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The first tranche of US$207 million from the International Monetary Fund (IMF) is expected to be deposited into the Jamaican account on Friday, May 3. Confirmation came from Prime Minister, the Most Hon. Portia Simpson Miller, who addressed a post budget news conference on Friday morning, at Jamaica House, where she reiterated that US$90 million will be provided for budgetary...

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the task to successfully complete the obligations under the International Monetary Fund (IMF) programme is a national undertaking, which will require “all hands on deck”. “If we are to create this new environment, it is not a task that can be accomplished simply by Government operating on its own. It...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, says the National Debt Exchange (NDX) is estimated to have reduced annual interest payments by $17 billion for the seven-year period from 2013/14 through to 2019/20. The Minister was closing the Budget Debate on Wednesday, May 1, in the House of Representatives under the theme: ‘A New Direction For Hope...

The first tranche of US$207 million from the International Monetary Fund (IMF) is expected to be deposited into the Jamaican account May 3. Confirmation came from Prime Minister, the Most Hon. Portia Simpson Miller, who addressed a post budget news conference on May 3, at Jamaica House, where she reiterated that US$90 million will be provided for budgetary support.  This...

The administration has authorised the International Monetary Fund (IMF) to publish all the documentation related to the just approved US$958 million four-year Extended Fund Facility (EFF). Minister of Finance and Planning, Dr. the Hon. Peter Phillips, who made the disclosure in Gordon House on Wednesday, May 1, as he closed the 2013/14 Budget Debate, said that this is in order...

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the supply contracts of the Clarendon Alumina Partners Limited (CAP) will be modified to ensure that its obligations will not incur additional costs to the budget, even as it remains operational. Dr. Phillips was making the closing presentation in the 2013/14 Budget Debate in the House of Representatives, on Wednesday,...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, has assured Jamaicans that the Government will not be taxing basic food items. The Minister made the declaration as he closed the 2013/14 Budget Debate on Wednesday, May 1, in the House of Representatives. He was responding to comments by the Opposition for the removal of all tax exemptions attributable...

Minster of Finance and Planning, Dr. the Hon. Peter Phillips, says there is no need for additional regulations before the Requests for Proposals (RFPs) are issued for the development of integrated resorts. He said that the regulations that have been promulgated “are all that is needed to issue the RFPs.” Dr. Phillips was speaking as he closed the 2013/2014 Budget...

Finance and Planning Minister, Dr. the Hon. Peter Phillips, is calling for further collaboration between Government and Opposition Parliamentarians on the issue of public sector transformation. Dr. Phillips said this is to “ensure that we collectively deliver to Jamaica, a much more efficient, user friendly and growth-oriented public sector to the country.” The Minster made the call during his closing...

The Government, through the Development of Bank of Jamaica (DBJ), has made some $360 million in loans available for the implementation of energy efficiency and renewable energy projects across various sectors. Minister of Finance and Planning, Dr. the Hon. Peter Phillips, in closing the 2013/2014 Budget Debate on Thursday, May 1, in the House of Representatives, informed that residential customers...

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the supply contracts of the Clarendon Alumina Partners Limited (CAP) will be modified to ensure that its obligations will not incur additional costs to the budget, even as it remains operational. Dr. Phillips was making the closing presentation in the 2013/14 Budget Debate in the House of Representatives, on Wednesday,...

The International Monetary Fund (IMF) has approved Jamaica’s application for a four-year Extended Fund Facility (EFF) in the amount of approximately US$958 million. Making the announcement while closing the 2013/14 Budget Debate in Gordon House, on Wednesday, May 1, Minister of Finance and Planning, Dr. the Hon. Peter Phillips, informed that the first drawdown from the IMF of over US$200...