Jamaica gets multimillion-dollar grant from Japan
The Jamaican and Japanese governments have signed an agreement which will see Jamaica receiving a grant of $100 million yens to purchase equipment and supplies from the Asian country.
The money, which is equivalent to J$96.6 million, is to be used to buy mining and civil works equipment, environmental and meteorological measuring devices and medical and health care supplies.
The agreement was signed by Ambassador of Japan to Jamaica, Yasuo Takase, and finance minister, Dr Peter Phillips, yesterday.
During the signing ceremony, Dr Phillips said the grant would benefit both Japan and Jamaica.
He noted that it will contribute to the economic and social development of Jamaica, while supporting suppliers in areas of Japan hit by the Great East Japan Earthquake in 2011.
Meanwhile, Ambassador Takase said the Grant Assistance is in line with the new policy of Japan towards Jamaica and CARICOM at large.
He said the intention is to support the efforts of Small Island Developing States to overcome their vulnerability to challenges imposed by environment and climate change issues.