Jamaica’s Net International Reserves (NIR) stands strong at US$6.839 billion as at March 5, covering 36 weeks of imports of goods and services. “The global international benchmark is 12 weeks,...

The Government will begin a phased process to increase the share of pension funds that can be invested in private company equity in the 2026/27 fiscal year. This reform is...

The foreign asset investment limit for pension funds and insurance companies will increase to 15 per cent in the upcoming 2026/27 fiscal year. Minister of Finance and the Public Service,...

The Government is working to strengthen its suite of disaster risk financing instruments to safeguard against the uncertainties of natural disasters. Accordingly, the Government intends to renew the Caribbean Catastrophe...

Jamaicans are expected to find it easier to switch bank accounts and compare fees starting this year as the Bank of Jamaica (BOJ) advances initiatives to boost competition in the...

The Bank of Jamaica (BOJ) plans to introduce a national electronic Know Your Customer (eKYC) platform to streamline and standardise the account-opening process, expand financial inclusion, and reduce paperwork. Minister...

Minister of Culture, Gender, Entertainment and Sport, Hon. Olivia Grange, has announced that an enterprise team is being established to explore opportunities for the development and potential privatisation of the...

Minister of Labour and Social Security, Hon. Pearnel Charles Jr., has affirmed that the National Insurance Fund (NIF) remains strong and financially viable. He notes that the facility continues to...