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Prime Minister, the Most. Hon. Andrew Holness, addresses commissioning ceremony for liquefied natural gas (LNG) at the Jamaica Public Service Bogue power plant in St. James, on November 11.

PM Says New Arrangement with IMF Shows Political Maturity

Prime Minister, the Most Hon. Andrew Holness, says Jamaica has transitioned seamlessly into a new programme with the International Monetary Fund (IMF), signaling a new kind of political maturity in the nation’s history. He further noted that the country, buoyed...

Finance and the Public Service Minister, Hon. Audley Shaw (left), speaks with Chief Executive Officer of credit bureau, CRIF-NM Credit Assure Limited, Terrence Cooper, during the Jamaica Micro Financing Association’s (JaMFA) conference, which was held at The Jamaica Pegasus hotel in New Kingston on November 10.Mr. Shaw was one of the keynote speakers.

Finance Minister says Interest Rates must be Kept Low

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, outlines the performance of key indicators under the country’s four-year extended fund facility with the International Monetary Fund (IMF), during a press briefing on Thursday, August 13. (File)

EPOC Co-Chair Commends EGC

Minister of Transport and Mining, Hon. Audley Shaw, CD, MP

Financial Institutions Urged to Safeguard Operations

Finance and the Public Service Minister, Hon. Audley Shaw (right), greets Jamaica Employers’ Federation (JEF) President, David Wan, during a recent JEF Breakfast meeting at The Knutsford Court Hotel, in New Kingston.

Private-Sector Leaders Support Standby Successor Agreement

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Minister of Finance and the Public Service, Hon. Audley Shaw, emphasises a point while addressing the House of Representatives on November 1.

10 years ago Finance & Public Service

House Begins Debate on Bills to Facilitate Development of Horse-Racing Industry

Debate began on two Bills in the House of Representatives on November 9, to establish a regulatory framework that will attract and support investment in Jamaica’s horse-racing industry and facilitate the development of Caymanas Track into a modern world-class racing complex. The Bills – Betting, Gaming and Lotteries (Amendment) Act and the Jamaica Racing Commission (Amendment) Act – were piloted...

Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addresses the media at a press briefing at Sagicor head office in Kingston, on November 10.

10 years ago Finance & Public Service

Jamaica Exceeds All Targets

Jamaica has exceeded all macroeconomic targets for the 14th and final quarterly test under the Extended Fund Facility (EFF) with the International Monetary Fund (IMF). Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, addressing a press briefing at the Sagicor offices in Kingston, yesterday (November 10), said he believes Jamaica will easily pass the test in all the...

The House of Representative.

10 years ago Finance & Public Service

House Approves Regulations for Agent Banking

The House of Representatives, on Tuesday (November 1), approved the Banking Services (Deposit Taking Institutions) (Agent Banking) Regulations. The regulations will provide a framework that will allow some banking business to be undertaken through agents authorised by a Supervisory Authority. Minister of Finance and the Public Service, Hon. Audley Shaw, piloted the regulations in the House of Representatives on Tuesday...

Minister of Finance and the Public Service, Hon. Audley Shaw, emphasises a point while addressing the House of Representatives on November 1.

10 years ago Finance & Public Service

Growth of 2.3 % for July to September Quarter

The economy grew by 2.3 per cent for the July to September quarter, the highest quarter growth recorded since 2002. This was disclosed by Minister of Finance and the Public Service, Hon. Audley Shaw, during the sitting of the House of Representatives on November 1. The Minister said the agricultural sector in the last quarter grew by 28.8 per cent,...

Minister of Finance and the Public Service, Hon. Audley Shaw, speaking in the House of Representatives on Tuesday, November 1. (FILE)

10 years ago Finance & Public Service

Working Group to Deal with Devaluation – Hon. Audley Shaw

Minister of Finance and the Public Service, Hon. Audley Shaw, has announced that a Working Group has been established to deal with the continued devaluation of the Jamaican dollar against the United States currency. Addressing the House of Representatives on November 1, Mr. Shaw said the group will meet with the Bank of Jamaica (BOJ) on a weekly basis, with...

Minister of Finance and the Public Service, Hon. Audley Shaw, addresses Tuesday’s (September 20) sitting of the House of Representatives.

10 years ago Finance & Public Service

Gov’t to Conclude Extended Fund Facility in Three Months

The Government will in three months bring the Extended Fund Facility (EFF) to an early conclusion and commence the new standby arrangement with the International Monetary Fund (IMF) as a substitute programme. Minister of Finance and the Public Service, Hon. Audley Shaw, made the disclosure during the sitting of the House of Representatives on Tuesday (November 1) at Gordon House....

Group Chief Executive Officer, Jamaica Co-operative Credit Union League (JCCUL), Glenworth Francis (left), shares a laugh with President, Insurance Employees Cooperative Credit Union (IECCU) Limited, Bernita Locke (centre); and General Manager, IECCU, Mark Bowen. Occasion was a recognition ceremony for 21 volunteers of the IECCU held at the Terra Nova Hotel in St. Andrew on October 29. The volunteers have collectively dedicated more than 267 years to the entity.

10 years ago Finance & Public Service

Credit Unions Urged to Prepare for BOJ Regulations

Credit unions are being urged to actively pursue strategies that will enable them to improve their state-of-readiness in meeting the requirements under the Bank of Jamaica (BoJ) Credit Union Regulations. The call came from Group Chief Executive Officer, Jamaica Co-operative Credit Union League (JCCUL), Glenworth Francis, who said that the league, through its Stabilisation Unit, has been assisting entities to...