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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...

Jamaica and the Inter-American Development Bank (IDB) have signed the largest loan commitment ever been made to Jamaica at any one time. The loans totalling US$329-million exceed the total loan disbursements made to Jamaica by the IDB for more than ten years. The three loan agreements were signed this morning (Jan 19) at Jamaica House by Prime Minister Bruce Golding,...

President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, has emphasised the importance of community involvement in preventing crime and violence. Addressing the opening ceremony for the Third Inter-American Forum on Violence and Prevention and Citizen Security, at the Jamaica Conference Centre in Kingston, today (Jan. 19), Mr. Moreno noted that "citizens cannot remain on the sidelines when crime...

President of the Inter-American Development Bank (IDB), Luis Moreno, has lauded the Devon greenhouse project, as one that can help to meet world food demand. "In the next 30 years, the world is going to need 50 per cent more of the food that we currently produce, and if you look at the areas of the world where this can...

Prime Minister, Bruce Golding, and President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, today (Jan. 19) signed three loan agreements totalling US$329 million during a ceremony at Jamaica House. The Prime Minister told journalists, technocrats, and officials, that the loans will provide financial support for the private, and education sectors, as well as the Programme of Advancement through...

President of the Inter-American Development Bank (IDB), Luis Moreno, arrived in the island on January 18, to participate in the IDB's Third Regional Forum on Violence Prevention and Citizen Security, as well as sign three loan agreements with the Government totalling US$329M, and engage officials of the administration in discussions regarding the Bank's programme in Jamaica. The Third IDB Regional...

Inter-American Development Bank (IDB) President Luis Moreno arrived in the island this afternoon, Sunday January 18 2009 to participate in the IDB's III Regional Forum on Violence Prevention and Citizen Security; sign three loan contracts with the Government valued at US$329 million and hold talks with the Government on the Bank's programme in Jamaica. In welcoming the President, Minister of...

The World Bank, Board of Directors on Thursday (Jan. 15), approved a US$100 million loan for Jamaica to assist the Government in improving fiscal management and debt sustainability. Minister of Finance and the Public Service, Audley Shaw, who has been relentless in his efforts to access multilateral loans at favourable interest rates, said that, "this loan supports Jamaica's efforts to...

Minister of Finance and the Public Service, Audley Shaw, has said that the Domestic Tax Administration Project, which was launched on Monday, January 12, 2008, is a critical element of the reform of tax administration in Jamaica. "The new developments signal the Government's continued commitment to facilitate businesses, modernise revenue administration, enhance the fiscal prudence and promote good corporate governance,"...