The Public Investment Management Secretariat (PIMSEC) has been relocated to the the Development Bank of Jamaica.

The Government of Jamaica (GOJ) will be spending over J$2b on some critical projects to improve efficiency in targeted areas of its operations over the next four years. Click the image to read more.

Click the image to view the MOFPS Budget Wrap 2019

Click the image to view the Citizen's Guide to the Budget

Dr the Honourable Nigel Clarke, Minister of Finance and the Public Service(centre right)greets Dr. Manuel Ramos Francia, Head of Centre for for Latin American Monetary Studies(centre left). Also included in the photo are His Excellency Juan Jose Gonzalez Mijares(far right), Mexican Ambassador to Jamaica and Mr. Brian Wynter, Bank of Jamaica Governor(far left).

Click the image to read the press release.

Minister of Finance, Dr. The Honourable Nigel Clarke, addresses the Jamaica Stock Exchange’s 14th Regional Investments & Capital Markets Conference on ‘Life after the IMF: Preserving the Benefits from the IMF, Through Sustainable Growth & Development.’ Dr. Clarke highlighted that for the first time in decades all economic variables are positively aligned: low, stable and predictable inflation; increased employment with more Jamaicans being employed than ever before; fifteen (15) consecutive quarters of positive growth; and historically high Central Bank reserves. The Finance Minister also stated pointedly that, the Government was committed to institutionalising the gains of the reforms through the establishment of an Independent Fiscal Council to be the arbiter of Jamaica’s Fiscal Rules, modernising the Central Bank and making inflation targeting the primary objective of monetary policy and developing the technical capacity of those in charge of crafting policy at the Ministry of Finance, Bank of Jamaica and the Planning Institute of Jamaica.

Dr the Hon Nigel Clarke , Finance Minister during his Keynote Address at the opening ceremony for the University of the West Indies Research Days 2019 stated that, the Government of Jamaica would be making funds available for Research and Development in the national budget as of financial year 2019/20. The Finance Minister also spoke about the research done with UWI which gave rise to the Mosquito Control Unit and efforts in vector management, as well as developing predictive models which can assist with predicting where the next outbreak is likely to exist. The event was held under the theme, ‘Driving Research for Social and Economic Development’.

Minister of Finance and the Public Service, Dr. the Honourable Nigel Clarke shares a light moment with Mrs. Therese Turner-Jones, Caribbean Department Manager of the Inter-American Development Bank (right), Canadian High Commissioner, Her Excellency Laurie Peters(left) and Mr. Daniel Best, Director of the Projects Department of the Caribbean (centre) at the Compete Caribbean Dialogue on Policies and Instruments to Unleash Innovation at the Courtyard Marriot Hotel in New Kingston recently.