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Bank of Jamaica (BOJ) Governor, Richard Byles (right), responds to questions from journalists during Thursday’s (November 21) quarterly briefing at the BOJ in downtown Kingston. Listening is Deputy Governor, Dr. Wayne Robinson.

BOJ to Implement New FX Trading Platform

Bank of Jamaica (BOJ) Governor, Richard Byles, has announced plans to implement a new foreign exchange trading platform in 2020. “We are going to be testing and implementing it January into February… then we will start the use of it...

Bank of Jamaica (BOJ) Governor, Richard Byles, addresses journalists during Thursday’s (November 21) quarterly briefing, at the BOJ in downtown Kingston.

BOJ Reports Increase In Credit Given By Deposit-Taking Institutions

Science, Energy and Technology Minister, Hon. Fayval Williams (right), is greeted by Pastor of Olson Memorial Church of God in Kingston, Rev. Adinhair Jones, on arrival for Sunday’s (November 17) Civil Service Week church service. Looking on is Custos Rotulorum for Kingston, Hon. Steadman Fuller. The week is being observed from November 17 to 23 under the theme: ‘Building and Sustaining a Culture of Excellence’.

PHOTOS: Civil Service Week 2019 Church Service

Acting Director for the Jamaica Information Service’s (JIS) Research, Print and Production Division, Celia Lindsay (right), accepting her Civil Servant of the Year 2019/19 award from Chief Executive Officer for First Heritage Co-Operative Credit Union Limited, Roxann Linton, during the presentation ceremony at the Jamaica Pegasus Hotel on Friday (November 15).

Top Civil Servants for 2019/20 Awarded

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left), speaking during the launch of Civil Service Week 2019 at the Ministry’s office in Kingston on Wednesday (November 13). Listening (from left) are Civil Service Week (CSW) Steering Committee Chair, Lorna Phillips; Jamaica Civil Service Association (JCSA) President, O’Neil Grant (partly hidden); and Chief Executive Officer of CSW sponsor, First Heritage Cooperative Credit Union, Roxann Linton.

Finance Minister Lauds Civil Servants

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6 years ago Finance & Public Service

BOJ Holds Policy Interest Rate At 0.50 Per Cent On Overnight Placements

The Bank of Jamaica (BOJ) says it will be holding the policy interest rate on overnight placements from deposit-taking institutions unchanged at 0.50 per cent, effective Wednesday (November 20). In a statement on Tuesday (November 19), the Central Bank said its decision, as was the case in September, is based on its assessment that monetary conditions are “generally appropriate” to...

6 years ago Finance & Public Service

BOJ Releases Another US$20 Million

The Bank of Jamaica (BOJ) on Thursday (November 14) released an additional US$20 million for sale to authorised dealers and large cambios via the BOJ’s Foreign Exchange Intervention and Trading Tool (B-FXITT). The provision represented the third consecutive day that the central bank was intervening in the foreign exchange market. It followed cumulative provisions of US$70 million on Tuesday (November...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, along with former International Monetary Fund (IMF) Mission Chief to Jamaica, Dr. Uma Ramakrishnan (left); and current IMF Resident Representative, Karim Youssef, during a recent media round-table forum at the Ministry’s offices in Kingston.

6 years ago Finance & Public Service

IMF Commits Continued Support For Economic Reform Programme

Former International Monetary Fund (IMF) Mission Chief for Jamaica, Dr. Uma Ramakrishnan, says the institution remains steadfast in its support for the country’s economic reform agenda, following the conclusion of programme arrangements on November 10. “We continue to be open to provide any technical assistance and capacity building that the country may need. We are hands-on in this and I...

6 years ago Finance & Public Service

Central Bank Pumps Additional US$30 Million In FX Market Wednesday

The Central Bank, on Wednesday (November 13), intervened in the foreign exchange market for the second consecutive day, by offering an additional US$30 million for sale to authorised dealers and large cambios. The offer, which was provided through the Bank of Jamaica Foreign Exchange Intervention and Trading Tool (B-FXITT), follows Tuesday’s (November 12) intervention of US$40 million. That provision, which...

6 years ago Finance & Public Service

Central Bank Expects Normalcy To Return To FX Market

The Central Bank is expecting normalcy to return to the foreign exchange market consequent on the sale of US$40 million to authorised dealers and cambios, via the Bank of Jamaica FX Intervention Trading Tool (B-FXITT) on Tuesday (November 12), to augment supply. This comes against the background of recent fluctuations in the value of the Jamaica dollar against the US...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), and former International Monetary Fund (IMF) Mission Chief for Jamaica, Dr. Uma Ramakrishnan, peruse a document, during a press conference at the Ministry in Kingston earlier this year.

6 years ago Finance & Public Service

IMF Credits ERP’s Success To Strong Stakeholder Ownership

Former International Monetary Fund (IMF) Mission Chief for Jamaica, Dr. Uma Ramakrishnan, has credited the success of the Economic Reform Programme (ERP) to the broad-based stakeholder ownership of the reforms and a commitment to “seeing things turn around”. “The ownership that we have seen across [political] administrations… where things went smoothly… and where [there was] the commitment to retaining the...

Cabinet Secretary and Head of the Civil Service, Ambassador Douglas Saunders (right), greets member of the Registrar General’s Department’s Audit Committee, Derron Dixon, during the 14th annual Government of Jamaica Audit Committees’ Conference, at the Jamaica Pegasus Hotel in New Kingston, on Thursday (November 7). The event was jointly hosted by the Ministry of Finance and the Public Service and Cabinet Office under the theme: ‘Fit for Purpose: Audit Committees Improving Accountability and Promoting Governance’.

6 years ago Finance & Public Service

Cabinet Secretary Underscores Role of Government Audit Committees

Cabinet Secretary, Ambassador Douglas Saunders, has underscored the integral role of government audit committees in the public sector governance framework. Speaking at 14th annual Government of Jamaica Audit Committees’ Conference at the Jamaica Pegasus Hotel in New Kingston on Thursday (November 7), Ambassador Saunders said their inputs are pivotal, in light of the impact which emerging issues, such as cybersecurity...