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Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, opens the 2019/20 Budget Debate in the House of Representatives on March 7. Seated (from left) are Industry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw; and Science, Energy and Technology Minister, Hon. Fayval Williams.
Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, opens the 2019/20 Budget Debate in the House of Representatives on March 7. Seated (from left) are Industry, Commerce, Agriculture and Fisheries Minister, Hon. Audley Shaw; and Science, Energy and Technology Minister, Hon. Fayval Williams.

EXIM Bank Loans for Productive Sector to Increase to $9.3 Billion

National Export-Import (EXIM) Bank of Jamaica loans to the productive sector is projected to increase to $9.3 billion for the upcoming fiscal year. This is according to the 2019/20 Public Bodies’ Estimates of Revenue and Expenditure, which was tabled in...
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses the opening session of the two-day XXII Workshop in International Economics and Finance, at the Bank of Jamaica in downtown Kingston on Monday (March 18).
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses the opening session of the two-day XXII Workshop in International Economics and Finance, at the Bank of Jamaica in downtown Kingston on Monday (March 18).

Country Embarks on Next Phase of Economic Reforms
Chief Executive Officer (CEO) of the PetroCaribe Development Fund (PCDF), Dr. Wesley Hughes, speaks at a JIS ‘Think Tank’ on March 15.
Chief Executive Officer (CEO) of the PetroCaribe Development Fund (PCDF), Dr. Wesley Hughes, speaks at a JIS ‘Think Tank’ on March 15.

CEO says PCDF has Accomplished Mission
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), exchanges greetings with Co-chairman of the Public Sector Transformation Oversight Committee, Danny Roberts (right), at the launch of the inaugural Public Sector Debate Competition at the Spanish Court Hotel in St. Andrew on Thursday (March 14). Looking on (from second left) are Manager, Personnel and Industrial Relations, National Works Agency, David C. Knight; and Executive Director of the Transformation Implementation Unit (TIU) in the Ministry of Finance and the Public Service, Maria Thompson Walters.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), exchanges greetings with Co-chairman of the Public Sector Transformation Oversight Committee, Danny Roberts (right), at the launch of the inaugural Public Sector Debate Competition at the Spanish Court Hotel in St. Andrew on Thursday (March 14). Looking on (from second left) are Manager, Personnel and Industrial Relations, National Works Agency, David C. Knight; and Executive Director of the Transformation Implementation Unit (TIU) in the Ministry of Finance and the Public Service, Maria Thompson Walters.

Dr. Clarke Urges Public-Sector Workers to Embrace Transformation
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (third right) cuts the ribbon to officially open Massy United Insurance (MUI) Limited’s new office in the PanJam building in New Kingston on Wednesday (March 13). Others from left are Chief Commercial Officer, MUI, Mark Sommerville; Chief Executive Officer, MUI Limited, Randy Graham; Branch Manager, Massy United Insurance Jamaica, Winsome Gibbs; Executive Vice President, Massy Group and Chairman, Massy United Insurance, David O’Brien and Country Manager, Massy Jamaica, Peter Graham.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (third right) cuts the ribbon to officially open Massy United Insurance (MUI) Limited’s new office in the PanJam building in New Kingston on Wednesday (March 13). Others from left are Chief Commercial Officer, MUI, Mark Sommerville; Chief Executive Officer, MUI Limited, Randy Graham; Branch Manager, Massy United Insurance Jamaica, Winsome Gibbs; Executive Vice President, Massy Group and Chairman, Massy United Insurance, David O’Brien and Country Manager, Massy Jamaica, Peter Graham.

Finance Minister Welcomes Massy United Insurance Limited to Jamaica

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Opposition Spokesperson on Finance and Planning, Mark Golding, makes his contribution to the 2019/20 Budget Debate in the House of Representatives on March 12
Budget 2019/2020Finance & Public Service

Private Sector Encouraged to Get More Involved in Vocational Training

Opposition Spokesperson on Finance and Planning, Mark Golding, says the private sector should get more involved in the design and execution of vocational training programmes. Making his contribution to the 2019/2020 Budget Debate in the House of Representatives on March 12, Mr. Golding cited as an example, the Associate Degree in Business Process Outsourcing (BPO) Management that was introduced by...
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Director of Economics at the Caribbean Development Bank (CBD), Dr. Justin Ram, addresses the High Level Symposium for Transport Ministers of the Caribbean Region, held recently at the Iberostar Hotel in Rose Hall, St. James.
Finance & Public ServiceTransport

CDB Official Hails Jamaica Junior Market as Model for Financing Blue Economy

Director of Economics at the Caribbean Development Bank (CDB), Dr. Justin Ram, says Jamaica’s Junior Stock Exchange (JSE) stands as a blueprint for how countries across the region could utilise the stock market in raising capital to support the blue economy. He said that a blended finance approach may be adopted in the initial stages of development, involving the private...
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Minister of Finance and the Public Service, Dr. Hon. Nigel Clarke (left), peruses a document along with International Monetary Fund (IMF) Mission Chief for Jamaica, Dr. Uma Ramakrishnan, prior to the start of Friday’s (March 8) Government of Jamaica (GoJ)/IMF joint press conference at the Ministry’s offices in Kingston for the Fifth IMF Precautionary Stand-By Arrangement (PSBA) Review.
Finance & Public Service

Jamaica Meets All Targets Under Fifth IMF PSBA Review

Jamaica has met all targets under the International Monetary Fund’s (IMF) Precautionary Stand-By Arrangement (PSBA) for the period ending December 2018. This is according to Finance and Public Service Minister, Dr. Hon. Nigel Clarke, who indicated the Government’s concurrence with the IMF that Jamaica’s Economic Reform Programme remains strong, consequent on consistent policy implementation. “The Government has met all 22...
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Budget 2019/2020Finance & Public Service

New Fiscal Year Expenditure from Consolidated Fund and Appropriations-in-Aid

Central Government’s $835.9 billion programmed expenditure for fiscal year 2019/20 will be financed from the Consolidated Fund, and Appropriations-in-Aid. Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, says the Consolidated Fund will cover $803.2 billion, with the remaining $32.7 billion coming from Appropriations-in-Aid. He made the announcement while delivering the opening presentation in the 2019/20 Budget Debate in...
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Budget 2019/2020Finance & Public Service

Students’ Loan Bureau Gets $3 Billion

The Government will be providing $3 billion in grant support to the Students’ Loan Bureau (SLB) during the 2019/20 fiscal year, in keeping with the Administration’s focus on increasing access to tertiary education. This was announced by Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, during his opening presentation in the 2019/20 Budget Debate, which got underway in...
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