A new approach to growing Jamaica’s economy


Jamaica Observer: “A new approach to growing Jamaica’s economy”

Earlier this week the Planning Institute of Jamaica (PIOJ) launched its Growth Inducement Strategy for Jamaica in the Short and Medium Term.


Jamaica Observer: “VIDEO: A New economic plan for Jamaica”

Professor Donald Harris of Stanford University is one of the architects behind the Planning Institute of Jamaica’s (PIOJ) Growth Inducement Strategy for Jamaica in the Short and Medium Term Plan which was launched earlier this week.

Jamaica’s Debt to GDP Ratio Estimated at 130 per cent as at Dec-2010


Jamaica Observer: “Jamaica’s Debt to GDP Ratio Estimated at 130 per cent as at Dec-2010”

Based on the latest data available (December-2010) the total stock of debt stands at J$1.52 trillion or approximately 130 per cent of GDP (assuming nominal GDP by fiscal year end will grow by 8 per cent relative to FY2009/10).


Jamaica Observer: “Premier Credit sets sights on credit bureau licence in Jamaica”

Credit bureau operator Premier Credit headed by Lennox McLeod has now placed an application with the Bank Of Jamaica (BOJ) to acquire a licence to establish a credit bureau in Jamaica.

More protection for savers in deposit insurance law


Jamaica Gleaner: “More protection for savers in deposit insurance law”

Jamaican lawmakers have approved changes to the Deposit Insurance Act that expand the scope for protection of depositors connected to trust accounts, and in circumstances where institutions merge.


Jamaica Gleaner: “Central bank chief promises to wrestle inflation lower”

Brian Wynter, governor of the Bank of Jamaica (BOJ), remains committed to holding a tight grip on monetary policy and bringing down interests rate even further, in the lead-up to the crafting of the next budget, he said Wednesday.

IMF approves US$49 Million after third review of Jamaica


Jamaica Observer: “IMF approves US$49 Million after third review of Jamaica”

New York, USA. The International Monetary Fund (IMF) has approved the immediate disbursement of US$49.3 Million to Jamaica under its Stand-By (SBA) arrangement with that country.


Jamaica Gleaner: “Financial sector rescue fund to be wound down – IMF”

The International Monetary Fund (IMF) last Friday completed the third review of Jamaica’s economic performance under the standby arrangement (SBA) and approved the immediate disbursement of US$49.3 million.


Jamaica Observer: “Brace for higher food prices”

Jamaican consumers are being told to brace for higher food prices as the soaring cost of grains on the international market is expected to impact the cost of feeds used in the production of diary, poultry, meats and eggs.