The Bank of Jamaica (BoJ), on Friday (February 1), sold an additional US$30 million to authorised dealers and cambios, via the BoJ’s Foreign Exchange Intervention and Trading Tool (B-FXITT). This follows the sale of an initial US$20 million, both of which, according to a statement from the Bank, were aimed at “offsetting the effects of excessive daily volatility in the...

The Bank of Jamaica (BoJ) has announced the appointment of two new Deputy Governors. In a statement on Tuesday (January 29), the BoJ said Chief of its Banking and Market Operations Division, Natalie Haynes, and the institution’s Supervision Evaluation Expert, E. George Roper, have been promoted to the Executive Management Team, effective February 18, 2019. In her new position, Mrs....

The Ministry of Finance and the Public Service will be taking ‘Boots to Street’ to Liguanea in Kingston, on Wednesday, January 30, to heighten awareness of its role, and to inform regular citizens how they can achieve financial independence. Minister without Portfolio in the Ministry, Hon. Fayval Williams, will be a part of the contingent, helping to reinforce the Ministry’s...

Members of the Economic Growth Council (EGC) are confident that Jamaica’s economy will continue to improve on conclusion of the Precautionary Stand-By Arrangement with the International Monetary Fund (IMF) later this year.  They point to the disciplined manner in which the Government is managing affairs in order to ensure that there is no reversal to a borrowing arrangement, once the current programme...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government is resolute in its mission to create an ownership economy characterised by the inclusive participation of Jamaicans at all levels. He said that among the strategies being undertaken in this regard is the privatisation of State assets through the Jamaica Stock Exchange (JSE). “What we are doing with...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says further buildout of Jamaica’s global services sector (GSS) by the Government over the next five years will generate significant job and skills training opportunities for women and youth in particular. The Administration has secured a US$15-million 24-year loan from the Inter-American Development Bank (IDB) to implement the Skills...

Prime Minister, the Most Hon. Andrew Holness, has lauded the Jamaica Stock Exchange (JSE) for being declared the Best Performing Stock Market globally in 2018 by Bloomberg Businessweek. This was highlighted in a January 18 article, titled, ‘Welcome to Jamaica: Home of the World’s Best Performing Stock Market’. Speaking at the JSE’s just-concluded 14th Regional Investments and Capital Markets conference...