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Finance and Planning Minister, Dr. the Hon. Peter Phillips (left); and Bank of Jamaica (BoJ) Governor, Brian Wynter (centre), listen keenly to Head of the International Monetary Fund (IMF) Mission Team, Jan Kees Martijn, during a brief discussion that followed a media briefing at the Ministry’s National Heroes Circle offices in Kingston on May 21, where an update was provided on the latest visit by the delegation, whose members have been in island for the past week for talks with government officials on the progress of the IMF-funded economic reform programme, being implemented by the administration.
Finance and Planning Minister, Dr. the Hon. Peter Phillips (left); and Bank of Jamaica (BoJ) Governor, Brian Wynter (centre), listen keenly to Head of the International Monetary Fund (IMF) Mission Team, Jan Kees Martijn, during a brief discussion that followed a media briefing at the Ministry’s National Heroes Circle offices in Kingston on May 21, where an update was provided on the latest visit by the delegation, whose members have been in island for the past week for talks with government officials on the progress of the IMF-funded economic reform programme, being implemented by the administration.

Government and IMF Optimistic Targets are Achievable

The Government and the International Monetary Fund (IMF) remain optimistic that the targets outlined in Jamaica’s current economic reform programme, being supported by the IMF, are achievable. Finance and Planning Minister, Dr. the Hon. Peter Phillips, and Mission Head for...
Opposition Spokesperson on Foreign Affairs and Foreign Trade, Dr. Morais Guy. (File)
Opposition Spokesperson on Foreign Affairs and Foreign Trade, Dr. Morais Guy. (File)

Mortgage Balances of 50 Homeowners to be Written Off
Finance and Planning Minister, Dr. the Hon. Peter Phillips (left), addresses journalists during a media briefing at the Ministry’s National Heroes Circle offices in Kingston on May 21. An update was provided on the latest visit by the International Monetary Fund’s (IMF) Mission Team, whose members have been in island for the past week for talks with government officials on the progress of the IMF-funded economic reform programme being implemented by the administration. Listening keenly (from 2nd left) are: Bank of Jamaica (BoJ) Governor, Brian Wynter; IMF Mission Team Head, Jan Kees Martijn; outgoing IMF Resident Representative in Jamaica, Dr. Gene Leon; and incoming Resident Representative, Bert Van Selm.
Finance and Planning Minister, Dr. the Hon. Peter Phillips (left), addresses journalists during a media briefing at the Ministry’s National Heroes Circle offices in Kingston on May 21. An update was provided on the latest visit by the International Monetary Fund’s (IMF) Mission Team, whose members have been in island for the past week for talks with government officials on the progress of the IMF-funded economic reform programme being implemented by the administration. Listening keenly (from 2nd left) are: Bank of Jamaica (BoJ) Governor, Brian Wynter; IMF Mission Team Head, Jan Kees Martijn; outgoing IMF Resident Representative in Jamaica, Dr. Gene Leon; and incoming Resident Representative, Bert Van Selm.

Positive Feedback from IMF
Commissioner of Customs, Major Richard Reese (right), exchanges pleasantries with Director of Executive Services, Jamaica Customs Agency, Patricka Wiggan-Chambers, during a forum organized by the agency at the offices of the Montego Bay Chamber of Commerce and Industry, in St. James, yesterday (May 17).
Commissioner of Customs, Major Richard Reese (right), exchanges pleasantries with Director of Executive Services, Jamaica Customs Agency, Patricka Wiggan-Chambers, during a forum organized by the agency at the offices of the Montego Bay Chamber of Commerce and Industry, in St. James, yesterday (May 17).

Improved Collection at Montego Bay Revenue Centres
Bank of Jamaica (BoJ) Governor, Brian Wynter (centre), addresses journalists during the institution’s quarterly media briefing at its downtown Kingston offices on Wednesday, May 15. Flanking him are BoJ Deputy Governors, Gayon Hosin (left); and Myrtle Halsall.
Bank of Jamaica (BoJ) Governor, Brian Wynter (centre), addresses journalists during the institution’s quarterly media briefing at its downtown Kingston offices on Wednesday, May 15. Flanking him are BoJ Deputy Governors, Gayon Hosin (left); and Myrtle Halsall.

BOJ Projects Modest Growth for 2013/14

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Finance & Public Service

JMB Looks to Meet Demand for Mortgage Facility

The Jamaica Mortgage Bank (JMB) is sourcing additional funding to ensure the continuity of its Secondary Mortgage Market (SMM) programme, due to the high demand for the facility. According to Minister without portfolio in the Ministry of Transport, Works and Housing, Dr. Hon. Morais Guy, the JMB has been advised that there is a demand for some $1.5 billion in...
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Finance & Public Service

Seventh TAJ Employee Arrested in Missing Motor Vehicle Registration Certificates Investigation

As the Revenue Protection Division (RPD) continues its pursuit and investigation into the missing high value documents from the Tax Administration Jamaica (TAJ), on April 19, 2013, officers from the Division arrested and charged Derrick Smalling, with one count each of Conspiracy to Defraud, breach of the Corruption Prevention Act and Falsification of Accounts. The missing documents include motor vehicle...
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Finance & Public Service

CAC Secures $14 Million in Redress for Consumers

The Consumer Affairs Commission (CAC) secured over $14 million on behalf of aggrieved consumers during the 2012/13 financial year, Chief Executive Officer (CEO), Dolsie Allen, has disclosed. In an interview with JIS News, Mrs. Allen said that the sum was for the settlement of 1,607 of 1,782 complaints received, representing a 90 per cent resolution rate. She noted that the...
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Finance & Public Service

JAMPRO Packaging Projects to Interest the Diaspora

Jamaica Promotions Corporation (JAMPRO) will be implementing its 'Business Connect' strategy with the Diaspora, in time for the 5th Biennial Diaspora Conference, to be held from June 16 to 19 at the Montego Bay Convention Centre, in St. James. "JAMPRO is currently in the process of activating inward investment and business missions from the United States, Canada, and the United...
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Finance & Public Service

Bill to Harmonise Taxation of Charities Passed

A Bill making provisions for harmonising the treatment of charitable organisations for the purpose of taxation was passed in the House of Representatives on May 15. The Charitable Organisation (Tax Harmonisation) (Miscellaneous Provisions) Act 2013, was piloted by Minister of Finance and Planning, Dr. the Hon. Peter Phillips. The Bill is considered as a structural benchmark within the extended fund...
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Finance & Public Service

NIR Grows to US$997.3 Million

Bank of Jamaica (BoJ) Governor, Brian Wynter, is reporting a US$113 million increase in the country’s Net International Reserves (NIR). The figure is US$997.3 million as at May 10, compared to US$884.3 million at the end of March. Mr. Wynter attributed the improvement to “substantial” purchases of foreign exchange from the market by the BoJ, as well as the initial...
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Finance & Public ServiceParliamentSenate

Senate Approves Budget

The Senate has approved the Appropriations Bill, giving approval to the Government's estimated expenditure of $520.88 billion for the financial year 2013/2014. A budget of $520.88 billion was presented by the Government for 2013/14, with $370.5 billion earmarked for Recurrent (house-keeping) expenses and $150.38 billion for Capital (development) spending. In piloting the Bill in the Senate on Friday, May 10,...
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