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Minister of State in the Ministry of Finance and the Public Service, Hon. Fayval Williams (left); General Manager, Country Department, Caribbean Group, Inter-American Development Bank (IDB), Therese Turner-Jones (centre), sign the loan agreement for the US$100 million Financial System Reform Support Programme, during a ceremony at the Ministry’s Heroes Circle offices in Kingston, yesterday (July 21). Standing is Senior Negotiations Officer, International Programme, Management Branch, Ministry of Finance and the Public Service, Nadine James and at right is Executive Director, IDB, Jerry Butler.
Minister of State in the Ministry of Finance and the Public Service, Hon. Fayval Williams (left); General Manager, Country Department, Caribbean Group, Inter-American Development Bank (IDB), Therese Turner-Jones (centre), sign the loan agreement for the US$100 million Financial System Reform Support Programme, during a ceremony at the Ministry’s Heroes Circle offices in Kingston, yesterday (July 21). Standing is Senior Negotiations Officer, International Programme, Management Branch, Ministry of Finance and the Public Service, Nadine James and at right is Executive Director, IDB, Jerry Butler.

US$100 Million to Boost Investment

The Government has received a US$100-million loan from the Inter-American Development Bank (IDB), to increase access to financing for firms and individuals as well as improving the regulation and supervision of the country’s financial system. Dubbed the ‘Financial System Reform...
Prime Minister, the Most Honourable Andrew Michael Holness, ON, PC, MP
Prime Minister, the Most Honourable Andrew Michael Holness, ON, PC, MP

Positive and Fruitful Discussions with IMF Team – PM Holness
Minister of Finance and the Public Service, Hon. Audley Shaw (right), delivers a Statement to the House of Representatives. (FILE)
Minister of Finance and the Public Service, Hon. Audley Shaw (right), delivers a Statement to the House of Representatives. (FILE)

IMF Team to Discuss Programme Post Current Agreement
Minister of State in the Ministry of Finance and the Public Service, Hon. Rudyard Spencer (centre), addresses the inaugural meeting of the Public Sector Monitoring Committee (PSMC) on July 14 at the Ministry’s Heroes Circle offices. He is joined at the head table by Director General in the Ministry, Ms. Dian McIntosh (left) and Deputy Financial Secretary of the Strategic Human Resource Management Division of the Ministry, Mr. Wayne Jones.
Minister of State in the Ministry of Finance and the Public Service, Hon. Rudyard Spencer (centre), addresses the inaugural meeting of the Public Sector Monitoring Committee (PSMC) on July 14 at the Ministry’s Heroes Circle offices. He is joined at the head table by Director General in the Ministry, Ms. Dian McIntosh (left) and Deputy Financial Secretary of the Strategic Human Resource Management Division of the Ministry, Mr. Wayne Jones.

State Minister Commits to Advancing Cause of Public-Sector Workers
Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles.
Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles.

Goods and Services More Competitive

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Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, addresses EPOC’s monthly media briefing, held on July 13, at Sagicor Life Jamaica Limited’s head office, in New Kingston.
Finance & Public Service

Positive Trend in Revenue

Jamaica continues to see a positive trend in revenue and grants, totalling $70.1 billion in May, significantly ahead of budget. This was revealed by Economic Programme Oversight Committee (EPOC) Co-Chair, Richard Byles, at a monthly briefing at Sagicor Life’s offices in New Kingston, today (July 13). Mr. Byles hailed Tax Administration Jamaica (TAJ) for improvements in its tax collection mechanisms,...
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Minister of Finance and the Public Service, Hon. Audley Shaw (right), having a light exchange with Group Marketing Manager, Jamaica Money Market Brokers (JMMB), Kerry-Ann Simpson (second right), shortly before the start of the annual economic forum of the Private Sector Organisation of Jamaica (PSOJ) and the JMMB Group, at The Jamaica Pegasus hotel in New Kingston, today (July 12). Others (from left) are Chief Executive Officer (CEO) of the PSOJ, Dennis Chung; and President, PSOJ, William Mahfood.
Finance & Public Service

