Media Reports of Surcharges Issued

On Tuesday, May 26, 2026, the World Bank, through the International Bank for Reconstruction and Development (IBRD), rated Aaa/AAA, issued a catastrophe (cat) bond providing the Government of Jamaica (GOJ) with US$200 million in insurance coverage against hurricanes.

The Ministry of Finance and the Public Service (MOFPS) has signed a J$1.7 billion financial agreement with the European Union (EU) for the Digital Transitioning Programme aimed at supporting Jamaica’s Information Communication Technology (ICT) Policy. A handover ceremony to mark the agreement between the two partners was held at the MOFPS on Thursday, May 21, 2026.

Hon. Fayval Williams, MP, CFA, Minister of Finance and the Public Service (MOFPS), is urging permanent secretaries and heads of entities to be innovative and strategic as they lead in building a resilient and future-proof public service. She made the call during the Government of Jamaica (GOJ) Service Excellence Conference 2026 held at the Jamaica Pegasus Hotel on Wednesday, May 13, 2026.

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.