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Hylton: IMF Agreement Will Not Impact Logistics Hub Project

By: Caribbean Journal Staff - December 20, 2012

Above: Kingston (CJ Photo)

By the Caribbean Journal staff

Any agreement Jamaica signs with the International Monetary Fund will not impact the country’s plan to develop a major logistics hub, Industry Minister Anthony Hylton said this week.

“Not one foreign investor has raised with me [concerns about] the IMF, not one, because they are not interest,” he said. “They are looking at the global opportunity and they are responding to that. The IMF is not a constraint to foreign investment, given the scale and scope of this opportunity.”

The project aims to take advantage from increased maritime activity in the region due to the planned expansion of the Panama Canal, which is slated for completion in 2015.

Hylton said that the Ministry, the Logistics Task Force and Jamaica’s Cabinet expect that “whatever resources are needed, that government has to facilitate, that those will be at hand, and that has been the experience so far.”

The Minister has said that Jamaica is modeling the hub on those in Singapore, Dubain and Rotterdam.

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