The Planning Institute of Jamaica (PIOJ) is reporting that mining, quarrying and construction were the main sectors recording growth during the April to June quarter. Director General of the PIOJ, Colin Bullock, who made the disclosure during the institute’s quarterly media briefing at its New Kingston offices on Tuesday, August 27, said mining and quarrying recorded growth of five per...

Steadfast commitment to implementation, and re-building confidence in the economy, are two factors deemed necessary for the success of Jamaica’s current economic programme and the country’s performance, under the new International Monetary Fund (IMF) US$932.3 million four-year Extended Fund Facility (EFF). Finance and Planning Minister, Dr. the Hon. Peter Phillips, and Head of the IMF’s Mission Team to Jamaica, Jan...

Minister of Finance and Planning, the Hon. Dr. Peter Phillips, is to meet with representatives of the Statistical Institute of Jamaica (STATIN) to review the recently released employment figures. Dr. Phillips made the disclosure during an interview on the Jamaica Information Service’s ‘Issues and Answers’ Programme recently. “I am going to be meeting with the STATIN people to see what...

The Government’s efforts in implementing Jamaica’s current economic programme have been deemed “strong” by the International Monetary Fund (IMF) Mission Team, which has concluded the country’s first quarterly review under the new Extended Fund Facility (EFF). The IMF team, led by Mission Head, Jan Kees Martijn, has been in the island for the past 10 days reviewing Jamaica’s performance, for...

The Bank of Jamaica (BoJ) is reporting that inflation during the April to June quarter was 1.2 per cent, well below the two to three per cent range projected in May. Making the announcement at the BoJ’s quarterly media briefing on Wednesday, August 21, Governor, Brian Wynter, who described the outturn as “encouraging”, said the figure is “way below” the...

Bank of Jamaica (BOJ) Governor, Brian Wynter, is projecting modest economic growth of one per cent growth for the July to September quarter. This forecast, he says, is based on several factors, which were outlined to journalists during the Central Bank’s quarterly media briefing at the BOJ’s downtown Kingston offices on Wednesday, August 21. These factors, Mr. Wynter said, include:...

Bank of Jamaica (BoJ) Governor, Brian Wynter, is reporting that Jamaica has “comfortably met” the stipulated monetary targets under the International Monetary Fund (IMF) US$932.3 million four-year Extended Fund Facility (EFF), for the April to June quarter. This is  in relation to the Net International Reserves (NIR), as well as fiscal and debt targets and structural benchmarks which were also...