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

Government To Divest JMB And Shares In JPS

The Government is to divest ownership of the Jamaica Mortgage Bank (JMB) and its 19 per cent stake in the Jamaica Public Service Company (JPS) to locals during the 2022/23 fiscal year. Minister of Finance and the Public Service, Dr....
Prime Minister, the Most Hon. Andrew Holness (centre), cuts the ribbon to unveil Kingston Wharves Limited’s (KWL) US$60-million investment in logistics and port development, at Port Bustamante on Wednesday (January 12). Joining the Prime Minister (from left) are Chief Executive Officer of KWL, Mark Williams; President and Chief Executive Officer of the Port Authority of Jamaica, Professor Gordon Shirley; Deputy Chairman of KWL, Grantley Stephenson; Chairman of KWL, Jeffrey Hall; Group Chief Financial Officer, Clover Moodie; and President of Shoreline Foundation, James Roya.
Prime Minister, the Most Hon. Andrew Holness (centre), cuts the ribbon to unveil Kingston Wharves Limited’s (KWL) US$60-million investment in logistics and port development, at Port Bustamante on Wednesday (January 12). Joining the Prime Minister (from left) are Chief Executive Officer of KWL, Mark Williams; President and Chief Executive Officer of the Port Authority of Jamaica, Professor Gordon Shirley; Deputy Chairman of KWL, Grantley Stephenson; Chairman of KWL, Jeffrey Hall; Group Chief Financial Officer, Clover Moodie; and President of Shoreline Foundation, James Roya.

PM Welcomes Kingston Wharves’ US$60-Million Investment As A Signal Of Confidence In Economy
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks in the House of Representatives on January 11.
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, speaks in the House of Representatives on January 11.

Finance Minister Tables Second Supplementary Estimates
Minister of Education, Youth and Information, Hon. Fayval Williams, addresses a virtual post-Cabinet press briefing on Wednesday (January 5).
Minister of Education, Youth and Information, Hon. Fayval Williams, addresses a virtual post-Cabinet press briefing on Wednesday (January 5).

Cabinet Approves Contracts For Consulting, Construction And Auditing Services
Minister of Education, Youth and Information, Hon. Fayval Williams, addresses a virtual post-Cabinet press briefing on Wednesday (January 5). (FILE)
Minister of Education, Youth and Information, Hon. Fayval Williams, addresses a virtual post-Cabinet press briefing on Wednesday (January 5). (FILE)

Tablets Being Procured For 2022 Population And Housing Census

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Finance & Public Service

DBJ Issues Call for Proposals for two SME Fund Managers

The Development Bank of Jamaica (DBJ) has issued a Call for Proposals (CFP) for two qualified applicants to manage funds available for small and medium enterprises (SMEs) under the SERVE Programme. The CFP, which closes on January 12, 2022, will recruit managers for SME Funds that will provide risk capital financing to local businesses with high growth potential, many of...
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Finance & Public Service

Bank of Jamaica’s CBDC Pilot Project a Success

Bank of Jamaica (BOJ) is pleased to announce that it has successfully completed the Central Bank Digital Currency (CBDC) pilot. In March 2021, BOJ announced that it was testing a prototype central bank digital currency with vendor eCurrency Mint Inc. in BOJ’s Fintech Regulatory Sandbox. This was followed in May 2021 by the commencement of an 8-month long pilot which...
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Minister of Finance and the Public Service Dr. the Hon. Nigel Clarke (second left), in discussion with representatives of the latest unions/bargaining units signing the Heads of Agreement for the government’s 12-month four percent salary offer for April 2021 to March 2022, on behalf of civil servants. They are (from left): Union of Clerical, Administrative and Supervisory Employees (UCASE) General Secretary John Levy; Jamaica Medical Doctors Association (JMDA) President Dr. Mindi Fitz-Henley; Nurses Association of Jamaica (NAJ) President Patsy Henry; and Jamaica Midwives Association (JMA) President Bobby-Joe Campbell. The signing took place the Ministry in Kingston on December 22. Photo: Yhomo Hutchinson
Finance & Public ServiceHealth & Wellness

Finance Minister Expresses Gratitude To Healthcare Workers

Minister of Finance and the Public Service Dr. the Hon. Nigel Clarke, has praised healthcare professionals who have been working on the frontline of the national coronavirus (COVID-19) response programme. Dr. Clarke highlighted the work of representatives of the Nurses Association of Jamaica (NAJ), Jamaica Medical Doctors Association (JMDA), and Jamaica Midwives Association (JMA), in particular, to whom he expressed...
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Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second right), and Minister of State, Hon. Marsha Smith (centre, seated), sign the Heads of Agreement formalising the Government’s four per cent wage increase offer for April 2021 to March 2022, with executives of three of the six additional unions/bargaining units representing public sector workers, which have accepted the provision. From left are: Nurses Association of Jamaica (NAJ) President, Patsy Henry; Jamaica Medical Doctors Association (JMDA) President, Dr. Mindi Fitz-Henley; and Union of Clerical, Administrative and Supervisory Employees (UCASE) General Secretary, John Levy. The signing was held at the Ministry in Kingston on Wednesday (December 22). Overseeing the proceedings is the Ministry’s Principal Director for Employee Relations, Lorna Phillips.
Finance & Public Service

Government To Proceed With Compensation Review

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government is looking to proceed with the Public Sector Compensation Review within the targeted timeline next year. The review is intended to overhaul the structure of salaries and other emoluments in the public service to make it more equitable. “We have made a commitment to begin...
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Minister of Finance and the Public Service Dr. the Hon. Nigel Clarke (centre), in discussion with Union of Clerical, Administrative and Supervisory Employees (UCASE) General Secretary John Levy (left), and Nurses Association of Jamaica (NAJ) President, Patsy Henry, following the signing of the Heads of Agreement, formalising the Government’s four per cent wage increase offer for April 2021 to March 2022, with six additional unions representing public sector workers that have accepted the provision. The signing was held at the Ministry in Kingston, on Wednesday (December 22). Photo: Yhomo Hutchinson
Finance & Public Service

31 Unions Accept Government’s 4% Wage Increase

The number of unions representing public sector workers that have accepted the Government’s four per cent wage increase offer for April 2021 to March 2022, has risen to 31. This follows the conclusion of talks between the Ministry of Finance and the Public Service and six additional bargaining units, to bring the total number of public sector employees covered to...
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The Bank of Jamaica Building, Nethersole Place, downtown Kingston.
Finance & Public Service

BOJ Currency Issue

For the week leading up to the Christmas holidays (13 to 17 December 2021), Bank of Jamaica (BOJ) net issued currency amounting to $6.9 billion, representing an increase of 3.3 per cent in the currency stock for the week. This was in line with the 3.3 per cent increase in the stock for the similar period in 2020. The net...
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Finance & Public Service

Bank Of Jamaica Further Reduces Monetary Accommodation

Bank of Jamaica (BOJ) announces its decision to increase the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with BOJ) by 50 basis points to 2.50 per cent per annum, effective 21 December 2021. Accompanying this rate increase, the Bank decided to maintain other measures to contain Jamaican dollar liquidity expansion and to ensure that further...
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