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Prime Minister, Dr. the Most Hon. Andrew Holness (right), shakes hands with outgoing Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, in the House of Representatives on Tuesday (October 29), while other members of the House bang their desks in respect.

Nigel is a Special Resource for Jamaica – PM Holness

Prime Minister, Dr. the Most Hon. Andrew Holness, has hailed outgoing Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, as a “special resource for Jamaica”. Dr. Clarke, who officially demits office on Wednesday (October 30), is...

the Hon. Nigel Clarke, speaks in the House of Representatives today (October 29).

77,000 Jamaicans to Receive Reverse Income Tax Credit This Week

Prime Minister, Dr. the Hon. Andrew Holness, addresses a townhall meeting at Meadowbrook Church of Christ on Monday (October 28).

Residents of Ackee Walk and Jackson Town to Get Land Titles

Chief Fiscal Economist, Ministry of Finance and the Public Service, Terron Francis, addresses a townhall on Jamaica’s Comprehensive Disaster Risk Management Policy at the Girl Guides Association of Jamaica headquarters in St. Andrew on Thursday (October 24).

Gov’t Looking to Develop Additional Disaster Risk Financing Instrument for Jamaica

Logo of Tax Administration Jamaica

Reverse Income Tax Credit Eligible Applications Stands at 260,000

Director General, Planning Institute of Jamaica, Dr. Wayne Henry.

1 year ago DevelopmentFinance & Public ServiceForeign AffairsYouth

PIOJ Director General Encourages Young People to Dream Big

Young people are being encouraged to engage, speak up, listen to others and to dream big to transform lives. Director General of the Planning Institute of Jamaica (PIOJ), Dr. Wayne Henry, made the call at the opening of the United Nations Development Programme (UNDP) 2024 Ready Set Great Youth Conference, on October 17, at the Jamaica Pegasus Hotel in New...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right, standing), observes as Chief Executive Officer, Institute of Fiscal Studies and Democracy (IFSD), Kevin Page (left, seated), and Principal, University of the West Indies (UWI) Mona Campus, Professor Densil Williams (right, seated), sign a Memorandum of Understanding during Tuesday’s (October 22) launch of the UWI’s Fiscal Research Centre Project. The launch and signing took place at the UWI. Also observing the proceedings is Regional Economic Adviser for the Caribbean Country Department at the Inter-American Development Bank (IDB), David Rosenblatt.

1 year ago Finance & Public Service

Gov’t Approves $200M Grant for UWI to Establish Fiscal Research Centre

The Government has approved a $200-million grant for the University of the West Indies (UWI) to facilitate the establishment of a Fiscal Research Centre. This was announced by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who indicated that the provision is “a special grant on top of the usual subvention of $200 million”, adding that...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left, seated), and World Bank Country Director for Latin America and the Caribbean (LAC), Lilia Burunciuc (right, seated), display the signed US$12-million loan agreement for the Kingston Waterfront Improvement Project. Other participants in the proceedings are (from left, standing) General Manager, Finance and Procurement, Jamaica Social Investment Fund (JSIF), Orville Hill; General Manager, Urban Development Corporation (UDC), Robert Honeyghan; JSIF Chairman, Dr. Wayne Henry; Chief Technical Director, Office of the Prime Minister, Shereika Hemmings Allison, and Operations Manager, World Bank, Gail Richardson.

1 year ago Finance & Public Service

Gov’t Signs US$12m World Bank Loan Agreement for Kingston Waterfront Improvement Project

The Government has signed a US$12-million loan agreement with the World Bank Group’s International Bank for Reconstruction and Development (IBRD) for the Kingston Waterfront Improvement (KiWI) Project. The signing ceremony took place on Friday (October 18) at the Ministry of Finance and the Public Service in Kingston. The KiWI Project involves the design and implementation of a modern park along...

Manager of the Loan Servicing Department at the Students’ loan Bureau (SLB), Cheryl Surjue, told a JIS Think Tank on October 17 that borrowers can get a reduction on their interest rate if they maintain a grade point average (GPA) of 2.5 and over.

1 year ago Finance & Public ServiceYouth

SLB Reminds Borrowers of Incentive for Maintaining High GPA

The Students’ Loan Bureau (SLB) is reminding borrowers that there is an incentive for maintaining a high grade point average (GPA) during their period of study. Manager of the SLB’s Loan Servicing Department, Cheryl Surjue, told a JIS Think Tank on October 17 that students who maintain a GPA of 2.5 and over qualify for a reduction in their interest...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, delivers remarks during the launch of the Financial Sector Adjustment Company (FINSAC) Archives at The Jamaica Pegasus hotel in New Kingston on Thursday (October 17).

1 year ago Finance & Public Service

Academic Researchers Encouraged to Examine FINSAC Archives

The Government has indicated that it is prepared to take a long-term approach to ascertaining recommendations from the documents published in the Financial Sector Adjustment Company (FINSAC) Commission Archives. Speaking during the launch of the Archives at The Jamaica Pegasus hotel in New Kingston on Thursday (October 17), Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke,...

Economist in the Ministry of Finance and the Public Service, Keenan Falconer.

1 year ago Finance & Public Service

US$480 Million, 12-Year Bond a Signal of Confidence in Jamaica

Economist in the Ministry of Finance and the Public Service, Keenan Falconer, says the Government’s first structured securitisation transaction in the international capital markets is a sign of confidence by international investors in the quality of Jamaica’s financial instruments. The Government of Jamaica successfully secured US$480 million through the securitisation of assets belonging to the Norman Manley International Airport (NMIA)....

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

1 year ago Finance & Public ServiceParliament

Finance Minister Urges Prudent Management of Overtime Budgets by MDAs

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, is urging ministries, departments and agencies (MDAs) to exercise prudent management of overtime budgets. Addressing the Standing Finance Committee reviewing the First Supplementary Estimates for fiscal year 2024/25 in the House of Representatives on Tuesday (October 15), Dr. Clarke said the way in which compensation arrangements exist now,...