BOJ Governor Calls for Focus on Increasing Investments
By: , March 8, 2016The Key Point:
Photo: Mark Bell
Governor of the Bank of Jamaica (BOJ), Brian Wynter (left), addresses the media at the Bank’s quarterly press briefing at its headquarters in downtown, Kingston, on March 7. At right is Senior Deputy Governor, John Robinson.The Facts
- The BOJ Governor was speaking at the Bank’s quarterly press briefing at its headquarters in downtown Kingston on March 7.
- Mr. Wynter said the key to increasing investments “is the question of confidence on the part of those who make investment, the stakeholders, who are not Government.”
The Full Story
Governor of the Bank of Jamaica (BOJ), Brian Wynter, says focus must be placed on increasing investments in order for the country to achieve higher rates of sustainable growth.
“We have to see investments to see growth. Investments have to be predominantly private sector investments – both foreign direct investments (FDIs) and domestic investments,” Mr. Wynter said.
“The things we should be focusing on, if we want to see growth, is the investment in capital equipment, investment in training, know-how and applying it in projects, using Jamaican resources that are either for the domestic market, import substitution or for the export market for products and services,” he added.
The BOJ Governor was speaking at the Bank’s quarterly press briefing at its headquarters in downtown Kingston on March 7.
Mr. Wynter said the key to increasing investments “is the question of confidence on the part of those who make investment, the stakeholders, who are not Government.”