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Under a World Bank development program, The Jamaica Energy Security and Efficiency Enhancement Project, Jamaica has begun the transition to renewable energy. Since the program began, Jamaica has increased it generation capacity from 9% to 12% with a final goal of 20% by 2030, inline with Jamaica Vision 2030, lowering its dependence on expensive ...
To reverse this trajectory, the Government of Jamaica embarked on a comprehensive and ambitious program of reforms for which it has garnered national and international support: a four-year Extended Fund Facility (EFF) by the International Monetary Fund (IMF) providing a support package of US$932 million; World Bank Group and the Inter-American ...
The International Monetary Fund on Monday named Jamaican Finance Minister Nigel Clarke to a top post at the agency, after the official spearheaded fiscal reforms in the Caribbean nation. Clarke ...
Access to finance is the ability of individuals or enterprises to obtain financial services, including credit, deposit, payment, insurance, and other risk management services. [1] Those who involuntarily have no or only limited access to financial services are referred to as the unbanked or underbanked, respectively.
Jamaica's initial quota was in the amount of US$20,000, which was allocated to the IMF in February 1963. Subsequently, Jamaica has increased its quota shares in 1966 (twice),and again in 1969, 1970, 1978, 1980, 1984, 1992, 1999, and in 2016. As of today, Jamaica has an outstanding (unpaid) loan in the amount of 528.78 million SDR's. [28]
Life and Debt is a 2001 United States documentary film directed by Stephanie Black about the economic and social situation in Jamaica after globalization, specifically the impact of International Monetary Fund (IMF) and the World Bank's policies. It starts with the essay "A Small Place" by Jamaica Kincaid. The IMF loans were conditional on ...
After achieving independence from the United Kingdom in August 1962, Jamaica immediately established its foreign ministry, then known as the Ministry of External Affairs. In 1976, the government changed the ministry's name to the Ministry of Foreign Affairs and eventually added "and Foreign Trade" sometime later to reflect the full scope of its mission.
The ministries of Jamaica are created at the discretion of the prime minister of Jamaica to carry out the functions of government. As of 2016, the prime minister is Andrew Holness . The agencies of Jamaica are created by both parliamentary law and assigned to ministers to oversee.