Measures Implemented Under EFF Will be Maintained – Finance Minister

Finance Minister, Hon. Audley Shaw, says the Government is committed to maintaining measures implemented under the International Monetary Fund (IMF) Extended Fund Facility (EFF), after the agreement ends in December. “I want to make it absolutely clear that this Government is not hesitant whatsoever to continue some form of engagement and monitoring with the IMF (after the programme expires),” the...
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Prime Minister, the Most Hon. Andrew Holness (left), having a light exchange with World Bank Country Director, Ms. Sophie Sirtaine, ahead of a seminar at Jamaica House on July 12 with international experts and policymakers to discuss best practices and strategies for economic growth and debt management. The seminar is sponsored by the World Bank.
Economic Growth & Infrastructure DevelopmentFinance & Public ServiceOffice of the Prime Minister

Gov’t Hosts Seminar on Economic Growth and Debt Management

The Government is today (July 12) hosting a high-level seminar with international experts and policymakers to discuss best practices for economic growth and debt management. Prime Minister, the Most Hon. Andrew Holness, at the opening session at Jamaica House, said he is looking forward to learning from the examples, anecdotes and the sharing of experiences from the guests. He said...
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Finance & Public Service

Increase in NIF Assets

The National Insurance Fund (NIF) net assets have increased by $8.32 billion for the calendar period that ended December 31, 2015. According to the Ministry of Labour and Social Security’s annual report for 2015, the 11.82 per cent improvement was attributed to improved share prices, money market investments and real estate investments. In the meantime, the current assets of the...
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Minister of State in the Ministry of Finance and the Public Service, Hon. Fayval Williams (right), in conversation with Deputy Chief Executive Officer and Director of Operations at the Registrar General’s Department (RGD), Charlton McFarlane (left) and Permanent Secretary in the Ministry of Health, Dr. Kevin Harvey, at the Caribbean Civil Registration and Identity Management Conference, being held at the Montego Bay Convention Centre from July 6-8.
Finance & Public Service

State Minister says Country Must Fast-Track National ID System

Minister of State in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says the time has come for Jamaica to fast-track efforts to establish a national identification system for its citizens. She said that implementation of this system will assist persons in obtaining personal and other social benefits for themselves and for their children. Mrs. Williams was...
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EXIM Bank Jamaica’s Managing Director, Lisa Bell (2nd left), responds to a question during Tuesday’s (July 5) launch of the Jamaica Manufacturers’ Association (JMA)-EXIM Loan Facility. The launch took place at EXIM’s head office on Hope Road in Kingston. Listening (from left) are EXIM’s Chief Loan Administration Officer, Charles Lewis; JMA President, Metry Seaga, and Executive Director, JMA, Imega Breese McNab.
Finance & Public Service

$30-Million Loan Facility for Small and Medium Manufacturers

Small and medium-sized manufacturers are to benefit from a $30-million loan facility established by the EXIM Bank of Jamaica in collaboration with the Jamaica Manufacturers’ Association (JMA). The facility enables JMA members to borrow a maximum of $1.5 million to purchase equipment and raw materials, among other operational inputs. Entities must be in good standing with the JMA, be tax...
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Chairman of the Jamaica Deposit Insurance Corporation (JDIC), John Jackson (left); Chief Executive Officer of the JDIC, Antoinette McKain (second left) and Senior Education Officer at the Ministry of Education, Youth and Information, Marlon Williams (right), listen intently to Founder of AIM Educational Services, Nicole McLaren Campbell, at the JDIC awards ceremony, held on July 1 at the Terra Nova All-Suite Hotel in Kingston.
Finance & Public Service

JDIC Awards Students for Winning Competition

The Jamaica Deposit Insurance Corporation (JDIC) has awarded students who participated in its online Android Financial Education Competition. The competition, which targeted secondary-school students from grades seven to 13, was presented as a game designed to increase children’s understanding of the financial system and information related to the deposit insurance scheme in Jamaica. Dominique Ferguson, a 10th-grade student from the...
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