Jamaica Poised to Become the Financial Hub of the Caribbean – PM Holness

January 26, 2022 | Vision Newspaper |

Prime Minister Andrew Holness says Jamaica is poised to become the financial hub of the Caribbean. He noted that the country is increasing its technology in the financial sector with several e-commerce innovations, the national identification system (NIDS) and the digital currency.

Speaking at the Jamaica stock exchanges 17th regional investments and capital markets conference yesterday January 25, 2022, the Prime Minister said Jamaica has a well run stock market and government policy is supportive of the development of the capital markets by providing a stream of assets and economic opportunities in which capital can invest.

“All of this is possible because the Government’s management of the economy has created confidence, certainty and importantly has lowered transaction and political risk to business” said Prime Minister Holness.

However, the Prime Minister said for Jamaica to grow, there needs to be more than just a liquid capital market that is willing to invest; a greater emphasis on innovation is necessary.

“We need innovators, people who are able to envision things that don’t exist and create them.” said Prime Minister Holness.

In this regard, he pointed out that the government is investing in the education system to create these innovators. This includes the planned investment for the establishment of six new stem schools and one new performing arts school.

SOURCE Office of the Prime Minister of Jamaica