Minister of Finance and the Public Service, Dr. Nigel Clarke, announced that the Government of Jamaica, through the Social and Economic Recovery and Vaccine (“SERVE”) Jamaica Programme, will provide $1 billion to support MSMEs to Go Digital.   While speaking at the First Global Bank’s 4th SME Summit, ‘Accelerating Growth Through Digitization,’ on Wednesday, May 19, 2021, Minister Clarke noted...

A total of $321 million has been earmarked under the Government’s Social and Economic Recovery and Vaccine Programme for Jamaica (SERVE), to purchase digital devices for students in need. The devices, to be procured by e-Learning Jamaica Limited, are being acquired for youngsters who have not benefited from similar provisions under other State-funded initiatives. The engagement, dubbed the ‘SERVE Jamaica...

The Government will be undertaking several road infrastructure projects aimed at improving vehicular movement and pedestrian safety on the nation’s roads. To this end, work is set to begin this year on the Braeton Road to Hellshire Main Road and Grange Lane, in St. Catherine, and East King’s House Road, Arthur Wint Drive and the Washington Boulevard Bridge, in Kingston....

Bank of Jamaica purchases select foreign currency banknotes and coins over its counter as a public service. The list of banknotes and coins that are purchased is found on Bank of Jamaica website at http://boj.org.jm/foreign_exchange/fx_crates.php. The Bank is not the issuer of these foreign currencies and therefore when we purchase from the public, these currencies are repatriated to the respective...

Former Senior International Monetary Fund (IMF) Resident Representative in Jamaica, Dr. Hyginus “Gene” Leon, took office as the sixth President of the Caribbean Development Bank (CDB) today (May 4). The St. Lucia native, who served as the IMF’s standard bearer locally from 2010 to 2013, succeeds Jamaican Dr. William Warren Smith, who retired on April 30 after 10 years at...

The Government has approved the expansion of allowable foreign assets in which domestic capital and financial market intermediaries can invest, effective April 30, 2021. These are corporate foreign currency debt instruments issued by entities incorporated in Jamaica that generate foreign earnings, and attain an investment grade global credit rating or Caribbean Information and Credit Rating Services Limited (CariCRIS) rating of...

The Caribbean Information and Credit Rating Services Limited (CariCRIS) officially opened its Jamaican office, during a virtual ceremony on Wednesday (April 28). The  office is the first to be established anywhere in the region outside the Trinidad and Tobago capital, Port-of-Spain, where the CariCRIS is headquartered, and comes 15 years after the firm commenced business relations with local clients. It...