Speaking at the first official Sygnus day on Thursday, Finance Minister Dr Nigel Clarke, explained the importance of providing investment opportunities for the private sector. He says as Jamaica looks to build resilience to economic shock, investments will be imperative for the country’s development.
Dr Clarke says the government is pursuing a strategy where it sees the private sector as having the capacity to mobilize investment on a scale, that far exceeds the government’s capacity.
As such, Dr Clarke says the government will be resolute in having an enabling environment to encourage investment opportunities. He says the government is paying interest from its revenue, adding the days of paying interest by borrowing more principals are over. Dr Clarke explains by borrowing more principal will only make room for vulnerability. Watch the report:
Reporter: Justin Graham
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