More

Minister of Finance and the Public Service, Hon. Audley Shaw, has advised persons seeking to establish businesses to consider equity financing over the high interest rates charged by some financial institutions. "Instead of paying interest rates at the banks that would make your projects unviable, consider going to the junior stock exchange for your equity financing," Mr. Shaw said. "We...

A grant of $1.728 million Euros ($203.83 million) was signed Friday (October 22) under the Tropical Storm Gustav Recovery Project, at a press briefing at the Ministry of Finance and the Public Service in Kingston. The grant is being provided by the European Union (EU), through the World Bank. The funds will be used to support government's efforts to restore...

At least 40 public sector officials will benefit from the 'Introduction to International Best Practices in Public Procurement' course, which was officially launched on (October 19) by the Management Institute for National Development (MIND). Deputy Financial Secretary, Public Expenditure and Coordination Division in the Ministry of Finance and the Public Service, Robert Martin, in his address at the launch held...

Minister of Finance and the Public Service, Hon. Audley Shaw, says his meetings with Jamaica's multilateral partners in Washington and tour of seven European cities, went "exceedingly well". However, he emphasised that the trip was a scheduled one, and not primarily for the purpose of seeking funding for damage caused by Tropical Storm Nicole. "The original purpose of the visit...

An interim Central Treasury Management Fund System (CTMS) will be in place by April 2011. This was disclosed by Minister of Finance and the Public Service, Hon. Audley Shaw during the sitting of the House of Representatives on Tuesday (October 19) at Gordon House. The CTMS aims to ensure better management of public resources, by bringing the responsibility for treasury...

"We cannot make blood out of stone," Minister of Finance and the Public Service, Hon Audley Shaw, has responded to criticisms of the Government's position on pay increases for public sector workers. "It's not a statement of arrogance, it is a factual statement. Let's start talking honestly to one another," Mr. Shaw suggested to the trade unions, as he responded...

Minister of Finance and the Public Service, Hon. Audley Shaw, has said that since resuming its programme with the International Monetary Fund (IMF), Jamaica has recorded unquestioned economic progress. "There is now no debate as to whether there has been progress in the last three years, in the Jamaican economy," the Minister told an audience on Thursday October 7 at...

Minister of State in the Ministry of Finance and the Public Service, Senator Arthur Williams, will chair the Public Sector Monitoring Committee (PSMC) which has been appointed by the Cabinet. The committee will also include representatives of: the Office of the Prime Minister (OPM), representing the Public Sector Transformation Unit (PSTU); the Ministries of Finance and the Public Service, Education,...

Minister of Finance and the Public Service, Hon. Audley Shaw will, tomorrow (October 7), brief the International Monetary Fund (IMF), in Washington, on the level of damage that the country has sustained from Tropical Storm Nicole, and its likely impact on the Government's fiscal programme. Prime Minister, Hon. Bruce Golding told the House of Representatives, yesterday (October 5), that the...

Minister of Finance and the Public Service, Hon. Audley Shaw, says that many of the issues pressing Jamaica today are not economic, and has challenged the Church to lead a moral crusade involving the various spheres of the society. "Many of the problems that we have to solve are not necessarily economic; many of them begin in the hearts and...

A survey on bank charges conducted by the Consumer Affairs Commission (CAC) has shown that with the reduction of interest rates, there has been an increase in service charges by banks on various products. Speaking at a press briefing, on (October 5), at the Ministry of Industry, Investment and Commerce, Minister, Hon. Karl Samuda noted that the highest recorded rate...

With the passage of Tropical Storm Nicole and the resulting infrastructural damage, a large percentage of the island's labour force have had to remain at home. As such, the Ministry of Finance and the Public Service is reminding public servants that in the circumstances resulting in absenteeism from work during the inclement weather, persons are guided by Circular No. 23,...