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....

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...

Prime Minister, the Most Hon. Andrew Holness, says the Government is working to review its regulatory and legislative framework in order to make Jamaica the country of choice for business process outsourcing (BPO). He cited the recent passage of the Special Economic Zone Act as among measures to modernise policies and processes to achieve greater efficiency. He said emphasis is...

Prime Minister, the Most Hon. Andrew Holness, says the investment of IBEX Global in the business process outsourcing (BPO) sector locally is a demonstration of confidence in Jamaica as a ‘right fit’ destination for its operations. Addressing a ceremony to officially open the company’s offices in the Portmore Pines Plaza in Portmore, St. Catherine, on October 27, Mr. Holness said...

State Minister for Finance and the Public Service, Hon. Fayval Williams, hopes the 2017/19 wage negotiations between the Government and unions representing public-sector workers will be conducted as smoothly as those which resulted in the existing two-year agreement. Similar views have been expressed by Head of the Hugh Lawson Shearer Trade Union Education Institute at the University of the West...

State Minister for Finance and the Public Service, Hon. Fayval Williams, says public-sector modernisation is intended to enhance service delivery by state entities, while providing opportunities for the development of employees. Mrs. Williams contends that the Government’s undertaking to make the public sector more efficient “goes beyond savings”, and entails determining how funding and other resources are administered for the...

State Minister for Finance and the Public Service, Hon. Fayval Williams, says Jamaica faces a more stable future based on notable macroeconomic gains, particularly under the four-year Extended Fund Facility (EFF). Mrs. Williams notes that debt is declining, the Net International Reserves are strong, and the rate of inflation is at “historic lows”, as a result of lower global oil...