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...

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,...

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,...