IDB President Commends Government’s Fiscal Management

  • The Inter-American Development Bank (IDB) is commending the Government of Jamaica for its fiscal management of the country. IDB President, Mauricio Claver-Carone, said that the handling of the economy before the COVID-19 pandemic has put Jamaica in a great position to rebound. 
  • Claver-Carone said that with the Government’s leadership, the IDB is interested in helping Jamaica accelerate its path to growing out of debt and the pandemic, and is particularly interested in forging new public-private partnerships (PPPs). He pointed out that the more they can work on improving the logistics in terms of transportation, including energy, and the skills of the nation, it will become more attractive to investors. 
  • Claver-Carone told JIS News that the IDB is committed to making Jamaica the first choice for investment. He noted that Jamaica’s reputation among global investors is respected. As part of the mission to Jamaica, the IDB President and his team met with the leadership of JAMPRO, where they were able to get an update on the activities that have been implemented to foster growth. The bank is exploring how working with JAMPRO can drive greater investment from the digital services companies to Jamaica.

(Source: JIS News)