JIS News

Minister of Finance and the Public Service, Hon. Audley Shaw, said the Government would be pushing hard to achieve healthy economic growth during the current financial year, now that it has achieved macro-economic stability.
Addressing a group of influential financiers, business executives and investors at a business luncheon at the Reform Club in London on July 28, Mr Shaw said the main emphasis would be on attracting new investments to the country, which will lay the foundation for economic growth.
“We have taken some bold steps and succeeded in stabilising the economy. Now that we have economic stability, we have to go for growth. That is our priority and the significant feature going forward,” he said.
Jamaica’s macro-economic plan came in for plaudits from the group, which included holders of Jamaican bonds on the European and global bond markets. They expressed satisfaction with the Government’s progress to date and lauded the Minister for the highly successful Jamaica Debt Exchange (JDX) initiative, which has brought about a significant reduction in the countries’ debt service cost.
Mr. Shaw provided an update on the social and political situation in Jamaica, noting that the country was ripe for investment.
He also outlined several of the initiatives being pursued by his administration to ensure that Jamaica becomes more investment friendly, while challenging the guests to explore and seize on the opportunities that exist in the tourism, agriculture and agro-processing and other sectors in the economy.
Among the guests at the luncheon, hosted by renowned banker and economist Geoffrey Bell, were: Alastair Bryce, HSBC; Marc Lewell, JP Morgan; Peter Charles, Citigroup; Brian Quinn, former director of the Bank of England; Jo Morris, Bluebay Asset Management; William Ledward, Franklin Templeton Investments; Silvia Montes, Canning House; Wilfred Emmanuel Jones, The Black Farmer; Neil Howard, New Jamaica Railway; David Jessop, the Caribbean Council; Dr. Simon Harkin, South America Team, Foreign and Commonwealth Office; and the Rt. Hon Dr. The Lord Gilbert.

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