Dr Peter Phillips

Finance and Planning Minister, Dr. the Hon. Peter Phillips (left), and Ambassador of the Bolivarian Republic of Venezuela to Jamaica, Her Excellency Maria Jacqueline Mendoza Ortega, peruse the programme for Monday’s (June 29) commemorative reception to mark the 10th anniversary of the signing of the signing of the PetroCaribe Energy Cooperation Agreement, at the Petroleum Corporation of Jamaica’s (PCJ) Auditorium, Trafalgar, New Kingston.

Jamaica Has Benefited From US$3 Billion Under Petrocaribe

Jamaica has benefitted from close to US$3 billion in concessionary financing and balance of payments relief under the PetroCaribe Energy Cooperation Agreement since its establishment in 2005.

July 3, 2015
Published in Business & Economy

Finance and Planning Minister, Dr. Peter Phillips (left), listens keenly as Chief of the International Monetary Fund’s (IMF) Staff Mission Team to Jamaica, Dr. Uma Ramakrishnan, addresses journalists at Tuesday’s (May 12) media briefing where details of the country’s eighth IMF quarterly review, for January to March 2015, were outlined.

Jamaica on Track to Get $40 Million from IMF

KINGSTON, Jamaica May 13, 2015 - Jamaica is on course for a ninth drawdown from the International Monetary Fund (IMF), totalling US$40 million, based on the country’s performance during the January to March quarter, despite recording a shortfall in the 7.5 per cent primary surplus target for fiscal year 2014/15.

May 12, 2015
Published in Business & Economy

Minister of Finance and Planning, Hon. Dr. Peter Phillips. (FILE)

Finance Minister Leads Jamaican Delegation to Canada

KINGSTON, May 6, 2015 - Finance Minister, Dr. Peter Phillips is leading a Jamaican delegation to Canada to further deepen the trade, financial and investment relationship between the two countries.

May 6, 2015
Published in Business & Economy

Jamaica Best Caribbean Country to Do Business – Forbes Report

With Jamaica ranked 64 out of 146 nations in the 2014 Forbes Best Countries for Business Report, the country the best in the Caribbean region to do business and third in Latin America and the Caribbean.

March 20, 2015
Published in Business & Economy

Finance Minister Dr. Peter Phillips (second right), addresses press briefing, on Friday, March 13. Listening are Minister with responsibility for the Public Sector, Horace Dalley (right), and Financial Secretary in the Ministry of Finance and Planning, Devon Rowe.

Finance Minister Defends Petroleum Hedge purchase

KINGSTON, Jamaica, March 14, 2015 - Finance and Planning Minister Dr. Peter Phillips, has vigourously defended the Government’s decision to purchase a hedge in the market against the risk of a sharp increase in the price of oil.

March 14, 2015
Published in Business & Economy

Jamaica in talks to pay off PetroCaribe debt to Venezuela

MONTEGO BAY, March 12, 2015 - Jamaica is currently in negotiations with financial institutions to pay off debt it owes Venezuela for oil it received through the Petrocaribe energy Agreement.

March 12, 2015
Published in Business & Economy

Finance and Planning Minister, Dr. Peter Phillips (centre), emphasises a point during Thursday’s (March 5) signing ceremony for the $8.6 billion (US$75 million) World Bank-funded First Competitiveness and Fiscal Management Policy Loan Project, on Thursday (March 5), at the Ministry in Kingston. Listening keenly are: Financial Secretary, Devon Rowe (left); and Acting World Bank Representative in Jamaica, Kathy Lalazarian.

Government Secures $8.6 Billion Loan from World Bank

KINGSTON, March 9, 2015 - Jamaica’s ongoing programme of economic growth and development is set to be enhanced with approximately $8.6 billion (US$75 million) in loan support from the World Bank.

March 9, 2015
Published in Business & Economy

Finance and Planning Minister Dr. Peter Phillips (left), signs Exchange Notes with Japan’s Ambassador to Jamaica, HE, Yasuo Takase for ¥100 million ($96 million) in grant aid from the Government of Japan, on February 26, at the Finance Ministry in Kingston.

Japan Provides $96 Million Grant for Disaster Recovery Equipment

Jamaica will now be better able to respond to and recover from natural and man-made disasters through a provision of $96 million (¥100 million) in grant funding from the Government of Japan, for the purchase of medical supplies and heavy equipment.

February 28, 2015
Published in local news

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