s new $1.5-million income tax threshold. Senior Technical Specialist at TAJ, Monica Walker, said that the agency has been conducting public-education seminars island-wide. She noted that several entities and persons have reported challenges, particularly regarding the correlation between the initial threshold of $592,800, which...
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Economic Programme Oversight Committee (EPOC) Co-Chairman, Richard Byles, emphasises a point while addressing EPOC’s monthly media briefing at Sagicor Life Jamaica, New Kingston, recently. (File photo)
Finance & Public Service

Country in Good Shape to Generate Higher Growth – EPOC Co-Chair

Economic Programme Oversight Committee (EPOC) Co-Chairman, Richard Byles, believes Jamaica is much better positioned to generate higher levels of economic growth. He said this is based on a stabilisation of the “basic fundamentals” supporting the economic programme. Among these, the EPOC Co-Chairman said, are the Government’s consistent attainment of the primary surplus balance, increased net international reserves (NIR), decline in...
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Minister of Finance and the Public Service, Hon. Audley Shaw (left), with Blue Mountain Renewables (BMR) President, Bruce Levy, at the opening of the company’s wind farm at Potsdam, in St. Elizabeth, on August 11.
Finance & Public ServiceTourism

14,000 More Hotel Rooms

Minister of Finance and the Public Service, Hon. Audley Shaw, says there will be a roll-out of approximately 14,000 hotel rooms over the next three to four years, representing a significant investment for Jamaica. Speaking to JIS News following the grand opening of the Blue Mountain Renewables (BMR) wind farm in Potsdam, St. Elizabeth, on August 11, Mr. Shaw said...
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Minister of Finance and the Public Service, Hon. Audley Shaw, speaking at the groundbreaking ceremony for the National Commercial Bank (NCB) complex at Fairview, in Montego Bay, St. James, on August 12. (FILE)
Finance & Public Service

Finance Minister Cites Growing Success of Junior Stock Exchange

Minister of Finance and the Public Service, Hon. Audley Shaw, says he continues to be impressed with the growing success of the Junior Stock Exchange, noting that it has provided impetus for a number of small and medium-sized businesses. Speaking to JIS News following the groundbreaking ceremony for the National Commercial Bank (NCB) complex at Fairview, Montego Bay, in St....
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Economic Programme Oversight Committee (EPOC) Co-Chairman, Richard Byles, emphasizes a point while addressing EPOC’s monthly media briefing at Sagicor Life Jamaica Limited’s New Kingston offices, on Friday, August 12.
Finance & Public Service

JA Passes IMF Benchmark Targets

Jamaica recorded impressive outturns to surpass the International Monetary Fund’s (IMF) two primary benchmark targets for the April to June quarter. Economic Programme Oversight Committee (EPOC) Co-Chairman, Richard Byles, says the country generated a Primary Surplus Balance of $26.8 billion which was $15.8 billion more than the $11 billion targeted. Additionally, he said the Net International Reserves (NIR) stood at...
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