The Jamaica Promotions Corporation (JAMPRO) is reporting that investor confidence in the country is at an all-time high, due to the stability of the economy and improved business environment.
Positive economic data
Vice President of Research, Advocacy and Project Implementation at JAMPRO, Shullette Cox, noted that one of the greatest successes of the economic program has been the ability of the Government to reduce public debt. She added that inflation has been kept in the single digits for the past six years and below five per cent last year.
“These are all signals that an investor looks at when determining whether or not a country can grow its investments, and by removing macro-level business risks, what the Government of Jamaica has also done is diminish the ability for external shocks or things happening in the global economy to impact investments that are placed in Jamaica, and that is a strong signal to investors,” Cox said.
She said that at the 2018 Jamaica Investment Forum (JIF) in June, the International Monetary Fund (IMF) sold to the investors the fact that Jamaica has succeeded in removing macroeconomic risks from investing.