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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]
The ministries of Jamaica are created at the discretion of the prime minister of Jamaica to carry out the functions of government. As of 2016, the prime minister is Andrew Holness . The agencies of Jamaica are created by both parliamentary law and assigned to ministers to oversee.
After achieving independence from the United Kingdom in August 1962, Jamaica immediately established its foreign ministry, then known as the Ministry of External Affairs. In 1976, the government changed the ministry's name to the Ministry of Foreign Affairs and eventually added "and Foreign Trade" sometime later to reflect the full scope of its mission.
In July 2016, Fayval Williams pointed to the need for Jamaica to implement a national identification system. [24] As State Minister, Williams invited the Small Business Association of Jamaica (SBAJ) to formulate an implementation team to work with the government of Jamaica to strategise the growth and development of its members.
During his tenure, Jamaica's central bank became an autonomous body and an independent fiscal commission was created. He also spearheaded policy coming out of the COVID-19 pandemic, allowing the ...
The Minister of Finance must be an elected member of the House of Representatives. [1] The Shadow Cabinet of Jamaica is seen as the alternative to the Cabinet of Jamaica, led by the Leader of the Opposition (Jamaica) , and is charged with fairly criticizing and providing alternative policy to that proposed by the Government.
Hon. Marsha Smith - Ministry of Finance and the Public Service; Hon, Dr. Norman Dunn - Ministry of Industry, Investment and Commerce; Hon. Robert Morgan - Ministry of Education, Youth and Information; Hon. Zavia Mayne - Ministry of Labour and Social Security
The Financial Services Commission was established to improved the Financial Supervision in Jamaica after the 1995 Financial Crisis. [1] After the act was passed, the senior directors and key executive members were hired in November 2001. The General Manager was on-boarded in February 2002 and in April, the operations was started. [3]