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The Planning Institute of Jamaica (PIOJ) is reporting that Jamaica's short-term economic prospects are generally positive, with growth in the country's Gross Domestic Product (GDP) expected for this year. At the PIOJ's quarterly press briefing at the Institute, today (May 20), Acting Director General of the PIOJ, Dr. Pauline Knight, said that the improvement in the global economy, the support...

Minister of State in the Ministry of Finance and the Public Service, Senator Arthur Williams, today commended the Caribbean Development Bank (CDB) for four decades of contribution to regional development as well as the individual advancement of its borrowing members. Senator Williams was speaking at the Fortieth Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB)...

Eleven young manufacturing companies have been selected for special marketing opportunities under Continental (National) Baking Company's 'The Bold Ones' initiative. The companies, which were selected from a field of 18, were presented today (May 19) at a breakfast meeting at the Knutsford Court Hotel, in St. Andrew. They are: Adducci Jamaican Cigars, AMG Packaging, Banyan Creations, Chocolate Dreams, Country House...

Minister of Finance and the Public Service, Hon. Audley Shaw, says the Government will be "closing the door" on tax evasion, under the current tax waiver system. Speaking at a press conference today (may 18), at the Ministry of Finance and the Public Service, Heroes Circle, Mr. Shaw said that a forensic audit into the system has revealed several irregularities,...

Jamaica's performance under the economic programme set out in its agreement with the International Monetary Fund (IMF), has been better than expected, with the economy even over-performing in several areas. Minister of Finance and the Public Service, Hon. Audley Shaw, made this announcement in the House of Representatives, today (March 18), when he gave an update on the country's performance...

Minister of Finance and the Public Service, Hon. Audley Shaw, gave the following review and update of the IMF Stand-By Arrangement (SBA) during a Press Briefing at his Ministry Tuesday (May 18), at which the IMF confirmed that Jamaica's performance, up to March 31, 2010 was better than anticipated. Minister of Finance and the Public Service, the Hon Audley Shaw...

Jamaica has successfully met all the quantitative performance criteria of the International Monetary Fund (IMF), for the March 2010 test date. The IMF team, which was in Jamaica carrying out a review of Jamaica's performance under the Stand-By Arrangement (SBA) with the Fund, has found that Jamaica's performance up to March 31 was better than anticipated. Based on the performance...

Minister of Industry, Investment and Commerce, Hon. Karl Samuda, says that a draft bill to establish a statutory body for the development and promotion of Jamaica as a centre for international financial services has been referred to the Attorney-General for legal opinion. The Minister, who was opening the 2010/11 Sectoral Debate in Gordon House on May 11, said it is...

In structuring and executing the Jamaica Debt Exchange (JDX), the single most important success factor was to get all major stakeholders to agree on what would constitute its ultimate success. This observation was made by Governor of the Bank of Jamaica, Bryan Wynter, during his presentation to the 31st Meeting of the Latin American Network of Central Banks and Finance...

The Bank of Jamaica (BoJ) is predicting that the country will achieve single-digit inflation in 2010/11, following gains made in the final quarter of 2009/10, which ended in March. At the BoJ's quarterly press briefing Wednesday (May 12), in downtown Kingston, the Bank's Governor, Brian Wynter, noted that there were encouraging signs in the financial markets, as investor anxieties about...

Agreement for a US$2.3 million (J$211.3 million) grant for a community-based Landslide Risk Reduction Project in Jamaica, was signed Thursday (May 6) between the Government of Jamaica, the World Bank and the Japanese Social Development Fund (JSDF). The funds are being administered by the World Bank, through the JSDF, which was set up within the Bank to provide indirect assistance...

Minister of Finance and the Public Service, Hon. Audley Shaw, said that the Government is satisfied that the partnership with Caribbean Airlines meets the objectives of the Air Jamaica Divestment Project and protects the interests of the Government and Jamaica as a whole. Mr. Shaw, in a statement in the House of Representatives on Tuesday (May 4) said that the...