Category: Top stories: Local

PRIME Minister Bruce Golding has disclosed that the Bank of Jamaica (BoJ) is currently reviewing the practices of commercial banks as they relate to interest rates.

The Jamaican economy has been thrown into a tail-spin by several days of bad weather that affected the island in late September, with the country’s central bank this week unveiling a litany of negative economic prognostications, which have replaced its previous, more optimistic fore-cast for fiscal indicators such as GDP growth and shrinking inflation.

Jamaica’s central bank says it is ready to receive applications for the establishment of credit bureaux, now that the requisite laws and regulations have been passed.

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.

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.

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.

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.

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.

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.

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.