Thu | Aug 16, 2018

Government to increase efforts to attract investors

Published:Thursday | September 4, 2014 | 12:56 PM
Anthony Hylton - File

Jerome Reynolds, Staff Reporter

KINGSTON, Jamaica:

Industry, Investment and Commerce Minister Anthony Hylton says with Jamaica’s improvement in the Global Competitiveness Index the Government will be increasing its efforts to attract more foreign investment.

Jamaica moved up 12 places on the index and is now ranked 86th out of 144 countries for 2014/2015.

The country ranked 94th out of 148 countries in the 2103 to 2014 report and 97th out of 144 the previous year.

The report, which was released yesterday, defines competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country.

Hytlon says the National Competitive Council along with other agencies have been doing extensive work to put the necessary policies and mechanisms in place to facilitate the ease of doing business.

He says this work has been positively influencing growth and productivity.

Hylton says the country's upward movement in the Global Competitiveness Index will encourage Jamaica to do more to attract investors.

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