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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaking during Tuesday’s (March 3) sitting of the Standing Finance Committee of the House of Representatives, which is reviewing the 2020/21 Estimates of Expenditure at Gordon House.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaking during Tuesday’s (March 3) sitting of the Standing Finance Committee of the House of Representatives, which is reviewing the 2020/21 Estimates of Expenditure at Gordon House.

$792 Million For PCJ Added To Budget

The 2020/21 Estimates of Expenditure has been adjusted from $852.7 billion to $853.5 billion to reflect an additional $792 million to fund the operations of the Petroleum Corporation of Jamaica (PCJ), which will be integrated into the Ministry of Science,...
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right), responds to questions during the sitting of the Standing Finance Committee of the House of Representatives on Tuesday (March 3). The committe is reviewing the 2020/21 Estimates of Expenditure. Beside him is Financial Secretary, Darlene Morrison.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right), responds to questions during the sitting of the Standing Finance Committee of the House of Representatives on Tuesday (March 3). The committe is reviewing the 2020/21 Estimates of Expenditure. Beside him is Financial Secretary, Darlene Morrison.

Gov’t On Course To Meet Capital Expenditure Target
Tourism Minister, Hon. Edmund Bartlett (left), highlights a point while addressing the Standing Finance Committee of the House of Representatives on Tuesday’s (March 3). Beside him is Director of Tourism, Jamaica Tourist Board, Donovan White.
Tourism Minister, Hon. Edmund Bartlett (left), highlights a point while addressing the Standing Finance Committee of the House of Representatives on Tuesday’s (March 3). Beside him is Director of Tourism, Jamaica Tourist Board, Donovan White.

Tourism Projections Revised Due To Global Coronavirus Outbreak
Chief Executive Officer (CEO) for the Jamaica Special Economic Zones Authority (JSEZA), Dr. Eric Deans (right), greets JSEZA’s Senior Legal Officer and Corporate Secretary, Chantal Bennett, following a recent sensitisation session hosted by the agency at the S Hotel in Montego Bay, St. James. Sharing the moment is JSEZA Director for Regulations, Policy, Enforcement and Monitoring, Ainsley Brown.
Chief Executive Officer (CEO) for the Jamaica Special Economic Zones Authority (JSEZA), Dr. Eric Deans (right), greets JSEZA’s Senior Legal Officer and Corporate Secretary, Chantal Bennett, following a recent sensitisation session hosted by the agency at the S Hotel in Montego Bay, St. James. Sharing the moment is JSEZA Director for Regulations, Policy, Enforcement and Monitoring, Ainsley Brown.

Special Economic Zones Poised For Additional Multimillion-Dollar Foreign Investments
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks at Tuesday’s (March 3) meeting of the Standing Finance Committee of the House.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks at Tuesday’s (March 3) meeting of the Standing Finance Committee of the House.

Contingency Provisions In Budget To Deal With COVID-19 – Finance Minister

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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left) and the World Bank Country Director for Caribbean Countries, Latin America and the Caribbean Region, Tasheen Sayed (second left), sign the US$40-million loan agreement for the implementation of the second phase of the Rural Economic Development Initiative (REDI II), during a ceremony held at the Ministry’s Heroes Circle offices, today (March 3). Observing (from third left) are World Bank Representative for Jamaica, Ozan Sevimli; and Managing Director of Jamaica Social Investment Fund, Omar Sweeney. Standing is Negotiation Officer, Ministry of Finance and the Public Service, Dwayne Haynes.
Finance & Public Service

Government And World Bank Sign Agreement For REDI II

The Government and the World Bank have signed a US$40-million loan agreement for implementation of the second phase of the Rural Economic Development Initiative (REDI II). The agreement was signed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke; and World Bank Country Director for Caribbean Countries, Latin America and the Caribbean Region, Tasheen Sayed, during...
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The United States Agency for International Development (USAID) Jamaica Mission, Deputy Director, Jason Fraser (right), makes his presentation at the 4th Energy Climate Partnership of the Americas (ECPA) Ministerial Meeting, held at the Montego Bay Convention Centre, St. James, on February 27. At left is outgoing President of the American Chamber of Commerce of Jamaica, Allison Peart.
Finance & Public ServiceForeign AffairsLocal Government

Jamaica To Benefit From US$5 Million Investment By USAID

Jamaica is to benefit from a US$5 million investment by the United States Agency for International Development (USAID), to improve the nation’s financial and economic resilience to safeguard against losses during natural disasters. Jamaica Mission Deputy Director, Jason Fraser, said the USAID signed a Memorandum of Understanding (MOU) with the Ministry of Finance and Public Service last year, and through...
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Director General for the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry (centre), responds to questions from journalists during Tuesday’s (February 25) quarterly media briefing at the agency’s head office in New Kingston. Others (from left) are Senior Director for the PIOJ’s Economic Planning, Research and Policy Logistics Division, James Stewart; and Programme Director for the Vision 2030 Jamaica Secretariat at the PIOJ, Peisha Bryan.
Economic Growth & Infrastructure DevelopmentFinance & Public Service

PIOJ Reports 0.1 Per Cent Growth For Fourth Quarter

The Planning Institute of Jamaica (PIOJ) is reporting estimated fourth quarter calendar year growth of 0.1 per cent, between October and December 2019, relative to the corresponding period in 2018. This, consequent on estimated growth of 1.8 per cent in the services industry, despite a 3.8 per cent contraction in the goods producing industry, Director General, Dr. Wayne Henry, has...
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Bank of Jamaica (BOJ) Governor, Richard Byles (left), addresses journalists during Thursday’s (February 20) quarterly media briefing at the BOJ in downtown Kingston. At right is Senior BOJ Deputy Governor, John Robinson.
Finance & Public Service

BOJ Commences Process To Identify New Senior Deputy Governor

The Bank of Jamaica (BoJ) has commenced the process to identify a candidate to replace incumbent Senior Deputy Governor, John Robinson, who is slated to demit the position shortly. Speaking during the Bank’s quarterly media briefing at the BOJ in downtown Kingston, on Thursday (February 20), Governor, Richard Byles, said applications have been invited to fill the post. This has...
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Bank of Jamaica (BOJ) Governor, Richard Byles (left), addresses journalists during Thursday’s (February 20) quarterly media briefing at the BOJ in downtown Kingston. At right is Senior BOJ Deputy Governor, John Robinson.
Finance & Public ServiceForeign Affairs

BOJ Reports ‘Generally Balanced’ Foreign Exchange Demand And Supply

Bank of Jamaica (BOJ) Governor, Richard Byles, says demand and supply in the local foreign exchange market, save and except for periodic bouts of extraordinary demand, are “generally in the balance”. “The post-Christmas demand has been settled, and dealers are now selling more to the market than what they buy,” he said, while noting, however, that “there remains some capital...
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Bank of Jamaica (BOJ) Governor, Richard Byles (2nd left), addresses journalists during Thursday’s (February 20) quarterly media briefing at the BOJ in downtown Kingston. With the Governor (from left) are: Deputy Governors Dr. Wayne Robinson, John Robinson and Natalie Haynes.
Finance & Public Service

New BOJ Foreign Exchange Trading Platform To Be Rolled Out By March 31

Phase one of the newly proposed Bank of Jamaica (BOJ) foreign exchange trading platform is expected to be rolled out by March 31. This was disclosed by Deputy Governor, Natalie Haynes, during the Bank’s quarterly media briefing at the BOJ, in downtown Kingston, on Thursday (February 20). Ms. Haynes said the initial phase entails establishment of the order market arrangement...
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