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Prime Minister, the Most Hon Portia Simpson Miller (centre); looks on as Minister of Finance and Planning, Hon. Dr. Peter Phillips (right); greets Head of the European Union (EU) Delegation in Jamaica, Her Excellency Paola Amadei (left). Occasion was the signing ceremony between Jamaica and the EU, for grant funding of $11.5 billion, held at Jamaica House on May 9 to mark Europe Day.
Prime Minister, the Most Hon Portia Simpson Miller (centre); looks on as Minister of Finance and Planning, Hon. Dr. Peter Phillips (right); greets Head of the European Union (EU) Delegation in Jamaica, Her Excellency Paola Amadei (left). Occasion was the signing ceremony between Jamaica and the EU, for grant funding of $11.5 billion, held at Jamaica House on May 9 to mark Europe Day.

EU Hands Over $11.5 Billion in Development Assistance to Government

The Government has signed six support agreements with the European Union (EU), which provide $11.5 billion of grant-funding to crucial areas of the society. The agreements expand several programmes that are already being supported by the EU in the sugar...
Economist and Lecturer at the University of the West Indies, Dr. Andre Haughton, during an interview on the JIS television programme, ‘Issues and Answers’, with Ian Boyne.
Economist and Lecturer at the University of the West Indies, Dr. Andre Haughton, during an interview on the JIS television programme, ‘Issues and Answers’, with Ian Boyne.

No Better Option Than New Taxes – Economist
Sophie Sirtaine, World Bank Country Director for the Caribbean addresses journalists at the Jamaica Pegasus Hotel in Kingston on May 6, 2014.
Sophie Sirtaine, World Bank Country Director for the Caribbean addresses journalists at the Jamaica Pegasus Hotel in Kingston on May 6, 2014.

World Bank Lauds Government’s Commitment to Economic Reform
Finance and Planning Minister, Dr. the Hon. Peter Phillips (right), and World Bank Caribbean Country Director, Sophie Sirtaine, exchange signed copies of a $4.63 billion (US$42 million) loan agreement, to finance the Integrated Community Development Project (ICDP). The signing ceremony was held at the Ministry’s National Heroes Circle offices in Kingston on Tuesday, May 6. The initiative will entail implementation of enhanced basic infrastructure and social services, and targeted crime and violence reduction interventions, among other inputs, by the Jamaica Social Investment Fund (JSIF), in approximately 18 communities in Kingston, St. Andrew, St. Catherine, Clarendon, St. Ann, St. James, and Westmoreland, over the next six years.
Finance and Planning Minister, Dr. the Hon. Peter Phillips (right), and World Bank Caribbean Country Director, Sophie Sirtaine, exchange signed copies of a $4.63 billion (US$42 million) loan agreement, to finance the Integrated Community Development Project (ICDP). The signing ceremony was held at the Ministry’s National Heroes Circle offices in Kingston on Tuesday, May 6. The initiative will entail implementation of enhanced basic infrastructure and social services, and targeted crime and violence reduction interventions, among other inputs, by the Jamaica Social Investment Fund (JSIF), in approximately 18 communities in Kingston, St. Andrew, St. Catherine, Clarendon, St. Ann, St. James, and Westmoreland, over the next six years.

Gov’t and World Bank Sign Off on $4.63 Billion Community Development Project
Fitch Ratings today revised the outlook for Jamaica from “Stable” to “Positive".
Fitch Ratings today revised the outlook for Jamaica from “Stable” to “Positive".

Jamaica Hits Fiscal Target, Sustained Effort a Challenge

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Finance & Public Service

Minister Dalley Begins Talks to Resolve Issues at SERHA

Minister with Responsibility for the Public Service in the Ministry of Finance and Planning (MOFP), the Hon. Horace Dalley, has assured workers employed under the South East Regional Health Authority (SERHA) that immediate steps will be taken to resolve the outstanding issues relating to the non-remittal of salary deductions. Minister Dalley made the disclosure on Friday, May 1, at a...
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Finance & Public ServiceNational Security

PICA and STATIN Sign Data Sharing MoU

The Passport, Immigration and Citizenship Agency (PICA) and Statistical Institute of Jamaica (STATIN) have signed a Memorandum of Understanding (MoU) that will see both entities sharing data, under an inter-agency collaboration arrangement. The MoU will enable easier monthly transfer of data from PICA to STATIN in relation to the annual count of all persons arriving in and departing the island...
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Minister of Finance and Planning, Dr. the Hon. Peter Phillips, makes a point as he closes the 2014/15 Budget debate in the House of Representatives on April 30.
Budget 2014/2015Finance & Public ServiceParliament

Finance Minister Withdraws Bank Tax, Announces New Measures

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, on Wednesday, April 29, announced two new revenue measures to raise $2.3 billion. The Government has removed the introduction of a levy on deposit-taking institutions and encashments from securities dealers, which was previously announced by Dr. Phillips on April 17. The new measures include the introduction of a withholding tax on insurance premiums paid...
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Finance & Public Service

Charities Urged To Meet June 24 Registration Deadline

The Department of Cooperatives and Friendly Societies (DCFS) is encouraging all charities to keep good financial records to ensure smooth transition when they are to be re-registered. Following the passage of the Omnibus legislation in December, the Government mandated the DCFS as the authority to oversee the activities of all charities. In the past, the Department was responsible for regulating...
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Minister of Finance and Planning, Dr. the Hon. Peter Phillips (left), shares a light moment with Director General of the Planning Institute of Jamaica, Colin Bullock (right) during a corporate mingle at the Spanish Court Hotel in New Kingston, on April 25. Also joining in the moment (in the background, from left) are Head of the Delegation of the European Union (EU) in Jamaica, Jesus Orus Baguena; and Chief Executive Officer (CEO), Jamaica Business Development Corporation (JBDC), Valerie Veira. The event sought to garner additional corporate support for the Community Renewal Programme, which seeks to transform 100 of the most vulnerable and volatile communities across Jamaica.
Finance & Public Service

Private Sector Urged to Support Community Renewal Programme

Minister of Finance and Planning, Dr. the Hon. Peter Phillips has called on the private sector to contribute to the economic development and social empowerment of marginalised communities, particularly through the Community Renewal Programme (CRP). Being implemented by the Planning Institute of Jamaica (PIOJ), the CRP is a multifaceted programme, financed by the Government of Jamaica and international development partners....
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Finance and Planning Minister, Dr. the Hon Peter Phillips, addressing journalists at Tuesday’s (April 22) post-Budget media briefing at Jamaica House, where he elaborated on aspects of his opening presentation in the 2014/15 Budget Debate in the House of Representatives on April 17. (FILE)
Budget 2014/2015Finance & Public ServiceOffice of the Prime Minister

Levy Option Less Impact on Vulnerable – Finance Minister

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the levy to be charged on financial institution transactions, effective June 1, represents the option that is deemed to be the least challenging for the society’s most vulnerable. Addressing journalists at a post-Budget media briefing at Jamaica House on April 22, Dr. Phillips said several other options that were proposed...
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