The Students’ Loan Bureau (SLB) was incorporated as a statutory body under the Students’ Loan
Fund Act (SLFA) in 1971. The Act stipulates that the functions of the Bureau include:
a. Provision of loans or grants, in its absolute discretion, to approved students.
b. Administration of the Students’ Revolving Loan Fund (SRLF) which was established
under the SLFA.
The SLB provides funding to students attending thirty-four (34) approved tertiary institutions
including universities, teachers’ colleges and community colleges. The funding supports various
programmes of study inclusive of business administration and social sciences, sciences, nursing,
pharmacology, education, humanities, agriculture, engineering, information technology,
hospitality and tourism management, law, maritime, medicine, sports education and theology.
During the 2025/26 financial year, the SLB will continue to provide funding to approved tertiary institutions on behalf of eligible applicants to finance their undergraduate or postgraduate studies. Disbursements to approved tertiary institutions are projected at $8,810.86 million in 2025/26.
SLB forecasts a net surplus on operations of $2,274.68 million. To achieve its target, the SLB’s staff and Board must uphold strong corporate governance. Let’s take a look at their progress!
The Jamaica Deposit Insurance Corporation (JDIC) was established by the Government of Jamaica on August 31, 1998, to protect depositors and promote confidence and stability in the financial system. Its creation marked a significant step in strengthening Jamaica’s financial regulatory framework.
As a statutory body, the JDIC reports to Parliament through the Minister of Finance and the Public Service, providing operating plans, forecasts, accounts, and other information as required.
The Corporation’s primary objective is to establish and manage a Deposit Insurance Scheme to protect depositors from loss, up to a specified limit.
Its main goals are to:
- Provide the highest level of coverage possible to small depositors.
- Restore and maintain confidence in deposit-taking institutions and by extension contribute to the stability and confidence in the nation’s financial sector.
- Provide a clearly defined system for dealing with problems which may arise in insured financial institutions.
Through the preceding objectives, the Corporation aims to contain contagious runs on financial institutions in the event of a failure of a Policyholder(s).
Clarendon Alumina Production Limited (CAP), established to represent the Government of Jamaica in the joint venture operation of Jamalco, plays a pivotal role in the country’s alumina industry. CAP holds a 45% stake in Jamalco, with the remaining 55% owned by General Alumina Jamaica LLC (GAJ), a subsidiary of the Noble Group. The Jamalco operations have seen various ownership changes, including a transition from Alcoa to the Noble Group and, most recently, to Century Aluminum Company in May 2023, which now serves as the managing partner.
CAP’s primary focus is on enhancing the operational efficiency and long-term sustainability of the Jamalco refinery. In partnership with Century, CAP is implementing Project Restore, a strategic initiative to increase production capacity and reduce operational costs. This project is expected to boost the refinery’s alumina production capacity to 1.211 million tonnes by March 2027.
The CAP projects a net profit increase for the 2025/26 financial year of US$44.21 million. To fulfill its targets, the NIF’s staff and Board must uphold strong corporate governance. Let’s take a look at their progress!
