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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, emphasises a point at the 54th annual monetary studies conference at the Bank of Jamaica, downtown Kingston, on November 1. At right is Governor, Bank of Jamaica, Richard Byles.

Measures in Place to Fund Emergency Costs Associated with Natural Disasters

The Government has put in place measures for the funding of emergency costs associated with natural disasters that involve billions of dollars. Speaking at the 54th annual monetary studies (AMS) conference at the Bank of Jamaica’s auditorium in downtown Kingston...

Minister of Finance and the Public Service and Member of Parliament for St. Andrew North Western, Dr. the Hon. Nigel Clarke, addresses the Universal Service Fund (USF) Sherlock Community Wi-Fi Launch on October 18. The launch took place at the Sherlock community centre in St. Andrew.

PHOTOS: USF Launches Sherlock Community Wi-Fi

Minister of Labour and Social Security, Hon. Pearnel Charles Jr. (right), makes a point during a recent meeting with the Inter-American Development Bank (IDB) General Manager, Caribbean Country Department, Anton Edwards, at the Ministry in Kingston.

Reform of Path to Provide Greater Benefits – Minister

The Planning Institute of Jamaica (PIOJ) will be hosting the biennial staging of its Dialogue for Development Series and Lecture, from November 1 to 2.

PIOJ Hosts Dialogue for Development and Lecture Nov. 1-2

Minister of Education and Youth, Hon. Fayval Williams addresses the launch of the Primary School Stock Market Education Programme at the Jamaica Stock Exchange (JSE) in downtown Kingston, on Friday (October 20).

Education Minister Endorses JSE Primary School Stock Market Education Programme

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

2 years ago Finance & Public Service

Moody’s Ratings Upgrade Reflects Effectiveness of Gov’t Policy

The upgrading of Jamaica’s credit rating by Moody’s is another testament of the effectiveness of the Government’s policy framework in improving the country’s economic independence and creating an attractive environment for investment that supports jobs and growth. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, in a statement welcoming the upgrading said, “our economic policy framework...

2 years ago Finance & Public ServicePress Release

Moody’s Upgrade Jamaica’s Rating to ‘B1’ and Revises Outlook to Positive

Moody’s Investors Service, today, Wednesday, October 18, 2023, upgraded the Government of Jamaica’s (GOJ’s) long-term issuer and senior unsecured ratings from ‘B2’ to ‘B1’ and revised the outlook from Stable to Positive. The decision to upgrade the rating reflects Moody’s analysis that the GOJ, faced with various external shocks,maintained a steadfast commitment to sustainable fiscal policy anchored on Jamaica’s medium...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right), converses with General Manager, Country Department Caribbean Group and Country Representative, Jamaica, Inter-American Development Bank (IDB), Anton Edmunds, during the opening session for the IDB’s Sub-Regional Policy Dialogue on Ecosystems of Entrepreneurship and Innovation in the Caribbean Region, at the AC Hotel by Marriott Kingston on Wednesday (October 18).

2 years ago Finance & Public Service

Jamaica’s Economic Performance the Best Ever – Minister Clarke

Jamaica’s economic performance is the best it has ever been, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke. He cited, among the indicators, the country’s robust foreign exchange reserves, low unemployment rate, low debt to gross domestic product (GDP) ratio, as well as sustained periods of growth. “Jamaica, today, has macroeconomic fundamentals that represent the...

Director General, Statistical Institute of Jamaica (STATIN), Carol Coy.

2 years ago Finance & Public ServiceIndustry

July Unemployment Rate Remains at Record-Low 4.5 Per Cent

Jamaica’s unemployment rate for July 2023 was 4.5 per cent, equalling the record-low outturn reported for April. Director General of the Statistical Institute of Jamaica (STATIN), Carol Coy, who was addressing the agency’s virtual quarterly press briefing on Wednesday (October 18), informed that the rate was 2.1 percentage points lower than July 2022. There were 1,315,100 employed persons in July...

2 years ago Finance & Public Service

2.3 Per Cent Growth for Second Quarter of Calendar Year

Jamaica’s economy grew by 2.3 per cent during the second quarter of the current calendar year, when compared to the corresponding period in 2022. During the Statistical Institute of Jamaica’s (STATIN) virtual quarterly press briefing on Wednesday (October 18), Director General, Carol Coy, indicated that the growth was reflected in the services and goods producing industries, which grew by 2.2...

Deputy Prime Minister and Minister of National Security, Hon. Dr. Horace Chang (second right), cuts the ribbon to open the new Courts Parkway Square store in Portmore, St. Catherine, during the private launch on October 11. Sharing in the moment are (from left) Minister without Portfolio in the Office of the Prime Minister with responsibility for Skills and Digital Transformation, Senator Dr. the Hon. Dana Morris Dixon; Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Alando Terrelonge; and Chief Executive Officer and Chairman of Unicomer Group, the parent organisation for Courts, Mario Simon.

2 years ago Finance & Public Service

Gov’t Building the Country’s Human Capital

The Government is advancing its agenda for the long-term improvement of the country’s human capital with significant investment being made in education and training. Deputy Prime Minister and Minister of National Security, Hon. Dr. Horace Chang, said that the move is in keeping with the Economic Reform Programme (ERP) that is geared towards achieving sustained economic growth and long-term development...

Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill.

2 years ago Finance & Public Service

Up to $1.4b in Benefits Generated Under Gov’t’s Productive Inputs Relief Scheme

The Government’s Productive Inputs Relief (PIR) scheme has generated benefits totalling up to $1.4 billion for the period to date between 2021 and 2023. Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, made the announcement during his contribution to the 2023/24 State of the Nation Debate in the Senate on Friday (October 6). The PIR scheme facilitates...