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Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, speaks during Monday’s (August 26) quarterly briefing at the PIOJ’s head office in New Kingston.
Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, speaks during Monday’s (August 26) quarterly briefing at the PIOJ’s head office in New Kingston.

Policy Certainty is Key to Safeguard Country Against Any Recession – PIOJ Head

Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, says policy certainty is among the measures which will be key in safeguarding the country against the possible emergence of another global economic recession. “The intensity of any...
Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, speaks during Monday’s (August 26) quarterly briefing at the PIOJ’s head office in New Kingston.
Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, speaks during Monday’s (August 26) quarterly briefing at the PIOJ’s head office in New Kingston.

Growth of 1 % for April-to-June Quarter
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), addresses a signing ceremony at the Ministry’s National Heroes Circle Offices on August 22. With the Minister (from second left) are: Chairman of the Economic Programme Oversight Committee (EPOC), Keith Duncan, and President of the Private Sector Organisation of Jamaica (PSOJ), Howard Mitchell.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), addresses a signing ceremony at the Ministry’s National Heroes Circle Offices on August 22. With the Minister (from second left) are: Chairman of the Economic Programme Oversight Committee (EPOC), Keith Duncan, and President of the Private Sector Organisation of Jamaica (PSOJ), Howard Mitchell.

Review of Bank of Jamaica Act 2018 Far Advanced
Minister of Science, Energy and Technology, Hon. Fayval Williams (second right), engages Civil Servant of the Year 2017, Ministry of Foreign Affairs and Foreign Trade, Kerry Ann Spaulding (left); Chair of the Civil Service Week Steering Committee, Ministry of Finance and the Public Service, Lorna Phillips (second left), and Chief Executive Officer, First Heritage Co-Operative Credit Union (FHC), Roxann Linton, at the recent launch of the FHC Civil Servants of the Year Award 2019, at the Jamaica Co-operative Credit Union League’s Manhattan Road address in Kingston. Civil Service Week 2019 will be observed from November 17 to 22 under the theme, ‘Building and Sustaining a Culture of Excellence’.
Minister of Science, Energy and Technology, Hon. Fayval Williams (second right), engages Civil Servant of the Year 2017, Ministry of Foreign Affairs and Foreign Trade, Kerry Ann Spaulding (left); Chair of the Civil Service Week Steering Committee, Ministry of Finance and the Public Service, Lorna Phillips (second left), and Chief Executive Officer, First Heritage Co-Operative Credit Union (FHC), Roxann Linton, at the recent launch of the FHC Civil Servants of the Year Award 2019, at the Jamaica Co-operative Credit Union League’s Manhattan Road address in Kingston. Civil Service Week 2019 will be observed from November 17 to 22 under the theme, ‘Building and Sustaining a Culture of Excellence’.

Civil Service Week to be Observed November 17-22
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (centre); Governor of the Bank of Jamaica, Richard Byles (left); and Chairman of the Economic Programme Oversight Committee (EPOC), Keith Duncan, sign a Memorandum of Understanding (MoU) to extend domestic monitoring of Jamaica’s economic reform programme by EPOC beyond the end of the Precautionary Stand-By Arrangement with the International Monetary Fund (IMF). The signing ceremony was held at the Ministry’s National Heroes Circle Offices today (August 22).
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (centre); Governor of the Bank of Jamaica, Richard Byles (left); and Chairman of the Economic Programme Oversight Committee (EPOC), Keith Duncan, sign a Memorandum of Understanding (MoU) to extend domestic monitoring of Jamaica’s economic reform programme by EPOC beyond the end of the Precautionary Stand-By Arrangement with the International Monetary Fund (IMF). The signing ceremony was held at the Ministry’s National Heroes Circle Offices today (August 22).

MoU Signed to Extend EPOC’S Monitoring of ERP

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Finance & Public Service

BOJ Lowers Interest Rate on Overnight Deposits

The Bank of Jamaica (BOJ) has further reduced the policy interest rate on deposit-taking institutions’ overnight placements by 25 basis points to 0.50 per cent, effective Wednesday, August 28. In a statement on Tuesday (August 27), the BOJ said the decision reflects its assessment that inflation is projected to average 4.3 per cent over the next eight quarters, which is...
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Inter-American Development Bank Caribbean Country Manager, Therese Turner-Jones, emphasising a point while speaking at the recent launch of the Companies Office of Jamaica’s (COJ) newly established Electronic Business Registration Form (eBRF) at The Jamaica Pegasus hotel in New Kingston
Finance & Public ServicePrime Minister

