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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), and Managing Director, International Finance Corporation (IFC), Makhtar Diop (centre), sign the Memorandum of Understanding (MOU), formalising the IFC as Jamaica’s strategic advisor on a portfolio of Public-Private Partnership (PPP) projects. Observing the proceedings is IFC Vice President for Europe, Latin America and the Caribbean, Alfonso García Mora.

Gov’t Partners with IFC to Roll Out Portfolio of Multibillion-Dollar Infrastructure Projects

The Government of Jamaica and the International Finance Corporation (IFC) are partnering to deliver a portfolio of infrastructural projects, valued approximately US$2 billion. The partnership was formalised during a Memorandum of Understanding (MOU) signing ceremony at the Ministry of Finance...

Chief Executive Officer, Jamaica Customs Agency (JCA), and Commissioner of Customs, Velma Ricketts Walker.

JCA Strategic Initiatives Underpinning the Entity’s Modernisation Agenda

Minister of Labour and Social Security, Hon. Pearnel Charles Jr., presents a grant cheque to St. Elizabeth resident, Maricka Aiken, during the Rebuild Jamaica Initiative handover ceremony, held at the Ministry’s office in Santa Cruz, on Thursday (August 29).

Hurricane Victims In St. Elizabeth Receive Grants

The Ministry of Finance and the Public Service Logo.

Applications for Tertiary Grants By Public-Sector Parents Close Aug. 30

Applications for the Ambassador’s Scholarship Scheme to study in India will close on August 31.

Applications for Scholarship to Study in India Closes Aug. 31

Dr. the Most Honourable Andrew Michael Holness ON, PC, MP.

2 years ago Finance & Public ServicePress Release

Prime Minister Andrew Holness Takes Immense Pride in Dr. Nigel Clarke’s Appointment

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...

Bank of Jamaica (BOJ) Governor, Richard Byles, addresses journalists during the BOJ’s Quarterly Monetary Policy Report press conference at the Montego Bay Convention Centre on Wednesday (August 21). Listening is BOJ Deputy Governor in charge of Financial Markets and Payments Systems, Natalie Haynes.

2 years ago Finance & Public Service

BOJ Signals Interest Rate Reduction Following Ease in Monetary Policy Stance

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...

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

2 years ago Finance & Public ServicePress Release

Bank of Jamaica Reduces Policy Rate

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;...

A flyer promoting the Betting, Gaming and Lotteries Commission (BGLC) Tertiary Education Grant for the 2024/2025 academic year.

2 years ago EducationFinance & Public ServiceIndustryYouth

BGLC Accepting Applications for Tertiary Education Grant

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....

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke [third left) and Executive Director, Transformation Implementation Unit (TIU), Maria Thompson Walters (right), share a moment with members of the Ministry of Justice’s winning debate team, during the finals of the 2024 Public Sector Debate Competition held on August 7 at The Jamaica Pegasus hotel in New Kingston. The Ministry defeated the Administrator-General’s Department (AGD). The team members (from left) are Demoy Whitely, Joanalee Robertson, Claudia Powell, Payton Patterson and Oschain Haynes.

2 years ago Finance & Public ServiceJustice

Justice Ministry Wins 2024 Public Sector Debate Competition

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...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right), emphasises a point during a courtesy call by President, Japan International Cooperation Agency (JICA), Dr. Akihiko Tanaka, at the Ministry’s office in Kingston on Wednesday (July 31).

2 years ago Finance & Public ServiceUncategorized

PHOTOS: Minister Clarke Receives Courtesy Call from JICA President

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right), emphasises a point during a courtesy call by President, Japan International Cooperation Agency (JICA), Dr. Akihiko Tanaka, at the Ministry’s office in Kingston on Wednesday (July 31).

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left), and Japan International Cooperation Agency (JICA) President, Dr. Akihiko Tanaka (second right), display the signed Memorandum of Cooperation (MOC) that will promote collaboration in the areas of disaster risk management, climate change, security and economic development. The signing ceremony was held at the Ministry of Finance and the Public Service in Kingston on Wednesday (July 31). Sharing the moment (from left) are State Minister in the Ministry of Foreign Affairs and Foreign Trade, Hon. Alando Terrelonge; and Ambassador of Japan to Jamaica, His Excellency Yasuhiro Atsumi.

2 years ago Finance & Public Service

Jamaica and JICA Sign Cooperation Agreement

The Government has signed a Memorandum of Cooperation (MOC) with the Japan International Cooperation Agency (JICA) to promote collaboration in the areas of disaster risk management, climate change, security and economic development. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, and JICA President, Dr. Akihiko Tanaka, signed the agreement at the Ministry’s National Heroes Circle offices...