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Government of Jamaica

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Government of Jamaica

Category: News Updates

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News Updates

GOJ RECEIVES USD 30 MILLION TO FUND JAMAICA EDUCATION PROJECT  

The Government of Jamaica and the World Bank signed a loan agreement for USD 30 million to support the Jamaica Education Project (JEP) which is programmed to conclude on June 30, 2029. The Government of Jamaica and World Bank representatives participated in a visibility ceremony for the loan agreement held at the Ministry of Finance and the Public Service on Monday, November 20, 2023.

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News Updates

IDB AND GOVERNMENT OF JAMAICA SIGN AGREEMENT

The Inter-American Development Bank (IDB) and the Government of Jamaica have signed a Project Preparation Facility (PPF) Technical Assistance agreement to generate a pipeline of investment projects in Jamaica. The total project is valued at US$1.25 million.

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News Updates

SCALING UP CLIMATE FINANCE IN JAMAICA

The Government of Jamaica is working with international financial institutions and donors to strengthen cooperation, crowd-in private investment and build climate resilience following the Resilience and Sustainability Facility arrangement with the International Monetary Fund.

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News Updates

SSL GETS US$1M INSURANCE PAYOUT – GOJ FINANCIAL SUPPORT NOT REQUIRED

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke has announced that it is no longer necessary for the Government of Jamaica to provide support for the salaries of SSL staff members; an insurance claim made by the Temporary Manager of SSL in April of this year, to SSL’s insurers in England, has now been settled. SSL received the insurance payout of US$1 million on Thursday, September 7th, enabling SSL to settle the remainder of their August staff salary bill last week Monday, September 11.

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News Updates

STATEMENT ON EXPENSES RELATING TO THE SSL INVESTIGATION AND RELATED COSTS INCURRED BY THE FINANCIAL INVESTIGATION DIVISION AND THE FINANCIAL SERVICES COMMISSION

The Financial Investigations Division (“FID”), is using the proceeds of assets confiscated under Jamaica’s proceeds of crime legislation to fund the extraordinary expenses it incurs in the SSL fraud investigation. These funds do not constitute tax revenue. These funds arise from the FID’s work in identifying, restraining, forfeiting and monetising the proceeds of crime. That is, these funds arise from the confiscation of ill-gotten gains.

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