Public-sector workers have been hailed for their contribution to the country’s positive performance in the 2017-2018 Global Competitiveness Report, which shows that Jamaica is ranked 27 out of 140 countries in labour market efficiency. Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, lauded the workers during the media launch of Civil Service Week...

The House has approved the withdrawal of $223 million from the Capital Development Fund (CDF) to provide budgetary support to the Jamaica Bauxite Institute (JBI) for the 2018/19 financial year. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who moved the Withdrawal Order during the sitting of the House of Representatives on Tuesday (November 13), said...

The Development Bank of Jamaica (DBJ) has provided loans totalling more than $3 billion to fund a wide range of energy projects since 2008. The funds have been allocated from the DBJ’s resources as well as provisions from the PetroCaribe Fund, World Bank and Inter-American Development Bank. Managing Director, Milverton Reynolds, said the beneficiaries include approximately 280 businesses, which were...

The Development Bank of Jamaica (DBJ) has commenced preparations to list Wigton Windfarm Limited on the Jamaica Stock Exchange (JSE). This is in keeping with the Government’s plan for a Public-Private Partnership (PPP) arrangement for the entity’s operations. DBJ Managing Director, Milverton Reynolds, said that listening on the JSE will afford private-sector companies and ordinary individuals the opportunity to invest...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Government is pleased with Jamaica’s successful completion of the fourth International Monetary Fund (IMF) Precautionary Stand-By Arrangement (PSBA) Review. This, following the IMF Executive Board’s consideration and approval of the Review at its meeting on November 5. Consequent on Jamaica passing the fourth PSBA Review, an additional...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Administration is looking to institute the proposed National Disaster Risk Financing Policy ahead of the expiration of the Precautionary Stand-By Arrangement (PSBA) with the International Monetary Fund (IMF) in October 2019. The policy, development of which was approved by Cabinet, aims to position the Government and wider...

Jamaica will be assisting the Republic of Panama in the areas of education, maritime development and community tourism. Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Senator the Hon. Pearnel Charles Jr., made the announcement while speaking at a reception on November 5 at The Jamaica Pegasus hotel in Kingston to observe the 115th anniversary of...