The Government plans to develop a public procurement catalogue, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.  This undertaking, to be spearheaded by the Ministry, will enable greater efficiency across the civil service when procuring items for use and is part of the wider rollout of shared services in government.  Dr. Clarke made the announcement...

The Bank of Jamaica (BOJ) has advised that the country’s declining inflation rate is expected to be temporarily interrupted, but projected to return to the BOJ’s target range thereafter. The inflation rate in April was 5.3 per cent, which is within the Bank’s four to six per cent target range and lower than the out-turn for March. Addressing the Central...

The Bank of Jamaica (BOJ) is reporting that 87 per cent of notes in circulation are the new polymer currency. The new series of polymer Jamaican banknotes comprise upgraded $50, $100, $500, $1,000 and $5,000 notes, and the newly introduced $2,000 bill. “Over time, the old notes are being redeemed at Bank of Jamaica. I had said some time ago...

The Ministry of Finance and the Public Service is reminding contractors that the Procurement Review Board exists to hear grievances in relation to matters of procurement. Chief Public Procurement Officer at the Ministry of Finance and the Public Service, Andrei Bennett, told JIS News that the body is a quasi-judicial tribunal that was established by the Public Procurement Act. “It’s...

The stage is set for the third Public Sector Debate Competition, which promises to be bigger and better than before, with increased participation and prizes. The competition, spearheaded by the Transformation Implementation Unit (TIU), Ministry of Finance and the Public Service, in partnership with the Jamaican Association for Debating and Empowerment Limited (JADE), was launched on Wednesday (May 15), at...

Minister of State in the Ministry of Finance and the Public Service, Hon Zavia Mayne, says the Jamaica Customs Agency (JCA) is investing heavily in the expansion of its digital ecosystem to provide quality service. Speaking at the 26th Regional Conference of Customs Directors General of the Americas and the Caribbean, at the Hilton Hotel, St. James, on May 13,...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has informed that the current inflation target for the Bank of Jamaica will remain at four to six per cent. Dr. Clarke made the announcement during a statement to the House of Representatives on Tuesday (May 7). He explained that the process for setting and renewing the target...