Public-sector workers who wish to apply for tertiary grants for their children have until 5:00 p.m. on August 30 to do so. The grants, which cover tuition only up to $150,000 for the current academic year, are made available to public-sector workers who are permanently appointed or temporarily employed with at least two years’ continuous service and contract workers with...

Applications for the Ambassador’s Scholarship Scheme to study in India will close on August 31. The scheme offers up to 100 per cent scholarship on tuition for 10 eligible Jamaican nationals to pursue undergraduate and postgraduate programmes at a university. The application, which can be made through the Ministry of Finance and the Public Service via its website, is offered...

Today, the Managing Director of the International Monetary Fund (“IMF”) announced to the IMF’s Executive Board, her proposal to appoint Dr. the Hon. Nigel Clarke, Minister of Finance and the Public Service, to the position of Deputy Managing Director of the IMF, effective October 31, 2024. This is a historic and important development in which I take immense pride. The...

The Bank of Jamaica (BOJ) has signalled to commercial banks and other deposit-taking institutions (DTIs) that interest rates are on a downward path. For the first time since October 2022, the BOJ’s Monetary Policy Committee (MPC) has decided to cautiously ease its monetary policy stance. Effective Wednesday (August 21), the Central Bank’s indicative policy interest rate was reduced by 25...

Bank of Jamaica’s (BOJ’s) Monetary Policy Committee (MPC), at its meetings on 16 and 19 August 2024, assessed that the prevailing economic environment is conducive to a further cautious easing of its monetary policy stance and unanimously agreed to: (i) reduce the policy rate by 25 basis points (bps) to 6.75 per cent per annum, effective Wednesday, 21 August 2024;...

The Betting, Gaming and Lotteries Commission (BGLC) is accepting applications for its Tertiary Education Grant, for the 2024/2025 academic year. The grant is available to full-time third or fourth-year undergraduates who are enrolled at an accredited local tertiary institution and have a grade point average (GPA) of at least 3.0. Forty successful applicants will receive $100,000 each towards their tuition....

The Ministry of Justice is the winner of the 2024 Public Sector Debate Competition. The five-member team defeated the Administrator-General’s Department (AGD) at the finals held on Wednesday (August 7) at The Jamaica Pegasus hotel in New Kingston, walking away with the champion’s trophy and prizes valued at more than $800,000, including a $500,000 cash prize and individual trophies. Each...