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Acting British High Commissioner to Jamaica and Bahamas, Julia Sutherland (second left), and World Bank Representative in Jamaica, Giorgio Valentini (right), listen to a comment from Managing Director, Development Bank of Jamaica (DBJ), Milverton Reynolds, just before the start of day two of a Public Private Partnership (PPP) seminar on February 20, at the Jamaica Pegasus hotel in New Kingston.

DBJ Committed to PPP Programme

Chairman, Development Bank of Jamaica (DBJ), Joseph Matalon, says the institution is committed to the sustainable implementation of the Government’s public-private partnership (PPP) programme. The DBJ is charged with the responsibility of managing the Government of Jamaica’s PPP and privatisation...

Finance and Planning Minister, Dr. the Hon Peter Phillips (left), in discussion with Director, Public Private Partnership (PPP) Solutions and Chief Executive of the Commonwealth Association for Infrastructure Development, David Wright, during Thursday’s (February 20) second and final day of the Public Private Partnership (PPP) conference, staged by the British High Commission, in partnership with United Kingdom (UK) Trade and Invest and the Development Bank of Jamaica (DBJ). It was held at the Jamaica Pegasus Hotel, New Kingston, under the theme: ‘Delivering Growth by Partnership – Sharing UK Capabilities in PPP’. Dr. Phillips was the keynote speaker.

Privatization Could Result in US$500M Investment

Minister of Finance and Planning, Dr. the Hon. Peter Phillips (right), is welcomed by Acting Town Clerk, Andrine McLaren (left), and City Terasurer, Naudia Crosskilll, to the first town hall meeting for 2014, hosted by the Kingston and St. Andrew Corporation (KSAC), at St. Luke — Minister of Finance and Planning, Dr. the Hon. Peter Phillips (right), is welcomed by Acting Town Clerk, Andrine McLaren (left), and City Terasurer, Naudia Crosskilll, to the first town hall meeting for 2014, hosted by the Kingston and St. Andrew Corporation (KSAC), at St. Luke's Anglican Church, in Cross Roads, on February 19. Dr. Phillips was the guest speaker at the packed forum.

Finance Minister Upbeat on Progress

Director General, Planning Institute of Jamaica (PIOJ), Collin Bullock (centre), emphasizes a point during the institute’s quarterly media briefing at the agency’s New Kingston offices on February 19. Flanking him are: Director of the PIOJ’s Economic Planning, Research and Policy Logistics Division, James Stewart (left); and Programme Director for the PIOJ’s Plan Development Unit, Richard Lumsden.

Increase in Number of Persons Employed

Director General, Planning Institute of Jamaica (PIOJ), Collin Bullock (centre), and Director of the PIOJ’s Economic Planning, Research and Policy Logistics Division, James Stewart (left), in discussion with Programme Director for the PIOJ’s Plan Development Unit, Richard Lumsden, prior to the start of the institute’s quarterly media briefing on February 19, at the agency’s New Kingston offices.

Third Quarter Growth of 1.4%

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Finance and Planning Minister, Dr. the Hon. Peter Phillips (seated left), is on light conversation with Inter-American Development bank (IDB) Resident Representative in Jamaica, Therese Turner-Jones (seated right), before signing copies of agreements at the Ministry in Kingston, on Tuesday (February 18) for the provision of $3.39 billion (US$31.65 million) by the IDB, People’s Republic of China; and European Union (EU), to finance the government’s Public Sector Efficiency Programme. Observing the proceedings are: Deputy Financial Secretary, Ministry of Finance and Planning, Wayne Jones (left); China’s Ambassador to Jamaica, His Excellency Dong, Xiaojun (centre); and Head of Cooperation for the EU Delegation in Jamaica, Jesús Orús Báguena.

12 years ago Finance & Public Service

Government Receives Funds for Public Sector Efficiency Programme

The Government of Jamaica has secured $3.39 billion (US$31.65 million) in multi-lateral loan and grant funding support to implement Jamaica’s Public Sector Efficiency Programme. The funds are being provided by the Inter-American Development Bank (IDB); the Government of the People’s Republic of China; and the European Union (EU). The IDB is providing US$14 million; China – US$11 million, under its...

Leader of the Opposition, Dr. Peter Phillips.

