The Government is expected to commence negotiations for public sector salaries for the 2017/19 contract period later this year. This was announced by Finance and Public Service Minister, Hon. Audley Shaw, who said the administration aims to ensure that salaries remain “consistent and in line with our targets of wage to the gross domestic product (GDP).” “The government remains committed...

Jamaica was the largest beneficiary of the US$4.8 billion in approved loans and grants disbursed by the CDB between 1970 and 2015, having received US$781 million or 16.4 per cent of the sum. President of the Bank, Dr. Warren Smith, tells JIS News that the allocation funded projects in micro, small and medium-size enterprises (MSMEs); social infrastructure; environmental sustainability/disaster risk...

Minister of Finance and the Public Service, Hon. Audley Shaw, says he is satisfied with the discussions and outcomes of the 46th annual meeting of the Board of Governors of the Caribbean Development Bank (CDB), which ended today (May 19).             Addressing the closing press conference at  the Montego Bay Convention Centre, in St. James,  said participants were involved in...

President of the Caribbean Development Bank (CDB), Dr. Warren Smith, says Jamaica is emerging as a shining example of a country that has weathered the storm of severe austerity and is now on the road to economic stability. Addressing the CDB’s 46th annual meeting of Board of Governors at the Montego Bay Convention Centre, Rose Hall, St. James on May...

General Manager of Jamaica National, Earl Jarrett, is advocating for Caribbean countries to unite to overcome economic stagnation and threats to their individual economies. He noted that the Caribbean is one space, with a collective history and a common cause, and this demands a single response to the multilaterals and trade and security issues. Mr. Jarrett was delivering the main...

President of the Caribbean Development Bank (CDB), Dr. Warren Smith, is urging member states to pursue strategies that will promote higher and more sustainable levels of growth in order to successfully transform their economies. Dr. Smith was addressing the 46th annual meeting of the Caribbean Development Bank (CDB) at the Montego Bay Convention Centre in St. James yesterday (May 18). He...

Minister of Finance and the Public Service, Hon. Audley Shaw, says the countries in the region should take advantage of the relatively low oil prices to implement meaningful reforms in the energy sector that will increase the resilience of their economies to oil price shocks. These reforms, he said, include increasing investments in renewables and energy-efficiency and conservation projects. Minister...