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Finance and Public Service Minister, Hon. Audley Shaw (left), makes a point to International Monetary Fund (IMF) Staff Mission Team Head to Jamaica, Dr. Uma Ramakrishnan (2nd left), during Friday’s (May 20) IMF quarterly review media briefing at the Ministry’s offices in Kingston. Others (from third left) are: IMF Representative to Jamaica, Dr. Bert Van Selm; and Bank of Jamaica (BoJ) Governor, Brian Wynter.

Jamaica on Course for IMF Drawdown of US$80 Million

Jamaica is on course for a 12th drawdown, totalling US$80 million, from the International Monetary Fund (IMF). The country has met all targets under the Extended Fund Facility (EFF) for the December 2015 and March 2016 quarters, which were reviewed...

Minister of Finance and Public Service, and outgoing chairman of the Caribbean Development Bank’s (CDB) Board of Governors, Hon. Audley Shaw (right), converses with CDB President, Dr. Warren Smith (left); and incoming chairman, Minister of Finance, Investment and Trade in the Turks and Caicos Islands, the Hon. Charles Misick. The occasion was the closing ceremony of the 46th annual meeting of the CDB’s Board of Governors at the Montego Bay Convention Centre on Thursday, May 19.

CDB Countries Agree to Accelerate Economic Reforms

Prime Minister, the Most Hon. Andrew Holness (left), is in discussion with Grenada’s Prime Minister, the Right Hon. Dr. Keith Mitchell (right), at the Caribbean Development Bank’s (CDB) Board of Governors Meeting at the Montego Bay Convention on May 18. At centre is Minister of Finance and Public Service, Hon. Audley Shaw.

CDB Delegates Hail First Class Hospitality

Chief Executive Officer of the United Nations (UN) Sustainable Energy for All, Rachel Kyte, delivers the William G. Demas Memorial Lecture, during the Caribbean Development Bank’s (CDB) 46th Annual Board of Governors Meeting at the Iberostar Resort in Lilliput, St. James on May 17.

UN Ready to Help Region Secure Clean Energy Future

Minister of Finance and Public Service, Hon. Audley Shaw (left), listens to a point from President of the Caribbean Development Bank (CDB), Dr. Warren Smith (right), at the opening ceremony of the CDB’s 46th Annual Meeting of Board of Governors at the Montego Bay Convention Centre in St. James on May 18. At centre is Financial Secretary, Devon Rowe.

Public-Private Partnerships Critical for Growth – Minister Shaw

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Finance and Public Service Minister, Hon. Audley Shaw (right), listens as President of the Caribbean Development Bank (CDB), Dr. Warren Smith, addresses the closing press conference of the 46th annual meeting of the Board of Governors of the Caribbean Development Bank (CDB) on May 19 at the Montego Bay Convention Centre, in St. James.

10 years ago Finance & Public Service

Finance Minister Pleased With Outcomes of CDB Meeting

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...

Caribbean Development Bank (CDB) President, Dr. Warren Smith, addresses the 46th annual CDB Board of Governors meeting at the Montego Bay Convention Centre, Rose Hall, St. James on May 18.

10 years ago Finance & Public Service

Jamaica Emerging as Shining Example – CDB President

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 the Jamaica National Building Society, Earl Jarrett, addresses the Caribbean Development Bank’s (CDB) Special Delegates Luncheon at the Hyatt Ziva Rose Hall in Montego Bay on May 17.

10 years ago Finance & Public Service

Caribbean Urged to Unite to Address Challenges

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...

Minister of Finance and Public Service, Hon. Audley Shaw (left), listens to a point from President of the Caribbean Development Bank (CDB), Dr. Warren Smith (right), at the opening ceremony of the CDB’s 46th Annual Meeting of Board of Governors at the Montego Bay Convention Centre in St. James on May 18. At centre is Financial Secretary, Devon Rowe.

10 years ago Finance & Public Service

CDB Head Says Region Needs Higher, Sustainable Growth

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, addresses the Caribbean Development Bank’s (CDB) 46th Annual Board of Governors Meeting at the Montego Bay Convention Centre on May 18.

10 years ago Finance & Public Service

Take Advantage of Low Oil Prices – Minister Shaw

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...

10 years ago Finance & Public ServiceWorks / Construction

Road Safety Markings Must be Approved by NWA

The National Works Agency (NWA) is advising communities and civic groups making plans to paint pedestrian crossings and other road safety markings on Labour Day that they must obtain authorisation from the agency before undertaking any such project. Manager of Communication and Customer Services at the NWA, Stephen Shaw, told JIS News that the agency has to approve the site...

Prime Minister, the Most Hon. Andrew Holness, addresses the opening ceremony of the 46th annual meeting of the Board of Governors of the Caribbean Development Bank (CDB) at the Montego Bay Convention Centre in St. James on Wednesday (May 18).

10 years ago Finance & Public ServicePrime Minister

PM Urges CDB to Give Priority to Debt Management

Prime Minister, the Most Hon. Andrew Holness, is calling for the Caribbean Development Bank (CDB) to give priority to addressing the problem of high debt, which, he says, is impeding growth in the region. He said that while regional leaders “have made some bad choices in fiscal management and economic affairs,” the high debt being carried by Caribbean states “cannot...