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Minister of Finance and Planning, Dr. the Hon. Peter Phillips (left), shares a point with Executive Director of the Financial Services Commission (FSC), Janice Holness, at the opening ceremony of the 10th Annual Caribbean Group of Securities Regulators' (CGSR) Conference and Workshop on November 6, at the Hylton Rose Hall Resort and Spa, in St. James.

FSC Head Says Regulatory Regimes Needed To Protect Investors

Executive Director of the Financial Services Commission (FSC), Janice Holness, says that the impact of globalization on emerging economies has dictated the need to develop efficient regulatory regimes that can provide vital investor protections. She said that these regulatory regimes...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips.

Junior Market Given Transition Period

Resident Representative of the International Monetary Fund (IMF), Bert van Selm (at podium), addresses members of the Jamaica Exporters’ Association (JEA), during a Breakfast Forum, held at the organisation’s headquarters in St. Andrew on October 29. Looking on is Vice President of the JEA, Lynden Nugent.

IMF Team to Visit in November for Review

Minister of Finance and Planning, Dr. the Hon. Peter Phillips addresses parliament on October 29.

Finance Minister Tables Bills for New Incentive Regime

Principal Director in the Ministry of Science, Technology, Energy and Mining, Fitzroy Vidal, emphasizes a point as he addresses a Jamaica Information Service (JIS) Think Tank on October 16 at the JIS head office in Kingston.

Gov’t to Accelerate Public Sector Energy Efficiency and Conservation Programme

13 years ago Finance & Public Service

Jamaica to Get Two Budget Support Disbursements

Jamaica is to receive budgetary support amounting to €9.2 Million or JMD$1.3 Billion in two disbursements from the European Union. The disbursement is in addition to €7 Million already paid in September. This was announced by EU Commissioner for Development Mr. Andris Piebalgs during a meeting with Minister of Finance and Planning, Dr. the Hon. Peter Phillips. Dr. Phillips is...

Financial Secretary, Ministry of Finance and Planning, Devon Rowe, addresses the Audit Commission’s annual conference today (Oct.15), at the Jamaica Conference Centre, downtown Kingston under the theme: ‘Recalibrating Your Audit Committee: Performance at the Next Level’. Listening are: Audit Commission Chairman, Leighton McKnight (left, seated); and National Integrity Action (NIA) Executive Director, Professor Trevor Munroe.

13 years ago Finance & Public Service

Audit Committees Urged to Adhere to Governance Framework

Financial Secretary, Ministry of Finance and Planning, Devon Rowe, is urging strict adherence by the government’s Audit Commission and its affiliated committees to the principles of accountability, probity, and transparency. This, to ensure that state agencies and entities conform to the governance framework legislated for their operations. Mr. Rowe contended that having a “robust” monitoring and governance mechanism is necessary...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips (third left), addresses staff members of the embassy of Jamaica in Washington, D.C., on October 11. To the Minister’s right is Governor of the Bank of Jamaica (BOJ), Brian Wynter and to his left is Ambassador to the United States, His Excellency Stephen Vasciannie.

13 years ago Finance & Public ServiceForeign AffairsOfficial Visits

Work of Embassy Praised

WASHINGTON, D.C.- The work being done by staff at the embassy in Washington, D.C., to represent Jamaica in the United States (US), has come in for high praise from Minister of Finance and Planning, Dr. the Hon. Peter Phillips. Dr. Phillips, who met with members of the embassy on October 11, told them that their work to promote Jamaica’s interest...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips (left) and President of the Inter-American Development Bank (IDB), Luis Alberto Moreno affix their signatures to the US$60 million loan agreement between the IDB and Jamaica, at the IDB headquarters in Washington, D.C., today (October 11). The loan represents the third tranche of financing for the Public Financial and Performance Management Programme.

13 years ago Finance & Public Service

Jamaica Signs US$60 Million Loan Agreement with IDB

WASHINGTON, D.C. - Minister of Finance and Planning, Dr. the Hon. Peter Phillips yesterday (October 11), signed a US$60 million loan agreement with the Inter-American Development Bank (IDB), at its headquarters in Washington, D.C. The loan is the third tranche of financing for the Public Financial and Performance Management programme, which is aimed at strengthening fiscal discipline, improving public financial...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, at the Commonwealth Finance Ministers’ Meeting in Washington, D.C., on Wednesday, October 9. At right is the Director of External Resources in the Ministry of Finance of the Republic of Kenya, Jackson Kiyanjy and at centre is Director General of the Planning Institute of Jamaica (PIOJ), Mr. Colin Bullock.

13 years ago Finance & Public Service

Finance Minister Calls for More Support for Growth Agenda

WASHINGTON, D.C.: Minister of Finance and Planning, Dr. the Hon. Peter Phillips, has urged multilateral lending agencies to explore ways of giving more support to the growth agenda of small developing states. He said there are 32 small developing states within the Commonwealth, which had varying degrees of difficulty with debt overhang, which had to be brought to the attention...

13 years ago Finance & Public Service

Government Pays $9.9 Billion to Public Sector Workers

Since the beginning of the 2013/2014 Financial Year, payments amounting to approximately $9.9 billion have been made to Public Sector Workers. This was disclosed by Minister without portfolio in the Ministry of Finance and Planning, Hon. Horace Dalley, during a Statement to the House of Representatives on October 8. Giving a breakdown of the figures, Mr. Dalley said the five...

13 years ago Finance & Public Service

Gov’t Steers Clear of Capital Markets

Minister of Finance and Planning, Hon. Dr. Phillips, says the Government is holding strain and will avoid seeking funding from the capital markets for as long as is possible, as it continues to exercise strict fiscal management. “It’s a situation that we keep under review…we are trying to remain outside of the need to go to the capital markets for...