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Bank of Jamaica (BoJ) Governor, Brian Wynter, addressing journalists during a quarterly media briefing. (File photo).

Inflation Rate Falls to 43-Year Low

The Bank of Jamaica (BoJ) is reporting that the rate of inflation declined to 3.8 per cent over the 12-month period ending July 31, 2015, which is the lowest rate in more than 43 years. Governor of the bank, Brian...

Prime Minister, the Most. Hon. Portia Simpson Miller (centre), presents a copy of the signed wage agreement to President, Jamaica Teachers’ Association (JTA), Norman Allen. The JTA signed a new two-year wage agreement with the Government on Wednesday, August 26 during a ceremony held at Jamaica House today (Aug. 26). Looking on (from left) are: Minister of Education, Hon. Rev. Ronald Thwaites; Minister of Finance and Planning, Dr. the Hon Peter Phillips; and Minister without Portfolio in the Ministry of Finance and Planning, Hon. Horace Dalley.

$25 Million Tertiary Grant Fund for Children of Teachers

Director General of the Planning Institute of Jamaica (PIOJ), Colin Bullock, addresses the quarterly press briefing at his Oxford Road offices in Kingston on Wednesday (Aug. 26).

Economy Grew 0.8 Per Cent from April to June

Prime Minister, the Most. Hon. Portia Simpson Miller (centre), presents a copy of the signed wage agreement to President, Jamaica Teachers’ Association (JTA), Norman Allen. The JTA signed a new two-year wage agreement with the Government on Wednesday, August 26 during a ceremony held at Jamaica House today (Aug. 26). Looking on (from left) are: Minister of Education, Hon. Rev. Ronald Thwaites; Minister of Finance and Planning, Dr. the Hon Peter Phillips; and Minister without Portfolio in the Ministry of Finance and Planning, Hon. Horace Dalley.

PM Says Signing of Wage Agreement with Teachers a Win for Jamaica

Youth Ministry Stages ‘Money Talk Hackathon’

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10 years ago Finance & Public Service

Jamaica Customs Agency Praised For Initiating Implementation of ASYCUDA

The Jamaica Customs Agency (JCA) is being lauded for moving to introduce the Automated System for Customs Data (ASYCUDA) web-based application for its transactions, which is expected to yield significant cost savings and improved service delivery. Under the system, most paper intensive Customs processes will be replaced with online procedures, which will enable the JCA’s clients, including customs brokers and...

10 years ago Finance & Public Service

Short Term Economic Prospects Positive – Bullock

Planning Institute of Jamaica (PIOJ) Director General, Colin Bullock, says the short-term prospects for the Jamaican economy are positive. The bright outlook, he says, is based on the strengthening of productive activities in most industries. The projects, which are expected to spur growth of between 1.0 per cent and 2.0 per cent for the July to September quarter, include the continuation...

10 years ago Finance & Public Service

Fiscal Year Growth Projected Between 1.0 And 2.0 Per Cent

The Bank of Jamaica (BoJ) is forecasting that the country will record growth of between 1.0 and 2.0 per cent for the 2015/16 fiscal year. Speaking at the Bank’s quarterly media briefing at the BoJ Auditorium, downtown Kingston on Wednesday (August 26), Governor, BOJ, Brian Wynter said while the current growth rate is “slower than we were hoping for,” it...

10 years ago Finance & Public Service

NIR Continues To Grow

Bank of Jamaica (BoJ) Governor, Brian Wynter, says the country’s Net International Reserves (NIRs) continue to grow, reaching just over US$2 billion at the end of the April to June quarter. Speaking at the Bank’s quarterly media briefing, at the BoJ auditorium, downtown Kingston, on Wednesday (August 27), Mr. Wynter credited the strong NIR to improvements in net private capital...

10 years ago Finance & Public Service

Finance Minister Emphasises Importance of Tax Compliance

Minister of Finance and Planning, Hon. Dr. Peter Phillips, says several pieces of legislation have been passed to ensure that more persons comply with the law and pay their taxes. “Our basic policy is to lower the rate and broaden the base,” Dr. Phillips said, during the question and answer segment of a forum, dubbed: ‘Money Talk Hackathon’, held at...

Minister of Finance and Planning, Hon. Dr. Peter Phillips (left), fields questions during a press conference on Friday (August 21), at his Kingston office, to announce the completion of the International Monetary Fund’s (IMF) 9th review of Jamaica’s four-year Extended Fund Facility (EFF). Others from (2nd left) are: Head of the IMF Mission to Jamaica, Dr. Uma Ramakrishnan; Outgoing Head of the IMF Mission to Jamaica, Dr. Bert Van Selm; and Governor of the Bank of Jamaica, Bryan Wynter.

10 years ago Finance & Public Service

Jamaica on Course For 9th Drawdown of Funds From IMF

Jamaica is on course for a ninth drawdown of funds from the International Monetary Fund (IMF). This is based on the country’s positive performance for the first quarter of the fiscal year under the Extended Fund Facility (EFF), despite the effects of severe drought. Head of the IMF Mission to Jamaica, Dr. Uma Ramakrishnan, said the country has met all...

Director General of the Public Financial Management Secretariat in the Ministry of Finance and Planning, Diane McIntosh (left), explains the need for transformation of the country’s public financial management systems, at a JIS ‘Think Tank’ on August 20. At right is Director of Strategic Organisational Development in the Ministry of Finance and Planning, Trudy-Ann James-Linton.

10 years ago Finance & Public ServiceVision 2030

Comprehensive Public Financial Management Reform in Progress

The country is undergoing a comprehensive Public Financial Management (PFM) reform, aimed at modernising its public financial management and administrative systems. This should result in a more efficient and effective use of funds to deliver services to the public. Director General of the Public Financial Management Secretariat in the Ministry of Finance and Planning, Diane McIntosh, tells JIS News that...