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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (at podium), addresses attendees at the launch of the 50th anniversary of the Inter-American Development Bank’s (IDB) operations in Jamaica, at its Montrose Road offices, in Kingston, on Thursday (December 5). At second right (front row) is the Inter-American Development Bank (IDB) Country Representative in Jamaica, Therese Turner-Jones.

DBJ To On-Lend $5 Billion To MSMEs

The Development Bank of Jamaica (DBJ) will be on-lending $5 billion to micro, small and medium-sized enterprises (MSMEs) over the next 12 months. This was announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, at...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left); and Country Managing Partner, Ernst and Young Jamaica Limited, Kayann Sudlow (third left), display two contracts, totaling US$7 million, which they signed to carry out a review of the public-sector compensation structure; and to implement shared corporate services for the public sector. Also pictured (from left) are Financial Secretary, Darlene Morrison; Executive Director, Ernst and Young, Barry Eligon; and President, Jamaica Civil Service Association (JCSA), O — Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left); and Country Managing Partner, Ernst and Young Jamaica Limited, Kayann Sudlow (third left), display two contracts, totaling US$7 million, which they signed to carry out a review of the public-sector compensation structure; and to implement shared corporate services for the public sector. Also pictured (from left) are Financial Secretary, Darlene Morrison; Executive Director, Ernst and Young, Barry Eligon; and President, Jamaica Civil Service Association (JCSA), O'Neil Grant. The signing took place at the National Heroes Circle offices of the Finance Ministry, in Kingston

Proposal For New Public Sector Compensation Structure To Be Submitted To Cabinet

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

BOJ to Get Feedback From Financial Institutions

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

BOJ Governor Says Sale of US$140 Million to Market Satisfied Demand

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

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

6 years ago Finance & Public Service

BOJ Reports Increase In Credit Given By Deposit-Taking Institutions

The Bank of Jamaica (BOJ) is reporting a 15.5 per cent increase in credit extended by deposit-taking institutions (DTIs) to businesses and households for the 12-month period ending September 2019. Governor, Richard Byles, says this is “broadly consistent” with the level of growth in this area, since the start of the year. He was speaking at the Central Bank’s quarterly...

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...

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’.

6 years ago Finance & Public Service

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).

6 years ago Excellence in the Civil ServiceFinance & Public Service

Top Civil Servants for 2019/20 Awarded

Acting Director for the Jamaica Information Service’s (JIS) Research, Print and Production Division, Celia Lindsay, is one three persons selected as 2019/20 Civil Servant of the Year. She copped the award after topping the field of entrants in the category of Management. The other winners are: Customer Service Manager at the Administrator General’s Department, Sophia Levy, who topped the field...

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 (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.

6 years ago Finance & Public Service

Finance Minister Lauds Civil Servants

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has lauded Jamaica’s civil servants for their unwavering commitment to duty, which he says has resulted in the country’s public sector being ranked as the best in the Caribbean. Noting that “we couldn't function without the civil service that we have today”, the Minister said “the record shows...

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...