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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, says the prospects for the Jamaican economy are positive, and the Bank projects continued recovery in economic activity. “The expected growth predominantly reflects an improvement in net external demand, buoyed by...

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 Shaw Endorses Proposed Jamaica Social Stock Exchange

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's fundraising black-tie gala held recently at Hanover Manor, East Hanover, New Jersey.

Jamaica’s Economy Moving in Right Direction – Ambassador Marks

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’.

Public-Sector Workers Lauded

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

7 years ago Finance & Public Service

House Approves $223-Million Withdrawal from Capital Development Fund

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...

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.

7 years ago 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...

7 years ago 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...

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.

7 years ago 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...

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.

7 years ago 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...

Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Senator the Hon. Pearnel Charles Jr. (right), speaks with Ambassador of the Republic of Panama, His Excellency Alexis Eduardo Sandoval Cajar (centre) and his wife, Yomaris Franco de Sandoval (right), at a reception held on Monday (November 5) at The Jamaica Pegasus hotel in Kingston, to observe the 115th Anniversary of Panama’s Independence Day.

7 years ago DevelopmentEducationFinance & Public ServiceTourism

Jamaica and Panama to Cooperate in Education, Tourism and Maritime Development

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...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left) is greeted by Resident Representative, Japan International Cooperation Agency (JICA), Kenji Tobita (right) at the celebration of the 20th anniversary of the JICA Alumni Association in Jamaica at the Knutsford Court Hotel in New Kingston on November 3. Others from left are: Japanese Ambassador to Jamaica, His Excellency Hiromasa Yamazaki and President, JICA Alumni Association in Jamaica, Lenroy James.

7 years ago Finance & Public ServiceForeign AffairsVision 2030

Over 600 Jamaicans Benefit from Training in Japan

Over 600 Jamaican officers and engineers, mainly from public-sector entities have benefited from technical training programmes in Japan. The sectors for training are wide and varied to support the socio-economic development of Jamaica. These sectors vary from year to year based on the priority areas of cooperation between Japan and Jamaica as well as in accordance with the Government’s Vision...