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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses Tuesday’s (April 23) opening of the Elevate Procurement Conference at the Montego Bay Convention Centre in Rose Hall, St. James.

Finance Minister Underscores Importance of Public Procurement Regime Revisions

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, has reaffirmed and underscored the significance of the incoming amendments to the Public Procurement Act 2015 and Regulations, which are aimed at enhancing the efficiency and effectiveness of...

Bank of Jamaica (BOJ) Senior Deputy Governor, Dr. Wayne Robinson (left), outlines details of the new BOJ Automated Banking Machines (ABM) Service-Level Standards for Deposit-Taking Institutions (DTIs), during a Jamaica Information Service (JIS) interview. Listening is BOJ Deputy Governor with responsibility for the Central Bank’s Financial Institutions Supervisory Division, Dr. Jide Lewis.

Comprehensive Market Conduct And Consumer Protection Framework To Be Developed For Financial Sector

The Office of Public Procurement of the Ministry of Finance and the Public Service will be staging their inaugural Elevate Procurement Conference from April 23 to 25 at the Montego Bay Convention Centre in St. James.

Elevate Procurement Conference Gets under way on April 23

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

SLB to Strengthen Client Engagement Strategies

Logo of Tax Administration Jamaica

TAJ Develops Technical Advisory for Revised Income Tax Threshold and Pension Exemptions

2 years ago Finance & Public Service

NIF Plans to Increase Net Assets

The National Insurance Fund (NIF) plans to increase its net assets through the prudent management of the investment portfolio mix. As stated by the Ministry of Finance and the Public Service (MFPS) in the 2024/25 Jamaica Public Bodies’ Estimates of Revenue and Expenditure, the increase will be achieved through participation in opportunities that allow for the maximum growth potential and...

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

2 years ago Climate ChangeDevelopmentEnvironmentFinance & Public ServiceForeign AffairsPress Release

Jamaica, International Financial Institutions, Donors Collaborate on Establishing a Programmatic Approach to Finance Climate Needs

The Government of Jamaica (GOJ), the Development Bank of Jamaica, the Green Climate Fund (GCF), Inter-American Development Bank (IDB), the World Bank Group, European Investment Bank as part of Team Europe, USAID, and the United Kingdom, are discussing a framework to establish a ‘Blue Green Facility’ –a blended financing structure–of up to USD 500 million over five years, which would...

The Bank of Jamaica (BOJ), located in downtown Kingston, Jamaica.

2 years ago Finance & Public ServicePress Release

Bank of Jamaica Takes Note of Inflation Reduction to the Target Range

Bank of Jamaica has taken note of the inflation outturn at March 2024 as released by the Statistical Institute of Jamaica (STATIN) on April 15, 2024. The 12-month point-to-point inflation (March 2023 to March 2024) was 5.6 per cent, which is within the Bank’s target range. The Bank welcomes the reduction in headline inflation, which was 0.6 percentage points lower...

2 years ago Finance & Public Service

2024 National Budget School Tour Gets under way April 9

The Ministry of Finance and the Public Service (MOFPS) will be kicking off its 2024 National Budget Secondary School Tour on April 9 at St. Catherine High School. Education and Youth Minister, Hon. Fayval Williams, and State Minister in the MOFPS, Hon. Zavia Mayne, are scheduled to attend the launch, which will begin at 8:30 a.m. Presentations will be made...

2 years ago Finance & Public Service

Public Procurement Process Guided by Four Basic Principles

Persons seeking to provide services to the Government are being reminded that the public procurement process is guided by four basic principles. Chief Public Procurement Policy Officer at the Ministry of Finance and the Public Service, Andrei Bennett, explained to JIS News that the principles exist to provide a level playing field for all bidders on government contracts. “The principle...

2 years ago Finance & Public ServiceIndustry

2024/25 Property Tax Due

Tax Administration Jamaica (TAJ) is advising property owners that its system is now updated to reflect Property Tax liabilities for the 2024/25 period, which became due on April 1, 2024. This means that property owners have until April 30, 2024 to pay the unchanged tax amounts online and/or in line without the possibility of any penalty being applied, using a...

2 years ago Finance & Public Service

BOJ Issues ABM Service Standards for Deposit-Taking Institutions

Bank of Jamaica (BOJ) has issued new service-level standards as guidelines for the operation of Automated Banking Machines (ABMs) by deposit-taking institutions (DTIs) which are regulated by BOJ. The new standards were issued on April 2 and DTIs have a nine-month transition period to bring themselves into conformity with the guidelines, given the far-reaching nature of the service-level standards. Compliance...