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Minister of Finance and Planning, Dr. the Hon. Peter Phillips, says a World Bank mission is expected in Jamaica in May, to continue work on the new Country Partnership Strategy (CPS). He was speaking to JIS News in Washington DC, on the outcomes of the April 19-22 regular Spring Meetings of the International Monetary Fund (IMF) and World Bank in...

The International Monetary Fund (IMF) has welcomed the progress made by Jamaica in the implementation of prior actions, for an Extended Fund Facility (EFF) agreement with the Fund. “Since the conclusion of a staff-level agreement with the Jamaican authorities in February on an economic programme that can be supported by the Fund, the authorities have submitted documentation to the IMF...

The process to relocate the offices of the Ministry of Foreign Affairs and Foreign Trade to downtown Kingston is to continue this fiscal year, following an allotment of $132.17 million. This is contained in the 2013/14 Estimates of Expenditure, currently before the House of Representatives. This relocation project seeks to provide customised office space to adequately support the Ministry’s needs...

State Minister in the Ministry of Foreign Affairs and Foreign Trade, Hon. Arnaldo Brown, is encouraging members of the Diaspora to invest in Jamaica, which is wide open for business. The Minister, who was addressing a launch event for the upcoming 5th Biennial Jamaica Diaspora Conference, held at the Jamaica Consulate in New York City, said there is room for...

The Government has provided $113 million to finance industry development, foreign investment and export promotion activities to be undertaken by the Ministry of Industry, Investment and Commerce this year. The allocation, contained in the 2013/14 Estimates of Expenditure now before the House of Representatives, includes provision of $50 million for the Global Logistics Hub project; $43.6 million to finance activities...

Washington DC - State Minister in the Ministry of Foreign Affairs and Foreign Trade, Hon. Arnaldo Brown, is encouraging members of the Diaspora to invest in Jamaica, which is wide open for business. The Minster, who was addressing a launch event for the upcoming 5th Biennial Jamaica Diaspora Conference, held at the Jamaica Consulate in New York City, said there...

During the 2013/14 fiscal year, the Government will continue to cement its relations with international partners, as it seeks to improve foreign policy and investment prospects. Delivering the Throne Speech at Gordon House, on Thursday, April 4, the Governor-General, His Excellency the Most Hon. Sir Patrick Allen, said the government will continue to strengthen the country’s cherished relations with traditional...

Jamaica will host the Caribbean Regional Preparatory Meeting for the Third International Conference on Small Island Developing States (SIDS), beginning Tuesday, July 2, at the Jamaica Pegasus Hotel in Kingston. The Caribbean preparatory meeting is one of three regional meetings which will be held this year as groundwork for the SIDS conference in Samoa next year and will last from...

Minister of Foreign Affairs and Foreign Trade, Senator the Hon. A.J. Nicholson, says he will continue to advocate Jamaica’s position for the rethinking of the treatment of middle income countries, in the international fora. Under proposed reforms, middle income countries face the dilemma of being classified out of access to development financing. Speaking during the State of the Nation Debate...

Development of the proposed global transshipment and logistics hub is one several potential investment opportunities being promoted among American investors by Jamaica’s Ambassador to the United States, His Excellency Professor Stephen Vasciannie. The hub’s development is being spearheaded by the Government of Jamaica to position the country to take advantage of an anticipated increase in maritime activities, consequent on the...

The Government of Jamaica will be engaging nationals overseas as it looks to attract increased investment to the island. State Minister in the Ministry of Foreign Affairs and Foreign Trade, Hon. Arnaldo Brown said that Diaspora investment will be a major part of the upcoming Jamaica-Diaspora Conference in Montego Bay. “We intend to present to the members of the Diaspora,...

Her Majesty Queen Elizabeth II is encouraging members of the Commonwealth to work together to create a better future that is beneficial for all, especially the most vulnerable. “Our shared values of peace, democracy, development, justice and human rights – which are found in our new ‘Commonwealth Charter’ – mean that we place special emphasis on including everyone in this...