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Minister of Finance and the Public Service, Audley Shaw, has said that although Jamaica is categorised as a heavily indebted, middle income country, it has been able to access nearly US$1 billion in funding, at low interest rates, from multilateral lending agencies since October 2007. Mr. Shaw made the declaration on Wednesday (January 28), while addressing the Fourth Regional Conference...

Minister of Finance and the Public Service, Audley Shaw, said that in an effort to stamp out corruption in the country's revenue collection, several changes have been implemented. The changes include the re-establishment of the Revenue Protection Division (RPD) and the appointment of a new Director to oversee the operations of that department. Mr. Shaw said that the RPD is...

Principal Finance Officer in the Ministry of Finance and the Public Service, Dwight Moore, has been appointed Inspector General for the newly established Public Accountability Inspectorate (PAI), effective January 26. This was announced today (January 29), by Financial Secretary in the Ministry, Sharon Crooks. The Financial Secretary further advised that recruitment of technical and other support staff, subject to due...

Finance Minister, Audley Shaw, will be the special guest on "Jamaica House Live", the monthly call in radio programme hosted by Prime Minister Bruce Golding, when it returns to the airwaves tomorrow night (Wednesday Jan. 28). The programme will run from 8:30 - 10:00 p.m. and Jamaicans at home and abroad will have the opportunity to call in to speak...

In the bid to weed out corruption within the Government service, Minister of Finance and the Public Service, Audley Shaw, has moved to re-establish and strengthen three key agencies under his purview. These are the Financial Investigations Division (FID), Revenue Protection Division (RPD), and Public Accountability Inspectorate (PAI). Addressing a special consultation organised by the Customs Department today (Jan. 27)...

Finance and Public Service Minister, Audley Shaw, has said that the Government, since assuming office in September 2007, has successfully negotiated some US$951 million in loans from the World Bank, the Inter-American Development (IDB), and the Caribbean Development Bank (CDB). Speaking at the signing of a fiscal and sustainability development policy loan agreement with the World Bank at the Ministry...

Victoria Mutual Building Society (VMBS), has joined other Jamaican companies operating corporate offices in Florida, with the opening of its Miami office last month. The office, located in the County Square Shopping Centre in Miami Gardens, is the first overseas branch of the VMBS Group of Companies in the United States of America. With a staff complement of three, VMBS...

The proposed Public Accountability Inspectorate (PAI), is expected to become fully operational no later than April 1, Finance and Public Service Minister, Audley Shaw, has announced. The Minister, who was speaking at a loan signing between the Government and the World Bank at the Ministry on January 23, said that the "finishing touches" for the functioning of the agency are...

Minister of Finance and the Public Service, Audley Shaw, has called on senior managers, commissioners and other key personnel in the tax administration system, to more diligently carry out their responsibilities under the law. He noted that the reform of the tax system, now being undertaken, is designed to address the wanton evasion of taxes and instances of corruption, and...

Finance and Public Service Minister, Audley Shaw, and Director of the World Bank's Latin American and Caribbean Management Unit, Yvonne Tsikata, today (Jan. 23) signed a US$100 million ($8.49 billion) Development Policy Loan at the Ministry's Heroes Circle offices in Kingston, to provide funding support for the Government's fiscal and debt sustainability programme. This programme is aimed at containing and...

Minister of Finance and the Public Service, Audley Shaw, said that the Government's economic policies have the objective of growing the economy out of debt and positioning the country on a path to sustained development. The Minister was speaking to a nine-member delegation from Tanzania, including Minister of Energy and Minerals, William Ngeleja, today (Jan. 21) at the Ministry's National...

Minister without Portfolio in the Ministry of Finance and the Public Service, Senator Don Wehby, has suggested several solutions to the problem of debt, which he says is crippling the economy. Senator Wehby, who was the guest speaker at a forum put on by Generation Two Thousand (G2K), the young professional arm of the Jamaica Labour Party, at the Petroleum...