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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke addresses the Jamaica Stock Exchange disaster risk financing seminar at The Jamaica Pegasus hotel in New Kingston on Tuesday (May 7).
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke addresses the Jamaica Stock Exchange disaster risk financing seminar at The Jamaica Pegasus hotel in New Kingston on Tuesday (May 7).

World Bank Partners with Government to Develop Catastrophe Fund

The World Bank has partnered with the Government to develop a catastrophe bond for Jamaica. This instrument is designed to generate additional funding to better enable the Administration to effectively respond to damage and dislocation resulting from weather-related disasters. It...
Photo of a glass-encased Jamaica Civil Service Association (JCSA) commemorative centenary stamp, which comes in five denominations – $60.00, $120.00, $140.00, $180.00 and $200.00. The stamp was unveiled during a ceremony hosted by the JCSA on May 6 at JACISERA Park in Kingston.
Photo of a glass-encased Jamaica Civil Service Association (JCSA) commemorative centenary stamp, which comes in five denominations – $60.00, $120.00, $140.00, $180.00 and $200.00. The stamp was unveiled during a ceremony hosted by the JCSA on May 6 at JACISERA Park in Kingston.

Government Releases Centenary Stamp for JCSA
Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds (left), shares pleasantries with (from second left): Inter-American Development Bank (IDB) Invest Chief of Operations, Adriana La Valley; Government Senator and Economic Growth Council Executive Director, Aubyn Hill; and General Manager for the DBJ’s Public-Private Partnership and Privatisation Division, Denise Arana, during Wednesday’s (May 1) launch of the DBJ’s three-day Private Equity and Infrastructure, SMEs, Entrepreneurship and Innovation Conference, at the Courtyard by Marriott hotel, in New Kingston. The event is slated for The Jamaica Pegasus Hhotel from June 10 to 12 under the theme ‘Delivering Economic Growth through Partnership: Financing Regional Infrastructure, SMEs and Innovation’.
Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds (left), shares pleasantries with (from second left): Inter-American Development Bank (IDB) Invest Chief of Operations, Adriana La Valley; Government Senator and Economic Growth Council Executive Director, Aubyn Hill; and General Manager for the DBJ’s Public-Private Partnership and Privatisation Division, Denise Arana, during Wednesday’s (May 1) launch of the DBJ’s three-day Private Equity and Infrastructure, SMEs, Entrepreneurship and Innovation Conference, at the Courtyard by Marriott hotel, in New Kingston. The event is slated for The Jamaica Pegasus Hhotel from June 10 to 12 under the theme ‘Delivering Economic Growth through Partnership: Financing Regional Infrastructure, SMEs and Innovation’.

DBJ to Host Three-Day Private Equity Conference
Prime Minister, the Most Hon. Andrew Holness, addressing Tuesday’s (April 30) media briefing to announce the World Bank’s provision of a US$140-million loan to Jamaica. The briefing was held at the Office of the Prime Minister.
Prime Minister, the Most Hon. Andrew Holness, addressing Tuesday’s (April 30) media briefing to announce the World Bank’s provision of a US$140-million loan to Jamaica. The briefing was held at the Office of the Prime Minister.

Gov’t Will Stick to Macroeconomic Policy – PM
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks in the House of Representatives on April 30.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks in the House of Representatives on April 30.

House Approves National Contracts Commission Validation Act

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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses Tuesday’s (April 30) media briefing to announce the World Bank’s provision of a US$140-million loan to Jamaica. The briefing was held at the Office of the Prime Minister.
Finance & Public Service

World Bank Impressed with Jamaica’s Macroeconomic Achievements

Newly appointed World Bank Vice President for Latin America and the Caribbean, Axel van Trostenburg, says Jamaica’s macroeconomic achievements, to date, have been “extremely impressive”. “I don’t know any country that has achieved, over a sustained period of time, the fiscal adjustments and reforms as Jamaica has done, and produced a most spectacular reduction of its debt level that reached...
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Mayor of Falmouth, Councillor Colin Gager (centre), is all smiles as he holds the Public Sector Debate Competition Champion’s Trophy won by the Trelawny Municipal Corporation at the competition finals held at the Jamaica Conference Centre in Kingston on April 25. Members of the wining team are (from second left) Garcia McLean, Ricardo Williams, Marlet Wellington, Shakera Williams and Tamicka Malcolm. Sharing in the moment are Chairman of the Public Sector Transformation Oversight Committee (PSTOC), Danny Roberts (left); Executive Director, Transformation Implementation Unit in the Ministry of Finance and the Public Service, Maria Thompson-Walters (second right); and President of the Jamaica Civil Service Association, O’Neil Grant (right).
Finance & Public ServiceLocal GovernmentVision 2030

Falmouth Mayor Congratulates Trelawny Municipal Corporation Debate Team

The Mayor of Falmouth, Councillor Colin Gager, has congratulated the Trelawny Municipal Corporation for winning the inaugural Public Sector Debate Competition. Mr. Gager was in attendance of the grand finals of the contest held on April 25 at the Jamaica Conference Centre, downtown Kingston. “I am happy and delighted that this team, coming from Trelawny, could be able to perform...
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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), speaks with Chairman of Victoria Mutual Group, Michael McMorris, at the opening of the Victoria Mutual Fairview Financial Centre in Montego Bay, St. James, on Wednesday, April 24.
Finance & Public Service

No More Reckless Policy Reversals – Finance Minister

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the country’s days of being subjected to reckless forms of policy reversals to the detriment of the local people and the economy are over. Speaking at the opening of the Victoria Mutual Fairview Financial Centre in Montego Bay, St. James, on April 24, Mr. Clarke said Jamaica...
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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right), tries out a computer in one of the offices at the Victoria Mutual Fairview Financial Centre, following the official opening of the facility in Montego Bay, St. James on April 24. Looking on are Chief Executive Officer of Victoria Mutual Group, Courtney Campbellon (left); and Custos of St. James, Conrad Pitkin.
Finance & Public Service

Gov’t Enabling Jamaicans to Own State Assets

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government remains steadfast in its commitment to revolutionise the ownership of State assets. The Minister, who was speaking at the grand opening of the Victoria Mutual Fairview Financial Centre in Montego Bay, St. James, on Wednesday (April 24), noted that more ordinary Jamaicans are being given...
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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), in discussion with International Monetary Fund (IMF) Mission Chief for Jamaica, Dr. Uma Ramakrishnan, following the Government of Jamaica (GOJ)/IMF joint press conference at the Ministry’s offices in Kingston, in March, for the Fifth IMF Precautionary Stand-By Arrangement (PSBA) Review.
Budget 2019/2020Finance & Public Service

Strong Implementation of ERP Continues to Yield Significant Dividends – IMF

The Executive Board of the International Monetary Fund (IMF) says the Government’s ongoing strong implementation of Jamaica’s Economic Reform Programme (ERP), continues to yield significant dividends. The Board notes that consequent on “commendable” performances under two successive Fund arrangements since May 2013, “Jamaica’s public debt is projected to fall below 100 per cent of gross domestic product (GDP) for the...
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