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 is one of five components of the layered multifaceted approach, which Finance and Public Service Minister, Dr the Hon. Nigel...

The Government, through Jamaica Post, has released the Jamaica Civil Service Association (JCSA) commemorative stamp to celebrate the Association’s 100th anniversary. Five postage stamps in denominations of $60.00, $120.00, $140.00, $180.00 and $200.00 were unveiled during a ceremony on May 6 at JACISERA Park in Kingston. The stamp is to be made available for purchase by the public shortly. First-day...

The Development Bank of Jamaica (DBJ) will host its three-day private equity and infrastructure development conference from June 10 to 12 at The Jamaica Pegasus hotel in New Kingston. The event is being staged through the Jamaica Private Equity and Venture Capital and the Public-Private Partnership and Privatisation programmes, under the theme ‘Delivering Economic Growth through Partnerships: Financing Regional Infrastructure,...

Prime Minister, the Most Hon. Andrew Holness, says the Government intends to stick to its current macroeconomic policy in order to protect and build on the gains attained to date. He argued that any reversal or diversion from the policy could jeopardise prospects for the nation’s economic security and independence. The Prime Minister was speaking at a media briefing at...

The House of Representatives has approved the National Contracts Commission (Validation and Indemnity) Act, 2019. The Bill seeks to validate and confirm all acts done in good faith by the National Contracts Commission in the performance of its functions pursuant to the mandate granted to the Commission under the Contractor General Act in the registration and classification of perspective contractors....

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...

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...