Fitch maintains Jamaica rating despite deficit expectation
Fitch rating agency expects the Jamaican Government to spend more than it earns in the upcoming fiscal year but is maintaining a stable rating for the country despite the expected deficit.
Category: Jamaica economy
Government On Track To Meet Performance Targets Despite COVID, Says EPOC
Government On Track To Meet Performance Targets Despite COVID, Says EPOC
Keith Duncan, chairman of the Economic Programme Oversight Committee, EPOC, government is on track to meet the quantitative performance targets for its economic reform programme for end-June 2020, based on the preliminary numbers…
Entire closure of Jamaica’s tourism industry due to COVID-19
Entire closure of Jamaica’s tourism industry due to COVID-19
Tourism Minister Edmund Bartlett is admitting that the entire tourism industry in Jamaica is facing imminent closure given the travel restrictions on many of its source markets as well as local containment and restriction protocols…
NHT Relief – Sweetener For New Borrowers, 100,000 Mortgagors To Benefit From Rate Cut
With the COVID-19 pandemic turning its screws on the Jamaican economy, Prime Minister Andrew Holness yesterday announced a stimulus package to reduce interest rates by one percentage point to new National Housing Trust (NHT) borrowers while offering existing mortgagors a 0.5 per cent rate cut…
Gov’t To Push For Higher Economic Growth Next Fiscal Year
Gov’t To Push For Higher Economic Growth Next Fiscal Year
Finance and the Public Service Minister Dr Nigel Clarke says the Government will continue to use “all levers at our disposal to elevate levels of growth†beyond the projections for the upcoming financial year…