The Government has allocated $20 million towards the rehabilitation and modification of the Ministry of Education, Youth and Information’s Caenwood and National Heroes Circle premises. The objective is to renovate, repair and expand existing office spaces at both locations. This is contained in the 2021/22 Estimates of Expenditure, which was tabled in the House of Representatives by the Minister of...

In light of the ongoing COVID-19 pandemic, effective Friday, 12 February 2021, Bank of Jamaica will temporarily suspend the offering of teller services until further advised. Please be reminded that coin exchange services have been suspended since August 2020. In this regard, we therefore recommend that for the exchange of foreign currencies and other banking services, the public should rely...

Bank of Jamaica (the Bank) publishes data on fees charged for transactions processed through JamClear®-RTGS on a quarterly basis. The table below includes JamClear®-RTGS transaction fees charged by each JamClear®-RTGS participant (commercial banks, merchant bank, building societies and primary dealers) for the quarters ending September 2020 and December 2020. Effective 20 March 2020, the Bank waived transaction fees associated with...

Minister of Finance and the Public Service, Dr the Hon. Nigel Clarke announced on Monday (January 25) that the Government of Jamaica (“GOJ”) received a payment of J$500 Million in December 2020 in respect of the GOJ’s 2020/21 Excess Rainfall policy, held with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) Segregated Portfolio Company. The pay-out was related to the intense...

The Transformation Implementation Unit (TIU) is on track to achieve its target of having 85 government entities using MyHR+ by February 2024. MyHR+ is the integrated payroll and human resource (HR) management information system being rolled out across the public sector, on a phased basis. It has two main modules – HR, which allows for the management and administration of...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says Jamaica has a clear path towards recovering from the economic fallout sparked by the coronavirus (COVID-19) pandemic, which will require the Government to focus on specific priorities. “Our priorities are going to centre around [but not] limited to, economic recovery, maintaining a healthy population, protecting the vulnerable,...

Minister of Finance and the Public Service, Dr the Hon. Nigel Clarke announced today that the Government of Jamaica (“GOJ”) received a payment of J$500 Million in December 2020 in respect of the GOJ’s 2020/21 Excess Rainfall policy, held with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) Segregated Portfolio Company. The payout was related to the intense and persistent rainfall...