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Authorised Electronic Retail Payment Service Providers

Bank of Jamaica is aware of electronic retail payment services being offered to the public by unauthorized providers. Electronic retail payment services are those relating to the use of an electronic retail payment instrument, such as a prepaid card or...

Minister of Finance and the Public Service, Hon. Audley Shaw (right), in discussion with Minister of State in the Ministry, Hon. Fayval Williams, at a press conference at his National Heroes Circle offices, today (December 21), where he provided details on an initiative for small and medium-sized enterprise (SME) operators to access $2.4 billion in loan funds, using non-traditional collateral.

Easier Access to Loans by SME Operators

Sophie Sirtaine, World Bank Country Director for the Caribbean addresses journalists at the Jamaica Pegasus Hotel in Kingston on May 6, 2014.

World Bank Lauds Government’s Commitment to Economic Reform

Finance and Planning Minister, Dr. the Hon Peter Phillips, addressing journalists at Tuesday’s (April 22) post-Budget media briefing at Jamaica House, where he elaborated on aspects of his opening presentation in the 2014/15 Budget Debate in the House of Representatives on April 17. (FILE)

Minister of Finance Reviews New Revenue Measures

Minister of Finance and Planning, Dr. the Hon. Peter Phillips (2nd left), responds to a question, during Thursday’s (February 13) media briefing at the Ministry’s National Heroes Circle offices in Kingston to provide an update on the visit of the International Monetary Fund’s (IMF) Staff Mission. Listening (from left) are: Financial Secretary in the Ministry, Devon Rowe; IMF Mission Team Head, Jan Kees Martijn; and IMF Representative in Jamaica, Dr. Bert Van Selm (right).

Jamaica on Target to Pass IMF Third Quarter Review

12 years ago Finance & Public Service

Debt to GDP Ratio Will Be Reduced – Finance Minister

By the end of this fiscal year, the country’s debt to gross domestic product (GDP) ratio will be about 139 per cent, down from the 147 per cent of last year. This was stated by Minister of Finance and Planning, Dr. the Hon. Peter Phillips, as he gave an update on the Economic Reform Programme (ERP), at a Stakeholders Conference...

12 years ago Finance & Public Service

Government Seeks Greater Participation in Financial Market

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the government is exploring avenues to encourage greater participation in Jamaica’s financial market. Dr. Phillips, who made the disclosure while addressing a forum hosted for members of the Diplomatic Corps at the Courtleigh Hotel, New Kingston, on Wednesday, February 5, said the move is being undertaken in collaboration with the...

12 years ago Finance & Public Service

JSE Offers New Courses in Financial Planning and Management

The Jamaica Stock Exchange (JSE) has rolled out several new course offerings under its e-learning campus, geared at providing professionals with relevant training in the area of financial planning and management. The certificate courses, which commence this year, will be offered through a web-based application, combined with face-to-face interaction, and will cover a range of topics, including Credit Risk Management;...

Finance and Planning Minister, Dr. the Hon. Peter Phillips (2nd left), shares a light conversation with (from left): Bank of Jamaica (BoJ) Governor, Brian Wynter; International Monetary Fund (IMF) Mission Team Chief to Jamaica, Jan Kees Martijn; and IMF Resident Representative in Jamaica, Dr. Bert van Selm, during Thursday’s (August 22) media briefing, jointly hosted by the Finance Ministry and the Mission, in Kingston. Details of the country’s just concluded first quarter performance review, under the four-year IMF Extended Fund Facility (EFF), were outlined.

12 years ago Year in Review 2013

Finance Ministry Pushes Ahead with Economic Reform Programme

Significant implementation of the government’s Economic Reform Programme (ERP), leading to a new four-year agreement with the International Monetary Fund (IMF), dominated activities undertaken by the Ministry of Finance and Planning during 2013. The ERP’s provisions are consistent with the administration’s strategic priority focus on attaining fiscal prudence and a credible economic programme. It aims to spur economic growth, reduce...

Prime Minister, the Most Hon. Portia Simpson Miller (at podium), delivering the keynote address at Thursday’s (Sept. 12), Economic Reform Programme (ERP) stakeholders conference, hosted by the Ministry of Finance and Planning at the Jamaica Conference Centre, downtown Kingston, under the theme: “Jamaica’s Economic Programme – Going for Growth, Staying the Course, Transforming the Economy”. Also pictured are: Minister with Responsibility for Information, Senator the Hon. Sandrea Falconer (left, seated); and Co-Chairmen, Economic Programme Oversight Committee (EPOC), Richard Byles (2nd right); and Bank of Jamaica (BoJ) Governor, Brian Wynter.

12 years ago Year in Review 2013

Economic Reform Programme Central to Reducing Debt and Spurring Growth

The Government’s Economic Reform Programme (ERP) for Jamaica is central to the administration’s strategic priority focus on attaining fiscal prudence in its pursuit of a credible economic programme for the country. Key elements of this focus include: negotiating a new medium-term agreement with the International Monetary Fund (IMF); containing public expenditure; eliminating waste and corruption; divesting select public assets; and...

Minister of Finance and Planning, Dr. the Hon. Peter Phillips.

12 years ago Finance & Public ServiceParliament

Government Committed to Improving Efficiency of Public Sector

The Government has reiterated its commitment to improving the efficiency, quality and cost effectiveness of the public sector. This is stated in a Ministry Paper on Jamaica’s second quarterly review of the Extended Fund Facility (EFF) with the International Monetary Fund (IMF). The document was tabled in the House of Representatives on December 24 by Minister of Finance and Planning,...

The headquarters of the International Monetary Fund (IMF) in Washington, D.C., United States.

12 years ago Finance & Public Service

IMF Approves US$30.8 Million for Jamaica

The Executive Board of the International Monetary Fund (IMF) has approved a disbursement of some US$30.8 million (SDR 19.97 million) for Jamaica. The allocation follows Wednesday’s (December 18) completion of the second review of Jamaica’s economic performance by the IMF’s Executive Board under a programme supported by an Extended Fund Facility (EFF) arrangement. The amount brings total disbursements under the...