Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Office of the Auditor General (AG) has been asked to review the application and disbursement processes under the Government’s COVID-19 Allocation of Resources for Employees (CARE) programme. He was speaking during a virtual press conference at Jamaica House on Tuesday (April 14) to provide an update...

Registered airport red cap porters are among the 19 categories of workers in the tourism industry slated to benefit from the Government’s $10-billion COVID Allocation of Resources for Employees (CARE) Programme. The programme, which was launched online today (April 9), via website www.wecare.gov.jm, aims to provide financial assistance to workers and businesses impacted by the coronavirus (COVID-19) pandemic. The package...

Fitch Rating Agency, today, April 10, 2020, revised the country’s outlook to “Stable” from “Positive”, while affirming its Long-Term Foreign-Currency Issuer Default Rating (IDR) at B+. The Rating Agency indicated that the revised outlook reflected the shock to Jamaica from the on-going global Corona Virus (COVID-19) health crisis. Fitch indicated that due to the pandemic, the country will experience a...

Hundreds of thousands of Jamaicans have responded to the COVID-19 Allocation of Resources for Employees (CARE) programme. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, gave a brief update during the ‘Telethon Jamaica-Together We Stand’ event on Sunday (April 12). The $10-billion programme offers financial assistance through grants and relief packages to persons across various sectors,...

The Government of Jamaica through the Ministry of Finance and the Public Service will be providing financial assistance to employees who have been laid off during the coronavirus (COVID-19) outbreak by way of the COVID 19 Allocation of Resources to Employees (CARE) Programme. They will be supported by the Supporting Employees with Transfer of Cash (SET Cash) Grant. "Our aim...

Starting tomorrow, Thursday, April 9, 2020, Jamaica-based individuals and businesses will be able to begin applying under the COVID-19 Allocation of Resources for Employees (CARE) Programme for benefits when the website goes live online. The programme is being launched by the Government of Jamaica (GOJ), through the Ministry of Finance and the Public Service (MOFPS), to offer financial assistance to...

The Financial Services Commission (FSC) will be looking to expand its regulatory functions this year, to include domestic and international trust service providers and virtual asset service providers. Additionally, the FSC will be seeking to enhance the regulations, guidelines and practices under the Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) framework over the period, for the non-banking sector. These and other...