The Bank of Jamaica (BOJ) is currently leading an initiative to develop a centralised electronic Know Your Customer (eKYC) public utility system, which will streamline and simplify the process for opening a bank account. It will also make it easier for every Jamaican wishing to do so to be able to switch their account to the bank offering the best...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, on Monday (July 8) announced that Jamaica’s Tropical Cyclone Policy with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has triggered a payment following the passage of Hurricane Beryl. Dr. Clarke said the Government received a Preliminary Modelled Loss and Policy Payment Report from the CCRIF, which stated that...

The Government remains confident that Jamaica will be able to recover from the dislocation caused during Hurricane Beryl’s passage. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, noted in a statement that while the severe weather system’s path and intensity did not trigger Jamaica’s Catastrophe Bond, there are other contingencies. The Bond is intended to provide...

KINGSTON, July 7 (JIS): There are 41 fewer public bodies operating in Government, says Finance and Public Service Minister, Dr. the Hon. Nigel Clarke. Giving an update on the progress of the Public Sector Transformation Programme during the recent Caribbean Public Sector Financial Management Conference in Kingston, Dr. Clarke noted that in 2016, there were 190 public bodies. “Today, we...

Finance and Public Service Minister, Dr. the Hon. Nigel Clarke, is championing the success of MyHR+ in the public sector. MyHR+ is an integrated human resource and payroll system that is being implemented in the Government service. It is a major component of the Public Sector Transformation Programme. “We have a pillar that's dedicated to the transformation of the human...

We are very fortunate that Hurricane Beryl did not make landfall in Jamaica as the trajectory of the centre of the hurricane Beryl passed 45 miles south of Kingston and continued just off Jamaica’s south coast. Though there was significant damage in sections of the island, in many other parts, including much of Kingston, the ackees and mangoes remain on...

Bank of Jamaica wishes to advise the public that we are working closely with the banks to ensure the restoration of normal banking services in the shortest possible time. However, the absence of utilities across the island, the unavailability of staff due to the dislocation arising from the effects of the hurricane and the inability of the service provider to...