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...

State Minister for Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, says the Jamaica Stock Exchange (JSE) Junior Market has recorded significant gains over the 10 years since its establishment. He noted that the market has grown from one company listing with capitalisation of $750 million, to some 43 entities that have generated approximately $135 billion in capital. In addition,...

The Ministry of Industry, Commerce, Agriculture and Fisheries is looking to partner with the Jamaica Micro Financing Association Limited (JaMFA) to sharpen the financial literacy skills of Jamaicans. State Minister in the Ministry, Hon. Floyd Green, said the objective is to ensure that citizens have a better understanding of and appreciation for key terms such as stock market, investments, loans/credit...