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The Bank of Jamaica (Jamaican Patois: Bangk a Jumieka) is the central bank of Jamaica located in Kingston. It was established by the Bank of Jamaica Act 1960 [ 3 ] and was opened on May 1, 1961. It is responsible for the monetary policy of Jamaica on the instruction of the Minister of Finance .
1971 The State Bank of Bangladesh was founded by nationalization of the private shares in the eastern section of the State Bank of Pakistan. [4]1972-1974 Through this three years period after independence of Bangladesh in 1971, the government had taken over 786 industrial undertakings.
The Jamaica Association of Local Government Officers (JALGO) is a 5,000-member public sector trade union in Jamaica which represents workers in local and national government, governmental corporations, quasi-government bodies and other agencies created by statute.
In spite of a merger with Mutual Security Bank Jamaica Limited in 1996, [4] NCB Group Limited was forced to seek government assistance in 1997. The Government of Jamaica, through its Financial Sector Adjustment Company (FINSAC), acquired 68% of NCB Group Limited for J$19.5 billion, which was used to purchase bad debts and recapitalize the business.
Nigel Clarke was born in St. Andrew, Jamaica on 20 October 1971, in an upper middle class family. His father, Justice Neville Clarke, served as a Jamaican Supreme Court judge for several decades while his mother, Mary Clarke, served as head of the Planning Institute of Jamaica (PIOJ) for almost 20 years.
The Minister of Finance and the Public Service is Jamaica's chief financial official in charge of formulating both monetary and financial policies. He works alongside the Bank of Jamaica and its Governor. It is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. [1]
Reprivatization refers to the process of restoring properties seized or otherwise nationalized from privately held owners by a government to privately held status. This may include returning seized property or compensating uncompensated former owners, or reprivatizing state held enterprises to new owners, especially banks, which were privately founded but came under state control due to ...
The US bank, Citizens and Southern had taken a 49% stake, and local interests owned 51%. At some point Citizens & Southern was forced to sell its shares to local interests. Eagle Commercial Bank had been established in 1968, and Island Victoria Bank in 1993. In 2001, Royal Bank of Trinidad and Tobago bought Union Bank of Jamaica. [1]