Category: News Updates

Arising from activation of the Disaster Risk Management Act and the impact of Hurricane Beryl on Jamaica, the Minister of Finance and the Public Service granted approval for goods, which the Commissioner of Customs is satisfied are being imported for relief and rehabilitation, to be relieved of import duty and general consumption tax (GCT), in accordance with item 30B of the Second Schedule to the Customs Tariff and section 47 of the GCT Act, over the period July 4, 2024 through August 23, 2024.

We are very fortunate that Hurricane Beryl did not make landfall in Jamaica as the trajectory of the centre of the hurricane Beryl passed 45 miles south of Kingston and continued just off Jamaica’s south coast. Though there was significant damage in sections of the island, in many other parts, including much of Kingston, the ackees and mangoes remain on the trees

The Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, led the Jamaican delegation to the Financial Action Task Force (FATF) meetings in Singapore this week.

The Government of Jamaica (GOJ) and the World Bank signed a loan agreement for USD 20 million to support the Jamaica Social Protection for Increased Resilience and Opportunities (SPIRO) Project which is programmed to conclude on January 31, 2030. The GOJ and World Bank representatives participated in a visibility ceremony for the loan agreement held at the Ministry of Finance and the Public Service on Tuesday, June 11, 2024.

Hon. Nigel Clarke, DPhil., MP, Minister of Finance and the Public Service (MOFPS) says the mobilisation of shared services within the public service will enhance good public sector financial management practices. He was delivering the feature address during the Caribbean Public Sector Financial Management Conference at the Jamaica Pegasus Hotel on Wednesday, May 22, 2024.

Today, I met with over 50 stakeholders of the horse racing industry inclusive of jockeys, grooms, trainers, owners, breeders, veterinarians, horse care personnel, directors and management of Supreme Ventures Racing and Entertainment Limited Management, Commissioners from the Jamaica Racing Commission (“JRC”) among other stakeholders from the horse racing industry.

On Thursday, May 2, 2024, the World Bank (International Bank for Reconstruction and Development, or IBRD, AAA/Aaa) settled a catastrophe bond issued on behalf of Jamaica (GOJ) in the amount of US$150 million.

At the end of each month, the fiscal data on revenues and expenditures are uploaded to the Ministry of Finance’s website which is open and accessible to the public.

Minister of Finance and the Public Service, Dr. the Honourable Nigel Clarke, has invited stakeholders of the horse racing industry together for a face to face meeting on Thursday, May 2 to discuss recent developments.

Today, the University Allied and Workers Union, the Jamaica Federation of Corrections, and the Senior Uniformed Officers Association, all of whom represent correctional officers, met with Minister of Finance and the Public Service Dr. the Hon. Nigel Clarke, Minister of National Security and Deputy Prime Minister Hon. Dr. Horace Chang, Minister of State in the Ministry of Finance and the Public Service Hon. Zavia Mayne and Minister of State in the Ministry of National Security Hon. Juliet Cuthbert and technocrats from both ministries.