The mechanism for the foreign exchange auctions proposed by the central bank will be determined through consultations with market players, supported by...
Part of the reforms to be undertaken by the Government under the standby agreement with the International Monetary Fund (IMF) is to put in place measures to address the high and rising dollarisation of the economy, according to the organisation's...
A reduction in the stock of borrowed net international reserves (NIR), which currently stands at about US$1 billion, and inflation band limits are now the key monetary targets under Jamaica's Standby Agreement (SBA) with the...
The government said it remains committed to the Economic Programme Oversight Committee (EPOC) monitoring the successor International Monetary Fund (IMF) standby...
Central bank chief Brian Wynter says the Jamaican currency is fairly valued at its current rate even as the pace of depreciation accelerates.For the fiscal year to date, April 1 to November 11, the Jamaican dollar lost 5.9 per cent of its value...
Despite again commending Jamaica for the progress it has made under the extended fund facility, the International Monetary Fund (IMF) is still not satisfied that enough has been done to spur growth and reduce poverty and unemployment."Growth is low...
The estimated 2.3 per cent economic growth Jamaica experienced in the quarter to September 2016 has been largely attributed to increased rainfall which is driving agriculture, according to co-chairman of the Economic Programme Oversight Committee (...
The life of the Economic Programme Oversight Committee (EPOC), the group charged with monitoring Jamaica's four-year economic support programme with the International Monetary...
A Supreme Court judge has ordered Gorstew Limited to pay 'indemnity costs', a ruling one lawyer said was unusual, after refusing the company's application for permission to seek judicial review of the acquittal of three former executives in the...
Fiscal adjustment - a reduction in the Government's primary budget deficit - can be difficult to sustain amid weak economic growth, but that remains the situation today in the Caribbean despite some success stories, according to Deputy Managing...
Among the conversations repeated ad infinitum, and under discussion as I write this piece, is the lack of garbage collection in townships and other communities across Jamaica.One of the reasons for decentralisation - the transfer of powers,...
A new study by staff of the International Monetary Fund (IMF) has suggested that regional states, including Jamaica, should raise the retirement age, freeze old-age pension benefits and increase the contribution rate to put the schemes on a stronger...
Come next year, businesses and householders who normally spend up to a day or longer to clear containers and barrels with personal effects from the port in Kingston, will be able to do so within a few hours from Kingston Wharves Limited’s...
Some of the conditionalities under the International Monetary Fund (IMF) Extended Fund Facility (EFF) with Jamaica will be transferred to the standby agreement (SBA), the successor programme which the Government has agreed with the United States-...
Trade unionist Danny Roberts is encouraging public-sector workers and others to find a way to minimise the need for the contentious and adversarial debate that normally accompanies the collective-bargaining process."This afternoon, we are commencing...
With a new agreement pending approval by the board of the International Monetary Fund (IMF), Jamaica will not be subject to the last two reviews under the extended fund facility (EFF) the previous government entered more than three years ago.Last...
Jamaica has lost billions of dollars in potential investments, which have either been diverted elsewhere or have not been set in motion because of inefficient government bureaucracy, the second most problematic factor for starting a business locally...
Co-chairman of the Economic Programme Oversight Committee (EPOC), Richard Byles, is suggesting that about half of the $16 billion the Government expects to raise to...
Deposit-taking institutions will be required to notify the Bank of Jamaica (BOJ) about the measures they will take to become compliant with the Banking...
The stock of tax refund arrears was reduced by $4.4 billion during fiscal year 2015/16 and stood at $17.3 billion at the end of that period, according to the Government's interim Fiscal Policy Paper tabled in Parliament two weeks ago.It continues to...
A Supreme Court judge has given a freight forwarder the green light to exercise his power of sale over a house owned by an informal commercial importer or ICI, a class of traders popularly referred to as higglers, which was used as collateral to...
