Jamaica
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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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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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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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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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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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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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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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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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CARICOM SG congratulates Jamaica’s Prime Minister on Election victory
Secretary-General of the Caribbean Community (CARICOM) Ambassador Irwin LaRocque has congratulated Jamaica’s Prime Minister Hon. Andrew Holness and the Jamaica Labour Party on their victory in the General Elections of 3 September 2020, and has given the assurance of CARICOM’s full support. “The people of Jamaica must be commended for the successful conduct of the Elections, despite the significant challenges…
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Prime Minister Holness gets General Elections landslide
Jamaicans voted to return the Jamaica Labour Party (JLP) of Prime Minister Mr Andrew Holness to office with a landslide in General Elections on Thursday. Preliminary results show the JLP won 49 of the 63 seats at stake with the other 14 going to the People’s National Party (PNP) led by the outgoing Leader of the Opposition Dr Peter Phillips.…
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