Jamaica

  • Photo of Jamaica records growth of 8.1% in FY 2021/22: CARICOM BUSINESS

    Jamaica records growth of 8.1% in FY 2021/22: CARICOM BUSINESS

    Jamaica has recorded growth of 8.1% for Fiscal Year 2021/22 well within the range of 7.0% to 9.0% previously projected. According to the Planning Institute of Jamaica, the growth was supported by improved performances in all industries, except Mining & Quarrying which contracted by an estimated 39.8%, due mainly to the closure of the JAMALCO alumina plant. The heavier weighted…

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  • Photo of STATEMENT FROM CHAIRMAN OF THE CARIBBEAN COMMUNITY (CARICOM) HON JOHN BRICEÑO, PRIME MINISTER OF BELIZE ON CARIBBEAN COMMUNITY’S CANDIDATES FOR COMMONWEALTH SECRETARY-GENERAL

    STATEMENT FROM CHAIRMAN OF THE CARIBBEAN COMMUNITY (CARICOM) HON JOHN BRICEÑO, PRIME MINISTER OF BELIZE ON CARIBBEAN COMMUNITY’S CANDIDATES FOR COMMONWEALTH SECRETARY-GENERAL

    An election for the post of Secretary-General of the Commonwealth will take place during the Commonwealth Heads of Government Meeting which takes place 20-25 June 2022, in Kigali, Rwanda. The Conference of Heads of Government of the Caribbean Community maintains that it is still the turn of the Caribbean to provide a candidate for the position. In that regard, two…

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  • Photo of Jamaican economy confirmed to grow by 5.8% in 3rd quarter: CARICOM BUSINESS

    Jamaican economy confirmed to grow by 5.8% in 3rd quarter: CARICOM BUSINESS

    Total value added for the Jamaican economy increased by 5.8% during the third quarter of 2021 relative to the third quarter of 2020. According to the Statistical Institute of Jamaica, this was attributable to growth in both the Services and Goods Producing Industries of 7.1 and 2.4% respectively. The growth in the Services Industries was due to improved performance in…

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  • Photo of Jamaica records growth of 6.3% for 3rd calendar quarter: CARICOM BUSINESS

    Jamaica records growth of 6.3% for 3rd calendar quarter: CARICOM BUSINESS

    The Jamaican economy grew by 6.3% for the July-September 2021 quarter relative to the similar quarter in 2020, reflecting continued recovery in most sectors, except mining, growth estimates from the Planning Institute of Jamaica, PIOJ, reveal. The mining sector declined 31% given the closure of a principal alumina plant and is expected to contract by 20 to 25% in 2021.…

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  • Photo of Regional educators endorse new COVID-era Learning Recovery and Enhancement Programme

    Regional educators endorse new COVID-era Learning Recovery and Enhancement Programme

    The COVID-19 pandemic has wreaked havoc on the education system. Children were away from face-to-face learning for more than one school year, and had to navigate the adjustments to online learning, where it existed. While that was a much need response to the crisis, the disruption to the education system occasioned by the COVID-19 pandemic, created learning gaps that absolutely…

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  • Photo of Jamaica’s exports record growth of 24.6%: CARICOM BUSINESS

    Jamaica’s exports record growth of 24.6%: CARICOM BUSINESS

    Jamaica’s total spending on Imports for January – May 2021 amounted to US$2,249.3 million, an increase of 12.0% relative to the same period in 2020. This increase was mainly attributable to higher imports of Fuels and Lubricants (42.7%) and Raw Materials / Intermediate Goods (13.8%). Total exports for the review period were valued at US$655.1 million, 24.6% above the US$525.7…

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  • Photo of CARICOM congratulates Jamaica on 59 years of Independence

    CARICOM congratulates Jamaica on 59 years of Independence

    The Caribbean Community (CARICOM) has congratulated the Government and people of Jamaica on the country’s 59th Anniversary of Independence, which it marks on 6 August 2021 under the theme “Jamaica 59: Come Mek We Celebrate Online”. CARICOM Secretary-General Ambassador Irwin LaRocque, in a congratulatory message to Jamaica’s Prime Minister Mr Andrew Holness, said the theme reflects the determination and adaptability…

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  • Photo of Jamaica’s securities market grows by 100%: CARICOM BUSINESS

    Jamaica’s securities market grows by 100%: CARICOM BUSINESS

    Finance Minister Dr Nigel Clarke, says Jamaica’s private securities market grew by approximately 100% between 2017 and 2020, with the value of bond issuance transactions doubling from some $200 million to $400 million. This metric was noted within the context that the banking sector recorded loan growth ranging between 16 and 35% over the period. He was speaking during the…

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  • Photo of Launching Paris – A CARICOM Moment of Ambition: Snapshots of Member States Nationally Determined Contributions

    Launching Paris – A CARICOM Moment of Ambition: Snapshots of Member States Nationally Determined Contributions

    Several Caribbean Community Member States showcased their ambitions to further address climate change at a CARICOM Moment of Ambition event held on the eve of the fifth anniversary of the adoption of the Paris Agreement, on Friday 11 December 2020. Member States representatives presented highlights of their enhanced National Determined Contributions (NDCs) at the event hosted by the CARICOM Secretariat…

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  • Photo of Jamaica: Preliminary Estimate of Damage Caused by Heavy Rains Set at $2 Billion

    Jamaica: Preliminary Estimate of Damage Caused by Heavy Rains Set at $2 Billion

    Prime Minister, the Most Hon. Andrew Holness, has informed that the preliminary estimate for the damage caused by the heavy rains that lashed the island recently is close to $2 billion. “The estimate for flood damage included in the report that has been presented by the National Works Agency (NWA) is preliminary, as the agency is unable to access all…

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