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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.

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...

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’.

Cabinet Secretary Underscores Role of Government Audit Committees

Jamaica Promotions Corporation (JAMPRO) President, Diane Edwards (centre), converses with participants at the recent launch of Jamaica’s Investment Guide (iGuide), at JAMPRO’s head office in New Kingston. From left are iGuide Project Consultant, Michelle Frederick Johnson; Jamaica Special Economic Zone Authority (JSEZA) Chief Executive Officer, Dr. Eric Deans; United Nations Conference on Trade and Development (UNCTAD) Economist, Ian Richards; and Jamaica Manufacturers and Exporters’ Association (JMEA) Executive Director, Imega Breese McNab.

Jamaica Launches Online Investment Guide

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), and Assistant Administrator for Latin America and Caribbean Bureau, USAID/Washington, John Barsa, display copy of the Memorandum of Understanding signed at the Ministry of Finance and the Public Service, on Thursday (October 31).

Government Signs MoU with USAID

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right), speaks with Assistant Administrator for Latin America and Caribbean Bureau, USAID/Washington, John Barsa, during a courtesy call at the Ministry of Finance and the Public Service, on Thursday (October 31).

PHOTOS: MOFPS Courtesy Call

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...

6 years ago Finance & Public Service

IMF Lauds Government’s Commitment

The International Monetary Fund (IMF) has praised the Government’s commitment to sustain fiscal and monetary policy discipline, after Jamaica’s 36-month US$1.65-million precautionary Stand-By Arrangement (SBA) concludes on November 10. Deputy Managing Director, Tao Zhang, says this is evident in the Administration’s decision to maintain the Economic Programme Oversight Committee (EPOC), to continue monitoring macroeconomic targets and reform commitments. In a...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivers the keynote address during the opening ceremony for the 44th Meeting of the Standing Committee of Caribbean Statisticians (SCCS), at the Jamaica Pegasus hotel in New Kingston on Monday (October 28).

6 years ago Finance & Public Service

Amendments To Public Bodies’ Regulations To Be Tabled By Nov. 30

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says proposed amendments to regulations intended to bolster the governance framework for public bodies will be tabled in Parliament by the end of November. He advised that the Government is in the “final stages” of work to develop the amended regulations, while addressing the opening ceremony for the...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second right), emphasies a point to Director General of the Statistical Institute of Jamaica (STATIN), Carol Coy, during the opening ceremony for the 44th Meeting of the Standing Committee of Caribbean Statisticians (SCCS), at The Jamaica Pegasus hotel in New Kingston on Monday (October 28). Also listening (from second left) are Planning Institute of Jamaica (PIOJ) Director General, Dr. Wayne Henry; and STATIN Chauirman, Professor Alvin Wint.

6 years ago Finance & Public ServiceHousing

15th Housing And Population Census To Start April 2021

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says Jamaica’s 15th housing and population census will officially get under way on April 5, 2021. Dr. Clarke said the exercise, to be conducted by the Statistical Institute of Jamaica (STATIN), for which he has portfolio responsibility, is expected to be completed within three months. STATIN’s pre-census preparations have...

Leader of Government Business in the Senate, and Minister of Foreign Affairs and Foreign Trade, Senator the Hon. Kamina Johnson Smith addresses the sitting of the Upper House on Friday (October 25).

6 years ago Finance & Public Service

Gov’t Safeguarding Financial System

The Government continues to put robust measures in place to safeguard the country’s financial system against money laundering schemes and the financing of terrorism. This assurance comes from Leader of Government Business in the Upper House, Senator the Hon. Kamina Johnson Smith, who said these strategies include strengthening the legislative framework dealing with these matters. “Getting to the root of...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, emphasises a point while addressing the House of Representatives on October 22.

6 years ago Finance & Public Service

Government Provides More Incentives For Local Suppliers

The micro, small and medium-sized enterprise (MSME) sector has received a boost with the passage of two Resolutions in the House of Representatives that seek to provide an opportunity for local suppliers to bid on government contracts, based on the percentage of local raw material being used. The resolutions are the Public Procurement (Domestic Margin of Preference) Order, 2019, and...