JIS News

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  • United States (US) Ambassador to Jamaica, Luis G. Moreno, says he believes that by 2030, Jamaica can have a fully developed economy that provides prosperity for all its citizens.
  • Ambassador Moreno was speaking at the Jamaica-US Bilateral Relations Forum held at the Regional Headquarters of the University of the West Indies (UWI) on Wednesday, September 7.
  • He said he hopes to bring in US$1-billion worth of investment to the island by the end of his tenure.

United States (US) Ambassador to Jamaica, Luis G. Moreno, says he believes that by 2030, Jamaica can have a fully developed economy that provides prosperity for all its citizens.

Vision 2030, Jamaica’s long-term development plan, aims to put the country on a path to realising its potential of becoming fully developed over the next 14 years, making the country the “place of choice to live, work, raise families, and do business”.

“The foundation is already here – a well-integrated service sector with a well-educated and industrious workforce,” Mr. Moreno said.

“Reducing the burden of security and corruption, which experts estimate eat up almost 20 per cent of businesses’ budgets, will unleash the capital for investment and higher wages,” he added.

Ambassador Moreno was speaking at the Jamaica-US Bilateral Relations Forum held at the Regional Headquarters of the University of the West Indies (UWI) on Wednesday, September 7.

The forum focused on a report from the Caribbean Policy Research Institute (CaPRI) entitled ‘Dialogues between Democracies: The Future of US-Jamaica Bilateral Relations’.

The US Ambassador, in his presentation, reiterated his intention to “work tirelessly” to increase American private-sector investment in Jamaica.

He said he hopes to bring in US$1-billion worth of investment to the island by the end of his tenure.

“I want to leave being known as the billion-dollar Ambassador. We’ve already brought hundreds of millions of dollars in new US investment in the energy, business process outsourcing (BPO), and tourism sectors,” Mr. Moreno noted.

“If the Government of Jamaica holds another bigger round of renewable energy bids, the US Government’s OPIC (Overseas Private Investment Corporation) could help finance over a billion dollars in that sector alone,” he pointed out.

Meanwhile, Prime Minister, the Most. Hon. Andrew Holness, said the country should serve as an example for the rest of the region by investing more in renewable sources of energy.

He said directives have been given to Minister of Energy, Science and Technology, Dr. Andrew Wheatley, to look at exploring “how we can get more renewables into our mix”.

The report from CaPRI focused on areas such as enhancing security; emboldening democratic governance; increasing trade and investment; enabling health and prosperity; endorsing full and equal citizenship; and strengthening partnerships.