Category: Top stories: Local

The recession: The Problem

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Jamaica Gleaner: “The recession: The Problem”

In an address which I gave at the Bank of Jamaica auditorium on February 9, 1984, I reported on the Jamaican outcome over the first three years, 1981-83, compared with that of other countries.


Jamaica Observer: “JDX successful beyond expectations — World Bank”

THE implementation of the Jamaica Debt Exchange (JDX) as a means of reducing interest payments on the country’s huge debt burden has proven successful beyond expectations said the World Bank Group’s Vice-President for Latin America and the Caribbean, Pamela Cox.

Government’s lack of fiscal discipline drove up interest rates — Bowen

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“Jamaica Observer: Government’s lack of fiscal discipline drove up interest rates — Bowen”

Scotiabank’s president and CEO Bruce Bowen provided participants in Mayberry’s Monthly Investor Forum on Wednesday with a cursory glance at how interest rates are set in Jamaica.


Jamaica Observer: “The objective of economic development”

If you don’t know where you are going then any road will take you there. This is obvious, as without a destination in mind then there is clearly no incorrect strategy, as wherever you end up will be appropriate for the strategy employed.


Jamaica Observer: “Audley Shaw: Man on a mission Part II”

In the first part of this article, the Minister of Finance Audley Shaw gave an account of his recent trip to Washington to meet with multilateral officials where he gave a comprehensive update of Jamaica’s economic progress to date.

IMF approves additional funding for Jamaica

Posted on by Your Financial FactSheet


Go-Jamaica: “IMF approves additional funding for Jamaica”

The International Monetary Fund (IMF) has approved almost $7 billion in additional funding to the Jamaican budget for this fiscal year. The finance minister Audley Shaw told the weekly post cabinet press briefing today that the additional money is to deal with the repair of infrastructure damaged by flood rains associated with tropical storm Nicole.


Go-Jamaica: “IMF says Caribbean turning corner amid vast challenges”

BOGOTÁ, Colombia, CMC – The International Monetary Fund (IMF) says that the Caribbean is finally turning the corner amid “vast challenges”. In its new Regional Economic Outlook, released here, the Washington-based financial institution said the Caribbean is gradually recovering from last year’s severe recession.

Jamaican banks held to higher standards than Basel proposal

Posted on by Your Financial FactSheet


Jamaica Gleaner: “Jamaican banks held to higher standards than Basel proposal”

Newly recommended rules for capital adequacy and risk management, to take effect globally over the next five to 10 years, are unlikely to cause any displacements in Jamaica’s commercial banking system, according to a senior central banker.


Jamaica Observer: “Jamaica after the global recession”

MOST persons agree that the worst of the global recession seems to be over for now. There was a heightened risk of a double dip occurring, which is still possible, but this has been reduced with the return of growth to emerging economies.


Jamaica Observer: ‘Ha, ha, ha… who’s laughing now!”

Minister of Finance Audley Shaw last week attended the IMF/World Bank Annual Meetings where he provided reviews on the performance of the Jamaican economy and gave accounts of the damage done to the island by Tropical Storm Nicole.


Jamaica Observer: “US trade deficit ballons as gap with China hits new record”

THE US trade deficit ballooned in August as the gap with China hit a fresh record, official data showed yesterday, suggesting further weakness in the economic recovery.