This opens the way for more and more investments that can help improve the standard of living and transform the experience of the citizens of this nation, and BII will be a vital investment partner here to build critical infrastructure: renewable energy, water and sanitation,” the minister said.
Clark explained that significant funding would be needed to reduce dependence on imported goods and thus enhance resilience to economic shocks from external factors.
“Having the additional investment dollars in Jamaica, in the Caribbean, coming from the IIB, would be quite additive and something we welcome and support,” the finance minister noted.
For his part, the conservative British politician and head of the Americas and Overseas region, Jesse Norman, stressed that the institution is at the heart of the global plans of his country’s government.
This is – he added – to mobilize up to £8 billion a year of investment from the public and private sectors by 2025, for which it will be linked to the capital markets.
He added that I am pleased that we will now support projects in the Caribbean, and the International Investment Bank will contribute to the start of a new wave of investments in clean and environmental infrastructure.
Climate change described our strategy, as was described by the managing director of the financial entity, Colin Buckley.
The Old Colonial Development Corporation (CDC) was founded in 1948 and opened its Caribbean office in this capital city in the early 1950s. It has supported the development of hydroelectric power stations in Dominica, Saint Vincent, Saint Lucia, Grenada, Barbados and Montserrat.
It expanded throughout the Caribbean in the 1970s and invested in energy, agribusiness, manufacturing, commerce, tourism, transportation, financial institutions, telecommunications, and information technology.
rgh / znc
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