US Gov’t Commits US$34 Million to Jamaica
- The United States (US) Government will increase its investment in Jamaica with some US$34Mn committed to violence reduction, combatting human trafficking, cybersecurity, energy security, and initiatives to boost the economy.
- Details were provided by Secretary of State for Political Affairs, Ambassador Victoria Nuland, at the US-Jamaica Strategic Dialogue held recently at the Ministry of Foreign Affairs and Foreign Trade, downtown Kingston.
- The US has also dedicated US$3.5Mn to strengthen Jamaica’s cybersecurity capacity and position the country to be a leader in the region, while through the United States Agency for International Development (USAID), US$20mMn will be invested to boost the economy and drive local economic growth to ensure young Jamaicans have better opportunities.
- This increased investment to reduce crime and violence and other social factors could positively impact Jamaica’s Long-term Political Risk Index score which currently stands at 63.9 out of 100 below the Caribbean average of 64.5.