Following a meeting on Wednesday, April 29, 2026, between the Ministry of Finance and the Public Service (MOFPS) and the Jamaica Confederation of Trade Unions (JCTU), both parties are pleased to advise that an agreement has been reached to resume annual performance-based salary increments.

Honourable Fayval Williams, Minister of Finance and the Public Service, announces the commencement of the search for a new Governor of the Bank of Jamaica (“BOJ”) who would be expected to succeed Governor Richard Byles on the completion of his term of appointment on August 18, 2026. The search will take place in keeping with the principles of transparency and good governance.

The Ministry of Finance and the Public Service (MOFPS) has officially launched the fourth staging of the National Budget Secondary School Tour, setting the tone for a series of dynamic and interactive workshops designed to sensitize students about the national budget and its impact on their lives.

The Ministry of Finance and the Public Service (MOFPS) has signed a new loan contract with the Inter-American Development Bank (IDB) valued at US$70 million to support the Continued Public Sector Transformation Programme. The MOFPS and IDB representatives participated in a Visibility Ceremony for the loan agreement at the MOFPS on Friday, March 27, 2026.

My fellow Jamaicans,
You may have noted that in its Economic and Fiscal Assessment Report which was published in January, the Independent Fiscal Commission said Hurricane Melissa caused an estimated US$8.8 billion in damage — which is about 41 per cent of GDP.