Economic Development

BOJ Reports Reserves of US$1.96 Billion

Release Date: 
Monday, December 19, 2011

Monday, 19 December 2011
By Allan Brooks, JIS Reporter
Jamaica Information Service

KINGSTON — Recently released data from the Bank of Jamaica (BOJ) showed that the level of net international reserves (NIR) at the end of November 2011, stood at approximately US$1.96 billion.

The figure, though some US$70 million less than the US$2.03 billion in reserves recorded at the end of October, 2011, represents nearly 20 weeks of goods and services imports, based on the estimated value of imports for the 2011/12 financial year.

PIOJ Reports 0.5 Per Cent Growth for July to September

Release Date: 
Thursday, November 24, 2011

Thursday, 24 November 2011
By Alphea Saunders
Jamaica Information Service

The Jamaican economy grew by 0.5 per cent for the July to September 2011 quarter, driven by strong performances in agriculture, mining, and utilities.

With the increase in economic activity, real Gross Domestic Product (GDP) is estimated to have increased 1.4 per cent for the first nine months of 2011.

Transforming the Economy - Transformation of the Education System... PM Holness

Release Date: 
Wednesday, November 16, 2011

Prime Minister and Minister of Education, the Hon. Andrew Holness
Wednesday, 16 November 2011
Jamaica Information Service

Prime Minister and Minister of Education, the Hon. Andrew Holness said part of the transformation of the economy has to be done through transforming the education system. He noted that the transformation by his Administration will involve making the education system more efficient and equitable in the coming year.

Jamaica's Economy Grows by 2.1% in Second Quarter

Release Date: 
Friday, October 7, 2011

Friday, 07 October 2011
Jamaica Information Service

Prime Minister Bruce Golding said data released by STATIN yesterday (Oct 6) showed that the Jamaican economy has grown by 2.1 percent in the second quarter of the year which is above the Government’s projection of 1.5 percent.

In a statement today (Oct. 7), the Prime Minister said the growth is evidence that that the process of economic recovery is continuing.

Economy on track but challenges ahead, says PM

Release Date: 
Monday, October 10, 2011

2.1 per cent growth in second quarter
Monday, October 10, 2011
Jamaica Observer

PRIME Minister Bruce Golding on Friday described Jamaica's economic programme for this fiscal year as "broadly on track", but outlined a number of challenges to be addressed if targets are to be met over the next five years.

Hopes soar with sugar handover

Release Date: 
Monday, August 15, 2011

Published: Monday | August 15, 2011
Jamaica Gleaner

Today's handover of the Frome, Monymusk and Bernard Lodge sugar estates to Chinese firm COMPLANT International comes 13 years since the local industry was last in private hands.

But, despite the ills of the previous attempt, stakeholders are quietly anticipating brighter days for the sector.

Gov't to Fully Implement Free Trade Agreement with Costa Rica

Release Date: 
Friday, August 12, 2011

Friday, 12 August 2011
By: Alecia Smith, JIS Reporter
Jamaica Information Service

KINGSTON — The Government has signaled its intention to sign off on the full implementation of the CARICOM/Costa Rica Free Trade Agreement soon.

Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade, Hon. Dr. Kenneth Baugh, said on August 9 that Jamaica has been applying the agreement on a provisional basis and has taken the decision to bring it into force.

Shaw Says No Fundamental Differences on Economy

Release Date: 
Thursday, August 11, 2011

Thursday, 11 August 2011
By: Balford Henry, JIS Reporter & Editor
Jamaica Information Service

KINGSTON — Minister of Finance and the Public Service, the Hon. Audley Shaw, said Wednesday August 10 that there was “nothing fundamentally different” between Dr. Peter Phillips’ observations and issues he outlined in his national broadcast on Sunday.

JAMAICA’S ECONOMIC PROGRAMME – CURRENT ISSUES Address to the Nation Hon. Audley Shaw, Minister of Finance

Release Date: 
Sunday, August 7, 2011

Good evening.

Economic growth will reduce poverty — Golding

Release Date: 
Friday, May 13, 2011

Friday, May 13, 2011
Jamaica Observer

PRIME Minister Bruce Golding has said that getting the economy back on a path of growth is what will rescue Jamaicans from poverty.

Making his contribution to the Budget Debate in Parliament on Tuesday, Golding said that the Government will do everything possible to facilitate and accelerate that growth and that this is an area of focus for his Administration.

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