IDB Official Says Digital Economy Will Enhance Public Service Delivery

Inter-American Development Bank (IDB) Caribbean Country Manager, Therese Turner-Jones, believes Jamaica’s proposed transformation to a fully digital economy will enhance public service delivery and, by extension, the lives of persons accessing attendant provisions. Among the potential benefits to be derived, she says, are the streamlining of benefits, so that they “get to where they ought to be,” and significant savings...
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Principal Director of the Public Sector Transformation and Modernisation Programme (PSTM), Office of the Cabinet, Wayne Robertson.
Finance & Public ServiceJIS Studio 58A

Principal Director of PSTM Says eBRF Will Help to Improve Ranking

Principal Director of the Public Sector Transformation and Modernisation Programme (PSTM), Office of the Cabinet, Wayne Robertson, says the recently launched Electronic Business Registration Form (eBRF) will help Jamaica to improve its ranking on the World Bank Doing Business Report Index. The island is ranked at 75 among 190 economies, according to the 2018 Doing Business Report. Speaking at a...
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Minister of Science, Energy and Technology, Hon. Fayval Williams (second left), listens to President of the Jamaica Civil Service Association, O’Neil Grant (right), at the launch of the FHC Civil Servants of the Year Award 2019 and opening of nominations, on Wednesday (August 14), at the Jamaica Co-operative Credit Union League’s Manhattan Road address in Kingston. Sharing in the moment are Cabinet Secretary and Head of the Civil Service, Ambassador the Hon. Douglas Saunders (left), and Chief Executive Officer, First Heritage Co-Operative Credit Union (FHC), Roxann Linton.
Finance & Public Service

Three New Categories for Civil Servants of the Year

This year, three new categories of awardees will be introduced into the Civil Servants of the Year Award, to broaden the scope of eligible nominees as part of efforts to revitalise the initiative. The three categories are Technical, Management and Middle Management. Each awardee will receive a cash prize of $200,000. All three awardees will complete a joint community project...
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Bank of Jamaica (BOJ) Governor, Brian Wynter (second right, background), observes as Jamaica Bankers Association (JBA) President, Jerome Smalling (second left), and Cambio Association of Jamaica (CAJ) President, Heather Ferguson Fearon (right, foreground), shake hands after signing the Bank for International Settlements (BIS) Foreign Exchange (FX) Global Code at the BOJ in downtown Kingston on Monday (July 29). Looking on (from left) are Jamaica Institute of Financial Services (JIFS) Executive Director, Darlene Jones; and BOJ Deputy Governors, John Robinson and Natalie Haynes.
Finance & Public Service

Global Certification Programme for Local FX Traders

Jamaica stands to benefit significantly from the Foreign Exchange (FX) Global Code Certification Programme now being offered for financial services industry professionals. The programme, which commenced earlier this year, involves collaboration with the ACI Financial Markets Association (ACIFMA), and coincides with Jamaica’s signing of the Bank for International Settlements (BIS) FX Global Code. The Code provides a common set of...
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International Monetary Fund (IMF) Resident Representative, Dr. Constant Lonkeng Ngouana, addresses a public forum at the Bethel Baptist Church in Half-Way-Tree on Monday (July 29).
Finance & Public Service

Jamaica Ready to Exit IMF – Dr. Ngouana

International Monetary Fund (IMF) Resident Representative, Dr. Constant Lonkeng Ngouana, says Jamaica has made tremendous progress over the last six years and is now ready to exit its current arrangement with the organisation. “Jamaica has reached a place where we don’t need to be here all the time. We are taking the back seat and Jamaica is in the driver’s...
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Bank of Jamaica (BOJ) Governor, Brian Wynter (second right, standing), observes as Jamaica Bankers’ Association (JBA) President, Jerome Smalling, signs the Bank for International Settlements (BIS) Foreign Exchange Global Code, at the BOJ, in downtown Kingston, on Monday (July 29). Also observing are co-signatory, Cambio Association of Jamaica (CAJ) President, Heather Ferguson Fearon (right, seated), and (back row, from left): Jamaica Institute of Financial Services (JIFS) Executive Director, Darlene Jones; and BOJ Deputy Governors, John Robinson; and Natalie Haynes.
Finance & Public Service

Signing of BIS Code By Key Stakeholders Will Push Economic Development – BOJ Governor

Bank of Jamaica (BOJ) Governor, Brian Wynter, says the signing of the Bank for International Settlements (BIS) Foreign Exchange Global Code by key financial market stakeholders, today (July 29), represents a timely and important step in advancing the country’s economic development. “This historic signing reflects our aim for Jamaica to have a robust, fair, liquid, open and transparent market for...
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