Jamaica’s Golding Talks Economy to Brookings Institution in Washington

By: - June 7th, 2011

Director of the Latin American Initiative at the Brookings Institute, Mauricio Cardenas and Jamaican Prime Minister Bruce Golding (JIS Photo)

Jamaican Prime Minister Bruce Golding delivered a lecture on the Jamaican economy to Washington’s Brookings Institution think tank, focusing on ways to tackle the government’s deficit.

“We have sought to consolidate government’s accounts and bring them under one Treasury Management System,” he said in a lecture to more than 200 participants. “This will allow us to have a clearer picture of our government accounts.”

Golding’s wide-ranging lecture spoke of the introduction of the Jamaica Debt Exchange, crime-reduction measures and the development of stringent economic programmes. According to the prime minister, it was time to include debt restriction in the constitution.

“I want to go further and put it in the Constitution and place significant limits, with the provision that in extraordinary circumstances, with the approval of Parliament, that those limits can be exceeded,” he said.

Golding was in Washington as part of a five-day visit that has included visits with U.S. Secretary of State Hillary Clinton and World Bank President Robert Zoellick.

–Jamaica Information Service

Jamaica

Caribbean Must Shift Growth Strategy, according to World Bank Report

By the Caribbean Journal staff The Caribbean region, like the rest of the developing world, must refocus its strategies from crisis-fighting to structural reforms aimed at growth, according to this month’s Global Economic Prospects report from the World Bank. “Developing countries have been resilient despite tensions in high-income countries,” said Hans Timmer, director of Development […]

Jamaica

Jamaica's Golding Meets with U.S. Secretary of State Hillary Clinton

Bruce Golding and Hillary Clinton at the State Department (JIS Photo) Jamaican Prime Minister met with U.S. Secretary of State Hillary Clinton yesterday in Washington, holding bilateral talks on a series of topics. Golding is on a five-day visit to Washington that includes meetings with Clinton, IMF Deputy Managing Director Nayuki Shinohara and World Bank […]

Jamaica

Bank of Jamaica Governor Brian Wynter: "Remarkable Change" Under Way

Brian Waynter (Photo: JIS) Jamaica is going through a period of “remarkable change,” Bank of Jamaica Governor Brian Wynter said yesterday at the Caribbean Canadian Emerging Leaders’ Dialogue Economic Symposium in St. Andrew. Wynter said the bank was working on developing the institutional structure of financial markets, strengthening the credit system and improving fiscal discipline […]

Jamaican Prime Minister Begins High-Level Talks in Washington, D.C.

 Prime Minister Bruce Golding Arrives at Washington’s Ronald Reagan Airport (JIS Photo) Jamaican Prime Minister Bruce Golding arrived in Washington, D.C. yesterday for high-level talks. The talks are part of a five-day visit for Golding. He was met by Jamaica’s Ambassador to the United States, Audrey Marks. He is set to meet with several officials, […]

Jamaican Governor General Set to Receive Commission of Enquiry Report

 Jamaican Governor General Sir Patrick Allen is scheduled to receive the report from the Manatt Commission of Enquiry today, and pressure is mounting from the opposition People’s National Party concerning the content of the report. The report was previously set to be delivered May 16, following two extensions, but the report was still not ready. […]

Could Gardening Help with Food Prices?

Prime Minister Bruce Golding Arrives at Washington’s Ronald Reagan Airport (JIS Photo) Jamaican Prime Minister Bruce Golding arrived in Washington, D.C. yesterday for high-level talks. The talks are part of a five-day visit for Golding. He was met by Jamaica’s Ambassador to the United States, Audrey Marks. He is set to meet with several officials, […]

Bahamas Oil Refining Company's $40 Million Expansion Underway

 The Bahamas Oil Refining Company has contracted with CB&I, a U.S. firm, for the construction of 14 new oil storage tanks, as part of a $40 million expansion. “CB&I’s scope of work includes the engineering, fabrication and construction of 14 oil storage tanks, with a total capacity of approximately 3.5 million barrels, in Freeport, Grand […]