The Bank of Jamaica (BOJ) has announced that, effective today (Monday, May 20), additional information on daily foreign exchange market transactions will be posted on its website. This decision, according to the BOJ, is intended to foster “greater transparency” in relation to large US-dollar transactions by authorised foreign exchange dealers and cambios and improve public access to market information. “The...

The public is invited to the Financial Services Commission (FSC) Town Hall Meeting to be held at the Cecil Charlton Hall, Hargreaves Avenue in Mandeville, Manchester, on Tuesday, May 21, beginning at 5:30 p.m. Communications and Public Education Officer at the FSC, Toni-Ann Bryson, told JIS News that the town hall meeting is part of a drive by the FSC...

The United States Agency for International Development (USAID) has allocated approximately $67 million (US$500,000) to support the youth component of the Improved Safety and Security in Schools Programme in the Ministry of Education, Youth and Information. The two-year programme, which began in July 2017 and is slated to end in July 2019, is valued at US$3 million. It is being...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says additional reforms being accelerated by the Government to improve Jamaica’s global competitiveness should serve to further boost the country’s ranking on the World Bank Doing Business Report Index. He said despite Jamaica improving 16 places on the Index to be ranked the most competitive Caribbean country with which...

Executive Director of the Public Investment Management Secretariat (PIMSEC), Douglas Levermore, says that the Government retains ownership of the country’s assets under public-private Ppartnership (PPP) arrangements. “In the PPP modality, the Government still owns the assets, so this notion of a sell-out of the particular government interest is not founded in reality…the State’s assets may be concessioned to an experienced...

The Ministry of Finance and the Public Service is on a drive to improve its service delivery under the Cabinet Office Service Excellence Programme. As part of the process, the entity is undertaking a customer service survey to garner feedback about its products and services. Director of Communications, Elaine Oxamendi Vicet, told JIS News that “the survey will inform the...

Head of the European Union (EU) Delegation to Jamaica, Ambassador Malgorzata Wasilewska, says the continued budgetary support provided to Jamaica is a signal of trust in the country’s economic progress. “Budget support is a particular modality that a country has to qualify for, and it is not granted to everybody because it has to be based on sound financial management,...