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Director General of the Public Financial Management Secretariat in the Ministry of Finance and Planning, Diane McIntosh, says transitioning of the Accountant General’s Department (AGD) into a central treasury management system, is reaping benefits for the country. She was addressing a JIS Think Tank on Thursday, August 20.
Director General of the Public Financial Management Secretariat in the Ministry of Finance and Planning, Diane McIntosh, says transitioning of the Accountant General’s Department (AGD) into a central treasury management system, is reaping benefits for the country. She was addressing a JIS Think Tank on Thursday, August 20.

Govt Reaping Benefits from Modern Treasury Management System

The decision by the Government to transition the Accountant General’s Department (AGD) into a modern treasury management system is already reaping benefits. Director General of the Public Financial Management Secretariat in the Ministry of Finance and Planning, Diane McIntosh, said...
Principal of the Four Paths Primary and Junior High School in Clarendon , Norman Ansel Allen (right), is installed as the 51st President of the Jamaica Teachers Association (JTA), during Monday night’s (17) session of the JTA’s annual conference, now underway at the Hilton Rose Hall Resort and Spa in Montego Bay St. James. Outgoing President, Doran Dixon, officiated the function.
Principal of the Four Paths Primary and Junior High School in Clarendon , Norman Ansel Allen (right), is installed as the 51st President of the Jamaica Teachers Association (JTA), during Monday night’s (17) session of the JTA’s annual conference, now underway at the Hilton Rose Hall Resort and Spa in Montego Bay St. James. Outgoing President, Doran Dixon, officiated the function.

Teachers Vote to Accept Government’s Wage Offer
Project Director, Strategic Public Sector Transformation Project, Ministry of Finance and Planning, Dunstan Bryan (standing), shows Acting Financial Secretary, Everton McFarlane (second left), where to sign the document for implementation of the US$388,967 Medium Term Results Based Budgeting (MTRBB) pilot programme. The signing ceremony was held on Friday (August 14) at the Finance Ministry in Kingston. Others (from left) are: Deputy Financial Secretary, Public Expenditure Division, Lorris Jarrett; Director, Deloitte Overseas Consulting LLP, Michael Vlaisavljevich; and Department for International Development (DFID) Representative in Jamaica, Bhavna Sharma.
Project Director, Strategic Public Sector Transformation Project, Ministry of Finance and Planning, Dunstan Bryan (standing), shows Acting Financial Secretary, Everton McFarlane (second left), where to sign the document for implementation of the US$388,967 Medium Term Results Based Budgeting (MTRBB) pilot programme. The signing ceremony was held on Friday (August 14) at the Finance Ministry in Kingston. Others (from left) are: Deputy Financial Secretary, Public Expenditure Division, Lorris Jarrett; Director, Deloitte Overseas Consulting LLP, Michael Vlaisavljevich; and Department for International Development (DFID) Representative in Jamaica, Bhavna Sharma.

Gov’t Pursues Results-Based Budgeting
Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, says the recent PetroCaribe debt buy-back transaction was a significant move by the Jamaican government. He was speaking with journalists at the EPOC’s monthly press briefing on August 13, in Kingston.
Co-Chair of the Economic Programme Oversight Committee (EPOC), Richard Byles, says the recent PetroCaribe debt buy-back transaction was a significant move by the Jamaican government. He was speaking with journalists at the EPOC’s monthly press briefing on August 13, in Kingston.

US$2 Billion Raised By Government Will Result In Significant Benefits – EPOC Co-Chair
Minister of Finance and Planning, Hon. Dr. Peter Phillips (centre), makes a point to President of the Private Sector Organization of Jamaica (PSOJ), William Mahfood (left), while Chairman of the Victoria Mutual Building Society (VMBS), Michael McMorris, looks on. Occasion was VMBS’ inaugural economic forum held on August 12, at the Terra Nova Hotel in St. Andrew.
Minister of Finance and Planning, Hon. Dr. Peter Phillips (centre), makes a point to President of the Private Sector Organization of Jamaica (PSOJ), William Mahfood (left), while Chairman of the Victoria Mutual Building Society (VMBS), Michael McMorris, looks on. Occasion was VMBS’ inaugural economic forum held on August 12, at the Terra Nova Hotel in St. Andrew.

BPO Sector Can Transform Employment Landscape – Dr. Phillips

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Finance & Public Service

Bank of Jamaica Reduces Benchmark Interest Rate

Bank of Jamaica announces that with effect from 18 August 2015, the rate offered on its benchmark 30-day Certificate of Deposit will be reduced to 5.25 per cent from 5.50 per cent. Macroeconomic vulnerabilities continue to be reduced in the context of the strong implementation of reforms under the Economic Reform Programme.  Annual inflation is expected to be within the...
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Prime Minister the Most Hon. Portia Simpson Miller (third left), affixes her signature to the new Heads of Agreement, which was signed between the Government and representatives of the Jamaica Confederation of Trade Unions, during a ceremony at the Office of the Prime Minister (OPM) on August 11. Also signing (from left) are: Vice President, Jamaica Confederation of Trade Unions, Helene Davis Whyte; Minister of Finance and Planning, Dr. the Hon. Peter Phillips; and President of the Jamaica Civil Service Association, O’neil Grant. Pictured in the background (from left) are: Manager, Public Relations, Special Projects and Community Outreach, OPM, Shelly-Ann Harris; and Finance and Planning Ministry officials - Director, Industrial Relations, Lorna A. Phillips; Acting Financial Secretary, Everton McFarlane; Senior Industrial Relations Officer, Charmaine Hayman; and Deputy Financial Secretary, Wayne Jones. The new wage agreement, which is for the contract period 2015 to 2017, will see public sector employees receiving a salary increase of seven per cent over two years.
Finance & Public Service

Improved Benefits for Public Sector Workers

Civil Servants are to receive several improved benefits under the new wage agreement for the 2015 to 2017 contract period. This is in addition to the fixed figure increase of $48,000 to annual salaries across the public service, which will see each worker getting $4,000 per month. The Supper/Meal allowance has moved from $550 per occasion to $700 per occasion,...
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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)
Finance & Public Service

Jamaica On Course to Pass 9th Consecutive IMF Test

Jamaica is on course to pass its 9th consecutive review under the Extended Fund Facility (EFF) with the International Monetary Fund (IMF). This, after successfully surpassing all the key economic targets set by the IMF for the April to June quarter. A team from the IMF is currently in the island reviewing the country’s performance for the quarter under the...
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Minister of Finance and Planning, Dr. the Hon. Peter Phillips (second left), fields questions from journalists during a press conference held at his National Heroes Circle offices in Kingston, today (August 10) to provide details on the debt buy-back arrangement between Jamaica and Venezuela. Also pictured (from left) are: Chief Executive Officer of the PetroCaribe Development Fund, Dr. Wesley Hughes; Minister of Science, Technology, Energy and Mining, Hon. Phillip Paulwell; and Governor of the Bank of Jamaica, Brian Wynter.
Finance & Public Service

Services Provided By Government Will Improve Due To Debt Buy-Back

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, says the debt buy-back arrangement with Venezuela under the PetroCaribe Energy Co-operation Agreement, was undertaken for the benefit of all Jamaicans and will serve to improve the services the Government provides. The transaction, which was completed last week, is expected to save the country hundreds of millions in debt payment...
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