12 years ago Finance & Public Service

Dr. Phillips Leaves for IDB Consultation in Trinidad

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, heads a four-member delegation is leaving the island on Thursday, February 13, to attend the Third Annual Consultation Meeting of the Inter-American Development Bank (IDB) with Caribbean Governors in Port of Spain, Trinidad. Minister with responsibility for Information, Senator the Hon. Sandrea Falconer made the disclosure during on February 12...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips (2nd left), responds to a question, during Thursday’s (February 13) media briefing at the Ministry’s National Heroes Circle offices in Kingston to provide an update on the visit of the International Monetary Fund’s (IMF) Staff Mission. Listening (from left) are: Financial Secretary in the Ministry, Devon Rowe; IMF Mission Team Head, Jan Kees Martijn; and IMF Representative in Jamaica, Dr. Bert Van Selm (right).

12 years ago Finance & Public Service

Jamaica on Target to Pass IMF Third Quarter Review

Jamaica is on target to pass the International Monetary Fund’s (IMF) third quarterly economic review, under the four-year Extended Fund Facility (EFF). The approval, which is expected by the end of March, will pave the way for a fourth drawdown of funds totalling US$71 million under the programme. This was disclosed by Head of the IMF Staff Mission Team to...

Finance and Planning Minister, Dr. the Hon. Peter Phillips (at podium), addressing a public forum at the University of the West Indies (UWI), Mona, St. Andrew, on the theme: ‘Jamaica and the IMF – Is this Time Different?’, on February 12. Listening keenly are: Director of the UWI’s Sir Arthur Lewis Institute of Social and Economic Studies (SALISES) and co-presenter, Professor Brian Meeks (right); and Lecturer in the UWI’s Department of Economics, Dr. Christine Clarke. The forum was hosted jointly by the Finance and Planning Ministry and the UWI.

12 years ago Finance & Public Service

Successful Implementation of ERP a Must – Finance Minister

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the government is compelled to ensure the successful implementation of the current economic reform programme (ERP), based on the sacrifices and commitments made by stakeholders to facilitate this. Speaking at a public forum, jointly hosted by the Ministry and University of the West Indies (UWI), at Mona on February 12,...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, emphasizes a point at the graduation ceremony for the first cohort of students in the ‘Animate Jamaica’ certificate programme, held on February 8, at the Caribbean Institute of Media and Communications (CARIMAC), St. Andrew.

12 years ago Finance & Public Service

Animators Urged to Protect Intellectual Property

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, is urging young entrants in the animation industry to protect their intellectual property through copyright. He said this will ensure that they can reap the financial benefits from their original works. “I would urge all of you to explore all of those aspects of the reality of your industry (and)...

President of the Insurance Association of Jamaica, Hugh Reid.

12 years ago Finance & Public Service

FSC Hailed for Ensuring Integrity of Insurance Industry

The Insurance Association of Jamaica (IAJ) is hailing the work of the Financial Services Commission (FSC) in ensuring the integrity of the insurance industry and protecting the interests of Jamaicans over its 12 years of existence. In an interview with JIS News, the Association’s President, Hugh Reid, who is also President of Scotia Jamaica Life Insurance Company, said that the...

Finance and Planning Minister, Dr. the Hon. Peter Phillips (left), and Inter-American Development Bank (IDB) Country Representative in Jamaica, Therese Turner-Jones (left), sign copies of two loan agreements for the IDB’s provision of just over $15 billion (US$140 million) in budgetary support to the government to undertake the country’s Fiscal Structural Programme for Economic Growth, and Competitiveness Enhancement Programme (III). The signing took place at the Finance and Planning Ministry, in Kingston, on February 6. Overseeing the proceedings is the Ministry’s Communications and Public Relations Director, Cheryl Smith.

12 years ago Finance & Public Service

Jamaica Gets $15 Billion Support from IDB

Jamaica has received additional multilateral funding support, totaling just over $15 billion (US$140 million), from the Inter-American Development Bank (IDB). The loan provisions, which were approved by the IDB’s Board on February 5, will provide the Government with the necessary budgetary support to undertake the country’s Fiscal Structural Programme for Economic Growth, and Competitiveness Enhancement Programme (III). A sum of...