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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.

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...

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.

National Disaster Risk Financing Policy Should be in Place Next Year

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.

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

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.

Over 600 Jamaicans Benefit from Training in Japan

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (left), greets Vice Chairman, Government of Jamaica Audit Commission, Collin Greenland, during the annual Audit Committees’ Conference at The Knutsford Court Hotel in New Kingston on Wednesday (October 31). The event was held under the theme: ‘Audit Committees: Combatting Corruption, Promoting Transparency’.

Collective Efforts Needed To Fight Corruption – Minister Williams

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8 years ago Finance & Public ServiceVision 2030

Jamaica Customs – Makes Strides in Key Areas of Governance: Surpasses Revenue Targets in first two quarters of 2018/19 FY

The Jamaica Customs Agency (JCA) stands firmly on its motto: “Country Above Self” and its core values of Customer-centricity, Accountability, Professionalism, Integrity and Transparency (CAPIT), and remains committed to its mandates of facilitating trade, protecting Jamaica’s borders and collecting revenue on behalf of the Government of Jamaica. The JCA has sought ways to improve its overall efficiency as a public...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (left) listens attentively to a point made by LatinFinance’s Chief Executive Officer, Taimur Ahmad, at the third Caribbean Finance and Investment Forum, at The Jamaica Pegasus hotel in New Kingston on November 1.

8 years ago Finance & Public Service

90 Per Cent of Loans from China to be Repaid in 10 Years

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says 90 per cent of outstanding debt to the Export-Import (EXIM) Bank of China will be repaid in 10 years. Dr. Clarke informed that 99 per cent of the loans secured from China on behalf of Jamaica are at fixed interest rates of two and three per cent, which...

8 years ago Finance & Public Service

Unemployment Falls to Record Low of 8.4 Per Cent

The country’s unemployment rate has fallen to a new record low of 8.4 per cent, according to the Statistical Institute of Jamaica (STATIN) Labour Force Survey for July 2018. This out-turn is 1.3 per cent lower than the 9.7 per cent recorded for the April 2018 Survey. It is also 2.9 percentage points lower than the rate of 11.3 per...

Director General of the Statistical Institute of Jamaica (STATIN), Carol Coy, addresses JIS ‘Think Tank’, recently.

8 years ago Finance & Public Service

Businesses Encouraged to Cooperate with STATIN Field Officers

The Statistical Institute of Jamaica (STATIN) is urging businesses to cooperate with field officers conducting the Jamaica Survey of Establishments (JSE). Since July, STATIN field officers have been visiting businesses across the island to collect basic information on the number and types of entities in operation. The data-collection phase of the survey will be completed at the end of November....

Statistical Institute of Jamaica (STATIN) Director General, Carol Coy, speaking at a Jamaica Information Service Think Tank.

8 years ago Finance & Public Service

STATIN to Host Statistics Stakeholder Workshop

Ministries, departments and agencies (MDAs) of Government involved in the production and dissemination of statistics will participate in a workshop from October 30 to November 1 at The Jamaica Pegasus hotel in New Kingston. Spearheaded by the Statistical Institute of Jamaica (STATIN), the three-day event will also include persons from academia, the private sector and other major users of statistics....

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (centre), engages with Bustamante Industrial Trade Union (BITU) President, Senator Kavan Gayle (right); and Sagicor Chairman, Richard Byles, at the 2018 Productivity and Continuous Improvement Conference hosted by Make Your Mark Consultants (MYMC), at The Jamaica Pegasus hotel in New Kingston on October 24.

8 years ago Finance & Public Service

Increased Productivity Helps Keep Inflation Low – Minister Williams

Minister without Portfolio in the Finance and the Public Service Ministry, Hon. Fayval Williams, is emphasising the importance of increased productivity in staving off potential inflationary pressures. She said that low productivity results in “cost increases that flow through to product prices and thereby raised inflation”. “For a country, productivity growth is important because being able to provide more goods...

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

8 years ago Finance & Public Service

Joint Select Committee to Consider and Reporton BOJ Act

A Joint Select Committee of Parliament has been established to consider and report on the Bank of Jamaica (Amendment) Act 2018. The Committee will be chaired by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. Other members include Minister of Justice, Hon. Delroy Chuck; Minister without Portfolio in the Ministry of Finance and the Public Service,...