The Executive Board of the International Monetary Fund (IMF) says the Government’s ongoing strong implementation of Jamaica’s Economic Reform Programme (ERP), continues to yield significant dividends. The Board notes that consequent on “commendable” performances under two successive Fund arrangements since May 2013, “Jamaica’s public debt is projected to fall below 100 per cent of gross domestic product (GDP) for the...

The Jamaica National Agency for Accreditation (JANAAC) is targeting increased compliance by entities with local and international standards governing their operational processes and procedures. This is among several activities being pursued by JANAAC in the new financial year as the agency seeks to improve its overall effectiveness as an accreditation body. As stated in the 2019/20 Public Bodies Estimates of...

Sugar Company of Jamaica Holdings Limited (SCJH) will be accelerating its housing development and community regularisation programme, for the benefit of displaced sugar workers and their dependents. Some five communities are targeted for the 2019/20 financial year, with the programme expected to continue for the next four years. SCJH is also seeking to attract new investments across the six parishes...

National Health Fund (NHF) service delivery, targeting further reduction in healthcare costs, continues in earnest this financial year. This will be achieved through ongoing implementation of several engagements, including drug subsidy provision for specified chronic illnesses under the Individual Benefits Programme and Jamaica Drug for the Elderly Programme (JADEP), and project funding for the Ministry of Health through the Institutional...

The Coconut Industry Board (CIB) will be undertaking measures in the new financial year aimed at expanding the industry. This entity is looking to acquire property at Water Valley in St. Mary or other location to establish a new seed garden, nursery and farm that will facilitate the construction of coconut water and oil factories. In addition, the organisation will...

The Bureau of Standards Jamaica (BSJ) will be focused on developing standards for various industries during the new fiscal year. Some 65 standards for products and services in the building/construction, cannabis, bamboo and castor oil industries are scheduled for completion. This is stated in the 2019/20 Public Bodies Estimates of Revenue and Expenditure. The BSJ will also be collaborating with...

The Housing Agency of Jamaica (HAJ) will be increasing the number of affordable housing solutions provided to low- and middle-income earners. As stated in the 2019/20 Public Bodies Estimates of Revenue and Expenditure, the entity is projecting to deliver some 1,460 solutions this fiscal year, up from 309 in 2018/19. These comprise serviced lots, housing starts and/or completed houses. In...