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Minister of Finance and the Public Service, Hon. Audley Shaw, today (July 3), said that the Government of Jamaica has committed itself to improvements that will not only ensure better governance, but will enhance Jamaica's ability to access cheaper funds from the International Financial Institutions (IFCs). Speaking at the 2nd Annual Meeting of Ministers of Finance of Latin America and...

The Minister of Finance and the Public Service, Hon. Audley Shaw, today (July 2) called for an urgent increase in capital for the Inter-American Development Bank (IDB), which he said, "is an issue that cannot be allowed to drag on any longer by indecision and procrastination." Speaking at a special meeting of the Board of Governors of the IDB in...

Finance and the Public Service Minister, Audley Shaw, leaves the island today, Wednesday (July 1) for the 97th Meeting of the Committee of the Board of Governors of the Inter American Development Bank (IDB) to be held in Santiago, Chile on July 2 and the Second Meeting of Ministers of Finance of the America's and the Caribbean (Hemisphere Conference of...

The Kingston and St. Andrew Chapter of the Jamaica Government Pensioners' Association, was launched on June 30, bringing the total number of branches islandwide to five. There are four other chapters of the association in St. Catherine, Manchester, St. James and Clarendon. President of the Kingston and St. Andrew Chapter, Leabert Grant, who spoke to JIS News following the launch...

Finance and the Public Service Minister, Hon. Audley Shaw, leaves the island today, Wednesday (July 1) for the 97th Meeting of the Committee of the Board of Governors of the Inter American Development Bank (IDB), to be held in Santiago, Chile on July 2 and the Second Meeting of Ministers of Finance of the America's and the Caribbean (Hemisphere Conference...

Finance and the Public Service Minister, Hon. Audley Shaw says agriculture, and agro-industry in particular, must be a critical part of the replacement industry for bauxite. "It's not to say that bauxite and alumina is completely dead. Clearly, when the world market is buoyant again, we will be able to see our factories reopen, but the truth is the economic...

Minister of Finance, Hon. Audley Shaw, has assured Parliament that Jamaica will not earn the reputation of a tax haven, when the proposed International Financial Centre (IFC) is established in downtown Kingston. Addressing the House of Representatives on June 30, Mr. Shaw argued that a tax haven is a jurisdiction that does not have competitive tax base, and refuses to...

Small and medium-sized business operators are set to benefit from a partnership between the Jamaica Trade and Invest (JTI) and the Jamaica Stock Exchange (JSE), which will make it easier for them to list on the JSE. On July 1, the JSE is expected to sign a memorandum of understanding with the Corporate Finance Broker Unit of the JTI, which...

Prime Minister, Bruce Golding, has made it clear that the Government would only enter into an agreement with the International Monetary Fund (IMF), if the terms of the agreement were beneficial to the country. "We are not going to go back into any IMF agreement unless we are satisfied that that agreement is good for Jamaica, that it has the...

Prime Minister Bruce Golding has warned that no International Monetary Fund (IMF) agreement, World Bank or Inter-American Development Bank (IDB) arrangement, can solve the long-term problems facing Jamaica. Mr. Golding said that while the country may need an IMF agreement to assist it through this immediate economic storm, it will not solve the problems of Jamaica because the problems are...

Minister without portfolio in the Ministry of Finance and the Public Service, Senator Don Wehby, has urged Jamaicans to return to a society of good values and positive attitudes. "We need to create what I would describe as a culture of excellence. But sometimes when I listen to the lyrics of the popular music, I hear recurring themes of violence,...

Minister of Finance and the Public Service, Hon. Audley Shaw, today announced that the implementation date of July 1 for the consolidation of statutory deductions, will be changed. Minister Shaw said that several important features of the initiative, including amendments to existing legislation and further consultation with stakeholders, required more time in order to facilitate a seamless and orderly implementation...