Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says approximately $2.65 billion in Compassionate Grant payments have been made to date to some 265,000 applicants under the Government’s COVID Allocation of Resources for Employees (CARE) Programme. In a statement on Monday (May 11), Dr. Clarke advised that the funds were disbursed through more than 40 financial...

The Bank of Jamaica (BOJ) has commenced work to develop an enabling framework for the regulation of Payment Service Providers (PSPs). This is to facilitate the entities’ designation under the Proceeds of Crime Act (POCA), Deputy Governor in charge of Market Operations and Currency, Natalie Haynes, has said. She was speaking at a BOJ virtual press conference on Thursday (May...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says 250,000 persons who have been confirmed for compassionate grants under the Government’s COVID-19 Allocation of Resources for Employees (CARE) Programme, are expected to receive their payments by the end of the week. Speaking at a COVID-19 digital press briefing at the Office of the Prime Minister Media...

The Government is developing protocols to facilitate the seamless collection of grants through remittance outlets by COVID Allocation of Resources for Employees (CARE) Programme applicants who selected this disbursement option. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says these will be consistent with the social distancing and health protocols now in place as part of...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has announced that persons with disabilities who are having challenges accessing the benefits of the COVID Allocation of Resources for Employees (CARE) programme, will be given special consideration. Addressing the House of Representatives on April 28, the Minister said $40 million will be transferred to the Ministry of...

All transactions and procedures under the Government’s $10-billion COVID Allocation of Resources for Employees (CARE) Programme will be transparent and secure. This is being done through a rigorous verification exercise in which the Government has been engaged since Friday (April 24), and is in addition to other security measures in place. The CARE Programme aims to provide financial assistance to...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the first Supplementary Estimates for 2020/21 should be tabled in the House of Representatives within two weeks. “That supplementary budget will recast [projected] revenues in light of the [coronavirus] COVID-19 pandemic… it will involve a reallocation of expenditure to be consistent with the realities that we face...