Business
Proposal to expand Jamaica’s Central Bank Powers released
A proposed set of reforms could provide the Bank of Jamaica (BoJ), with more powers with respect to institutional responsibility for financial stability in Jamaica.
The reforms to expand the BoJ’s role in ensuring the stability of Jamaica’s financial system is an element of the set of reforms that underpin the Stand-By Arrangement with the International Monetary Fund (IMF), while seeking to provide appropriate safeguards.
