Government and IMF Agree on New Three-Year Programme
The Government has reached a Staff-Level Agreement with the International Monetary Fund (IMF) for a US$1.7 billion three-year successor standby programme. This will replace the …
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Passing IMF Tests Creates Economic Stability – Dr. Phillips
Finance and Planning Minister, Hon. Dr. Peter Phillips, says that passing the International Monetary Fund (IMF) tests creates stability in the Jamaican economy. Passing the …
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Growth Momentum to Continue
Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the economic growth momentum is expected to continue through to the end of the September …
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Jamaica set for further draw-down from IMF
Jamaica seems set to receive approval for draw down of SDR 45.95 million (US$71 million) from the International Monetary Fund (IMF). This follows a successful …
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Jamaica on Target to Pass IMF Third Quarter Review
Jamaica is on target to pass the International Monetary Fund’s (IMF) third quarterly economic review, under the four-year Extended Fund Facility (EFF). The approval, which …
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Senate Passes 40 Bills in 2013
The Senate passed a total of 40 Bills during 2013, nearly double the average number approved each year over the previous four years. In a …
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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 …
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Sagicor Believes Four-Year IMF Plan Can Bring Economic Stability
Sagicor Life Jamaica Limited’s President and Chief Executive Officer, Richard Byles, says that the four-year Memorandum of Economic and Fiscal Policies (MEFP), negotiated with the …
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Jamaica Remains on Course for Drawdown from IMF
Jamaica remains on course for a second drawdown of funds from the International Monetary Fund (IMF), and supporting financial inflows from the World Bank and …
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House Passes Charities Act
A Bill to introduce a single piece of legislation to regulate all charitable organisations, whether intending to, or already operating in the country, was passed …
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Junior Market Given Transition Period
Government has introduced a transition period for the phasing out of the special scheme of income tax incentives now enjoyed by companies listed on the …
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IMF Team to Visit in November for Review
A team from the International Monetary Fund (IMF) is scheduled to visit Jamaica in mid-November to conduct a review of the country’s performance under the …
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Finance Minister Tables Bills for New Incentive Regime
The Fiscal Incentives (Miscellaneous Provisions) Act and the Income Tax Relief (Large Scale Projects and Pioneer Industries) Act 2013 were tabled in the House of …
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First Tranche of IMF Funds Due Today
The first tranche of US$207 million from the International Monetary Fund (IMF) is expected to be deposited into the Jamaican account May 3. Confirmation came …
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Jamaica Information Service