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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

A total of 7,525 tablets are being procured for use in conducting the 2022 Population and Housing Census. This is the first time the Statistical Institute of Jamaica (STATIN) will be using tablets to carry out this exercise. Making the...

BOJ official logo

Bank of Jamaica’s CBDC Pilot Project a Success

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 Minister Expresses Gratitude To Healthcare Workers

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.

Government To Proceed With Compensation Review

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

31 Unions Accept Government’s 4% Wage Increase

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4 years ago 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...

The Bank of Jamaica Building, Nethersole Place, downtown Kingston.

4 years ago 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...

4 years ago 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...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses the recent public sector engagement session hosted by the Transformation Implementation Unit (TIU).

4 years ago Finance & Public Service

TIU Engages Public Sector Employees In Transformation Discourse

Some 150 employees of the Ministry of Finance and the Public Service and its departments and agencies, recently participated in the inaugural ‘Real Talk’ engagement series hosted by the Transformation Implementation Unit (TIU). The series, which targets all levels of public sector workers, was held via Zoom and provided an opportunity for employees to garner information about the public sector...

Executive Director, Transformation Implementation Unit (TIU), Maria Thompson Walters makes a point during a recent virtual engagement session with public sector workers.

4 years ago Finance & Public Service

43 Public Bodies Rationalised Over Last Four Years

Forty-three public bodies have been rationalised over the past four years under the public sector transformation programme. Executive Director of the Transformation Implementation Unit (TIU), Maria Thompson Walters, made the disclosure during the first in a series of ‘Real Talk’ engagement sessions for public sector employees, hosted by the entity recently. She indicated that there are 21 active assignments being...

4 years ago Finance & Public Service

BOJ Currency Projections

For December 2021, Bank of Jamaica projects that the value of currency issued by the Bank will increase by approximately $23.1 billion (11.3 per cent), relative to the stock at end-November 2021 ($204.4 billion) (see Figure 1). The forecast for the month is below the five-year average growth rate of 16.4 per cent for the month of December. The projected...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke addressing public sector employees during a virtual engagement session hosted by the Transformation Implementation Unit recently.

4 years ago Finance & Public Service

Transforming Public Sector Critical – Minister Clarke

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the transformation of the public sector is “critically important” to the country’s development. Speaking at the start of a series of engagements with public sector employees hosted by the Transformation Implementation Unit (TIU), recently, Minister Clarke noted that there are three main imperatives driving the transformation –...