Minister of Labour and Social Security, Hon. Pearnel Charles Jr. (left), engages in conversation with Human Development Programme Leader for Latin America and the Caribbean at the World Bank Group, Emre Özaltın, during a recent courtesy call at the Ministry’s North Street offices in Kingston. The discussions focused on the Social Protection for Increased Resilience and Opportunity (SPIRO) Project, which...

The Government has allocated funds for the construction of revetments in Buff Bay, Portland and Annotto Bay, St. Mary to protect the coastal towns from storm surges. The works will be done under the Enhancing the Resilience of the Agricultural Sector and Coastal Areas project, which has been allocated approximately $441.5 million in the 2024/25 Estimates of Expenditure, now before...

A budgetary allocation of just over $1.5 billion has been made to complete the Southern Plains Agricultural Development Project in the upcoming fiscal year. The sum is contained in the 2024/25 Estimates of Expenditure now before the House of Representatives. The project, which began in 2019, is slated to end in December 2024. It aims to provide access to irrigation...

The Government has allocated approximately $225 million to increase Jamaica’s resilience to climate change and reduce poverty through the implementation of an Integrated and Sustainable Landscape Management Methodology. Details of the provision are contained in the 2024/25 Estimates of Expenditure, tabled recently in the House of Representatives by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke....

More than $359 million has been earmarked to continue Global Services Skills (GSS) Project implementation during fiscal year 2024/25. The Project aims to promote the Global Services Sector’s (GSS) growth in Jamaica, particularly in higher value-added segments. It specifically intends to provide the sector with better skilled workers and increase Jamaica’s institutional capacity to attract Foreign Direct Investments (FDIs) and...

The annual Budget Debate is slated to take place in March, and the Ministry of Finance and the Public Service is on a mission to get all Jamaicans to pay attention to details of the presentations. The Budget outlines the Government’s planned fiscal year expenditure on projects and services programmed for implementation and delivery. A total of $1.3 trillion is...

The Bank of Jamaica’s (BOJ) Monetary Policy Committee (MPC) is maintaining heightened surveillance of risks to the inflation outlook. The MPC will, additionally, base its future monetary policy decisions on incoming data related to the strength of potential risks to the projected inflation outturns. This was disclosed by BOJ Governor, Richard Byles, during the Central Bank’s recent Quarterly Monetary Policy...