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The Mission from the International Monetary Fund (IMF), which reviewed Jamaica's economic programme under the Stand-By Arrangement, has recommended that the Fund relax the primary surplus fiscal target for this year by 0.3 per cent of gross domestic product (GDP). At a press briefing on the country's performance for the quarter ending in September, held at the Ministry of Finance...

Governor of the Bank of Jamaica, Brian Wynter, is expected to meet with the heads of local commercial banks next week, to discuss the findings of an investigation into the charges being applied by these banks. The announcement was made by the Minister of Finance and the Public Service, Hon Audley Shaw, at a press conference at the Ministry, Friday...

Existing and potential exporters and linkage companies to the export sector are invited to an interactive workshop to be hosted by the EXIM Bank on November 23, at the Wyndham Kingston Hotel, in New Kingston. Dubbed, 'Tackling Business Problems Finding Solutions', the workshop will facilitate discussions on meeting new standards for the international marketplace; simplifying the process of getting goods...

Bank of Jamaica (BoJ) Governor, Brian Wynter, says there is a need for discussions between the Bank and financial institutions, to determine the timeframe within which they could reduce interest rates, reflecting consistency with BoJ policy. Speaking at the BoJ's quarterly briefing at the institution's downtown Kingston auditorium on Wednesday (November 10), Mr. Wynter noted that while the central bank's...

Bank of Jamaica (BoJ) Governor, Brian Wynter, says the institution is currently making preparations to accept applications from financial entities interested in operating credit bureaus. Speaking at the BoJ's quarterly briefing, downtown Kingston, on Wednesday (November 10), Mr. Wynter said that with the legal framework already in place, the central bank is completing work on the commercial framework. He said...

Bank of Jamaica (BoJ) Governor, Brian Wynter, says there is a need for discussions between the Bank and financial institutions, to determine the timeframe within which they could reduce interest rates, reflecting consistency with BoJ policy. Speaking at the BoJ's quarterly briefing at the institution's downtown Kingston auditorium on Wednesday (November 10), Mr. Wynter noted that while the central bank's...

Until December 2011, the National Certification Body of Jamaica (NCBJ) will be offering a 25 per cent discount to all organisations, in the private and public sector, requiring management systems certification. To access the discounted rates, persons will need to apply for the NCBJ's special discount card. Management system certification refers to the verification, by a competent third party authority,...

State Minister in the Ministry of Finance and the Public Service, Senator Arthur Williams, has re-emphasised the Government's commitment to pension reform. "The Government continues to be quite clear on the need for reform there may be deficiencies in the current system, but we are committed to ensuring that the reform takes place," Senator Williams said at this morning's (November...

The Bank of Jamaica (BoJ) unveiled a commemorative limited edition $50 note, on November 10, as part of activities to mark the institution's 50th anniversary. Speaking at the BoJ's quarterly press briefing in the institution's auditorium, downtown Kingston, Governor, Brian Wynter, said the note's issuance is in commemoration of the passage of the Bank of Jamaica Act in October 1960,...

Bank of Jamaica Governor, Brian Wynter, says the economy recorded positive developments during the July to September quarter of the current fiscal year. These developments, he points out, included a decline in the projected inflation rate, a trending down of interest rates, a relatively stable foreign exchange market and substantial increases in the net international reserves, underpinned by continuing fiscal...

Public sector entities are being encouraged to remain steadfast in their commitment to customer service excellence as their work directly impacts on the achievement of the nation's development imperatives and by extension the Vision 2030 Jamaica - National Development Plan. In an interview with JIS News, Acting Chief Standards and Monitoring Officer of the Public Sector Modernisation Division, Cabinet Office...

Jamaica's ability to protect its borders will be further reinforced with the signing of an agreement with Panama to enable its Customs to undertake investigations in that country. "We have signed agreements this week to work with the Panamanian Customs, that we have the ability to launch investigations from that end," Commissioner of Customs, Danville Walker, told the Jamaica Chamber...