Prime Minister, the Most Hon. Andrew Holness, says consideration is being given for Jamaica to participate in the first cohort of countries to be measured in the World Bank Group’s Human Capital Index. Speaking at a conference of local Executive Management, Heads of Mission and Consular posts, at The Jamaica Pegasus hotel in New Kingston on October 9, he emphasised...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the proposed Microcredit Act will be tabled in the Houses of Parliament in the next financial year, 2019/20. “Certainly, I am hoping for the first half of the next financial year that the Microcredit Act will be tabled and debated,” he said. Dr. Clarke was speaking at the...

The Inter-American Development Bank (IDB) says Jamaica continues to make strong economic progress, with the country’s economy poised to generate continued growth. According to the Lead Economist at the organisation, Dr. Henry Mooney, the significant strides made by the Government over the last few years have ensured macroeconomic stability and fiscal sustainability, and facilitated economic expansion. He was speaking Thursday...

The House of Representatives on Tuesday (October 2) approved the first Supplementary Estimates for the 2018/19 fiscal year. This means that the Government will be spending an additional $17.42 billion for this financial year. The Estimates show that the budget has been increased from $773.68 billion to $791.11 billion. Recurrent (housekeeping) expenses have moved from $560.04 billion to $572.46 billion,...

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says Jamaica is taking steps to increase its voice in the Caribbean on matters relating to the financial sector. In that regard, Mrs. Williams is to head a Jamaican delegation to the Caribbean Financial Action Task Force (CFATF) to accelerate the country’s representation to the...

Livingstone Morrison’s 36 years of dedicated service to the Bank of Jamaica (BOJ), including his contribution to the reform of the nation’s payment systems has been singled out for recognition by the Government of Jamaica. He will receive the Order of Distinction (Commander Class) at the National Honours and Awards Ceremony to be held on National Heroes Day, October 15....

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says that as Jamaica’s debt is reduced, more opportunities will become available, particularly for local private investments. Speaking at the Private Sector Organisation of Jamaica (PSOJ) annual economic forum held recently at The Jamaica Pegasus hotel in New Kingston, the Minister said developments associated with ongoing debt reduction and...