Jamaica’s government is currently in the midst of finalizing a $50 million “growth and competitiveness” project with the World Bank, according to Industry, Investment and Commerce Minister Anthony Hylton.
The loan project, which will take place over a four-year period, will be executed in its first part by the Jamaica Promotions Corporation through the National Competitiveness Council.
“This component will place specific focus on increasing Jamaica’s competitiveness, through strengthening of the country’s competition laws and the work of the Fair Trading Commission,” Hylton said this week.
The second portion of the project will cover the development of the master plan for the country’s much-touted Global Logistics Hub Initiative, including the “packaging of Hub investment projects.”
The third component, Hylton said, will support “support a lending facility as well as capacity building and linkages programmes for micro, small and medium-sized enterprises.”
JAMPRO will be working with the Development Bank of Jamaica and the Planning Institute of Jamaica as lead coordinating agencies for “discrete components” of the work, the Minister said.
Source: Caribbean Journal
Published Date: May 28th, 2014
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.