Finance

GOVERNMENT OFFERS A GRANT OF 10 THOUSAND DOLLARS MAXIMUM FOR TOURISM SECTOR BUSINESSES

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Government Providing One-Time Grant for Rent, Utilities & Related-Overhead Costs  As part of the Government of Montserrat’s COVID-19 stimulus package, eligible businesses in the tourism sector who qualify can apply and receive a cash grant of no more than ten thousand dollars (EC$10,000.00).  This package of support is being implemented by the Ministry of Finance […]

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APPLICATION PROCESS NOW OPEN FOR SALARY SUPPORT FOR EMPLOYEES ACROSS ALL BUSINESS SECTORS

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Government Providing COVID-19 Financial Support for Businesses  The Government of Montserrat through the Ministry of Finance and Economic Management (MOFEM), is now accepting applications for financial assistance from businesses across all sectors, as part of the fiscal stimulus package in response to COVID-19.  This package, which offers direct financial support to employees, will be for

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MONTSERRAT TO RECEIVE 2.5 MILLION POUNDS FROM THE UK FOR COVID19 RESPONSE

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Additional support anticipated following this initial immediate commitment of 2.5 million pounds  The Government of Montserrat has received written confirmation from the Department for International Development (DFID) that £2.5m will be added to Montserrat’s 2020/21 Financial Aid allocation, to fund the island’s immediate response to COVID-19 following a detailed request and submission by the Ministry

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APPLICATION PROCESS NOW OPEN FOR TOURISM SECTOR COVID19 FINANCIAL SUPPORT PACKAGE

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The Government of Montserrat through the Ministry of Finance and Economic Management (MOFEM), is now accepting applications for financial assistance from individuals and businesses in the tourism sector, as part of the fiscal stimulus package announced on Wednesday April 1, in response to COVID-19.  This package, which offers direct financial support to employees in the

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GOVERNMENT OFFERS FISCAL STIMULUS PACKAGE IN RESPONSE TO COVID-19

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Release Date: April 1, 2020 The Government of Montserrat today announced a broad and bold package of financial support and other incentives for those impacted by the coronavirus (COVID-19) outbreak.  This initial phase of fiscal stimulus has been developed to provide the necessary financial assistance to employees and businesses affected by the mandated restrictions previously

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Requested public responses on Securities Bill Draft

Finance, News

The Eastern Caribbean Central Bank (ECCB) is soliciting feedback from the public on the draft Securities Bill. Click on any of the following documents: Updated Securities_Bill_2018_Explanatory_Memorandum Cover Note for 3rd Public Consultation on the Securities Bill 2018 Updated- Final_Draft_Securities_Bill_2018 ECSRC template for comments on Consultation Paper (05-2018) Comments and responses to comments following public consultation

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MONTSERRAT WELCOMES EDF11 SECOND BUDGET SUPPORT PAYMENT OF EC$11.98 MILLION

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Funding to support solar farm, LED Street Lights, Tourism and Montserrat Port Development Release Date: February 27, 2020 The Government of Montserrat has welcomed the recently received second disbursement from The European Union (EU) under the 11th European Development Fund (EDF11) to support the island’s sustainable economic development.  The disbursement of EC$11.98 million (€4.00M) comprised

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EU DISBURSES SECOND BUDGET SUPPORT PAYMENT OF EC$11.98 MILLION TO MONTSERRAT

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Release Date: February 21, 2020 The European Union has continued its support to the Government of Montserrat (GoM) through the release of the Second Disbursement Payment of EC$11.98 million (€4.00M) under the 11th European Development Fund (EDF) Montserrat Multi Sector Sustainable Economic Development Budget Support Programme. This disbursement comprised of the Second Fixed Trance EC$5.99

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FIRST SUPPLIER ENGAGEMENT FORUM TO BE HOSTED BY GOVERNMENT IN DECEMBER

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The Procurement Department within the Ministry of Finance and Economic Management will host the first Government of Montserrat’s ‘Supplier Engagement Forum’ in December.  The forum will be conducted on Thursday, December 5, 2019 at the Montserrat Cultural Centre from 1:00p.m. to 3:00p.m. The aim of the forum is to provide information on current and future

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ADDITIONAL STEPS TAKEN TO ASSIST LOCAL CONTRACTORS TO BID ON GOVERNMENT PROJECTS

Leave a Comment / Customs & Inland Revenue, Finance, News

The Ministry of Finance and the Montserrat Customs and Revenue Service (MCRS) is providing additional support to self-employed persons and small contractors, who are having difficulties meeting the tax compliance requirement for tenders on Government of Montserrat’s capital projects.  The additional support is part of ongoing efforts to enable more local contractors to be able

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