Jamaica is to launch an Investment Map in the latter half of the 2019/20 fiscal year. The Investment Map is an initiative of the Inter-American Development Bank (IDB), which is aimed at making public investment projects more transparent and, ultimately, more efficient. This was disclosed by Project Director in the Ministry of Finance and the Public Service, Othneil Hemans, during...

Executive Director of The Students’ Loan Bureau (SLB) Monica Brown, says the institution is to start funding short certification courses. She made the remarks during a Higher Education Summit, held at Mona Visitor’s Lodge, at the University of the West Indies. “Up to now, the SLB has been funding courses for a minimum of two years. So based on the...

Today, Minister of Finance and the Public Service, Dr the Hon. Nigel Clarke announced the endorsement by the Cabinet of the selection of Mr. Richard Byles as the next Governor of the Bank of Jamaica. Minister Clarke stated, “In January of this year, I appointed a Search Committee chaired by Mr. David Marston to lead an open and transparent search...

The Development Bank of Jamaica (DBJ) has successfully completed 25 transactions under the Government’s Public-private Partnership (PPP) and Privatisation Programme since 2009, facilitating approximately US$1.1 billion in investments. DBJ Managing Director, Milverton Reynolds, said the amount includes US$303 million in sales and US$808 million in private-sector capital investments. He was speaking during a regional market sounding forum at the DBJ’s...

The House of Representatives on Tuesday (June 11) approved the Public Procurement (Registration and Classification of Suppliers) Regulations, 2019. Piloted by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, the Regulations are critical to the operationalisation of the reformed public procurement landscape. In his address, Dr. Clarke said the Regulations will fully enable the Public Procurement...

The Government is taking steps to deepen private-sector engagement in public infrastructure development through partnerships. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Administration is being aided by the United States Treasury Department to build out Jamaica’s capacity to engage in an open, competitive and transparent procurement process, intended to accommodate heightened private-sector participation....

Sixty public sector workers from various entities have been trained and certified as change managers, who will be charged with assisting the transformation process in the public service. The training was conducted by the Transformation and Implementation Unit (TIU) in the Ministry of Finance and Public Service. Executive Director of the TIU, Maria Thompson Walters, told JIS News that the...