Jamaica Finalizing $50 Million “Growth and Competitiveness” Project

By: Caribbean Journal Staff - May 24, 2014

Above: Industry, Investment and Commerce Minister Anthony Hylton

By the Caribbean Journal staff

Jamaica’s government is currently in the midst of finalizing a $50 million “growth and competitiveness” project with the World Bank, according to Industry, Investment and Commerce Minister Anthony Hylton.

The loan project, which will take place over a four-year period, will be executed in its first part by the Jamaica Promotions Corporation through the National Competitiveness Council.

“This component will place specific focus on increasing Jamaica’s competitiveness, through strengthening of the country’s competition laws and the work of the Fair Trading Commission,” Hylton said this week.

The second portion of the project will cover the development of the master plan for the country’s much-touted Global Logistics Hub Initiative, including the “packaging of Hub investment projects.”

The third component, Hylton said, will support “support a lending facility as well as capacity building and linkages programmes for micro, small and medium-sized enterprises.”

JAMPRO will be working with the Development Bank of Jamaica and the Planning Institute of Jamaica as lead coordinating agencies for “discrete components” of the work, the Minister said.

Popular Posts the sexiest beaches including this resort at atlantis

The Sexiest Beaches in the Caribbean to Visit Right Now 

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party.  There are so many things that […]

The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

verandah antigua

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]

The Winners of the 2024 Caribbean Green Awards 

caribbean green

With almost 20,000 votes, the winners of the Caribbean Green Awards 2024 Presented by E-Finity have been crowned.  From state-of-the-art marine conservation projects to hotels that are redefining sustainability, the Green movement has never been stronger in the Caribbean.  “This […]

Related Posts Montego Bay Jamaica Flights

Planning an All-Inclusive Montego Bay Vacation? This Resort Is a Great Option. 

It’s a different kind of all-inclusive in Montego Bay, one of the Caribbean’s all-inclusive capitals. The S Hotel Montego Bay is not what you might expect: its boutique, with a world-class spa, an adults-only vibe and a sophisticated, cool aesthetic.  […]

Caribbean Hotels Keep Filling Up as Travel Demand Strengthens 

bahamas small hotels

It was a very strong March for the Caribbean hotel industry, according to the newest data from hotel analytics firm STR.  Hotel occupancy was 76.4 percent last month, a sizable 7.3 percent jump over March 2023 — a very strong […]

Jamaica: Travel Advisors “Critical” to Tourism Growth 

jamaica travel advisors

Travel advisors are critical to advancing the growth of tourism in Jamaica, Tourism Minster Edmund Bartlett said this week.  Bartlett, who was addressing a group of top travel advisors in New York, said agents and advisors had an essential role […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You