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Story Highlights

  • Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the country’s days of being subjected to reckless forms of policy reversals to the detriment of the local people and the economy are over.
  • Speaking at the opening of the Victoria Mutual Fairview Financial Centre in Montego Bay, St. James, on April 24, Mr. Clarke said Jamaica has been benefiting from a growing number of economic reforms and opportunities, due to laws and policies implemented by the Government over the past few years.
  • He pointed out that more than 100,000 Jamaicans have joined the workforce over the period, and this is a direct result of a more prosperous economy brought on by Government’s policy infrastructure.

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the country’s days of being subjected to reckless forms of policy reversals to the detriment of the local people and the economy are over.

Speaking at the opening of the Victoria Mutual Fairview Financial Centre in Montego Bay, St. James, on April 24, Mr. Clarke said Jamaica has been benefiting from a growing number of economic reforms and opportunities, due to laws and policies implemented by the Government over the past few years.

He pointed out that more than 100,000 Jamaicans have joined the workforce over the period, and this is a direct result of a more prosperous economy brought on by Government’s policy infrastructure.

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (fourth left), joins in the cutting of the ribbon marking the official opening of the Victoria Mutual Fairview Financial Centre in Montego Bay, St. James, on Wednesday, April 24. Sharing in the moment are (from left): Custos of St. James, Bishop the Hon. Conrad Pitkin; VM Fairview Financial Centre Branch Manager, Andrea Arscott-Allen; Chairman of Victoria Mutual Group, Michael McMorris; President and CEO of Victoria Mutual Group, Courtney Campbell; and Community Relations Education Officer of the Ministry of Education, Cecelia Jackson.

 

The Minister noted that anyone who is interested in reversing these gains should face the overwhelming number of Jamaican people whose lives have been made better because of this.

“We’ve experienced a lot of positive change coming out of our economic reform, and we will continue with the policies that have generated this unprecedented period of opportunity for Jamaica,” said Mr. Clarke.

“For too long throughout our history, we have been in what we call ‘policy volatility’. We have borne too much, come too far. The fruits of our sacrifice are much too evident for us to jump on policy reversal,” he added.

He further explained that the capital expenditure that Jamaica is able to execute today is 100 per cent more than the capital expenditure that was executed three or four years ago. Spending on social support is also 60 per cent higher, he noted.

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (left), utilises the technologically assisted service while on a tour of the new Victoria Mutual Fairview Financial Centre after the opening in Montego Bay, St. James, on Wednesday, April 24. Observing (from second left) are VM Fairview Financial Centre Branch Manager, Andrea Arscott-Allen; President and CEO of Victoria Mutual Group, Courtney Campbell; Custos of St. James, Bishop the Hon. Conrad Pitkin; and Regional Manager of Victoria Mutual Building Society, Suzette Ramdanie-Linton.

 

“Those are tangible gains for more economic reform programmes,” said the Minister.

Mr. Clarke congratulated the financial institution, noting that “you (VM Group) being here is going to invite a response from your competition, which is good, because at the end of the day, the people of Jamaica are the beneficiaries”.

The new location is equipped with conveniences and technology that will improve members’ experience as they benefit from the full suite of financial services offered by the VM Group in one complex.