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Fiscal Council to Build on Successes of EPOC

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Government is looking to build on the Economic Programme Oversight Committee’s (EPOC) successes, through the proposed independent Fiscal Council. This, he says, as Jamaica’s prepares to embark...
Prime Minister, the Most Hon. Andrew Holness (right), taking part in a
Prime Minister, the Most Hon. Andrew Holness (right), taking part in a 'fireside' discussion during the Jamaica Investment Forum (JIF) 2018 at the Montego Bay Convention Centre on June 13. He is joined by Founder and Chairman of New Fortress Energy, Wesley Edens (centre). The discussion is being chaired by Group Executive Editor, Loop News, Al Edwards (left). The Forum is being hosted by Jamaica's trade and investment promotions agency (JAMPRO) from June 12 to 14 under the theme: 'Connect for Business'.

PM Says Independent Council Will Ensure Proper Fiscal Management
Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (left), makes a point to Sterling Asset Management Limited’s Managing Director, Charles Ross, during the firm’s annual investor briefing at the Spanish Court Hotel, New Kingston, recently.
Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (left), makes a point to Sterling Asset Management Limited’s Managing Director, Charles Ross, during the firm’s annual investor briefing at the Spanish Court Hotel, New Kingston, recently.

Finance Minister Stresses Focus on Economic Independence
Finance and Public Service Minister, Dr. the Hon. Nigel Clarke (left), in discussion with Sterling Asset Management Limited’s Managing Director, Charles Ross, at the firm’s annual investor briefing, held at the Spanish Court Hotel, New Kingston, on Thursday (June 7).
Finance and Public Service Minister, Dr. the Hon. Nigel Clarke (left), in discussion with Sterling Asset Management Limited’s Managing Director, Charles Ross, at the firm’s annual investor briefing, held at the Spanish Court Hotel, New Kingston, on Thursday (June 7).

Procurement Commission to be Established by Year End
Executive Director for the Public Investment Management Secretariat (PIMSEC), Douglas Levermore, speaking at a recent Jamaica Information Service (JIS) Think Tank at the Agency’s head office in Kingston.
Executive Director for the Public Investment Management Secretariat (PIMSEC), Douglas Levermore, speaking at a recent Jamaica Information Service (JIS) Think Tank at the Agency’s head office in Kingston.

Over 100 Project Managers Trained in Gov’t’s Public Investment Management System

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Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, addresses guests attending Montego Bay Chamber of Commerce and Industry’s quarterly business breakfast meeting, which was held at the Bellefield Great House, Montego Bay, St. James, on Thursday (June 7).
Finance & Public Service

Gov’t Taking Tangible Steps to Improve Public-Sector Governance

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Government will be taking “tangible and consequential” steps to improve public-sector governance in the interest of all Jamaicans.  “In order to preserve the health and legitimacy of the Government in the 21stcentury, we have to ensure that the standards of governance in the public sector are transparent,...
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Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (left), converses with Sterling Asset Management Limited’s Managing Director, Charles Ross, prior to the start of the firm’s annual investor briefing, held at the Spanish Court Hotel, New Kingston, on Thursday (June 7). Dr. Clarke was the keynote speaker.
Finance & Public Service

Finance Minister Says Relationship with IMF Could End Sept. 2019

Jamaica’s borrowing relationship with the International Monetary Fund (IMF) could end when the country’s US$1.6-billion Precautionary Stand-By Arrangement (PSBA) concludes in September 2019. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Government and Fund are of the view that, barring any unforeseen circumstances, “Jamaica will be able to graduate from an IMF (borrowing arrangement) programme”....
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Executive Director of the Public Investment Management Secretariat (PIMSEC), Douglas Levermore, emphasises a point during a JIS Think Tank on May 30.
Finance & Public Service

Robust Use of Public Investment Management System

Approximately 130 projects have been dealt with through the Public Investment Management System (PIMS) under the Ministry of Finance and the Public Service since its implementation in 2014. The web-based system screens project proposals from Ministries, Departments and Agencies (MDAs) to ensure that they are feasible and align with the development objectives of the country. The aim is to strengthen...
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Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (right), converses with NCB Insurance Company Limited’s (NCBIC) Managing Director and Chief Executive Officer, Vernon James, at the entity’s pension fund seminar, held at The Jamaica Pegasus hotel, New Kingston, on Tuesday (May 29). Mrs. Williams was the keynote speaker. The seminar was held under the theme: ‘Governance for Pension Funds: A Jamaican Perspective’.
Finance & Public Service

Minister Emphasises Importance of Sound Pension Governance

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, has emphasised the importance of sound pension governance in safeguarding the interest of persons saving for retirement. Speaking at NCB Insurance Company (NCBIC) Limited’s pension seminar, held at The Jamaica Pegasus hotel, New Kingston, on May 29, the Minister said pension schemes are pivotal in...
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Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (second left), converses with (from left) NCB Insurance Company Limited (NCBIC) executives, Business Development Manager, Desmond Johnson, and Managing Director and Chief Executive Officer, Vernon James; and Jamaica Information Service Director for Human Resources, Bernita Locke, during NCBIC’s pension funds seminar at The Jamaica Pegasus hotel, New Kingston, on Tuesday (May 29). Mrs. Williams was the keynote speaker. The seminar was held under the theme ‘Governance for Pension Funds: A Jamaican Perspective’.
Finance & Public ServiceSocial Security

Private Pensions Industry Can Drive Higher Levels of Growth – Minister Williams

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says the local private pensions industry has the potential to spur higher levels of sustainable economic growth for Jamaica. With assets totalling approximately $521 billion as at December 2017, representing about 25 per cent of gross domestic product (GDP), Mrs. Williams argued that increased pension...
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Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (second left), converses with (from left) NCB Insurance Company Limited (NCBIC) executives, Business Development Manager, Desmond Johnson, and Managing Director and Chief Executive Officer, Vernon James; and Jamaica Information Service Director for Human Resources, Bernita Locke, during NCBIC’s pension funds seminar at The Jamaica Pegasus hotel, New Kingston, on Tuesday (May 29). Mrs. Williams was the keynote speaker. The seminar was held under the theme ‘Governance for Pension Funds: A Jamaican Perspective’.
Finance & Public Service

Government to Proceed With Phase Two Reforms of Pensions Act This Year

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says the Government plans to proceed with phase two reforms to the Pensions Act and the attendant regulations, during the 2018/19 fiscal year. She made the announcement while addressing NCB Insurance Company Limited’s pension funds seminar, which was held at The Jamaica Pegasus hotel, New...
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Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (left), is in discussion with Chief Technical Director of the Financial Investigations Division (FID), Robin Sykes. Occasion was the 15th anniversary celebration of the FID at the University of the West Indies (UWI) Mona Visitors’ Lodge on Tuesday (May 22).
Finance & Public Service

FID Keeping Financial System Safe and Sound – Minister Williams

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, is commending the Financial Investigations Division (FID) on its work over the past 15 years in deterring the use of Jamaica’s economy for money laundering and other financial crimes. She said that the entity is “ensuring that the country’s financial system remains safe and sound...
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