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Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (left), engages in discussion with (from second left) incoming Bank of Jamaica (BOJ) Governor, Richard Byles; International Monetary Fund (IMF) Resident Representative for Jamaica, Dr. Constant Lonkeng Ngouana; and Senior Deputy Governor, John Robinson. Occasion was Wednesday’s (July 24) Foreign Exchange Market Development Symposium at the BOJ Auditorium in downtown Kingston. The event was jointly staged by the Finance Ministry and the Central Bank.

Movement in Currency Based on Demand and Supply – Dr. Clarke

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the movement in the Jamaican currency is a function of demand and supply associated with a flexible exchange rate regime. He noted that while “we were conditioned to...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (right), greets International Monetary Fund (IMF) Resident Representative for Jamaica, Dr. Constant Lonkeng Ngouana, during Wednesday’s (July 24) Foreign Exchange Market Development Symposium at the Bank of Jamaica (BOJ) Auditorium in downtown Kingston. The event was jointly staged by the Finance Ministry and BOJ. Looking on is Central Bank Deputy Governor, John Robinson.

Jamaica Could Borrow in Domestic Currency within Five Years

Minister without Portfolio with responsibility for Education, Youth and Information, Hon. Karl Samuda, addresses today’s (July 24) post-Cabinet press briefing at Jamaica House.

Finance Ministry to Design Fee Structure for Members of Integrity Commission

Founding member of First Angels Jamaica Limited, Sandra Glasgow (centre), having a light exchange with President of the Rotary Club of St. Andrew, Audley Deidrick (right), at a meeting of the club, held at the Hotel Four Seasons in St. Andrew on Tuesday (July 23). Mrs. Glasgow was guest speaker at the event. At left is Past President of the club, Lloyd Eubank-Green.

Angel Investor Welcomes Sidecar Fund

International Monetary Fund (IMF) Resident Representative in Jamaica, Dr. Constant Lonkeng Ngouana, addresses the weekly meeting of the Rotary Club of St. Andrew, at Hotel Four Seasons on Tuesday (July 16).

Resident Rep of IMF Encouraged By Efforts to Spur Higher Levels of Growth

(FILE) Mayor of Montego Bay and Chairman of the St. James Municipal Corporation, Councilor Homer Davis, speaking at a training session and launch of the Corporation’s Local Economic Development (LED) Programme at the Montego Bay Cultural Centre in St. James, Thursday (June 27).

7 years ago EntertainmentFinance & Public Service

Montego Bay Expected to Generate US$12 Million from Sumfest

Business leaders and tourism stakeholders in Montego Bay are expecting a major financial boost from the staging of the annual Reggae Sumfest. The event is being held over seven days, from July 14 to 20, and will be highlighted by a stage show on July 19 and 20 at Catherine Hall. Montego Bay’s Mayor, Councillor Homer Davis, told JIS News...

International Monetary Fund (IMF) Resident Representative in Jamaica, Dr. Constant Lonkeng Ngouana (left), converses with President of the Rotary Club of St. Andrew, Audley Diedrick, during the club’s weekly meeting at Hotel Four Seasons on Tuesday (July 16).

7 years ago Finance & Public ServiceForeign Affairs

IMF’s Jamaica Office to Remain Open

The International Monetary Fund (IMF) will maintain operations at its Jamaica office beyond November, when the country officially concludes its current arrangement with the organisation. Resident Representative, Dr. Constant Lonkeng Ngouana, said while it is the norm for the IMF to close its local office when its programme with a country ends, the decision to maintain the Jamaica office for...

Minister of Labour and Social Security, Hon. Shahine Robinson, makes her contribution to the 2019/20 Sectoral Debate in the House of Representatives on July 9. At left is Minister without Portfolio in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. J.C. Hutchinson.

7 years ago Finance & Public ServiceSectoral Debate 2019/2020Social Security

NIF Net Asset Value Grows to $120.7 Billion

Minister of Labour and Social Security, Hon. Shahine Robinson, says the net asset value of the National Insurance Fund (NIF) stood at $120.7 billion as at March 31, 2019, which is an increase of 13.67 per cent over financial year 2018. She said that the growth was driven primarily by the performance of the equity portfolio, which grew by 31.3...

General Manager, Urban Development Corporation, Heather Pinnock (fourth left), listens to Executive Director, National Integrity Action, Professor Trevor Munroe (second right), at PricewaterhouseCoopers (PwC) Jamaica’s Governance and Transparency Seminar, at The AC Marriott Hotel in Kingston, on Friday (July 12). Also listening (from left) are: Co-Chair, Anti-Fraud Committee, Jamaica Bankers Association, Lloyd Parchment; Partner, PwC, Jessica Shannon; Territory Leader, PwC, Leighton McKnight, and Modernisation of the State Specialist, Inter-American Development Bank, Francesco De Simone.

7 years ago Finance & Public Service

PHOTOS: PwC Seminar

General Manager, Urban Development Corporation, Heather Pinnock (fourth left), listens to Executive Director, National Integrity Action, Professor Trevor Munroe (second right), at PricewaterhouseCoopers (PwC) Jamaica’s Governance and Transparency Seminar, at The AC Marriott Hotel in Kingston, on Friday (July 12). Also listening (from left) are: Co-Chair, Anti-Fraud Committee, Jamaica Bankers Association, Lloyd Parchment; Partner, PwC, Jessica Shannon; Territory Leader, PwC,...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.

7 years ago Finance & Public ServiceLocal Government

Gov’t Building Financial Resilience Against Disasters

The Government is putting strategies in place to better plan for and finance damage and losses resulting from natural disasters. Among the measures is implementation of the public financial management policy for natural disaster risk, which will provide the country with funds in the event of a disaster. It will include, among other things, accumulating fiscal savings in the Contingencies...

Finance and the Public Service Minister, Dr. the Hon, Nigel Clarke (right), is in discussion with University of the West Indies (UWI) Pro-Vice Chancellor for Global Affairs, Ambassador Dr. Richard Bernal (left), following the opening ceremony for the Mona School of Business and Management’s (MSBM) three-day business and management conference, at The Jamaica Pegasus hotel in New Kingston on Wednesday (July 10). Listening (from second left) are Country Managing Partner and Tax Partner, Ernst and Young Jamaica, Allison Peart; Conference Chair, Dr. Indianna Minto-Coy; and Special Advisor to the UWI’s Vice Chancellor on Resource Development, Minna Israel.

7 years ago Finance & Public ServiceSectoral Debate 2019/2020

Research Funds to Finance Entrepreneurial Activities

The $200 million allocated by the Government for research is expected to be used to finance business and entrepreneurial programmes at tertiary institutions taking up the offer. The funds, earmarked in the 2019/20 Budget, are part of the Administration’s thrust to drive entrepreneurship through research and development. “We will rely on you (tertiary institutions) to run the transparent research application...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (right), in discussion with Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds, following the opening ceremony for the Mona School of Business and Management’s (MSBM) three-day business and management conference, at The Jamaica Pegasus hotel in New Kingston on Wednesday (July 10).

7 years ago Finance & Public Service

Gov’t Seeks IDB Support to Commercialise Academic Research

The Government is in discussions with the Inter-American Development Bank (IDB) for the provision of technical support in building Jamaica’s capacity to commercialise research done by local tertiary institutions. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, said that the move is aimed at facilitating innovation in driving entrepreneurship. He was addressing the opening ceremony for the...