Kingston, Jamaica: Thursday, August 12, 2021
The concept of Integrated Resort Development (IRD) was introduced by the Government of Jamaica (GOJ) in consideration of further expanding the tourism product.
These luxury resort developments are required to provide a fresh, interesting and lucrative alternative within the sector. They are expected to cater to “high spenders” and include, but are not limited to, hotels, villas, sporting and recreational facilities, shopping centres and casino gaming.
The Minister of Finance has the authority to approve the IRD Order under the Casino Gaming Act (CGA).
For further information contact:
Communication & Public Relations Branch
Ministry of Finance and the Public Service
30 National Heroes Circle, Kingston 4
Tel: (876) 932-4656 / 4660 / 4655
Email: shelly-ann.weeks@mof.gov.jm / daniel.passley@mof.gov.jm
Contact: Elaine Oxamendi Vicet / Daniel Passley
Hon. Fayval Williams, MP, Minister of Finance and the Public Service says the government will be leveraging artificial intelligence (AI) to improve and enhance audit committees in Jamaica. She was delivering remarks during the Government of Jamaica’s 2024 Audit Committees’ Conference at the Summit Kingston on Thursday, November 7, 2024.
The Independent Fiscal Commission Act, which establishes an Independent Fiscal Commission for monitoring and maintaining Jamaica’s adherence to the country’s fiscal responsibility laws, was passed in 2021.
The Government of Jamaica is pleased to announce that it has secured US$480 million in the Government of Jamaica’s first structured securitisation transaction in international capital markets. The transaction involved the securitization of the portion of the Norman Manley International Airport revenue that is due to the GOJ.
This statement is in response to a media story today.
The multi-billion Stocks and Securities Limited (“SSL”) fraud, which dates back to at least 2010, and which only came to light in January 2023, was a punch to the gut for all Jamaicans. The magnitude of the fraud, its duration and the fact that the victims included several elderly Jamaicans, as well a beloved icon, shocked the nation. I shared and still share those emotions.
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