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Senior Director in the Debt Management Unit of the Ministry of Finance and the Public Service, Pamella McLaren, has said that pension funds and insurance companies should be receptive to the new Jamaica Debt Exchange initiative. "I expect the pension funds and insurance companies, in particular, will be very receptive to these new bonds. You spoke we listened," she declared...

Jamaica Customs Week, which will be observed from January 23 to 29, will focus attention on the continued thrust by the Jamaica Customs Department to develop partnerships with the business sector. "We always have to find ways to improve our procedures and processes at Customs so that bureaucracy is reduced, Jamaica becomes a more competitive place as a destination for...

Commissioner of Customs, Danville Walker, has said that the Jamaica Customs Department is looking to expand its Authorised Economic Operator (AEO) Programme, which has enjoyed significant success among a cross-section of large, medium and small companies. "We have close to some 400 companies now in that programme and they essentially can have all their paper work done through customs house...

Senior Director in the Debt Management Unit at the Ministry of Finance and the Public Service, Pamella McLaren, says that Jamaicans have the power to collectively change the country's debt profile. She said Jamaica's debt dynamics have become stressed, as a result of the combined effects of the accumulation of persistent fiscal deficits, high domestic interest rates and weak economic...

The Statistical Institute of Jamaica (STATIN) has been made aware that unauthorised persons have been visiting residences and business places claiming to be Census Takers and Interviewers employed to STATIN. STATIN wishes to inform the public that all STATIN members of staff who are required to collect information from householders and business places are equipped with STATIN identification cards, which...

The House of Representatives is scheduled to complete debate on Tuesday (January 26) on a motion from Minister of Finance and the Public Service, the Hon Audley Shaw, seeking approval of the Letter of Intent for a Standby Agreement with the International Monetary Fund (IMF) this month. The Government had expected to start and complete the debate Tuesday (January 19),...

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