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Ministry Of Finance congratulates Dr. Phillips on Gleaner’s Man of the Year Award

Ministry of Finance and Planning | 2016-01-26 00:00:00

The Financial Secretary and the team at the Ministry of Finance and Planning take this opportunity to congratulate Dr the Honourable Peter Phillips for receiving the 2015 Gleaner Man of the Year Award, in addition to the Award for Public Service. This is a most deserving recognition of the hard work of Dr. Phillips as the Minister of Finance and Planning.

Since assuming the leadership of the Ministry, Dr Phillips has spearheaded Jamaica’s economic recovery which, according to industry experts, has returned Jamaica to its ‘powerhouse’ status as the economic leader of the Caribbean. He has led Jamaica to ten successful IMF reviews and the country remains on course to complete the 11th review when the Staff Review comes up in February.

In spite of the many challenges, Dr Phillips has led the effort of the Ministry on several fiscal reforms beginning with the prior actions required to receive support for an Extended Fund Facility in 2013 and ending calendar year 2015 with inflation at 3.7 per cent, a 48-year low, and business and consumer confidence at their highest levels.

The fruits of his stewardship have been demonstrated in the significant strides Jamaica’s rankings have taken since embarking on the Economic Reform Programme. Jamaica’s credit ratings have improved and the country recently moved up five places, to be ranked 59th of 144 nations in the 2015 Forbes Best Countries for Business Report, making it the top country in the Caribbean region to do business.

Jamaica’s macro-economic environment continues to show positive results. The Ministry of Finance and Planning reiterates its commitment to the Economic Reform Programme which will redound to the benefit of the Jamaican people.

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Posted By :Cheryl Smith

Company Name : Ministry of Finance and Planning

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Company Address : 30 National Heroes Circle Kingston 4

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