The Executive Board of the International Monetary Fund (IMF) approved a three-year US$1.64 billion Stand-By Arrangement (SBA) for Jamaica, as a signal of its continued support of the Government of Jamaica’s (GOJ) economic programme and the strengthening of the country’s macroeconomic framework. The Stand-By Arrangement will replace the existing Extended Fund Facility (EFF) which was scheduled to end in March...

Central Bank Governor, Brian Wynter, is maintaining that the Jamaican dollar is fairly valued at the current exchange rate of just over $129 against the US dollar. Speaking at the Bank of Jamaica (BOJ) quarterly media briefing at the bank in downtown Kingston, on November 14, the Governor said that economic assessments support this, and that the Bank of Jamaica...

Bank of Jamaica (BOJ) Governor, Brian Wynter, has welcomed approval of the country’s new three-year US$1.64-billion Standby Agreement by the International Monetary Fund’s (IMF) Executive Board. The agreement, which was ratified at the Board’s meeting on Friday, November 11, immediately replaces the Extended Fund Facility (EFF) that has been in place since 2013 and will enable Jamaica to immediately access...

Minister of Finance and the Public Service, Hon. Audley Shaw, is reporting that the Noranda Jamaica Bauxite operation in St. Ann has officially changed ownership in a “seamless” transfer. Noranda's parent company, Noranda Aluminum Holding Corporation, received court approval to sell the operations to DADA Holdings LLC, under its affiliate, New Day Aluminum LLC for a purchase price of $24.4...

Six Principals who have demonstrated exemplary leadership qualities have been chosen as the second batch to be officially inducted into the National College for Educational Leadership (NCEL) Executive Principals’ League (EPL). They are Principal of Allman Town Primary, Kandi-Lee Alexandria Crooks-Smith; Principal of Manchester High, Jasford Gabriel; Principal of Ardenne High, Nadine Molloy; Principal of Petersfield Primary and Infant, Susan...

The Jamaica Productivity Centre (JPC) has embarked on a public-education programme in order to build a culture of productivity and to motivate persons to recognise the value of production to national development. Speaking at a Jamaica Information Service (JIS) Think Tank held Wednesday, (November 9), Executive Director of the JPC, Dr. Charles Douglas, said students are being targeted in the...

Cabinet is to consider a proposal to engage 25 District Constables for the maintenance of public order, particularly at the Half-Way-Tree Transport Centre. Director of Safety and Security in Schools, Assistant Superintendent of Police (ASP), Coleridge Minto, said Minister of Education, Youth and Information, Senator the Hon. Ruel Reid, will take the proposal to Cabinet. Mr. Minto, who was addressing...