MINISTRY OF FINANCE & THE PUBLIC SERVICE
PRESS RELEASE
The Honourable Nigel Clarke, Minister of Finance and the Public Service and President of the Caribbean Development Bank, Dr. Hyginus “Gene” Leon bumps elbows during the President’s first courtesy call to the Minister on Tuesday, August 10. Financial Secretary, Ms. Darlene Morrison (left of Minister Clarke) and Vice President (Operations) of the Caribbean Development Bank(right of President Leon) also participates in the photo opportunity.
Kingston, Jamaica: Tuesday, August 10, 2021
Newly appointed President of the Caribbean Development Bank, Dr. Hyginus “Gene” Leon paid a courtesy call to the Minister of Finance and the Public Service, the Hon. Nigel Clarke, DPhil, MP at his office this morning as part of the president’s first official visit to Jamaica.
Minister Clarke and President Leon shared spoke the strategic direction vision the Bank, including development imperatives for creating a dynamic, agile and sustainable regional economic space and initiate dialogue on the scope for strengthening the partnership between Jamaica and CDB both to advance Jamaica’s sustainable growth aspirations and leadership in regional development.
Other attendees of the meeting included Ms. Darlene Morrison, Financial Secretary and the President’s delegation Isaac Solomon, Vice President (Operations) of the Caribbean Development Bank, Ian Durant, Director, Economics Department Dorla Humes – Advisor to the President and Head of Corporate Communication.
For further information contact:
Communication & Public Relations Branch
Ministry of Finance and the Public Service
30 National Heroes Circle, Kingston 4
Tel: (876) 932-4656 / 4660 / 4655
Email: shelly-ann.weeks@mof.gov.jm / daniel.passley@mof.gov.jm
Contact: Elaine Oxamendi Vicet / Daniel Passley
Officers of the Revenue Protection Department (RPD), with assistance from the MajorOrganised Crime and Anti-Corruption Agency (MOCA), last week, arrested and charged Rhemalee Wint-Lewis, Tax Auditor of the Tax Administration Jamaica (TAJ) for breaches of the Corruption Prevention Act.
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.
Standard and Poor’s Global Ratings, today, September 13, 2023, upgraded the Government of Jamaica’s Long-Term Foreign and Local Currency Issuer Default Rating (IDR) from ‘B+’ to ‘BB-’ with a stable
outlook.
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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