GROWTH IS OUR RESPONSIBILITY – PM GOLDING TO INVESTORS

News Release, March 20, 2010 – Prime Minister Bruce Golding has reaffirmed to investors that the country’s economic growth rests with the actions taken by the government and its  private sector partners, and not with the International Monetary Fund (IMF).

The Prime Minister was addressing clients of Scotia DBG Investments at a Corporate Seminar in Kingston on March 19.

“Growth is going to be our responsibility not the IMF’s. Growth can only come by expanding what exists or by creating new enterprises, and lower interest rates  provide a critical start.”

Mr Golding also said that the country needs to address the high cost of government and pointed out that less than ten per cent of the national budget is available for capital expenditure.

The Prime Minister thanked the Bank of Nova Scotia, bondholders and other financial institutions for supporting the debt exchange programme which he described as a “significant investment in Jamaica’s survival and its chances for recovery”. Mr Golding said  since the debt exchange programme the country has garnered US$1.2 billion in multilateral flows at interest rates ranging between 0.6% and 3% for the current fiscal year and additional flows are expected for the new fiscal year.

AUDIO CLIP:Growth Is GoingToBeOurResponsibility.mp3(749kB) Download

###

Contact: Communications Unit-OPM
Tel:         926-0244
Fax:        920-4684
Email:     opm.news@opm.gov.jm

Published by Delroy A. Whyte-Hall

As a professional copywriter, I write for the real estate industry! Who do I serve? • realtors, agents, agencies, firms! How do I help you change? • Spread the word about their products and services using the best, simplest, and most reasonable way to do so: press releases. What brings you looking for me? • Your business has something newsworthy, so I'll help you spread the word using my affordable press release writing services. My PR will not only improve the image of your business but also the rankings on search engines.

%d bloggers like this: