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Minister of Finance and Public Service, Dr. the Hon. Peter Phillips, has affirmed the Government’s intention to have a new agreement in place with the International Monetary Fund (IMF) by the end of this year. He was responding to comments made in the House of Representatives on Tuesday (July 31), by Opposition Member of Parliament, Karl Samuda, who stated that...

Minister of Finance, Dr. the Hon. Peter Phillips, says that reducing the effects of natural disasters is critical to the country’s economic programme, based on the significant impact of loss and damages on the Gross Domestic Product (GDP). He said data from the Planning Institute of Jamaica (PIOJ) indicates that damage associated with hurricanes, floods and droughts has cost the...

The Government is moving towards the implementation of a merged structure between the Agricultural Credit Board and the Department of Co-operatives and Friendly Societies. This was announced by Minister of State for Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams on July 18, during her contribution to the 2012/13 Sectoral Debate in the House of Representatives. She noted that the move...

Last week, I visited Washington D.C. where I had discussions with the staff of the International Monetary Fund and with the Inter-American Development Bank, covering Jamaica’s macroeconomic programme. The objective of the visit was to present the Fund with an update on the macro economic developments in Jamaica, including the recently concluded Budget exercise and more importantly, to settle definitively...

The Public Service Commission has announced the appointments of Mrs. Nicole Foster-Pusey as Solicitor General in the Attorney General’s Chambers; and Mrs. Deirdre A. P. English-Gosse as Chief Executive Officer and Deputy Keeper of the Records in the Registrar General’s Department (RGD). The appointments take effect on August 7, 2012. Mrs. Foster-Pusey previously served in the Attorney General’s Chambers between...

The Jamaica Mortgage Bank (JMB) will be implementing a Home Deposit Financing Programme, in an effort to make home ownership more accessible to Jamaicans.  This was disclosed by Minister with responsibility for Housing, Hon. Dr. Morais Guy, during his contribution to the 2012/13 Sectoral Debate in the House of Representatives on July 10. "It has long been recognised that finding...

The public is being invited to submit nominations for this year’s Public Sector Customer Service Competition, which opens on Monday (July 9). The biennial competition, which is open to all public sector organizations, seeks to promote and encourage commitment to and continuous improvement in the quality of service delivery to the public, by recognizing and rewarding efforts of government agencies to...

Finance and Planning Minister, Dr. the Hon. Peter Phillips, is anticipating significant accruable benefits to micro, small and medium enterprise (MSME) stakeholders, from several measures being pursued for implementation by the government, to enhance growth and productivity within that sector. Speaking at a post-Budget forum hosted by the MSME Alliance, at the University of Technology, St. Andrew, on the theme:...

Minister of Finance, Planning and the Public Service, Hon. Dr. Peter Phillips, says a national consensus is required of all Jamaicans about the importance of the country getting out of the current debt trap. The Minister said it has often been repeated, but not truly recognised by a lot of people, the severity of the economic situation that the country...

The Government has taken another step towards strengthening security at its commercial ports, with the signing of a Letter of Intent with the United Nations Office on Drugs and Crime (UNODC), to participate in the Container Control Programme.   The signing took place on June 27, at the Ministry of Finance and the Public Service, in Kingston. This programme is...

As the Bank of Jamaica (BoJ) moves to further strengthen measures to safeguard the financial sector, Minister of Finance and Planning, Hon. Dr. Peter Phillips, is encouraging Credit Unions to accept the new regulations when they come on stream. Addressing the recent Caribbean Confederation of Credit Unions (CCCU) Annual International Convention, at the Ritz Carlton Hotel, in Montego Bay, the...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips, is urging the local credit union movement to promote amongst its membership, the need to comply with international standard regulations in the financial sector. The Minister who spoke at the opening ceremony of the Caribbean Confederation of Credit Unions on Saturday, June 23, at the Ritz Carlton Hotel, in Montego...