KINGSTON,Jamaica, January 23, 2023 - Finance and Public Service Minister Dr. Nigel Clarke, says Chief Prudential Officer at the Bank of Jamaica (BOJ), Kerron Burrell, has been seconded to the Financial Services Commission (FSC) to head the agency’s operations, following the resignation of Executive Director, Everton McFarlane, effective January 31, 2023.
The followingnis a statement from Prime Minister Andrew Holness in relation to the billion fraud scheme being investigated at investment firm Stocks and Securities Limited. He acknowledged that the SSL fraud has sparked fear and general concern, Mr Holness asserted that there is no need for panic about the strength and soundness of the financial system. He pointed to significant reforms implemented over the last two decades that have resulted in Jamaica having a strong and vibrant financial services system.
The World Bank on Tuesday approved US$100 (BDS$200 million) in financing to support Barbados’ development of a low-carbon economy and its resilience to climate change. The funds are being provided as a Barbados Green and Resilient Development Policy Loan.
MONTEGO BAY, December 27, 2022 - The Africa Caribbean Trade and Investment Forum (ACTIF) 2022, held in Barbados in September is beginning to pay dividends. The Board of the African Export-Import Bank (Afreximbank) has made available US$1.5 billion, to enable CARICOM member states that have ratified the Partnership Agreement with Afreximbank, to tap into the Bank’s various financial instruments.
KINGSTON, December 16, 2022 - Jamaica and the International Monetary Fund (IMF) have reached a Staff Level Agreement that will enable the Government to access approximately US$1.7 billion under the IMF’s Precautionary and Liquidity Line (PLL) and Resilience and Sustainability Facility (RSF).
Havana, Nov 2 (Prensa Latina) The economic damage of the United States blockade against Cuba to communications, information technology and telecommunications from January to July 2021 amounted to 37,520,578 dollars, it was reported on Wednesday.
KINGSTON, Jamaica, Octonber 5, 2022 - Standard and Poor’s Global Ratings, today, October 5, 2022, affirmed the Government of Jamaica’s Long-Term Foreign and Local Currency Issuer Default Rating (IDR) at ‘B+’ with the outlook remaining Stable.
PORT OF SPAIN, Trinidad and Tobago, September 5, 2022 - UNIVERSITY of the West Indies (UWI) economist Dr Vaalmiki Arjoon has intimated that there is a cost of living crisis in Trinidad and Tobago which he hopes will be corrected by the Finance Minister shortly.
KINGSTON, Jamaica, August 18, 2022 - Opposition Spokesperson on Housing and Sustainable Living, Senator Dr. Floyd Morris is strongly condemning the new policy announced by the Government to stop providing further interest rate subsidies to certain categories of contributors to the National Housing Trust (NHT).
Kingston, Jamaica. May 12, 2022. Opposition Spokesman on Transport, Mikael Phillips, MP, says the strike action by Air Traffic Controllers and the resulting disruption of Jamaica’s air services was preventable, had the Government acted on several warnings over the past week and had taken the necessary actions.
