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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (centre), in discussion with Commissioner of Customs, Jamaica Customs Agency, Velma Ricketts Walker (left) and Country Manager, World Bank, Galina Sotirova, at a stakeholder consultation on the legislative reform for the repeal and replacement of the Customs Bill, at the Shipping Association of Jamaica offices, Newport West, Kingston, on November 19.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (centre), in discussion with Commissioner of Customs, Jamaica Customs Agency, Velma Ricketts Walker (left) and Country Manager, World Bank, Galina Sotirova, at a stakeholder consultation on the legislative reform for the repeal and replacement of the Customs Bill, at the Shipping Association of Jamaica offices, Newport West, Kingston, on November 19.

Finance Minister Says Modernised Customs Legislation Will Improve Ease of Doing Business

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the modernised Customs legislation will create an environment that facilitates greater trading opportunities while improving the ease of doing business in the 21st century. Dr. Clarke was...
Governor of the Bank of Jamaica (BOJ), Brian Wynter, emphasises a point at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.
Governor of the Bank of Jamaica (BOJ), Brian Wynter, emphasises a point at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.

Exchange Rate Continues to Show Flexible Two-Way Movements
Governor of the Bank of Jamaica (BOJ), Brian Wynter, addresses the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.
Governor of the Bank of Jamaica (BOJ), Brian Wynter, addresses the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.

BOJ Governor Says Prospects for Economy Positive
Governor of the Bank of Jamaica (BOJ), Brian Wynter, emphasises a point at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.
Governor of the Bank of Jamaica (BOJ), Brian Wynter, emphasises a point at the quarterly monetary policy report press conference, held at the Bank’s downtown Kingston offices on November 19. At right is Deputy Governor, BOJ, Livingstone Morrison.

Inflation Back on Target – BOJ
Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (right), converses with (from left) Head of the European Union Delegation to Jamaica, Belize, Turks and Caicos Islands, Bahamas and the Cayman Islands, Ambassador Malgorzata Wasilewska, and Jamaica Stock Exchange (JSE) Managing Director, Marlene Street Forrest, during a Jamaica Social Stock Exchange (JSSE) stakeholder sensitization luncheon, hosted by the JSE at the Terra Nova Hotel in St. Andrew on Friday (Nov. 16).
Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (right), converses with (from left) Head of the European Union Delegation to Jamaica, Belize, Turks and Caicos Islands, Bahamas and the Cayman Islands, Ambassador Malgorzata Wasilewska, and Jamaica Stock Exchange (JSE) Managing Director, Marlene Street Forrest, during a Jamaica Social Stock Exchange (JSSE) stakeholder sensitization luncheon, hosted by the JSE at the Terra Nova Hotel in St. Andrew on Friday (Nov. 16).

Minister Shaw Endorses Proposed Jamaica Social Stock Exchange

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Jamaica’s Ambassador to the United States, Her Excellency Audrey Marks (centre), proudly displays her 2018 HELP Jamaica Medical Mission Distinguished Presidential Award. She is flanked by Humanitarian awardee Dr. Leon Dick (left); and Community Service awardee, CEO of East Orange General Hospital, Paige Dworak. Occasion was HELP Jamaica Medical Mission
DevelopmentFinance & Public Service

Jamaica’s Economy Moving in Right Direction – Ambassador Marks

Ambassador to the United States, Her Excellency Audrey Marks, says Jamaica’s economy is moving in the right direction, with positive developments in a number of areas. Ambassador Marks, who was delivering the keynote address at the 8th annual fundraising gala of HELP Jamaica Medical Mission in New Jersey recently, noted that the unemployment rate has dropped to a 50-year low...
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Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, addresses the media launch of Civil Service Week 2018, today (November 14) at Jamaica House. The Week will be observed from November 18 to 24 under the theme ‘Committed to Sustainable Growth and Development’.
Finance & Public Service

Public-Sector Workers Lauded

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...
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Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds (left), converses with JN Fund Managers Deputy General Manager, Jermaine Deans, during Tuesday’s (November 13) Caribbean Renewable Energy Forum at the Spanish Court Hotel in New Kingston. The forum was jointly hosted by JN Fund Managers Limited, and German asset and investment management firm, MPC Capital.
EnergyFinance & Public Service

DBJ Has Provided Over $3 Billion for Energy Projects

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...
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Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds (left), converses with JN Fund Managers Deputy General Manager, Jermaine Deans, during Tuesday’s (November 13) Caribbean Renewable Energy Forum at the Spanish Court Hotel in New Kingston. The forum was jointly hosted by JN Fund Managers Limited, and German asset and investment management firm, MPC Capital.
Finance & Public Service

Preparations under Way to List Wigton Windfarm on Stock Market

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...
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Regarding the additional US$226 million now available to the country with the passing of the fourth PSBA Review, the Minister said that “this puts us in a very strong position”, in the event Jamaica needs additional funding support to counter domestic or exogenous shocks.
Finance & Public Service

Economic Conditions Have Never Been Better

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...
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Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (left), converses with (from second left), Canada’s High Commissioner to Jamaica, Her Excellency Laurie Peters; Head of the European Union Delegation to Jamaica, The Bahamas, and Turks and Caicos Islands, Ambassador Malgorzata Wasilewska; and World Bank Vice President, Jorgé Familiar, during Wednesday’s (November 7) public forum at The Jamaica Pegasus hotel in New Kingston, under the theme ‘Facing the Fiscal Risk of Natural Disasters’. The forum was jointly hosted by the Finance and the Public Service Ministry and the World Bank.
Finance & Public Service

National Disaster Risk Financing Policy Should be in Place Next Year

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...
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