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JAM: Government Earmark $1.29 Billion as Contingency Funding for Natural Disaster

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#Jamaica, February 22, 2018 – Kingston – The Government has earmarked $1.29 billion as contingency funding for natural disasters/infrastructure rehabilitation and the Public Investment Management System this year.  The sum has been allocated in the 2018/19 Estimates of Expenditure, which were tabled in the House of Representatives last week.

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A total of $500 million is being made available, through the Ministry of Finance and the Public Service, towards the cost of rehabilitating infrastructure damaged by adverse weather, which is a requirement of the Financial Administration and Audit Act (Fiscal Responsibility Framework).

Additionally, $794.5 million has been set aside to support new projects under the Public Investment Management Scheme, which are approved for implementation under the Public Investment Management System, also being spearheaded by the Ministry.

Meanwhile, $90 million has been earmarked to continue work this year on the build-out of the Accountant General’s Department offices.  The project, being spearheaded by the Urban Development Corporation, entails refurbishing and build-out of the Department’s office space for its proposed relocation.

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Funding for all engagements is being provided by the Government of Jamaica.

Release: JIS

 

 

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Guyana’s financial support for Palestine

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Rashaed Esson

Staff Writer

#Palestine#Guyana, April 24, 2024 – A cheque of over GY$110 million which is USD$500 thousand, was presented to President Irfaan Ali, at a handover ceremony on April 23, in support of Palestine for Humanitarian efforts, according to reports.

The money, raised by Muslims and non Muslims, comes after an appeal by the National Ramadan Village during the month of Ramadan.

It will be sent to the United Nations Relief and Works Agency for Palestine refugees (UNRWA) to help the victims of the ongoing war.

 

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Caribbean News

Royal Caribbean Cancels Haiti Trips

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Rashaed Esson

Staff Writer

#Haiti#RoyalCaribbean, April 26, 2024- Royal Caribbean has decided to cancel all of its trips to Labadee, a popular destination in Haiti due to the worsening crisis, putting further strain on the country’s tourism sector. Cancellations were initially set to last until mid March but now they have been extended through the summer into September, according to a post by Royal Caribbean. A spokesperson for the organization is reported saying the Global Security and Intel team is monitoring the situation in Haiti, further expressing that the cancellations come as the safety and security of its guests are top priority.

 

 

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Caribbean News

Haiti Transitional Council Sworn in- Henry Officially Resigns

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Rashaed Esson

Staff Writer

#Haiti#TransitionalCouncil#ArielHenry, April 26, 2024 – Haiti’s de facto Prime Minister Ariel Henry officially resigned, following the swearing in of the nine member transitional presidential council on Thursday April 25, 2024. He publicly announced his resignation in a post on Facebook. This follows Henry’s promise last month to exit office after gang members blocked his return to Haiti from Kenya.

 

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