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Dr. Phillips in Washington for IMF/World Bank Board Meeting

Finance and Planning Minister, Dr Hon. Peter Phillips arrived in Washington DC this afternoon (October 8), to attend the 2014 annual International Monetary Fund (IMF) and World Bank board meeting, which is being held October 8 -13. While in Washington,...
Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, highlights a point while addressing journalists at a press briefing at the Sagicor Life Jamaica head office, in Kingston, on October 7.
Co-Chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, highlights a point while addressing journalists at a press briefing at the Sagicor Life Jamaica head office, in Kingston, on October 7.

Positive Review By EPOC
Minister of Finance and Planning, Hon. Dr. Peter Phillips. (FILE)
Minister of Finance and Planning, Hon. Dr. Peter Phillips. (FILE)

Passing IMF Tests Creates Economic Stability – Dr. Phillips
Director of Taxation Policy in the Ministry of Finance and Planning, Ian Scarlett, explains Government’s Economic Reform Programme to residents of St. Elizabeth, at a Town Hall meeting held yesterday (Sept. 24), at the new public park in Black River.
Director of Taxation Policy in the Ministry of Finance and Planning, Ian Scarlett, explains Government’s Economic Reform Programme to residents of St. Elizabeth, at a Town Hall meeting held yesterday (Sept. 24), at the new public park in Black River.

DBJ Providing Low Interest Loans for Key Sectors
Member of the Partnership for Jamaica Council, Professor Alvin Wint, addresses a consultation on the Jamaica Partnership Agreement held on Wednesday (September 24), at the Anglican Church Hall, Morant Bay, St. Thomas.
Member of the Partnership for Jamaica Council, Professor Alvin Wint, addresses a consultation on the Jamaica Partnership Agreement held on Wednesday (September 24), at the Anglican Church Hall, Morant Bay, St. Thomas.

Jamaica must Consolidate Economic Gains – PROFESSOR WINT

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Finance & Public Service

STATIN Reports 1.8% Growth in Second Quarter

The Statistical Institute of Jamaica (STATIN) is reporting that the Jamaican economy grew by 1.8 per cent in the second quarter of 2014, when compared to the similar quarter of 2013. This growth also represented a 1.4 per cent improvement over the first quarter of 2014. STATIN says the growth resulted from a 6.3 per cent improvement in output for...
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The headquarters of the International Monetary Fund (IMF) in Washington, D.C., United States.
Finance & Public Service

IMF Board Approves US$68.8 Million Disbursement to Jamaica

The Executive Board of the International Monetary Fund (IMF) on Wednesday, September 24, completed the fifth review of Jamaica’s economic performance under the Extended Fund Facility (EFF). This follows the successful staff review by the IMF team that visited Jamaica from August 12 to 22. This review now enables an immediate disbursement of US$68.8 million (SDR 45.95 million) to the...
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Finance and Planning Minister, Dr. the Hon. Peter Phillips (right), and Senior Private Sector Development Specialist with the World Bank, Thomas Vis (left), shake hands, following the signing of a US$50 million Memorandum of Understanding (MoU), for the Foundations for Competitiveness and Growth project, at the Mona Visitors’ Lodge on Wednesday (September 24).
Finance & Public ServiceVision 2030

Government Signs US$50M MOU to Strengthen Business Environment

Government has signed a US$50 million Memorandum of Understanding (MoU) with the World Bank, to strengthen the business environment in Jamaica to enable further private sector investment. The loan agreement was signed by Minister of Finance and Planning, Dr. the Hon. Peter Phillips and Senior Private Sector Development Specialist with the World Bank, Thomas Vis, during the launch of the...
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Leader of the Opposition, Dr. Peter Phillips.
Finance & Public Service

Jamaica Moves from Stable to Positive

International credit rating agency, Standard and Poor’s (S&P), has improved its outlook on Jamaica from stable to positive. In a release on September 19, Standard and Poor’s says it has affirmed its 'B-' long-term foreign and local currency and 'B' short-term foreign and local currency sovereign credit ratings on Jamaica. A ‘B’ rating means the country is more vulnerable to...
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Finance & Public ServiceParliamentSenate

Bill to Amend GCT Act Tabled in Senate

A Bill to amend the General Consumption Tax (GCT) Act was tabled in the Senate on Friday, September 19, paving the way for an improved tax collection system. Justice Minister, Senator the Hon. Mark Golding, tabled the Bill, which was passed in the House of Representatives on September 17. It introduces a series of adjustments, which aim to facilitate the operation of...
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Permanent Secretary in the Ministry of Water, Land, Environment and Climate Change, Dr. Alwin Hales (right) and Director General in the Ministry, Dr. Sharon Crooks (centre), are being informed about the work of First Heritage Cooperative Credit Union, by Business Development Representative, Aaron Minott. Occasion was a tour of booths prior to the start of the Ministry’s retirement exposition today (September 19), at the Half-Way-Tree Road offices of the Land Administration and Management Programme (LAMP).
Finance & Public Service

Jamaicans Urged to Plan for Retirement

Jamaicans are being encouraged to effectively plan for retirement to ensure that they can adequately take care of their financial needs after they have stopped working. The advice came from Director General in the Ministry of Water, Land, Environment and Climate Change, Dr. Sharon Crooks, at a retirement exposition today (Sept. 19), at the Half-Way-Tree Road offices of the Land...
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