The three-day Jamaica Investment Forum got under way Wednesday in the resort town of Montego Bay with an inaugural address by the island’s prime minister, Portia Simpson-Miller.
“The Jamaica Investment Forum 2015 is about maintaining the momentum and building on the progress we are making in attracting world-class investments to our highly diversified economy,” she said, according to a transcript published on the government’s Web site.
Jamaica’s “fiscal discipline has won the approval of the Big Three international credit rating agencies – Standard and Poor’s, Moody’s and Fitch,” she told an audience of 137 potential investors.
“Jamaica continues to perform strongly and remains on track with our targets under the four-year Extended Fund Facility with the International Monetary Fund. We have passed seven consecutive IMF reviews. Our external debt continues to trend downwards with substantial improvement in our balance of payments,” the prime minister added.
Simpson-Miller emphasized that creating jobs remains a top priority of her government.
“Employment brings stability to families. Stable families give rise to strong communities and motivated people, who are essential for business and investment to thrive,” she said.
In 2011, Jamaica received a paltry $211 million in foreign direct investment, but the inflow of FDI more than doubled in 2013 to $561 million, Simpson-Miller pointed out. EFE
Published Date: March 11th, 2015