The Inter-American Development Bank (IDB) is commending the Government of Jamaica for its fiscal management of the country. In an interview with JIS News, IDB President, Mauricio Claver-Carone, said that the handling of the economy prior to the coronavirus (COVID-19) pandemic has put Jamaica in a great position to rebound. “This is a Government that has done all the right...

The Public Bodies Management and Accountability (Nomination, Selection and Appointment to Boards) Regulations was approved in the House of Representatives on December 7. Piloting the legislation, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the Regulations represents a seminal tool towards achieving good corporate governance in respect of public bodies. There are approximately 146 public...

Bank of Jamaica is aware that the $5000 commemorative banknote, issued on 23 July 2012 in celebration of Jamaica’s 50 years of political independence, is currently in circulation. The Bank has also been advised that persons are experiencing difficulty conducting transactions with this banknote. In this regard, the Bank apologizes for any inconvenience caused. Although the commemorative $5000 note is...

The Government is to provide Jamaicans with the opportunity of owning a stake in the Jamalco alumina refinery in Clarendon, upon completion of the incorporation process. This was disclosed by Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, who said the Government’s vision is to go public with its stake in the newly formulated entity. He...

A new Board has been appointed at Clarendon Alumina Production Limited (CAP) with a mandate to chart a course for the resumption of production at the Jamalco refinery, which was halted following a fire at the facility in September. The members are also required to continue work towards incorporating a new limited liability version of Jamalco, which the Government has...

The Transformation Implementation Unit (TIU) will be seeking Cabinet approval for the establishment of the Shared Corporate Services Department, following the successful pilots of Human Resource (HR) Management and Internal Audit Shared Services. This was revealed by the Executive Director, TIU, Maria Thompson Walters, at a recent Jamaica Information Service (JIS) ‘Think Tank’ held at the agency’s head office in...

The three commissions responsible for regulating Jamaica’s gambling industry have taken steps to strengthen the culture of integrity, cement the standards of good governance and combat corruption in their organisations. They are the Betting, Gaming and Lotteries Commission (BGLC), Jamaica Racing Commission (JRC) and the Casino Gaming Commission (CGC). Staff of these entities recently completed training delivered by the Integrity...