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As part of its management of public expenditure, the Government will enact legislation, before the end of 2010/11, to put in place a fiscal responsibility framework. This as it anticipates final approval from the IMF executive Board for a standby loan facility of US$1.25 billion this month. In a presentation in the House of Representatives on Tuesday (January 19), Minister...

Minister of Finance and the Public Service, Hon. Audley Shaw, says reports from rating agencies, Standards & Poors and Fitch, indicate that Jamaica's credit rating will improve to the single "B" category, soon. This is upon successful closing of liability management transactions under the proposed public debt exchange, which forms part of Government's debt management strategy. He noted that this...

The Tax Administration is reminding all companies, organisations, self-employed persons and employed persons with other sources of income that March 15 is the due date to file income tax returns.

Leaders of Jamaica's financial sector are expressing support for the Jamaica Debt Exchange (JDX) initiative, launched on January 14 as a critical element of an economic programme agreement with the International Monetary Fund (IMF). The importance of the initiative was emphasised by the Managing Director of the Fund, Dominique Strauss-Kahn, in a statement hours before the launch confirming an agreement...

The Trelawny Parish Council is revelling in its recent award from the Department of Local Government for outstanding performance in financial management for the period 2007 to 2009. The award, which was presented at a special function held on December 30 in White River, St. Mary, was cause for much celebration at the first monthly meeting of the Council for...

On behalf of the Government of Jamaica, I am pleased to enclose a copy of the Information Memorandum relating to the Jamaica Debt Exchange (JDX). This describes an arrangement through which you may submit your holdings of certain domestic bonds to receive an equal principal amount of new longer dated Benchmark Notes. CLICK TO SEE FULL DOCUMENT

The Government's $700 billion Jamaica Debt Exchange (JDX) offer initiative was launched on Thursday (January 14) at the Bank of Jamaica's (BoJ) auditorium, downtown Kingston. Prime Minister the Hon. Bruce Golding, urged support for the undertaking, and pledged the administration's commitment to good governance. The JDX is a new debt management initiative involving the voluntary exchange of existing bonds, excluding...

The Government has been lauded for its debt exchange programme initiative by the President of the Jamaica Bankers Association, Minna Israel. She was speaking at the launch of the Jamaica Debt Exchange programme today (Jan 14) at the Bank of Jamaica's auditorium in Kingston. Miss Israel said: "We hope that we will see the economic growth and development programme. We...

Managing Director of the International Monetary Fund (IMF), Dominique Strauss-Kahn, issued the following statement on Jamaica today: "IMF staff and the Jamaican authorities today reached agreement, subject to final approval by the IMF Executive Board, on an economic programme supported by an SDR 802.5 million (about US$1.25 billion) loan under a 27-month Stand-By Arrangement. The programme could go to the...

Jamaica has agreed to an intensive and extensive programme of monitoring and surveillance by the International Monetary Fund (IMF), to ensure that it meets the targets of the new loan agreement, Prime Minister the Hon. Bruce Golding said Wednesday night (January 13). "There is data that we will have to transmit on a daily, weekly, fortnightly and monthly basis. We...

The critical objectives set out in Vision 2030 Jamaica for macro-economic stability are in keeping with strategies that the International Monetary Fund (IMF) will consider in its programme for Jamaica. This is the word from Programme Director for the Plan Development Unit at the Planning Institute of Jamaica (PIOJ), Mrs. Leila Palmer. She said that the strict framework of the...

Prime Minister the Hon. Bruce Golding says Government has signed off on the details of the programme to be signed with the International Monetary Fund in the letter of intent. Coming out of this past weekend's Cabinet retreat, the Prime Minister announced that he will be addressing the nation in a national broadcast on Wednesday (Jan 13). The Prime Minister...